— What is the procedure for obtaining a residence permit, how does this all happen in general terms? With two international airports, in Tivat and Podgorica, Montenegro is easily accessed from major European capitals and beyond and is an easy stepping-stone to Western Europe. Check out how you can get a residence permit by investing in prime seafront real estate Find out all the benefits of investing in real estate in Montenegro, the Pearl of the Adriatic, and owning a Montenegro residence permit. By the way, the same money can be put on the account of another family member and take a certificate for him. Now, any foreigner who owns real estate in Montenegro, regardless of its type and value can get a residence permit. The one-time tax on the purchase of secondary real estate in Greece is 3.09%; The tax on the purchase of primary real estate with a permission to build is 24% since 31.12.2005; Capital gains tax on the sale of real estate is 15% of the profit. Real estate in Montenegro is very popular among foreigners, due to the simplicity of the deal, affordable prices, profitable taxation and the possibility of obtaining a residence permit. Sign up for news on new launches and offering. The main request from foreign clients is to select property for purchase in Montenegro with a panoramic sea or bay view. An additional government donation of €100,000 is required, plus application and due diligence fees. If you add the rental income which increases every year, obtaining a residence permit through real estate in Montenegro is a high income-generating investment. The owner of the property (without age restrictions, etc.) — Is any meeting scheduled? Montenegro is a candidate of European Union and expected become a member within a few years. Most likely, the amendments will enter into force in the beginning of 2015, or since it is published in the Service list Montenegro. However, it does not mean that acquisition of real estate property does not raise your status. Actions about homeless animals are now being held everywhere4 vaccination, chipping, issuing passports are conducted in veterinary hospitals. Yes, you can! Investments in real estate (buying property) from 250k euro, get residence permit in EU +(371) 2 8664407‬ International luxury real estate There are other ways such as studying in Montenegro but the above two are the most common. The country, moreover, has among the lowest corporate and capital gains tax regimes in Europe at 9%, and has a double taxation treaty signed with 41 countries including the UAE and Kuwait. Temporary residence permit for property owners. We all try to do as for ourselves, this is our mentality. This time REALTING talked to Svetlana Barina, Sales and Marketing Director of Montbel Montenegrin Real Estate Agency. gets a residence permit, as well as members of his family, including minor children. A foreign citizen can obtain a residency permit in Montenegro based on a property purchase or work permit. By closing this message and continuing to use the site you consent to, Real estate purchase and business registration as the main ways to obtain a Montenegro residence permit. Buying a property in Montenegro As a current resident of Montenegro, I can confirm that the process of getting a residence permit is fairly straightforward. Again, our company deals with the construction of buildings. Beyond allowing non-residents to obtain temporary tax residence on the basis of property ownership, the changes in the legislation are also expected to have a considerable impact on the real estate market in Montenegro. Apartments in DELMAR RESIDENCE are perfectly designed for it, and our company would be happy to help you with the management issues as well. The natural beauty and favorable economic and political environment have allowed the small country of Montenegro to become one of the most attractive tourist destinations in Europe. — There is something similar, I guess, cities there is nothing like that in Budva and other cities. Thus, when buying real estate in Georgia for the required amount, the investor immediately receives a residence permit, which will need to be renewed annually for 5 years. — The most common way to obtain a Montenegrin residence permit is real estate acquisition. This method also has significant advantages in itself. Additional information about real estate in Montenegro upon request We will help you find and buy real estate. Now all foreign owners of property in Montenegro could apply for temporary residence in Montenegro. The residence permit program for the purchase of real estate is designed for 2 years. The Montenegrin Immigration law (Zakon o strancima) provides 13 reasons for obtaining a temporary residence permit. However, it has been a period when foreign citizens massively went to Montenegro. Secure environment for real estate investment. There are 2 ways which I consider reasonable to get your papers in order in Montenegro. — Validity period is 1 year. The country adopted the euro as its official currency back in 2002, eliminating foreign exchange controls and making it easier for investors to avoid currency risk. So, family reunification, university studies, formal employment, treatment — all this is absolutely real. Sources peg the rental yield on Montenegrin property at four to eight percent, which is one of the highest in the region. Buying real estate can help you to get a residence permit in Slovenia, but only indirectly. There are two ways I recommend as a path to get a residence permit in Montenegro. — Earlier, it was possible to obtain Montenegrin permanent residence only if one owned a company or was employed in the country. Ivan Petrovic T. +382.20.228.490E. Getting a second home in Montenegro, the Pearl of the Mediterranean, has never been easier. (function() { Opening a company in Montenegro is a quite simple and inexpensive process. Please fill out the form below and we will be in touch shortly. The economic activity has been growing strongly with the tourism industry as the major vehicle, attracting foreign investments in other… Getting your Montenegro residence permit. It’s easier to build a business here yourself, that is, coming with your own business and develop it. We assure you that your real estate investment in Europe is safe within Porto Montenegro properties. Or, if your children are adults, you can establish a half for yourself and a half for an adult child. During this time the government plans to earn about 20 billion Thai Baht, or 665 million dollars. Perast, Montenegro | As a property investor and resident of Montenegro, strolling through beautiful and old coastal towns becomes commonplace. — Who can apply for a residence permit in Montenegro? If one wrote a letter badly or crookedly, one will have to stand and re-fill this card. A temporary residence permit is issued for a period of 12 months, and can be renewed each year. This type of residence permit does not give a foreigner the right to work in Montenegro. It is only 700 meters away from the center of Budva and a 25 minutes walk to the Old Town. b. } For example, a law has recently been passed — stores cannot work on Sundays. Your residence permit will be based on the profits generated from your real estate investment. In fact, it is true: the Belarusians living here, whatever their business is, simply «bite and pull.» If they own aparthotels, then for themselves, perhaps they may not have very good conditions, but for customers everything is at the highest level: clean and beautiful. There is no minimum investment threshold for a residence permit. Buying real estate can help you to get a residence permit in Slovenia, but only indirectly. All you need to do is buy just about any habitable property and apply for a one-year residency. Starting from November 3, 2015 Montenegro has officially implied so-called "golden visa" program for non-residents. Invest without any restrictions Client should invest in real estate ( flat, house, country-house ) in order to obtain residence permit. Thus, after five years, having a continuous Borawok (permission to stay in the country), you can apply for permanent residence. Next — the same photocopies, certificates, insurance. A temporary residence permit is usually approved:-at foreign citizens who own a property in Montenegro.-at foreign citizens who work, study or in Montenegro wants to join her family. ... Getting residency through a cheap real estate investment in Montenegro is thus surprisingly easy, but if you go this route, you won’t be eligible for citizenship. That is, immediate relatives: spouse and children under 18. Montenegro Properties offers a wide selection of property for sale ranging from land, ruins, stone houses, luxury homes and apartments for sale in Montenegro (Budva, Kotor, Tivat, Bar, … To issue a resident card, the founder of the company can invest €50,000 in its fixed assets, including buying commercial or residential real estate on a legal entity. We will be pleased to assist you with obtaining permanent residence in Montenegro. This will support the real estate market of Thailand and help the economy recover from … OBTAINING A BUILDING PERMIT (planning permission) IN MONTENEGRO Blog - 21/08/2020 As for the residence permit through the real estate ownership, then in the second and next years you are to just go to the police (where you originally filed) and show a new extract from the electronic cadastre, confirming that you still own the real estate. The second is opening company in Montenegro. Real estate on GEOLN.COM Comparison of real estate in Georgia Residence permit and citizenship through investment. A property purchase in Montenegro will get residence in the country (except for property for further development that would not qualify a buyer for a residence permit). An application for a residence permit in Montenegro you can apply the following authorities:-Ministry of Foreign Affairs-Overseas at the Montenegrin Embassy or the Consulate. — Another common way is business registration. There are two ways I recommend as a path to get a residence permit in Montenegro. You can, actually, arrange for yourself and others even 1/20 of the part, but no one will get a residence permit. By the way, an interesting fact! — How often is real estate purchased in order to obtain a residence permit? event : event, Dig deeper and you’ll find a wide variety of options. Aside from the appealing Mediterranean climate and beautiful seacoast, Montenegro presents many other benefits as an investment destination. We will register a firm in Montenegro in your name, get a work permit and prepare the documents to apply for a temporary residence. Beyond allowing non-residents to obtain temporary tax residence on the basis of property ownership, the changes in the legislation are also expected to have a considerable impact on the real estate market in Montenegro. ‼️ Registration of residence permit in Montenegro ‼️ The agency “BB Centar” property provides services to design a residence permit in Montenegro. Right off the bat, by investing in property through a locally established entity in Montenegro, a foreigner can be granted temporary residence for a renewable period of one year. Delmar Residence, Becici DELMAR RESIDENCE is unique in its structure and has its own concept. How to get a Montenegrin residence permit, what advantages the status gives, what is the procedure of obtaining a residence permit — more about all this in our article. There is a wide range of properties for sale in Montenegro. Investment gets long term residence permit to live in Andorra; No free movement in Schengen (Andorra not in schengen) No personal tax, no wealth tax , 10% income tax, 10% corporate tax, no capital gains, no dividend taxes or estate duty taxes. This contribution will be directed to a special fund for the advancement of underdeveloped areas. This money is not required to be constantly on the account — actually, in the afternoon or the next day, you can withdraw it and use it at your discretion. Primary qualifications for getting a temporary residence permit for Montenegro include full-time work, study, family reunification, owning developed real estate and seasonal employment. — In my practice, no one has been denied if all the documents are in order. Registration of business. Applicants can apply by investing in one of several government approved real estate development projects. The lease must be signed by a lawyer. An investment of EUR 250,000 to real estate projects in northern or central Montenegro, excluding Podgorica In addition, there are government fees of EUR 100,000 per application. Free selection and consultation. It would seem like we build for sale, but, nevertheless, we cannot afford to bodge. What you need to know to sell your property in Montenegro Blog, Montenegro News - 02/10/2020. In many countries, however, actually getting a residence permit can take quite a bit of work. The attractiveness of Montenegro is in its mild Mediterranean climate, beautiful and always clean Adriatic Sea, the presence of many natural and historical attractions, a well-developed tourist infrastructure and the absence of visas for most countries. Comparison of Two Options for Obtaining Residence Permit in Greece If you wish to apply for a residence permit in the Republic of Latvia, you can purchase a piece of functional real estate in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities. European But Not EU Member States’ Residency by Investment Programs They bought the cheapest studio, for example, for 30 thousand euros, fit in there with the whole «crowd» and went to get a residence permit. Real estate owner residence permit. EUR 400,000 in Andorra real estate (property investment in buying a home). Your email address will not be published. General information Residence permits in Montenegro can be temporary (Boravak) and permanent. In addition to the annual income, you get liquid real estate in a European country, with a growing real estate market and the right to receive a residence permit in Montenegro. — What are the benefits of a residence permit? Another important advantage of obtaining a residence permit by registration of a legal entity is free medical care in polyclinics and hospitals. By the way, there are a lot of private kindergartens here, they are good and not very expensive, even by local standards. Getting your Montenegro residence permit. We know that worldwide luxury real estate hunt can be complicated. By clicking on the information about the request, you agree that Realting and real estate professionals may contact you by phone in your request, which may include the use of automated tools. There is a relatively low, flat capital gains tax of 9% on real estate in Montenegro. That is, people here consider many factors: climate, and being near the Adriatic Sea, and location in the center of Europe. Many countries, including some Gulf States, enjoy visa-free travel privileges for stays up to 90 days and there is a direct flight from Dubai to Montenegro’s capital Podgorica two times a week. Please, tell us the reason for your complaint about this page. The interview with an expert 2020, Obtaining Citizenship in the United Kingdom, Citizenship, Residence Permits and Permanent Residence in Poland, Starting from 2021, the restrictions will start to be applied on the «Golden Visa» in Portugal 2020. How do I get a residency permit in Montenegro? The basis must be business registration. Obtain Montenegro residency permit through real estate investments! How to do it Property acquisition. During the first five years, a residence permit must be renewed annually. Usually the average budget for buyers is around 150000 €. «It all depends on what your foundation is. This type of residence permit does not give a foreigner the right to work in Montenegro. if (!window.mc4wp) { You also agree to our, Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. How to renew it? — How long does a residence permit remain in force? Today one can get a permanent residence on the basis of real estate ownership. Scroll down to find out more. After you've lived in Montenegro for ten years, the foreigner can apply for Montenegrin citizenship (called državljanstvo). To find out more about opportunities for acquiring residency status in Montenegro through real estate investment, register your interest with Rooftop Capital, your partner and guide to the best properties available on the Montenegrin coast. Open up a business in Montenegro and obtain residence permit and work permit in Montenegro within 21 days. Beaches for relaxing with pets are being opened. 8. The one-time tax on the purchase of secondary real estate in Greece is 3.09%; The tax on the purchase of primary real estate with a permission to build is 24% since 31.12.2005; Capital gains tax on the sale of real estate is 15% of the profit. To issue a resident card, the founder of the company can invest €50,000 in its fixed assets, including buying commercial or residential real estate on a legal entity. The second method is to obtain a residence permit through the purchase of real estate in Montenegro. gets a residence permit, as well as members of his family, including minor children. Children can attend free public kindergartens and schools. Montenegro has long been one of the most attractive holiday destinations and for buying real estate abroad for citizens of many countries. It is easy to get residence and work permit in Montenegro. Portugal, Greece and Spain are the most popular real estate investment programs. The most popular are given for work (owning a business or employment), family members, if you are a student, if you are a … } The residence permit program for the purchase of real estate is designed for 2 years. You also need a certificate from the bank stating that you have 3650 euros on your account (a certificate costs a couple of euros). Ivan Petrovic T. +382.20.228.490E. No minimum amount The price of the real estate in wich a client invests in not limited in any way and there is no minimum amount of Investment. Temporary residence permit for property owners. Last year, the Russians were the main buyers of real estate on the coast of Montenegro. The spouse and children under 18 of the holder of a residency permit are also entitled to residency. According to the new law, a residence permit will be made in form of personal identification card with biometric data. forms : { And so here it is. This type of residence permit does not give a foreigner the right to work in Montenegro. Beyond allowing non-residents to obtain temporary tax residence on the basis of property ownership, the changes in the legislation are also expected to have a considerable impact on the real estate market in Montenegro. 7Sky Immigration Citizenship, Second Passport, Residency visa Benefits for Montenegro by Investment Program, Real estate, Requirements and all information. It is located in Becici, Budva riviera. We will register a firm in Montenegro in your name, get a work permit and prepare the documents to apply for a temporary residence. — Can they refuse to grant a residence permit and for what reasons? Is there an electronic queue? Even to the point that if you don’t have some document, but the operator is in a good mood, he will offer to bring it tomorrow. The only way out in this case is the registration of real estate for two (50% for one and 50% for the other). gets a residence permit, as well as members of his family, including minor children. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. That is, there are many legends about working capacity, hard-working nature, orderliness of Belarusians. Registration of a limited company in Montenegro is 550 EUR (including the lawyer's fee and all related legal fees). Somehow I came across a job announcement online: «In Budva, the Old Town, workers are needed at the restaurant...». Program description. There is also very little work, and, taking into account the Montenegrin mentality and «clannishness», here, rather, they will hire the Montenegrin — a relative, a good friend. A foreign citizen can obtain a residency permit in Montenegro based on a property purchase or work permit. The largest package of documents is being collected for the first time. listeners: [], Compare the TOP 10 most popular countries for passport programs: Spain, Greece, Bulgaria, Montenegro, Thailand, Israel, Cyprus, Portugal, Turkey, Georgia This will support the real estate market of Thailand and help the economy recover from … — And what about the jobs for foreigners in Montenegro? It can be a house, cottages, villas, apartments, cafes and restaurants, as well as offices. If you do want a Montenegrin passport, the country has recently launched a citizenship by investment program. Property prices in Montenegro increase in the range of 8% - 14% annually. — What other methods of obtaining a residence permit exist? Why am I saying this because it’s all unacceptable for Belarus. Montenegro has become a member of NATO, here roads are actively repaired, infrastructure is developed, the legislation is «being pulled» under European standards, even in the most seemingly small things. Without a residence permit, Belarusians are allowed to stay in Montenegro for only 30 days, Russians in the season — 90 days, out of season — also a month, Ukrainians (regardless of season) — three months. Visitors always remain «dark horses.» Although, in fact, this is usual everywhere. The purchased property should be free and clear of any encumbrances. (Details of our service are in the bottom of this page) A foreign citizen can obtain a residency permit in Montenegro based on a property purchase or work permit. window.mc4wp = { Property investment citizenship and residency programs in 28 countries. Many of the real estate listings in English are in tourist areas and geared to vacationers or those looking for an income property. The opening of the enterprise is carried out in Montenegro … That is, immediate relatives: spouse and children under 18. — Who can apply for a residence permit in Montenegro? There are other ways such as studying in Montenegro but the above two are the most common. — The most common way to obtain a Montenegrin residence permit is real estate acquisition. The Montenegro citizenship by investment programme was launched in 2019. There are other ways such as studying in Montenegro but the above two are the most common. €360,000 and more can buy a one-bedroom apartment here. The owner of the property (without age restrictions, etc.) Registration of a limited company in Montenegro is 550 EUR (including the lawyer's fee and all related legal fees). The basis must be business registration. Applicants can apply by investing in one of several government approved real estate development projects. A temporary residence permit is issued for a period of 12 months, and can be renewed each year. Types of Property for Sale in Montenegro. The Bar center can be reached in 15 minutes by car. There were no such restrictions before. Registration of 1/3 of the property under the law is not a basis for obtaining a residence permit. — Who can apply for a residence permit in Montenegro? Distance: to the airport Tivat 30 minutes driving, to Podgorica – 50 minutes, […] 3. advanced training, professional education or industrial placement 4. scientifi… After all, you can register in the purchased real estate, and this is a mandatory requirement for obtaining temporary residence permit. — In my practice, there has never been a case when people bought real estate only in order to obtain a residence permit. For 2 years residency permit in Montenegro could apply for a residence.... Take a certificate for him investment citizenship and residency programs in 28 countries only in order obtain... Related legal fees ) of 8 % - 14 % annually, a residence permit does not mean acquisition! Implied so-called `` golden visa '' program for non-residents advantage of obtaining a temporary residence permit in Montenegro property sells. In 15 minutes by car order in Montenegro reunification, university studies, formal employment, —... Only 700 meters away from Tivat Baht, or 665 million dollars parents of the property ( without age,. But, nevertheless, we can not work on Sundays REALTING talked to Svetlana Barina, Sales and Marketing of., formal employment, treatment — all this is absolutely real towns commonplace! The points is the citizenship of Belarus to Svetlana Barina, Sales and Marketing Director of Montenegrin... Element ranges from €250,000 in the country considering that wages in the country establish a for! Company opening usually the average budget for buyers is around 150000 € budget... The beauty and general convenience of the part, but no one have... A panoramic sea or bay view if you made a literal error — just cross it out and the... Quite a bit of work be required again all the documents are order... 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( Zakon o strancima ) provides 13 reasons for obtaining temporary montenegro residence permit real estate permit real... Work permit in the country is not very developed yet, but only indirectly passports are conducted in hospitals... Agent in Montenegro but the above two are the most common, any foreigner owns. About real estate ( flat, house, country-house ) in order to obtain residence! Buyers of real estate Agency four to eight percent, which is one of the of...