Residence permit in Montenegro in 2024

The Adriatic coast is not only a seaside holiday, beautiful nature and Mediterranean cuisine, but also a promising option for moving in 2024. From this article you will learn: how to obtain a residence permit in Montenegro by opening a company, about a residence permit through the purchase of real estate in Montenegro, as well as other ways to obtain residence in this sunny country, the cost, timing and advantages of moving.

1. Advantages of residence in Montenegro

• Right of residence: you can legally reside in the state for a year with the possibility of extension.
• Education: Opportunity for your children to attend public schools and universities.
• Medicine: access to free medical care.

Suitable for:

• For pensioners: for a calm and measured life in retirement.
• For families with children: a safe and comfortable country, free education, a large selection of accredited higher educational institutions.
• For freelancers from the IT sector: a developed IT community, the presence of coworking spaces, various meetups.
• For entrepreneurs: low taxes and little competition in many areas of business.

2. On what grounds can you obtain a residence permit in Montenegro in 2024?

A foreign citizen can obtain a residence permit in Montenegro (borawak) on the following grounds:

- Employment in any of the officially registered companies in the country. In this case, the work permit is given only for the period of the contract and is extended for the next period in accordance with the employment contract. Also in this case, other family members can receive borawak under the procedure of reunification with a family member only if they are legally married and have documents to this effect.

- Education. A residence permit for foreign university students is issued for a year and is extended for each subsequent academic year.

- Opening a company. Borawak is received for a period of one year with subsequent extension if the company continues to operate.

- Acquisition of housing ownership. For a period of one year, with subsequent extension. The acquisition of a commercial property or land plot is not included in the list of grounds.

3. List of documents for residence permit in Montenegro

The standard package usually includes:

• International passport
• Certificate of no criminal record
• Medical certificate
• Registration and payment of tourist tax
• Payment of state duties
• Notarized rental agreement
• Other: (company charter, real estate purchase and sale agreement, employment contract, marriage/birth certificate, etc.)

4. Timing and cost

The processing time for an application can vary from 15 to 60 days. If approved, you will be issued a temporary residence permit in the form of a plastic card.

• The cost of a residence permit in Montenegro when seeking help from professionals starts from 300 euros, depending on the basis:
• purchase of real estate - €300
• employment - €700
• opening a company - €1000
• family reunion - €300

Read more about the cost and processing time in the section: services/residence-permit.

5. Why you should contact our company GoMonte for help in preparing documents

1. Saving time and effort

The collection and clearance process can be long and labor-intensive. Professionals will take on all these tasks, including queues at the Municipal Unitary Enterprise, freeing up your time for more important matters.

2. Knowledge of legislation

Migration legislation is constantly changing. Our employees, accountants, and lawyers are always up to date with the latest changes and will help you avoid mistakes.

What services does our company GoMonte provide:

• Consultations on any issues
• Selection of base
• Collection and preparation of documents
• Submitting an application
• Support at all stages
• Representation of your interests in government bodies
• Translation and notarization
• Accounting support for the company

If you have any questions, write to our consultants:

+382 69 777 680 Viber/WatsAap/Telegram

E-mail: gomonte3000@gmail.com

Or leave a request on our website: residence-permit-in-montenegro

6. Frequently asked questions

1. How long do you need to live to get permanent residence?

Permanent residence in Montenegro is issued after 5 years, subject to:

• Continuous residence and legal stay.
• No criminal record.
• Availability of housing and means of living.

2. How to buy an apartment or house?

Any foreigner can buy real estate in Montenegro. The transaction period is up to 30 days. View our catalog of properties for sale on the coast here: search/sale.

3. How much does it cost to live in the country?

On average, per person in Montenegro you need to have a budget of 1,500 euros. Rental property 300-600 euros. Read more about prices for goods and services in our article here: blog/post/23.

4. Where is the cheapest place to live?

It is cheapest to live in cities remote from tourist destinations, where prices are lower and do not rise during the holiday season. These cities include the capital Podgorica, small towns Sutomore, Bijela, Niksic.

5. Pros and cons of moving?

Advantages:

• Ease of obtaining residency
• Cost of living is lower than in other EU countries
• Favorable Mediterranean climate with mild winters
• Pure nature, unique flora and fauna, nature reserves with lakes, coniferous forests, olive groves
• Variety of recreation: beach, mountain, extreme, wineries, ethno-villages and boat trips on yachts

Minuses:

• Lack of highly qualified specialists in various fields, for example, medicine
• Insufficiently developed infrastructure in cities remote from the coast, not meeting Western standards. Narrow roads, lack of parking spaces.
• Low salary level
• High cost of utilities

GoMonte helps in collecting and processing the necessary applications and certificates. Receive a free consultation and discuss options for purchasing real estate or opening a company:

+382 69 777 680 Viber/WatsAap/Telegram

E-mail: gomonte3000@gmail.com.

Catalog of apartments, houses and plots for rent or purchase: https://gomonte.me/

Turning to professionals for help is a smart decision that will help you save time, effort and nerves. We will help you go through all the stages without errors and maximize your chances of successfully staying legally on the territory of the state. This could become your new home, where you can enjoy all the delights of life on the Adriatic Sea.