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Residence permit in Montenegro based on the purchase of real estate: Step-by-step guide to obtaining

If you are considering buying property abroad in a warm climate by the sea, where you would like to live permanently, arrange your home, raise children and enjoy life, we suggest you consider Montenegro. This small country with picturesque landscapes, a wonderful climate and hospitable people is becoming an increasingly popular place to purchase property and obtain a residence permit. In this article we will look at a step-by-step guide on how to obtain a residence permit in Montenegro based on the purchase of real estate, the pros and cons of moving and useful tips from those who have already moved and legalized.

Owners can apply for a residence permit:

  • Apartments
  • Villas
  • Country houses

A residence permit is not issued on the basis of the purchase of land or illegal buildings, as well as on the basis of non-residential or commercial real estate.

 

1. What does buying a home in Montenegro provide?

Owning real estate in Montenegro provides access to obtaining a residence permit (residence permit), which provides a number of advantages:

  • Citizens of the Russian Federation can obtain visas to EU countries and others while in the country and contact the Embassies of the countries they want to visit.
  • A residence permit is issued for a period of up to one year with the possibility of extension.
  • Access to free medicine and other benefits.
  • Children of residence permit holders can study in public schools and universities on preferential terms.
  • After 5 years of permanent residence with a residence permit, you can apply for a permanent residence permit.

2. How to obtain a residence permit for real estate in Montenegro in 2024

You can get a residence permit in Montenegro for real estate by following these simple steps:

  1. Select and buy real estate
  2. Confirm your financial solvency
  3. Obtain a certificate of no criminal record from your country
  4. Get health insurance for 30 days
  5. Obtain an extract from the cadastre confirming ownership
  6. Submit an application and documents
  7. Get a residence permit

The first step in obtaining is acquiring ownership of the property. You can choose an apartment, a house or a plot of land depending on your preferences. See the catalog of offers on our website. Pay attention to urgent sales: gomonte.me

Get help in collecting and preparing documents from our specialists. Sign up for a free consultation: +382 69 777 680 Viber/WatsAap/Telegram or gomonte3000@gmail.com

 

3. Real estate in Montenegro. 5 tips on how to choose

1. Determine the purpose of the purchase:

  • For holidays: Do you need an apartment by the sea for summer holidays or a house in the mountains for the ski season?
  • For investment: Do you want to rent out your property or resell it for a profit?
  • For permanent residence: Do you need a spacious apartment for a family or a cozy studio for a single person?

2. Select your region:

  • Budva is the most popular resort with developed infrastructure, but also with higher prices. Buying property in Budva would be a good choice if you would like to receive rental income during the tourist season, as well as enjoy a vacation by the sea. The capital Podgorica has developed infrastructure, distance from the sea, and therefore lower prices.

3. Set a budget:

  • Real estate in Montenegro can cost from 80,000 euros for a studio to several million euros for a luxury villa.
  • Realistically assess your financial capabilities and do not forget about the additional costs of decoration, repairs and maintenance.

4. Study the offers:

  • Compare prices on our website on the coast and in the north: gomonte.me
  • When viewing a property, pay attention to its location, infrastructure, view from the window, and availability of parking.

5. Check the purity of the transaction

  • When contacting our agency, our managers will definitely check all documents for legal purity.

4. How to find cheap apartments in Montenegro

1. Expand your search:

  • Don't limit yourself to just popular resorts such as Budva, Kotor or Bar.
  • Explore offerings in lesser-known but equally picturesque cities and towns. Property prices here can be significantly lower.

2. Consider options not on the first line of the sea:

  • The further from the sea, the cheaper the apartment will be. Don't be afraid to walk 10-15 minutes to the beach: fresh air and beautiful views compensate for this small minus.

3. Pay attention to new buildings:

  • Developers often offer discounts and promotions for apartments in new buildings.
  • In addition, new buildings are distinguished by modern layout and infrastructure.

4. Be prepared to compromise:

  • Don't look for the perfect apartment at a low price. Be prepared to make small compromises in layout, renovations or location.

5. How to buy real estate abroad for a Russian

Buying property abroad is not just an investment, it is an opportunity to change your life, gain access to new horizons and find a second home. For Russians, the process of buying property abroad has recently become more complicated due to sanctions. But don't despair! With the advent of cryptocurrencies, new opportunities have opened up for profitable and safe investments in foreign real estate.

Ways to buy real estate abroad for Russians:

  1. Direct purchase
  2. Purchase through an intermediary agency
  3. Purchase using cryptocurrency

The easiest way, but not always accessible and safe, is a direct purchase, due to restrictions on the transfer of funds. You will need to open an account in a foreign bank and transfer money to it. An intermediary agency can help with searching for an object, preparing documents and transferring money. A new and increasingly popular way to buy housing abroad is to pay with cryptocurrency. Allows you to bypass restrictions on the transfer of funds and maintain the confidentiality of the transaction.

Get a free consultation from our specialists now: +382 69 777 680 Viber/WatsAap/Telegram or gomonte3000@gmail.com

Benefits of using cryptocurrency:

  • Fast and cheap transactions
  • Safety
  • Confidentiality

Nuances to consider:

  • Cryptocurrency prices can change quickly, so it is important to carefully analyze the market before purchasing.
  • It is important to choose a reliable intermediary who has experience working with cryptocurrency.

In our agency you can buy housing for the Bitcoin cryptocurrency, as well as rubles. Search for objects in the catalogue: gomonte.me/search/sale

Buying real estate abroad using cryptocurrency is a modern and profitable way to invest in your future. With a careful approach and the right choice of partners, this deal can be the key to the new life of your dreams.

Read our other articles on this topic:

Next article Long-term rental housing in Montenegro. Frequently asked questions from our clients

Blog about life in Montenegro

Do you dream of a carefree life on the shores of the Adriatic Sea, where the sun shines 300 days a year, and mountains coexist with azure beaches? Then welcome to Montenegro! In this blog, we share the experience of living in this amazing country of people who have already moved to Montenegro, talk about adaptation to a new country, the intricacies of buying real estate in Montenegro, obtaining a residence permit, and also introduce you to Montenegrin culture and traditions.

Moving to a new country is not just a change of place of residence, it is a step towards a new life filled with bright colors and unforgettable impressions. The paperwork process is not complicated, but requires careful preparation. In our blog you will find detailed information about:

  • Necessary documents: what certificates and statements you will need, where to get them.
  • How to get a residence permit in Montenegro in 2024: which residence permit is right for you, how to get it.
  • Looking for housing: how to find the house or apartment of your dreams.
  • Montenegro News.

In our catalog you can find accommodation for every taste and budget: from cozy apartments to luxury villas, and in the articles we will tell you about:

  • Stages of buying real estate in Montenegro: how to avoid becoming a victim of scammers and make a profitable deal.
  • Real estate prices: what determines the cost of housing in different regions.
  • Taxes: what taxes you need to pay when buying and owning real estate.

Each country has its own characteristics that you should know about before moving. Explore our blog about life in Montenegro:

  • Where to find inexpensive housing in Montenegro.
  • Cost of living: how much food, transportation, clothing and other goods cost.
  • Medicine: how the healthcare system works in Montenegro.
  • Education: what schools and universities are there in the country.
  • Work: where and how to find work in Montenegro.

Also in the blog you will find detailed information about residence permits in Montenegro:

  • What documents will you need?
  • How much does it cost to obtain a residence permit?
  • What are the benefits of Borawak in Montenegro?

We hope that our blog about life in Montenegro will be a useful and informative resource for you. If you want to share your experience or advertise on our website, contact us: +382 69 777 680 Viber/WatsAap/Telegram

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