Real estate in Montenegro for Russians. How to obtain a residence permit based on real estate in Montenegro

Investing in real estate abroad is not just a profitable investment. This is an opportunity to change your life for the better, making it healthier, happier and more fulfilling.

Imagine: Wake up to the singing of birds and breathe in the purest air filled with the aroma of pine trees and flowers. Every day enjoy delicious and fresh products grown on your own plot or purchased from local farmers. Relax in the lap of nature: walk through forests, swim in lakes, hike in the mountains and simply enjoy the beauty of the world around you. Clean ecology, the opportunity to eat organic products and active recreation in nature are not just a desire, but a necessity for a modern person. And buying a home can be your first step towards living in harmony with yourself and the world around you.

In this article we will cover:

• What advantages does buying real estate in Montenegro give to Russians?
• What steps do you need to take to purchase?
• What difficulties might you encounter?
• How to secure a transaction
• What to look for when buying property abroad

Advantages of buying real estate in Montenegro for Russians:

1. Simplicity of registration: Citizens of the Russian Federation do not need a visa to enter Montenegro, and to purchase real estate it is enough to have a foreign passport.
2. Affordable prices: Real estate in Montenegro remains one of the most affordable in Europe.
3. High investment potential: Real estate prices in Montenegro are growing steadily, making it a profitable investment.
4. Mediterranean climate: Mild winters, warm summers and plenty of sunny days make Montenegro an ideal place to live and relax.

Steps to buying real estate in Montenegro:

• Decide on your budget and desired property: Apartment, house, villa on the seashore or in the mountains?
• Select a region: Budva, Kotor, Bar, Tivat, Herceg Novi - each city has its own characteristics and advantages.
• Find a reliable realtor: An experienced realtor will help you choose a property that meets your requirements, check its legal purity and provide transaction support.
• Open an account in a Montenegrin bank: You can transfer funds to pay for real estate.
• Sign the purchase and sale agreement: The agreement must be drawn up in Russian and Montenegrin and notarized.
• Pay for the property: Transfer of funds is carried out through the bank in accordance with the agreement.
• Register the title: After payment, you will receive a certificate of title to the property.

See the catalog of objects on our website: gomonte.me/search/sale

Possible difficulties:

• Language barrier: Not all Montenegrins speak Russian, so you may need the help of a translator.
• Imperfections of legislation: In the real estate sector of Montenegro, there are some legal loopholes that are important to know about in order to avoid becoming a victim of fraudsters.
• Difficulties with transferring funds: Due to sanctions, the transfer of money from Russia to Montenegro may be limited. At our agency, you can pay for your purchase in rubles, as well as cryptocurrency. In the catalog, such objects are marked with special infographics.

How to secure your transaction:

• Contact trusted realtors: Look for companies with a good reputation and experience working with Russian clients.
• Check the documents carefully: Do not sign an agreement without reading it carefully and making sure that it is legal.
• Engage independent lawyers: A specialist will help you understand the complexities of Montenegrin legislation and protect your interests.
• Make transactions through a bank: This way you will protect yourself from fraud and be able to track the movement of funds.

A residence permit through the purchase of real estate in Montenegro is:

1. Ease of registration: a residence permit can be obtained within 3-4 months.
2. No minimum stay requirements: You can freely enter and leave the country at any time.
3. Obtaining a Schengen visa: Holders of a residence permit can obtain visas in Montenegro and visit the countries of the Schengen zone.
4. Prospect for obtaining citizenship: After 10 years of residence with a residence permit, you can apply for Montenegrin citizenship. Subject to renunciation of first citizenship.

How to obtain a residence permit for real estate in Montenegro

To obtain a residence permit for real estate in Montenegro for Russians, you need to follow these steps:

1. Buy real estate
2. Register in your name
3. Obtain a police clearance certificate from your country of origin
4. Pay government fees
5. Prove your income, to do this you need to open a bank account
6. Submit an application to the Ministry of Internal Affairs of Montenegro

Required documents for a residence permit for real estate in Montenegro:

1. international passport
2. Real estate purchase and sale agreement
3. Certificate of registration of ownership of real estate
4. Certificate of no criminal record
5. Proof of funds
6. Receipt for payment of state duty

Cost of residence permit in Montenegro in 2024:

1. State fee: €50-100
2. Notary and translator services: €30-100
3. Health insurance: €30-40 per month

Additional information:

• The residence permit can be renewed annually.
• Family members of the property owner can also obtain a residence permit.
• Our company GoMonte specializes in assistance in obtaining a residence permit through the purchase of real estate in Montenegro. Contact our consultants for additional information: +382 69 777 680 Viber/WatsAap/Telegram.

See the catalog of objects on our website: gomonte.me/search/sale

What to look for when buying property abroad

1. Consider additional costs:

• Taxes and fees when purchasing real estate.
• Documentation costs.
• Costs for repairs and furnishings.
• Real estate maintenance costs.

2. Ensure safety:

• Choose a reliable seller and realtor.
• Use secure payment methods.
• Take out property insurance.

3. Medicine and other social services:

Make sure that medicine is developed in the country. In Montenegro, when you obtain a residence permit, you can also get access to free medical care.

Conclusion:

Buying real estate in Montenegro is not only an investment in the future, but also an opportunity to obtain a residence permit in this beautiful country. Obtaining a residence permit in Montenegro based on the purchase of real estate can be a fairly simple process if you follow the step-by-step guide and seek professional help. Please note that requirements and procedures may change over time, so it is always best to obtain up-to-date information before starting the process.

Get a free consultation from our specialists and make an appointment in the office: +382 69 777 680 Viber/WatsAap/Telegram.

See the catalog of objects on our website: gomonte.me/search/sale