Issuance of a residence permit in Montenegro when purchasing real estate.
The Ministry of Internal Affairs of Montenegro published the law that provides new living conditions and accommodations for foreigners.
In addition to the traditional grounds for granting a residence permit in Montenegro (i.e., family reunification, education, medical treatment, etc.), Article 36 provides for the possibility of granting a residence permit for property owners in the country. Article 51 specifies that innovation and explains how to get a residence permit in the republic of Montenegro.
A residence permit will be issued to an alien who fulfills the conditions set out in Article 37 of this law, and as a confirmation and proof of the validity of the request, will provide a Certificate of Title, which confirms the ownership right to real estate in Montenegro (there is no minimum value of a property).
To obtain a residence permit in Montenegro on the basis of tenure, one must submit documents of title, certificates confirming the existence of a livelihood, or the means of subsistence, health insurance and a valid passport. The prerequisites are: the absence of a criminal record and proofs of the fact that the person does not represent a threat to the national security of Montenegro.
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