How to Obtain Residency in Montenegro

Why seek to obtain residency in Montenegro?

• An absolutely gorgeous country with mountains, beaches, and historical towns.
• A low cost of living; Montenegro is competitively ranked in the Numbeo Cost of Living Index.
• Affordable, quality real estate.
• Geographic location – in Europe.
• 9-15% corporate income tax, 9-15% personal income tax, 15% capital gains tax, 15% dividend tax – amongst the lowest in Europe
• Multiple international schools.
• Affordable healthcare.

What are the Residency options in Montenegro?

1. Residency through the ownership of local real estate (you can read my article on real estate in Montenegro here)
2. Residency by creating a local company and appointing yourself a director (you can find out about how to create a local company here)

1. What documents to you need to obtain residency in Montenegro

You’ll need the following documentation to obtain residency in Montenegro: 

• Passport
• A clean, criminal record from your country of citizenship
  
• Letter of application for registration
• Marriage and birth certificates for your family members
• A diploma which demonstrates your education level such as university or high school (in some cases)
  
• For residency through real estate – a copy of the real estate title deed
• For residency through a local company – the company documents and proof you are registered as the director
• Medical insurance

All  documents needs to be translated into Montenegrin. The immigration agent will take care of this. Documents from back home must be apostilled.

The whole process can take 45 days. It’s quite a bureaucratic process. 

2. If you obtain residency in Montenegro, can it lead to citizenship?

Yes it can.

• You must spend 5 years in Montenegro with your temporary residency. The government wants you to stay AT LEAST 9 months per year to renew it on a yearly basis. If you don’t spend the minimum amount of time, then you will have to apply for a temporary visa again, and the countdown will start from year one. Simply renewing the residency is much simpler from a bureaucratic point of view.
• After 5 years of maintaining temporary residency, you are entitled to permanent residency.
• 5 years later (year 10), you can apply for Montenegrin citizenship.

3. How my immigration agent Andreas can help you obtain residency

Andreas has helped family members of mine obtain residency in Montenegro. Half German and half Montenegrin, he graduated from Nikola Tesla University in Belgrade, Serbia. He is reasonably priced, and will ensure you do not get “played” because let’s face it, that’s always a risk as a foreigner.

Feel free to watch the Youtube interview of Andreas above.

Get in touch with Andreas at andreas@thewanderinginvestor.com or through the contact form below if you want to get the process started or have any question.

Other services in Montenegro:

• Create a company in Montenegro
• My Favourite Real Estate Agents in Montenegro
• A Real Estate Lawyer in Montenegro

Articles on Montenegro:

• A Real Estate Investment in Montenegro
• How to flip a house for a 50% gain in Montenegro
• The pros and cons of the Montenegro Citizenship by Investment programme

Important to understand: The residency services are performed by an immigration agent. We at The Wandering Investor are just a middleman and therefore have no liability.