Montenegro Residency Explained 2021 - Part 1 - Residency through Property Ownership 

Peter, thank you for inviting me. And for your brilliant idea to make the videos about residency

@@balkanexpert.9776 hi. Can I have you’re contact email or WhatsApp?

@@salmanahmed7861 there are at the description to the video

awesome video thank you both very much

@@mercy2409 our pleasure. Glad you found it useful.

Looking forward to meeting you.

Thank you:)

Thank you. It really is a great location. A hot day and we were melting so I’m glad we didn’t have to go for a 3rd take.

Thanks. We didn't touch on Visas, it's a separate question for those who need it. Most countries, though, have Visa free entry to Montenegro.

Thank you.

Thanks for the comment.

Thank you.

Thank you for your comment

No idea! But you can call Julie directly.

Hi Thanks for the comment. You can contact Julie about those specific details. Her contact information is in the video description.

Hi Thanks for the comment. You can contact Julie about those specific details. Her contact information is in the video description.

I'm on my 2nd 5 year permanent residency permit. As long as you follow the rules, you can get permanent residency after 5 years of residency in Montenegro

@@MontenegroRealEstate was it based on property purchase alone? what were the rules that time when you applied? immi. rules change...they are not fixed.

In general, you will apply for residency with 1 of 2 main options: owning a property or having a business. Once you have established a company or have a residential property in your name (minimum 50% ownership) then you can take the ownership paper to the bank and set up your account. In some cases, a bank will allow you to set up an account with the purchase contract. Then along with your passport, a bank account is easy to set up and then you can transfer or deposit the minimum funds to progress your residency application.

It is possible. You pay annualy tax for property posession (ask Peter for the sum ) as well as profit tax for renting

Tax is charged at 9% of 50% of the rental income, so if you take €10k pa, your taxes 9% of €5k. Your annual property tax is usually calculated at 0.25% of the value per annum. Example, property value €100k, in general you'd pay €250 per annum. Terms vary in each Municipality, but this gives you a good general idea.

You can stay only 90 days in half a year. In case if want to stay morw than 90 days (for instance from May to October), you have to apply for a res.permit. No any other way exists

Short stay visa (C) may be issued for one, two or multiple entries into Montenegro for tourist, business, personal or other purposes. Continuous stay or total duration of consecutive stays may not exceed 90 days in the period of 6 months, counting from the date of first entry. Validity period of Visa C for multiple entries is up to one year. Exceptionally this type of visa may be issued for a longer period of validity, but no longer than five year. Short stay visa may be issued to a group of foreigners (collective visa). The validity period of collective visa cannot exceed 30 days and it may be affixed to a group passport. Long stay visa (D) may be issued to an foreigner for one, two or multiple entries into Montenegro, intending to stay in the territory of Montenegro over 90 days, but no longer than 6 months in the period of one year, counting from the date of first entry. This type of visa may be granted to a foreigner: - intending to stay in Montenegro in order to perform business or other activities, provide advisory expert activities as agreed by the Agreement on business and technical cooperation, on a long-term production cooperation, and on transfer technologies and foreign investments; - coming to serve to Montenegro as a member of foreign diplomatic and consular representative office to Montenegro or an international organizations accredited to Montenegro, member of economic and cultural representative office, as well as to the members of his family, i.e. members of his household holding diplomatic or official passports. In certain cases, a permission for temporary residence in Montenegro may be considered a long stay visa, which may be granted to a foreigner intending to stay longer than 90 days in Montenegro, for the purpose of: 1) employment and work, performing economic or business activity; 2) seasonal work; 3) secondary education and studies 4) participation in student exchange programmes or other youth programmes; 5) specialisation or professional training and acquisition of practical skills; 6) scientific-research work; 7) medical treatment; 8) family reunification; 9) humanitarian reasons; 10) other justified reasons specified by law or international agreement

@@MontenegroRealEstate Thank you, that's helpful!

Hi Rajesh Thanks for your comment. The easiest way to get residency in Montenegro is by buying property. Anyone from any country apart from 3 in the world can buy in Montenegro and get residency. However, residency is one thing and Visa requirements are another, so you may need to check with the Montenegrin Embassy to see whether you can qualify for a visa to Montenegro. You can also get Citizenship By Investment (CBI) but this requires a significant investment of circa $500K-750K+ in Government approved developments in Montenegro. This scheme ends 31st December 2021. Montenegro is a peaceful, safe, secure country which has a low cost of living by European standards.

There are properties in Montenegro that you can but with cryptocurrency. There are also yacht brokers that will accept crypto around the world, so regardless of where it's bought or registered, you can have a berth in Montenegro. Currently working with 1 client who has bought 1 property using crypto and is looking at buy a 2nd property. So, all doable. Residency can be given by property ownership. Currently, you cannot use crypto for Citizenship by Investment.

All ex Yu countries have similar legislation more or less.

All depends on your preference.

Not sure if you say the next video this Julie and I. But in general 11 months but can be extended to 10 or even 9 months with an average of 10 months minimum over 5 years. This is for residency through property ownership or owning a business. Find the other video for more information.

Julie's info is as mentioned, in the description below. Sounds like CBI or opening a company I'd the route for you.

You need to have the criminal record check for the first application. For renewal not. In case if you apply every year as it is a fisrt time (not renew), you need to have this paper for every application

Finance is extremely rare. Most buyers are cash buyers or raising finance in their home country.

Thanks for the questions. From my understanding, yes you can repeat your application for the annually renewable residency. This would achieve permanent residency after 5 years of qualifying residence in Montenegro as described in the video. If you go outside of the length of stay requirements, I believe that you start your journey of the 5 years to permanent residency from year 1 again. So, is applying for permanent residency the right thing for you. You can stay for up to 6 months in Montenegro on a Tourist Visa. Many homeowners use this option rather than PR when visiting their homes in Montenegro. For advice on the best option for you personally, I suggest that you contact Julie directly, her contact details are in the description.

Additionally, you may find that residency is not the right option for you. You can also take advantage of the 90 out of 180 days rule, whereby you can stay in Montenegro for up to 6 months. As the rule suggests, you’re allowed up to 90 days in this 180 day period and can of course do this twice. Out of interest, we’ve just released another video giving important updates on many aspects so may want to consider subscribing to our channel. Peter

HI Albert Can you send me an email with your contact details to sales@ntrealty.me so we can start a dialogue. Peter

The same as 2021. If there are some changes, we'll make an update video. Best to subscribe for the latest videos.

@@MontenegroRealEstate already subscribed 😂👋🏻🥳

Yes, provided that you can provide evidence of a regular income. Usually LTV 50% and interest rates 6-7%

No. But you can get residency. There are different levels of residency. I think we explained everything in this video or the previous one.

It depends on where you're sending funds from, how much, to whom, reason for sending etc. We have clients sending funds from all around the world. If you like, you can give more details in our email in the video description.

@@MontenegroRealEstate Ok Thanks

No minimum for residency. If you want Citizenship (Passport) by Investment then there’s a minimum investment of €250k + €100k donation to the government if buying in the North (mainly Kolasin) and €450k + €100k if investment on the coast.

@@MontenegroRealEstate Thank you Peter - love your content. You did very well on timing your move to Montenegro several years ago. By the looks of RU-vid activity I think I know your response ... but, do you see significant appreciation in the Kotor Bay development region over the next 5 years? I am also quite interested in the water-borne live aboard marina facilities of the region. Thank you again Peter! Cheers Mate!

@@mountaingoat6393 you probably correctly guessed that I see significant growth over the next 5 years and good growth for the following 5 years too. The momentum is so strong as more and more people discover, come and return to this little gem. If, at it looks, EU accession happens in 2025, then we will probably see significant rises in real estate values.

Not currently. The property just needs to be residential.

Not sure what you mean by TRC

@@MontenegroRealEstate i mean first temporary residence card

@@ajmalkhattak8353 I don’t think so. You need to speak with an immigration specialist on this point. You can get residency based on property ownership or through owning a company.

@@MontenegroRealEstate thank you for your valuable time. I will check on this with immigration. Have a wonderfyll day. I miss europe summer. As im in dubai

We were at Portun Restaurant in Dobrota, Kotor Bay, Montenegro

@@MontenegroRealEstate wow 🤩 thanks for share your videos