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Taxation in Montenegro
Real Estate Purchase – Buyer’s Guide
Residential permit in Montenegro
 

Residential permit in Montenegro -

According to current immigration policy, real estate ownership does not automatically lead to obtaining long-term residential permit in Montenegro.

There are two grounds for getting a residential permit in Montenegro (an authorization for uninterrupted stay on the country’s territory for a term of 1 year):

  • Registration of a company or buying a going concern business in Montenegro
  • Signing an employment contract with a local company

For a foreigner registering a company in Montenegro a residential permit (so-called “boravak”) is issued by the local police station for a term of 1-year and could be prolonged each consecutive year. After 5 years of residential permit prolongation, a foreigner may apply for long-term residence for 3 and then for 5 years.

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