Located in the most beautiful position of the Adriatic Sea, Montenegro hosts millions of tourists every year. Those who come to this quaint and small country want to settle based on this country in the next step and are investigating legal procedures for this. There are two easiest ways to get a residence permit in Montenegro, the first of which is to buy a house and the second to open a firm.
In this article we will talk about the disadvantages of advantages, how you can get a residence permit by buying a home.
First of all, you need to determine in what purpose you are buying a home.
- To buy and rent a house in Montenegro
- Buy a house in Montenegro to live sometimes
- Buy a house in Montenegro to relocate
When you buy a house you are given a temporary residence permit for 1 year and the session is renewed every year unless you sell the house. You can get a residence permit for your spouse and children under 18. At the end of the 5th year, you can change your temporary session permanently, but the most important thing to note here is that you have to spend 11 months of the year in Montenegro, and this is a condition for a permanent residence permit.
If you buy a property in Montenegro and get a residence permit, you do not need to live in Montenegro or you can rent the house you receive on a daily, weekly, monthly or yearly basis. For daily rental you can agree with the agencies working here.
In Montenegro, at present, home prices are expected to be low, the country is expected to enter the European Union and home prices are expected to rise close to 100% when the EU membership is completed, and a lower limit on house prices is expected in order to obtain a residence permit.