Montenegro Residence

Montenegro is one of the fastest-growing Balkan economies, as classified by the World Bank. The nation is quickly establishing itself as a key strategic destination for some of the world’s most important industries. The Government of the Republic of Montenegro welcomes wealthy and talented foreign individuals who are able to make a significant, qualified investment into the country. Under this offering, individuals can become residents of Montenegro within approximately one month.

Benefits of Montenegro Residence

• Highly efficient procedure for residence application and opening a bank account
• Minimal application requirements, with only one visit to Montenegro required during the application process
• Eligibility to apply for permanent residence after five years
• Low business operation costs compared to other European jurisdictions
• Duty-free trade and customs agreements with EU member states, Switzerland, Türkiye, and other countries
• Residence in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO
• Residence in a country that is multinational and multilingual, and enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living

Requirements of Montenegro Residence

To acquire residence, applicants must select one of the following investment options:

1. Real estate acquisition
   Purchase an existing property (no minimum value is required).
2. Legal entity registration
   
   Fulfill the following requirements:
   • Create and register a legal entity in Montenegro.
   • Open a bank account.
   • Rent or purchase office space for the business.
   • Rent or purchase residential property for personal use.

Annual costs associated with company operations start from EUR 3,000.

Procedures and time frame of Montenegro Residence

Applications must include completed application forms and be accompanied by the appropriate fees and supporting documents. Applicants are required to visit the country once during the application process. Within approximately one month, successful applicants receive a residence permit that is valid for one year and renewable annually. After holding residence status for five years, they can apply for Montenegrin permanent residence.