Visitors to Montenegro must obtain a visa from one of the Montenegrin diplomatic missions unless they come from one of the visa exempt countries. Residence permits in Montenegro can be temporary (Boravak) and permanent. Information about Permanent Resident Visa. ... Real estate priced below €500,000 must remain as a permanent residence. There are 2 ways which I consider reasonable to get your papers in order in Montenegro. There are many EU banks operating in Montenegro, such as Hypo Alpe Adria Bank from Slovenia and Erste bank from Austria. A permanent residence permit is a public document by which a foreigner proves that he/she has been granted a permanent residence in Montenegro. Getting a Montenegro residence permit will be an essential, early step in your plan to move to the Balkan country. Temporary residence permit allows remaining in the country for up to one year, and its holder cannot leave the country for more than one month in aggregate. There is a firm realization in Montenegro that further economic success will be fueled by immigration, so gaining residence is definitely achievable. For now, the passport gives you access to 111 visa-free countries, including the European Union (but not to the UK, US, China, Canada or Japan). If you have a New Zealand residence visa and have been living in New Zealand for 2 years or more, you may be eligible for a Permanent Resident Visa, which would allow you to travel to and from New Zealand any time you like. This list contains ALL residency by investment programs and retirement schemes and solutions. As a current resident of Montenegro, I can confirm that the process of getting a residence permit is fairly straightforward. This amount includes registering a firm in Montenegro on your name, getting the work permit and applying for a temporary residence. In the case of education, only half of the time spent in Montenegro is calculated. (Art. It’s possible to sell the property after five years. Montenegro (/ ˌ m ɒ n t ɪ ˈ n eɪ ɡ r oʊ,-ˈ n iː ɡ r oʊ,-ˈ n ɛ ɡ r oʊ / (); Montenegrin: Crna Gora / Црна Гора, lit. Nikšić, 7 July 2020 After almost 20 years of life without legal status in Montenegro, Sadat Tafaj (25) who fled from Kosovo[1] with his family as a five-year old, finally gained a permanent residence in April this year, with the help of UNHCR. 70.) We would like to remind our readers that normally (without investment) foreigner must first obtain temporary residence permit in Bulgaria, then renew it annually, and only after 5 years or residence is entitled to apply for permanent … Montenegrin Citizen who have established residence in Montenegro without having applied for registered permanent residence shall file application for registration of permanent residence under provisions of the present Law, within 60 days from the day of entry into force of this Law. Discus Holdings is a team of professionals with more than 20 years of experience providing services in the area of residence and a second citizenship planning, financial planning and tax consulting. However, if Montenegro joins the European Union (as it’s expected to in 2025), a Montenegrin passport could become substantially more valuable. Anyone can apply for a one-year residence visa in what appears to be one of the easiest countries to immigrate to on grounds of employment, education, medical treatment, or family reunion. Montenegro, which will soon become a member of the EU, offers very loyal conditions to the foreigners for obtaining residence permits and registration of permanent residence in this country is possible after five years of permanent residence. Permanent residence gives the same rights as BG citizens, except voting. If the other partner is a foreigner, the law allows that partner to obtain a permanent or temporary residence permit in Montenegro. Taxation of individuals’ income in Montenegro is based on their residence status. The program requires applicants to make a defined economic contribution to the country. The Montenegro citizenship by investment programme was launched in 2019. After five years as a permanent resident, you can apply for citizenship, but the initial residency permit will be temporary for the first five years. If you want to get an easy second residency in Europe through a cheap real estate investment, head to Montenegro. Holders of travel documents containing a valid Schengen visa, a valid visa of the USA, UK and Northern Ireland and the Republic of Ireland, or a permission to stay in these countries, may enter and stay, or pass through the territory of Montenegro up to 30 days, and not longer than the expiry of visa, if the period of validity of the visa is less than 30 days. Enquiry Factsheet Temporary residence permit for medical treatment in Montenegro can be granted to a foreigner who meets the requirements of the law, and who submits a certificate issued by the health institution where he/she will be treated, including the time required for the treatment, proving the legitimacy of the application for temporary residence. A Montenegrin tax resident is an individual who spends more than 183 days in a calendar year in Montenegro, if he/she has a residence in Montenegro, or if his/her center of business and vital interest is on the territory of Montenegro. I also add the most popular solutions for obtaining temporary or permanent residence permits even if they are not organized as official programs. The history of Montenegro begins in the early Middle Ages; the former Roman province of Dalmatia that forms present-day Montenegro. Residents are subject to tax on their worldwide income from any source. The permanent residence makes absolutely all the rights of a citizen of Montenegro, except for the suffrage. Our fees are 890 EUR. Foreigners with permanent or temporary residence in Montenegro arriving from the countries where the confirmed rate of active cases of coronavirus is higher than 25 per 100, 000 inhabitants will be placed in self - isolation or quarantine for 14 days. As you see, we are here to provide the following business services in Montenegro: corporate services, starting a business, incorporating a business with full legal and professional support, obtaining a temporary or permanent residence, getting a work permit, … The first involves buying a real estate. The new law allows applying for a permanent residence for those who had a temporary residence for education before. MONTENEGRO. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. +356 2122 3258 | info[at]discusholdings.com Permanent residence in Hungary through investment in government bonds The only direct program in Europe, which provides the investor and their family Time-proven stability! Montenegro Prospects is the most experienced International Real Estate Agent in Montenegro, specialising in Montenegro Property.. Montenegro Prospects offers the widest selection of property for sale ranging from off plan developments, beautiful villas, apartments, houses in need of renovation, and land for sale in Montenegro. Keeping in mind that Montenegro is on its way to the EU, it certainly is an attractive place for doing business. New status opened new frontiers for Sadat, including the opportunity to access social and health care as well as labour market. All you need to do is buy just about any habitable property and apply for a one-year residency. Applicants can apply by investing in one of several government approved real estate development projects. You can apply for reception of citizenship, having lived in Montenegro for five years in the status of permanent residence. ... (2013), Malta residence by investment program (2014) and Montenegro residence by investment program (2018). A person’s liability to Montenegrin tax is generally determined by residence status or source of income. Non-residents are taxed on income related to a fixed base/permanent establishment (PE) in Montenegro and royalties, interest, and rental income from immovable property in Montenegro. Permanent residence in its turn, subject to certain conditions, can entitle foreign citizens to citizenship by naturalisation in the country that offers residence by investment. With the info I have: Permanent residents of Italy, coming from Italy or Croatia, that have been in those 2 countries for the last 14 days, should be able to enter Montenegro … 'Black Mountain', pronounced [tsr̩̂ːnaː ɡǒra]) is a country in southeast Europe on the Adriatic coast of the Balkans.It borders Bosnia and Herzegovina to the north, Serbia to the east, Albania to the southeast, the Adriatic Sea and Croatia to the west. Answered: We will be pleased to assist you with obtaining permanent residence in Montenegro. Getting your Montenegro residence permit. Citizenship-by-investment programmes of other countries: Citizenship of Cyprus; The Montenegro Citizenship-by-Investment Program was developed by the Government of Montenegro and was launched in 2019 as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. Montenegro recognises dual nationalities and does not require to renounce the current citizenship. 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