There are many reasons a person would want a Montenegrin residency. The beautiful natural environment, relative proximity to Europe due to its geographical position, the stunning beauty of the country, and excellent climate for doing business, are just some of the reasons for relocation to this country.
Two of the most common ways of obtaining a residence permit in Montenegro are purchasing a property and residency based on a work permit. Some other methods of acquiring the residency are studying within the country, buying a home, and investment in the country. Surprisingly, being in a yacht related business also has its benefits should you want to apply for Montenegrin business, but more on that later.
There are two types of residencies for foreigners in Montenegro, similar to most of the countries. These are a temporary and permanent residence. A temporary residence permit is usually issued for a time-frame of 12 months, after which it requires renewal each year. Family of the applicant, such as the spouse or underage children, also can apply for the residency based on family unification. On the other hand, permanent residence is based on spending more than five years within Montenegro (legally), marriage to a Montenegrin citizen, which lasts more than three years or Montenegrin heritage.
Montenegrin Law on foreigners has straightforward requirements should you want to apply for temporary residence. The procedure itself goes as followed:
Purchase a home or a real-estate; start a company while making you the executive director; or arrange full-time employment. The next step would be the application for temporary residency, with yearly renewal until you have spent five years in the country. The penultimate stage would be applying for a permanent residency and finally applying for citizenship.
When it comes to the documents needed for the application for your Montenegro residency, they are pretty standard. You will need:
- A copy of a valid passport with a more extended expiry date than the permit
- Proof of previous education
- Clean criminal record proof issued within the past six months ( for 16-year-olds or older)
- Solvency proof – €3,650 deposited in a Montenegrin bank, or a confirmation that your salary is €350 per month or higher
- Marriage certificate in case of family applications including birth certificates for minor children
- Proof of a location of residence
- Proof of employment (issued by the employer)
- Proof of enrollment in a health insurance program
Be aware of the fact that all of the documents not issued in Montenegro are required to be translated by a licensed Montenegrin translator. The time needed to get your residence permit varies between 20 days for work-related licenses and 40 days for regular ones.
It is also worthy of mentioning that there are other ways of acquiring the permit, such as yacht ownership or residency by investment. In the case of yacht ownership, or should you have a yacht crew with an agreement of working in one of the marinas located in Montenegro for more than 90 days, you are eligible for temporary residency. Investment based Montenegrin residency is the shortest route to citizenship, but also the priciest one and details about it will be covered in a specific article.
This article provided you with all of the essentials of applying for a Montenegrin residency permit. As with most countries, it is a straightforward process, but when you consider all that Montenegro has to offer, it is easy to see why one would want to become a resident of this beautiful country.