Obtaining A Montenegrin Temporary Residence Permit Based On Real Estate Ownership

In recent years, the rate of real estate purchases by foreigners has been growing rapidly in Montenegro, with many non-residents acquiring property, particularly on the Adriatic Riviera. However, such property investments did not – until now - allow for the acquisition of a temporary residence permit.

In accordance with the Law on Foreigners applicable as of April 2015 the Government of Montenegro, in November 2015, adopted a Decree in regards to determining the type and value of real estate owned by a foreigner.

According to the above-mentioned Law and Decree, a foreigner who owns real estate on the territory of Montenegro is able to obtain a temporary Montenegrin residence permit, provided that the property in question is an apartment, house, condo, hotel or a restaurant. There are no limitations in relation to the value or size of the property.