Montenegro Residency via Real Estate Ownership (Zakon o Strancima)
Under Article 56 of the Law on Foreigners of Montenegro (Zakon o strancima), foreign nationals who own real estate situated in Montenegro can obtain a 1-year renewable temporary residence permit (privremeni boravak):
- No Minimum Property Valuation: Unlike EU Golden Visa programs requiring €250,000 to €500,000, Montenegrin law imposes no statutory minimum property value threshold. Any residential apartment, house, or commercial unit qualifies.
- Mandatory Statutory Criteria:
- Valid title deed extract (List nepokretnosti) without encumbrances.
- Bank account balance of at least €3,650.00 (€10 per day for 365 days).
- Valid international or local private health insurance policy.
- Clean police criminal background record.
- Rental Yield & Tax: Rental income derived from real estate is taxed at a preferential flat 15.0% Personal Income Tax (with a 30% statutory deemed expense allowance, yielding an effective 10.5% tax rate).
Statutory Regulatory Framework: Compliant with the Law on Personal Income Tax (Evropa Sad), Law on Corporate Profit Tax, Labor Law of Montenegro, and regulatory decrees issued by the Revenue and Customs Administration (UPC) and REGAGEN.