Located in Southeastern Europe on the Balkan Peninsula, Montenegro has gained recognition not only as a sought-after luxury destination but also as a region brimming with vibrant investment opportunities. This secure and steady nation has emerged as an economic center for contemporary resorts, actively progressing towards establishing a free-market economy. Approved applicants not only gain entry into the European market but also obtain European residency. Moreover, Montenegro holds the status of an official candidate country for European Union membership.
Montenegro
(Residence Program)
VISA FREE DESTINATIONS:
126
PASSPORT INDEX RANK:
46th
OVERVIEW:
PROCEDURE:
To complete the application process, applicants must ensure that all necessary documentation is included and submit the corresponding fees. As part of the procedure, applicants are obligated to visit the country at least once. Those who are approved receive a one-year residence permit that can be renewed on an annual basis. Following a period of five years holding the residence status, applicants become eligible to apply for permanent residence in Montenegro.
MINIMUM CAPITAL REQUIREMENT:
EUR 450,000
MAIN APPLICANT REQUIREMENTS:
PROCESSING TIME:
8-10 Months
KEY BENEFITS:
- 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.
