Purchasing property in Montenegro is not just a smart investment to protect your capital—it also provides an opportunity to obtain a residence permit. The permit is initially issued for one year and can be renewed indefinitely as long as the property remains in your possession.
Holders of a Montenegrin residence permit gain access to numerous benefits, including the ability to open bank accounts, enroll children in schools and universities, and receive medical services. Additionally, after ten years of continuous residence, they become eligible to apply for citizenship.

1. Residency Through Real Estate Investment
Buying property in Montenegro qualifies you for a residence permit, a benefit that has become increasingly rare in Europe as many countries have discontinued similar programs since 2022.
Even co-owners can apply for residency if they own at least 50% of the property. Furthermore, family members—including spouses, children under 18, and parents—are eligible to apply through a family reunification process.

2. No Minimum Investment Requirement
Unlike many European countries, Montenegro does not impose strict price or property type requirements. A residence permit can be obtained regardless of the property's value, as long as it is free of encumbrances such as mortgages, legal disputes, unpaid taxes, or construction bans.
While there is no formal minimum, legal experts recommend budgeting at least €100,000 for a property purchase to increase the likelihood of a successful application.

3. Fast Processing Time
The Montenegrin Ministry of Internal Affairs processes residence applications within 40 calendar days. The entire process, from purchase to residency approval, typically takes around two to three months. By comparison, Portugal’s residence permit process can take a year or more.

4. Rental Income Potential
Foreign property owners in Montenegro have the legal right to rent out their properties, generating an annual return of 3.5% to 6.5%, with rental yields reaching up to 10% in major cities during the peak tourist season.

5. Favorable Tax Environment
If a foreign resident spends more than 183 days in Montenegro, they become a tax resident. Income tax is applied on a progressive scale, ranging from 9% to 15%, while corporate tax remains at a competitive 9% rate.

Conclusion
Investing in Montenegrin real estate offers a unique combination of financial benefits and residency privileges. Whether you’re looking for a new home, a vacation property, or a profitable rental investment, Montenegro provides a compelling opportunity with minimal restrictions and significant long-term advantages.