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Residence permit for property owners in Montenegro

The Government of Montenegro at the meeting of September 10, 2015 adopted a decree on the approval of the type and value of property in the possession of foreign citizens in Montenegro.
The decree defines the type and value of the property of foreign nationals to obtain a permit for a temporary residence permit in Montenegro.
According to the decree, real estate, gives the right to obtain a permit for temporary residence in Montenegro are: at home, cottages, villas, apartments, hotel-type facilities, office and residential buildings and offices.
Foreign nationals owning property listed in this decree, irrespective of the cost, can obtain permission for temporary residence in Montenegro.
This decree shall enter into force on the eighth day after its publication in «Sluzbeni List Crna Gora».
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