Montenegro simplifies procedure for issuing residence permits
Черногорские власти решили упростить процедуру получения иностранцами ВНЖ и приняли поправки к существующему закону об иностранцах.- Montenegro attracts not only numerous Russian tourists. A large number of Russians are investing money in the purchase of real estate in this Balkan country and seek to obtain a residence permit. Montenegrin authorities have decided to simplify the procedure for obtaining a residence permit and foreigners adopted amendments to the existing law on foreigners.
The new edition of this law regulates matters concerning the stay in Montenegro for foreigners. The law also spelled out the new rules of procedure for obtaining residence permission for foreigners with a property in the country. According to Minister of Internal Affairs of Montenegro Abid Crnovrshanin, amendments to the law should lead to an influx of foreign investment.
- Under the new law, buying Property in Montenegro gives the right to obtain a residence permit in the country for a period of 1 year. Before that the owners of real estate had no right to be in Montenegro for more than 90 days. They were forced to travel to any other country once every three months at any time, in order then to legally return to Montenegro.
In accordance with the new law, property owners can obtain a residence permit for a period of 1 year, with the right to renew its duration by preservation of the property. Amendments to the law will please those Russians who are going to engage in commercial or other business activities in this country. A residence permit includes the right to work in Montenegro. A card with biometric data is given to foreign residents who apply for residency, which allows working in the country.
It is expected that amendments to the law become effective in the autumn of 2014 or at the beginning of 2015. The legislation does not limit the value of property which gives the right for a residence permit. The right to determine the minimum value of the property has been transferred to the Ministry of Finance of Montenegro.
The adoption of these amendments will be good news for those of our compatriots who invest their funds in foreign real estate and purchasing in Montenegro.
Last year we decided to find a new home close to the sea. It was quite difficult in the beginning to make the right choice. Once we found CMM Company was a great luck! We immediately received detailed consultation on the country and purchase opportunities. Being attracted by Kotor - one of the most amazing parts of the coast, we decided to take a family trip and maybe make our dream of new home come true. As just discoverers of Montenegro, we were accepted like at home which was a one more pleasant surprise. The most important, we received all detailed information about country regions and procedure of buying property during the first few days. And how beautiful the car journeys were! Difficult choice, but when you find the home you want you can't refuse it. CMM did best to help us with this finding! All the purchase procedure passed well with CMM professional work! Now we are happy owners of a wonderful house with a Kotor bay view, being perfectly served by CMM Management company (of course, we've chosen CMM as professional house manager). Hope our friends and relatives would also move to Montenegro with the CMM help soon !!!
Kate, 22.03.2019 13:06:21
Just a brief thanks to CMM! I was buying a plot for house construction. They found the best possible options for my inquiry, replied all my questions and made full accomodation till the deal close. Responsible managers, quality service. So greatful to the Company for the job done!
Noah, 15.03.2019 13:13:00
Dear CMM team, just to leave a small feedback on the superjob you've done ! It was not an easy period for us with a child. As we had to sell our home property and decided alternatively buy some nice house at Montenegrin coast. We were truly frightened at the start. My colleague, being your customer, gave a good recommendation, so, we called the office. All the part, covering seach and purchase in Montenegro, was quickly, safe and perfectly done. Good luck and further success and propsperity to the company! Special thanks to Alexander and Snezana for professional approach!
Mariana , 06.03.2019 13:06:00
Always thought that buying property abroad isnervous and difficult task. CMM changed my mindset. I felt support and care in every step: from the first call arranged till receiving the Owner's list. I am also happy about how they make my apartment management. Now, whenever me or my family members come home to Montenegro, I am absolutely confident that my apartment is in the best condition!
Harry, 26.02.2019 13:11:00
Good day! The first time we met professionally organised step by step work with property in the Southern country. It was a nice surprise for me and my spouse. Well-established algorithms helped us to understand country, its particular features, pluses and drawbacks. Professional manager (Petar Kuzmich) helped us to avoid mistaken choice and provided a really wide number of options to choose from. We felt and still do absolutely safe while buying a house. Happy to come across with your company! Will recommend to our neighboors and family friends in first Norway home.
Alice and Andrew, 05.02.2019 13:04:00
As people from the North, we would express our gratitude to CMM team for advice and professionalism! Never met this before dealing with real estate. Perfect job, super-trained experts! Thanks Google we reached you. Now holidays only with CMM! My daughter is in love with Montenegro. Now started to persuade me to buy some flat on the coast. We know to whom to turn for professioanl help now!
Oliver, 23.01.2019 13:08:00