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Rank #76
Montenegro

Montenegro

LocationSouthern Europe • UTC+2 • Europe/Podgorica
Monthly Cost
$1,186
-46% vs USA
Internet
239 Mbps
Fixed Broadband Avg

Retirement Visa

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For retirees who wish to live in Montenegro. Requires proof of sufficient pension income to support oneself.

Min. Income

€1,000/month

Per Applicant

Min. Income

Processing

1–2 Months

Average Time

Processing

Validity

1 Year

Initial / Renewable

Validity

Citizenship

10 Years

Years to Apply

Citizenship
Info

Eligibility & Required Docs

Eligibility Requirements

  • CheckmarkProof of pension income
  • CheckmarkMinimum income of €1,000/month
  • CheckmarkClean criminal record
  • CheckmarkValid health insurance

Required Documents

  • CheckmarkPension statements
  • CheckmarkBank statements
  • CheckmarkHealth insurance policy
  • CheckmarkValid passport
Info

Residency Rules

Taxation

Retirees are taxed on worldwide income at a flat rate. Non-residents are taxed only on income sourced from Montenegro.

Physical Presence

Must spend at least 183 days per year in Montenegro to maintain residency status.

Info

Advantages

  • Mild climate and beautiful scenery
  • Affordable cost of living
  • Friendly local community
Info

Disadvantages

  • Limited healthcare facilities
  • Language barrier
  • Bureaucratic processes can be slow

Compare with

PortugalRetirement Visa
SpainNon-Lucrative Visa
GreeceRetirement Visa