Residence through yacht ownership

citygrrl33 New member

Member since 10 July 2023

citygrrl33New member10 July 2023 16:33:47

I'm curious about the residence visa offered for buying a yacht (instead of a property on land). Has anyone done this? What is defined as a yacht? Is it the size of the boat, or the price?

Also interested in hearing from foreigners who have purchased property to live in or rent out in order to get residency. I will be visiting soon on a scouting trip.

Thanks!

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Louise3313 New member

Member since 04 December 2022

Louise3313New member11 July 2023 08:20:34

@citygrrl33 For yacht I don't know anything, just regarding the property, you must know that you can be resident in Montenegro as owner without end in fact but the residency card is more convenient because she allows you to go outside of the country 90 days per year, if you do more, every year you must do a new residency card (it's not the end of the world).

Tsarine Serial expat

Member since 11 March 2010

TsarineSerial expat14 July 2023 19:18:14

440

Hi there,

To obtain residency through Yacht ownership, you must be able to provide a signed contract of mooring with one of the recognised Montenegrin Marinas. There is not specific definition of a yacht, but I guess a rib would not apply for example... Marinas like Porto Montenegro in Tivat, do not have berths for smaller yachts (under 25m if I recall well), so if you wanted your yacht to be there, you would need a larger yacht. It can be a challenge to find berths in other marinas also...

Most expats obtain residency either through a work contract, or property ownership (you can be 2 owners for 1 property).