Live and Invest Overseas
7 Cheapest Places To Own Your Dream Home Overseas Report
FREE REPORT: THE WORLD'S CHEAPEST REAL ESTATE
We Value Your Privacy! We will not share your email address with anyone else, period.
  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Argentina Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    Learn More About This Event
    Learn More About This Event
    PRE-REGISTER
    Learn More About This Event
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
    1 (443) 599 1221
    Working Hours
    Monday – Friday 08:00 am – 17:00 pm EST.

    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

    Unlock The World

    • Access Your Library

    Overseas Havens Reports

    • Expats' comprehensive destination guides

    Conference Kits

    • Hours of coverage  from our latests conferences

    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

  • My Library
Live and Invest Overseas
  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Argentina Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    Learn More About This Event
    Learn More About This Event
    PRE-REGISTER
    Learn More About This Event
    PRE-REGISTER
    • MORE EVENTS

    Contact Our Events Team

    Toll-Free U.S. and Canada:
    1 (888) 627 8834
    From Outside North America:
    1 (443) 599 1221
    Working Hours
    Monday – Friday 08:00 am – 17:00 pm EST.

    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

    Unlock The World

    • Access Your Library

    Overseas Havens Reports

    • Expats' comprehensive destination guides

    Conference Kits

    • Hours of coverage  from our latests conferences

    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

  • My Library
Live and Invest Overseas
 Homes Under $100k
The World’s Cheapest Real Estate Investments In 2025 Revealed
FREE REPORT: The World Cheapest Real Estate Investments In 2025
Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter, and our FREE weekly E-Letter Overseas Property Alert and we’ll immediately email you our editors’ latest research report… absolutely FREE

We Value Your Privacy! We will not share your email address with anyone else, period.

Home Countries Montenegro

Retirement, Real Estate, And Visa Options In Montenegro

Montenegro Q&A

by Kathleen Peddicord
Oct 11, 2024
in Montenegro, Retirement/Living
0 0
Picturesque summer view of Adriatic sea coast in Budva Riviera. Przno village with buildings on the rock, Montenegro

AdobeStock/O.Farion

I first visited Montenegro in the early 2000’s. Back then, it was a new state—freshly split from neighboring Serbia and fighting to assert itself.

Today, it’s a playground for A-listers, billionaires, and savvy expats.

Despite its popularity with the jet-set, you don’t need a bulging bank balance to make your home here.

In fact, a couple can live the good life here on as little as $1,700 a month… which makes it one of the most affordable places to spend time on the Continent.

We’ve been extolling the virtues of this little haven for years now… and the mainstream is beginning to catch on… but there’s still time to stake your claim in this up-and-coming corner of Europe.

Here’s some of the recent questions we’ve had from your fellow readers on Montenegro and our answers to them…

Q. Is Montenegro a good place for overseas retirement?

A. Montenegro is a great place to vacation, live in, or retire to. It offers stunning scenery, rich history, warm waters, prestigious marinas, and diverse recreation opportunities—you can ski the slopes in the morning and swim in the Mediterranean in the afternoon.

Get Your Free Real Estate Report Today!
Simply enter your email address below and we'll send you our FREE REPORT – The World's Cheapest Real Estate Investments In 2025 Revealed
We Value Your Privacy! We will not share your email address with anyone else, period.

The small population means it’s also an incredibly safe destination and right now, setting up a life in Montenegro is simple, with easy residency policies and even a direct path to citizenship.

The expat community is welcoming and climate-wise, you’ll enjoy mild temperatures year-round.

In addition, property, rent, utilities, meals, and more are affordable in Montenegro. You can almost certainly lower your current cost of living by moving here—a budget of 1,500 to 2,000 euros per month will see a couple living comfortably here. You can rent a small, one- or two-bed apartment in Kotor Old Town for about 800 euros per month.

Other expenses, like utilities, are low, too… think 40 euros per month for electric and water… and meals out for two for as little as 20 euros.

It’s also a great place to invest. You could own your own luxury condo here for under 155k euros. It’s a 100% turn-key, fully managed opportunity offering hassle-free annual rental returns of 9% net… and there’s a 10% discount available.

Kotor is in the southeastern corner of the bay. The jewel in its crown is Kotor Old Town, a three-sided walled city of great historical significance that’s widely regarded as the best-preserved medieval town in the Mediterranean.

Q. Is it correct that one cannot obtain a visa in Montenegro unless you start a business or purchase real estate?

A. Montenegro does not offer a specific retirement visa… a work permit or property purchase are the primary routes to residency.

Americans and Canadians can come to Montenegro and stay for 90 days within a 180-day period—without the need for a visa. For longer stays… you’ll need to apply for a temporary residence permit.

Get Your Free Real Estate Report Today!
Simply enter your email address below and we'll send you our FREE REPORT – The World's Cheapest Real Estate Investments In 2025 Revealed
We Value Your Privacy! We will not share your email address with anyone else, period.

You can buy real estate worth any value and be granted temporary residency. This is the best way to get residency in Montenegro. It can be pretty affordable. Real estate can cost as little as 50,000 euros.

Remember: This is a one-off purchase. For comparison—a country such as Ireland requires you to prove income of 50,000 euros per year (and deposit 250,000 euros in a bank) for their retirement visa…

Aside from the real estate purchase, you’ll have to show a clean criminal record, and provide a birth cert and proof of health insurance.

The temporary residence permit is valid for one year and can be renewed. After five years, you can apply for permanent residency.

Q. Can an expat from the U.S. work in Montenegro?

A. Yes, U.S. citizens can obtain work permits for Montenegro. The first step is usually to obtain a residence permit. Visit your local Montenegrin embassy to make this application and ask for advice on the work permit process depending on your situation.

For some visas you will need a letter showing an offer of employment in Montenegro. Alternatively, if you’re looking to work in Montenegro as a digital nomad, you will need to show proof that your employer(s) are not based within the country. You will also need to show a monthly income of around $1,500. This visa allows you to stay in Montenegro for two years and is renewable for a further two years.

Until next time,

Kathleen Peddicord signature

Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Tags: 'best places to retire in the world'best foreign residencyEuropean Unionexpat abroadMontenegro
Share84Tweet53
Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

Get Your Free Real Estate Report Today!
Simply enter your email address below and we'll send you our FREE REPORT – The World's Cheapest Real Estate Investments In 2025 Revealed

We Value Your Privacy! We will not share your email address with anyone else, period.
Our Expertise Unlocks The World

quick links

  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

LIOS Resources

  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs
the 10 best places to retire in 2025
Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE REPORT: The 10 Best Places To Retire Overseas In 2025

We Value Your Privacy! We will not share your email address with anyone else, period.

As seen in

US Media Logos

© 2008 – Live and Invest Overseas™ – All Rights Reserved.

About Us / Contact Us / Privacy Policy / Terms / Unsubscribe
Facebook-f X-twitter Youtube Linkedin-in Instagram

Welcome Back!

Login to your account below

Forgotten Password?
Retrieve your password

Please enter your username or email address to reset your password.

Log In
HOME

Top Countries

  • Spain
  • Portugal
  • Panama
  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
  • Montenegro

Best For:

  • Health Care Abroad
  • Retirement Living
  • Cost Of Living
  • Investing in Real Estate
  • Establishing Residency
  • Gun Ownership
  • English Speakers
  • Safety
BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

Global Living

  • Living & Retiring Overseas
  • Raising A Family Abroad
  • Foreign Residency & Citizenship
  • Offshore & Diversification

Making Money

  • International Real Estate
  • Banking
  • Employment
  • Investing
Meet Our Experts

Real Estate

Overseas Property Alert 

 

How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

VISIT SITE

Buying Real Estate For Cashflow

 

Discover tips and strategies used by global property investing veterans

READ MORE

Explore Our Latest Posts

 

Learn how to invest and purchase property abroad…

EXPLORE

Conferences

Live and Invest In Spain Conference

VALENCIA, SPAIN Sep. 17-19, 2025
Learn More About This Event

Offshore Wealth Summit

PANAMA CITY, PANAMA Oct. 15-17, 2025
Learn More About This Event
PRE-REGISTER

Argentina Workshop

VIRTUAL Nov. 13, 2025
Learn More About This Event
PRE-REGISTER
MORE EVENTS

Contact Our Events Team:

Toll-Free U.S. and Canada:
1 (888) 627 8834

From Outside North America:
1 (443) 599 1221

Working Hours
Monday – Friday 08:00 am – 17:00 pm EST.

Reach us with your questions by email at: events@liveandinvestoverseas.com

Store

Overseas Havens Reports

  • Expats' comprehensive destination guides

Conference Kits

  • Hours of coverage  from our latests conferences

Lahardan Books

  • Titles on living and investing around the world

Services

  • Overseas Living Letter: Affordable Retirement Guidance
  • The Simon Letter: Wealth Protection Insights
  • Global Property Advisor: Global Investment Opportunitites
VISIT OUR STORE

Free Report

THE 10 BEST PLACES TO RETIRE IN 2025

FREE REPORT: The 10 Best Places To retire in 2025

Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

We Value Your Privacy! We will not share your email address with anyone else, period.

LIBRARY

Follow Us:

© 2008 - Live and Invest Overseas - All Rights Reserved.