Foreigner shall be granted with permanent residence based on five grounds. Investing in a foreign country is one of the fastest ways to get a residence permit. Being the cheapest Citizenship By Investment program in Europe, Serbia provides the number of reasons for you to join. Besides outstanding locations, thriving real estate market, Serbia can offer great solutions regarding residency. By investment. I also add the most popular solutions for obtaining temporary or permanent residence permits even if they are not organized as official programs. First of all we should explain the permanent residence in Serbia. However, what is different in employing foreign citizens is the condition for approving temporary residence and work permits. Permanent residence is a permit for long-term stay of a foreigner in the Republic of Serbia. Getting Montenegrin Residency by Investment. This means that depending on the condition, the documentation differs both for temporary residence and work permits. AVA Georgia, legally provides diverse services in the field of real estate, investment, and residence in Georgia. The Law regulates three types of residence: (1)Residence up to 90 days, (2)Temporary residence, (3) Permanent residence. Residence Permit for Students . There are only 3 European countries on the list – Montenegro, Malta, and Cyprus. Unlike other temporary residence permits, this one allows you to be outside of Montenegro (at sea, for instance) for up to 90 days per year without a penalty. Well, we know that a temporary residence permit is necessary when foreign national wants to stay in Serbia longer than 90 days in a 6-months period. For example, several European countries offer ‘ Golden Visas ’ that are actually residence permits that you can obtain by investing in real estate, among other things. Visa-free countires. Residence of Foreign Citizens in the Republic of Serbia is regulated by the Law of Foreign Citizens (“Off. Gazette of RS”, No. Permanent residence shall be granted to the foreigners who: This list contains ALL residency by investment programs and retirement schemes and solutions. In case that the financial requirement is too much for you, you can first get a residency by investment and apply for citizenship after a few years. Requirements. During summer 2018, the government announced a Montenegro residency by investment program. If a manager is planning to reside in Serbia for 20 days in a period of 6 months, they do not fulfill the conditions for a temporary residence permit. With a residence by investment program, you are essentially ‘buying’ your second residence by investing in one of the government’s various pre-approved investment options. Serbia Wealth January 20, 2021 November 29, 2019 Serbia Corporate News Legal and tax residence in Serbia for investment into real estate When becoming a legal and tax resident of Serbia, you will gain much easier access to the local banks and acquire new outstanding benefits and wide business as well as personal perspectives. In order to obtain a permanent residence permit, the applicant must obtain the status of a tax resident of Serbia, that is, stay in Serbia for at least 183 days. With a Serbian passport in your pocket, you are able to travel visa-free to over 130 nations - together with your family! The application is filed to the registrar only in person. 97/2008) (Hereinafter: “Law“). To live and work in Serbia, foreign citizens must have an approved temporary residence and work permit. The quality of life is favorable and more than satisfactory with a highly qualified labor force, low cost of living and low operating costs. 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