Residence Permit in Montenegro

Foreign property buyers are able to obtain a one year residency permit based on the ownership of a property in Montenegro regardless of its value. The permit can be renewed annually.
The permit can only be obtained by owners of houses, apartments, commercial units, hotels, restaurants and  holiday homes. Ownership of a plot of land, ruin or non residential building would not qualify for the temporary residential permit. You can find the information on what documents are required here.