Residence permit by real estate investment

Permanent Residency Through Real Estate

One of the best and easiest ways to obtain a residence permit in Serbia is real estate investment.

One of the advantages of investing in real estate in Serbia is the fact that there is no minimum amount required, so you can buy any property and still apply for residency.

However, there are certain conditions that foreigners have to meet in order to purchase real estate in Serbia. The reciprocity principle is the general rule that governs property and property rights acquisition in Serbia.

Although the procedure seems very simple, there can be various complications and hidden pitfalls when buying a property in Serbia, so it is very important that you have full support throughout the process.

Our service for assistance with the residence permit process through the purchase of real estate includes as follows:

1. Purchasing a Property

• Checking the legal clearance of the selected property and checking with the competent registry,
• Legal assistance in the process of drawing up a sales contract,
• Legal assistance in the process of special contracts certification and applications with a competent notary,
• Assistance with the payment process according to local legislation and arrangements,
• Correspondence with realtors and the seller,
• Support for tax payment to the local tax office,
• Support in registering property with the competent registry,
• Registration with the tax office,

2. Personal Account in Serbia

• Banks advise you to open personal accounts in person and we can arrange for you to visit us for 1-2 working days in order to settle all matters on the spot (if necessary we can discuss the option of submitting documents for opening by power of attorney),
• Foreign currency accounts can be opened and the vast majority of banks can order Master/Visa cards with support for internet payments,
• Internet banking can be used to monitor funds in the account, but bank (wire) orders can only be given in person or by power of attorney, but in any case at the bank (currency control regulations for personal accounts of non-residents).

3. Permanent Residency

• Assistance and compliance with the process of sending funds to accounts in Serbia required for proof of economic sustainability (€1,500 required),
• Assistance in registering the applicant’s registered office at the police station,
• Preparation of the documents required to obtain a visa,
• Engaging a certified and authorised lawyer in the residence permit procedure before the Department for Foreigners of the Ministry of the Interior,
• Interpretation by a certified court interpreter in front of the Department for Foreigners of the Ministry of the Interior (interview),
• The applicant’s CV translation.

You can find out how the whole process looks like in the eyes of our clients from their interviews:

Serbian Residency by real estate purchase for a Russian family of three – Case study