Retirement & Benefits Guide · MontenegroRetirement & Benefits Guide in Montenegro
Retirement visas, pensions, and healthcare for retirees
Retirement Visa Program
Temporary Residence Permit for Retirees
Temporary residence permit available for retirees demonstrating stable passive income and health insurance. Valid for one year, renewable; requires proof of income, health coverage, and clean criminal record. No specific minimum income or age published.
Pension System
PAYG system with retirement age at 66 for men and 64 for women by 2028, 15-year minimum contributions. Average pension €293, minimum €145 (2021 data); faces sustainability challenges from low contributors and informal economy.
Pension Adequacy
Low replacement rates with average pension three times below average wage; 12% of pensioners on minimum €145. Supplementary private pensions uncommon, high poverty risk for retirees.
Healthcare Access
Public healthcare system affordable for residents; private options preferred by expats for quality and English services. Retirees advised to secure comprehensive private health insurance.
Cost of Living
Retiree Community
Tax Benefits for Retirees
Standard tax rates apply to foreign pensions and income. No special retiree tax programs or exemptions identified.
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