Residence permit in Montenegro is an official permit to stay in the country, that will enter the EU in the near future. The residence card is issued for a period of up to 1 year the right for the easy and quick extension of the document. The legislation allows foreigners to obtain residency on the grounds of forming a business and official employment in own company as a CEO. The ownership share of the company should be 51% and the authorized capital is only 300 EUR, in addition, there are no requirements for the activities of the established company.
Montenegro is expecting to join the EU by 2025, according to the approved strategy of the European Council - The country's residence permit gives the opportunity to become a resident of the European Union in the future
No requirements for running an active business created in Montenegro.
The registration of a business in Montenegro reduces the tax burden, since the taxation on profit is only 9%.
Easy maintenance of residency status and low cost of doing business.
The spouse and children of the main applicant also get a resident permit.
By extending the residence permit in Montenegro during 5 years, a resident will be able to obtain a Permanent Residence Card.
Free education in Montenegrin universities and obtaining an internationally accredited diploma.
Free medical care, which is not available to non-residents.
Life in a safe and developing country with stable political situation and the opportunity to rest at the best Balkan resorts all year
Formed business in Montenegro
Official employment in the established company as the CEO.
Having funds on a personal account in a bank of Montenegro
Legal age individuals
Registration of temporary place of residence
No criminal convictions for the last six months or more.
Secondary or higher education
01
A valid international passport
02
Proof of address of the place of the residence in Montenegro
03
Statutory documentation of an opened company
04
Bank account statement proving the availability of funds
05
Visa D (if the applicant is not from the CIS)
06
Health insurance policy
07
Certificate of medical examination in one of the clinics in Montenegro
08
Diploma or certificate with paper insert for nostrification
09
Power of attorney (in case of remote company opening)
10
Certificate of no criminal record
Consultation
By submitting a request on the website, a candidate will be contacted by the lawyers of Montenegro Invest, who advise them about how to obtain a residence permit in Montenegro. Migration specialists will help to collect and prepare all the necessary documents for forming a business, opening of bank accounts and obtaining a residence permit.
Company incorporation
It is possible to incorporate a new company personally or remotely. While in Montenegro, the applicant along with assistance of lawyers submits documents, including a copy of passport, company's name and confirmation of its legal address to Central Registry of Commercial Entities. To form a business remotely, the documents should be sent in scan and in hard copy to a trusted licensed lawyer in Montenegro.
Opening a bank account in Montenegro
After business incorporation, it is necessary to open a corporate bank account for a legal entity in a state-accredited financial institution.
Obtaining Temporary Residence Permit
The applicant for temporary residence by business, accompanied by lawyers, submits documents to the Immigration Department of the Montenegro Police and submits biometric data (photo, fingerprints, signature). After checking the dossier, the entrepreneur receives an ID-card of temporary residence permit with a validity period of 1 year.
In order to extend the residence permit the entrepreneur only needs to comply with the requirements of Montenegrin legislation and regularly pay the salary to the director of the established company. Since the director of the company is a resident him/herself, they just need to transfer money to their personal account.