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MONTENEGRO RESIDENCE PERMIT VIA BUSINESS REGISTRATION

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BENEFITS
  • Legal residence in Montenegro
  • Pleasant climate and clean environment thanks to the Adriatic Sea
  • Eligibility to apply for permanent residence after 5 years of living in the country
  • The right to work and run your own business in Montenegro
  • High level of safety (often rated safer than Spain, the UK, Germany, Sweden, and Italy)
  • Low tax rates (personal income tax from 9% to 15%)
  • Opportunities to expand your business into the EU market
  • Affordable cost of living (typically lower than in Western Europe; a couple can live on under €1,550 per month)
  • Access to free education in Montenegro (ranked among the top 30 countries for education)
  • As a resident, you can apply for Schengen, US, and UK visas from within Montenegro
  • Possibility to open accounts with European banks
  • A resident can bring family members
  • English is widely understood, especially in coastal and tourist areas.
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Montenegro is located at the crossroads of Eastern and Western Europe, giving it a strategic position for business. The Balkans provide access to key sea routes and offer convenient logistics links with other European countries - creating strong opportunities for importing and exporting goods and services.

After 5 years of continuous residence on a temporary residence permit, you may apply for permanent residence. After an additional 5 years, a resident may become eligible to apply for Montenegrin citizenship through naturalization (subject to meeting the legal requirements). A Montenegrin passport is considered especially attractive given the country’s ambition to join the EU and the Schengen Area - if and when this happens, Montenegrin citizens would gain many of the advantages associated with EU membership.

Company registration in Montenegro is fast (around 12 days) and relatively affordable, with minimal ongoing business requirements. A foreign national can register a company in almost any field - from tourism to IT - and may even be the sole employee of the business.

APPLICATION PROCESS
  1. Company registration.
  2. Signing the application, taking a photo, and providing fingerprints.
  3. Submitting an application for a temporary residence permit.
  4. Receiving a Potvrda (confirmation that the documents have been accepted) with an individual reference number at the MUP (Ministry of Internal Affairs).
  5. About a month later, receiving a plastic Boravak ID card.

PROCESSING TIME
2 months

COST
from €2,650
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