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Second citizenship, residence permit:

Montenegro

Montenegro is probably one of the most promising countries in the region with numerous advantages: political stability, convenient new business establishment, low taxes both for business and individuals, easiness of obtaining temporary residency, beautiful landscape and climate, visa free entry for the visitors from most of the countries. Moreover the residency in Montenegro may in short perspective become residency in the EU.

"Montenegro is classified by the World Bank as a middle-income country. Montenegro is a member of the UN, the World Trade Organization, the Organization for Security and Co-operation in Europe, the Council of Europe, the Central European Free Trade Agreement and a founding member of the Union for the Mediterranean. Montenegro is also an official candidate for membership in the European Union and official candidate for membership in NATO."  Wikipedia



Obtaining a residence permit in Montenegro

Montenegro current legal framework provides for fast and relatively inexpensive business immigration. The applicant may get a temporary residence permit within 30 days if there is a local company willing to employ him. Such a company can be registered within 7-14 days.

The procedure in whole consists of the following steps:

1. Company registration in Montenegro. The applicant is supposed to become the company employee, e.g. a director.
2. Obtaining a work permit for the employee and registering him with the pension fund, employment bureau, health fund, social security.
When pp. 1 & 2 have been completed the applicant may submit the documents for obtaining a residence permit in Montenegro. Documents processing time is up to 30 days and usually in the end of this term the applicant receives a temporary residence stamp in his/her passport. Residence permit duration is 12 months. If it is renewed for 5 consecutive years without interruption the applicant may apply for permanent residence permit in Montenegro.

The above procedure is workable for the residents of the countries who do not need a visa to enter Montenegro. If you need an entry visa then you would need to have a company registered remotely first. A company can be registered via a Power of Attorney certified at the nearest Embassy of Montenegro.

When you have a company registered in Montenegro you should ask the Embassy for a work visa. The ground for issuing a work visa will be your company where you are supposed to work. You will be able to come to Montenegro once you obtain the visa. We will prepare the documents necessary for the temporary residence permit application then.

Montenegro is one of the few countries - EU candidates left - you can easily visit, set up a business and apply for a residence permit spending rather modest budget.

Having a company enables the company owner to apply for a residence permit in Montenegro. Keeping in mind that Montenegro is on its way to the EU, it certainly is an attractive place for doing business.

Please send us an e-mail if you are interested in Montenegro residence permit.





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Disclaimer

The information given in this site is for information purposes only. It must not be taken as legal, accounting or other professional advice. Anyone seeking to establish an offshore entity or bank account should consult a corresponding professional initially.

This page was updated January 10,'2014