Temporary Residency by Company Formation and Work Permit in Montenegro

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Details

One of the most popular ways to gain residency in Montenegro is to set up a company. This allows a foreigner to gain residency, as well as other important benefits such as personal and business banking, tax registration, and work permit.
To gain temporary residency in Montenegro by registering a company, you will need to hire yourself as the Executive Director.
Until the launch of a Montenegro Digital Nomad Visa happens, starting your own company here is still the fastest and most effective method of becoming a temporary resident of Montenegro.
Thankfully, the Montenegrin government is very proactive in its strategy to grow the economy and the pool of skilled, professional individuals in the country. This is why they have set up the company registration and work permit process to be as straightforward as possible.
With income taxes ranging from 9 to 15%, a minimum salary of 450 Euros and some of the lowest living costs in the Mediterranean, Montenegro is the perfect base for digital nomads and remote workers.
Montenegro is also well on track for become an EU member by 2025, so now is definitely the right time to become a temporary resident here.
A company can be formed in as little as 5 to 7 days and is best done with the assistance of a professional agency or consultant to guide you through the process, especially as all processes take place in the local Montenegrin language.
We can assist you with the whole process of registering a company in Montenegro and the application for residency thereafter.
The whole process of forming a company and applying for a temporary residence permit in Montenegro usually takes between 4 and 6 weeks, depending on a some variables.
We have assisted dozens of individuals and also a number of large companies establish their new base in Montenegro. With our team of skilled and experienced accountants and solicitors, we will ensure that the process is handled smoothly and professionally from start to finish.

Included in this service

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Visa consultation

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Visa help

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Application assitance

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Initial Consultation

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Document Translation

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Accounting and banking setup

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Application fees and taxes

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Accompanied appointments where required

Pricing Breakdown

Price breakdown for all categories of services.

Company Formation and Work Pemit Application

$2200

Frequently Asked Questions

Users ask this questions about this service.

  • While some nationalities can stay in Montenegro visa-free for 90 days, if you are looking for true stability in you digital nomad lifestyle then you likely want to be able to stay in one place for a longer period of time so that you can focus on growing and running your business. The only way to stay in Montenegro for longer than your allowance as a visitor is to apply for a Temporary Residence Permit for Montenegro, or a ‘Dozvola Za Privremeni Boravak.’ This residency permit needs to be renewed annually and after 5 years of continuous temporary residency you are eligible to apply for a permanent residency permit (renewable every 5 years). Other important advantages of temporary residency in Montenegro include better access to banking services, easier movement into and out of the country (think Covid-19), vehicle registration and more.

  • Any foreigner who buys a property or registers a company in Montenegro can apply for a one-year temporary residence permit. the application process does require a criminal record check from your home country, so any existing criminal record could negatively impact your application.

  • According to the law of Montenegro, a person is eligible to apply for residency in Montenegro in the following cases: They have employment in Montenegro Family reunification - The applicant is a dependent of a resident or has dependents in Montenegro Property ownership Opening a company in Montenegro Education in Montenegro Scientific research Medical care Charity work or Humanitarian Missions

  • Our company formation and work permit application service includes all document translation and processing in Montenegro, with the exception of translation and nostrification of your diploma certificates. The Ministry of Education fees for this vary depending on the type of certificates you use.

  • The short answer is, "No". As with any visa or residency application, the final decision for approval or rejection of an application rests with the Montenegrin immigration authorities.
    Our job is to complete the company formation and residency application process in line with Montenegrin law and to ensure that all procedures are followed correctly.

Jonathan

Jonathan H.

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