Agenda: General Overview: Residency in Montenegro Temporary residency based on employment Temporary residency based on ownership of immovable property Tax Residency Tax regime

1. Everything you need to know about
residency in Montenegro
Ivan Petrovic, Country Director
Ivan.Petrovic@eurofast.eu

2. ▪General Overview: Residency in Montenegro
▪Temporary residency based on employment
▪Temporary residency based on ownership of
immovable property
▪Tax Residency
▪Tax regime
AGENDA

3. RESIDENCY IN MONTENEGRO
The residency of a foreigner in Montenegro pursuant to the
provisions of Foreigners Law includes:
– Stay of up to 90 days;
– Temporary residence;
– Permanent residence.
General Overview
Montenegro

4. • Short term visa shall be issued for tourist and other type travels, for a
single or multiple entries into the territory of Montenegro, and for an
uninterrupted stay or the total duration of successive stays that shall not
exceed 90 days within a period of 180 days, counting from the date of the
first entry.
A multiple-entry visa for a short stay (C Visa) shall be valid for not longer
than one year.
• Long term visa - The visa for a long-term stay (D Visa) shall be issued to a
foreigner who has an intention to stay in Montenegro for a period longer
than 90 days, for performance of business activities or work, but not
longer than 180 days within one year counting from the date of first entry.
The visa for a long-term stay (D Visa) shall be issued for one or multiple
entries into Montenegro.

5. TEMPORARY RESIDENCE
Temporary residence may be granted to a foreigner intending to stay in Montenegro
for a period longer than 90 days for the purpose of:
» Family reunification;
» Secondary education or study;
» Participation in programs of international student exchanges or other programs
for the young;
» Specialization, vocational training and practical training;
» Scientific research work;
» Medical treatment;
» Humanitarian reasons;
» Disposal of immovable property owned in Montenegro;
» Conducting religious services;
» Work;

6. Temporary residence permit includes Work permit as well, so there is no separate
procedure for Work permit.
Main obstacle for issuing of the work permit (and at the same time the residency) is
the confirmation from the Employment Bureau that there are no unemployed
persons eligible for employment for the job in offer, or any persons registered with
the Employment Bureau that refused employment on these positions.
Employment Bureau is very restrictive on issuing this confirmation.
Temporary residency based on
employment

7. Exceptionally, this restriction shall not apply to the employment of the
executive director of a foreign company registered in Montenegro.
Procedure of applying for Temporary Residence permit when nonresident
person is Executive Director require following documents:
• Certificate of Company Registration
• Statement of Clear Criminal Record issued by the relevant institution in the
country of origin (translated into Montenegrin language)
• Proof of residency address – (Rental agreement of apartment followed by
Cadastral Certificate for the apartment)
Temporary residency
based on employment

8. • Proof of sufficient funds for financing the basic needs of the person at the level
of €10 per day (Bank statement confirming that there is a total of €3,650. in the
account of the applicant) or Proposal of Labor Agreement with minimum salary
of €300 net
• Proof of mandatory health insurance issued by a local insurance company
• Proof of good medical condition issued by an authorized policlinic in
Montenegro
• University or High School diploma – verified by Montenegrin Ministry of
Education (for diploma verification process, it is necessary to submit an original
diploma with the list of subjects and grades)
• Copy of passport (passport has to be valid through the full time of residency to
be granted)
Temporary residency
based on employment

9. In situations when founder of the company in Montenegro is an individual (not a
legal entity) the below listed required to be provided as well:
Statement of Bureau of Employment that there are no unemployed persons on
the evidence of Bureau of Employment with qualifications that employer requires
for Executive Director.
The individual has to be present in Montenegro two times within one month: (1) at
the moment of submission of temporary residence request and (2) at the moment
of receiving Statement of Granted Temporary residence.
Timeline for submission of the application for temporary residence is
seven days upon company incorporation.
Temporary residency
based on employment

10. Temporary residency based on ownership of an immovable property
Criteria for immovable property – there is no limitation in value or size
of the property. The only set criterion is that it should be apartment,
house, condo, hotel or restaurant.
Required documents for temporary residency request:
• Proof of sufficient funds for financing the basic needs of the person at
the level of €10 per day (Bank statement confirming that there is a total
of €3,650. in the account of the applicant)
• Proof of residency address – (Rental agreement of apartment followed by
Cadastral Certificate for the apartment)
• Proof of mandatory health insurance issued by a local insurance company

11. • Copy of passport (passport has to be valid through the full time of residency to
be granted)
• Statement of Clear Criminal Record issued by relevant institution in the country
of origin (translated into Montenegrin language)
• Cadastral Extract (Certificate of Ownership of an immovable property)
Temporary residence shall be issued for a period of up to one year and can be
extended.
Temporary residency based on
ownership of an immovable property

12. Tax residence
Conditions for tax residence:
• Temporary residence permit – minimum 183 days to be spent in Montenegro; or
• Permanent residency and “center of vital interests”.

13.  Personal income tax 9%;
 Corporate income tax 9%;
 Withholding tax:
Dividends 9%
Royalties 9%
Interests 9%
 Capital gains 9%
 VAT 19%, reduced rate 7%.
Montenegrin tax regime is one of most
competitive in Europe

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