We serve you to receive a residence and work permit on the ground of registration of legal entity in Montenegro.
Montenegro offers you distinctive advantages compared to many other European states:
- No visas required for Turkish citizens.
- Montenegro is a candidate member to EU, having closed a considerable number of chapters since the beginning of accession negotiations in 2012.
- Foreigners and citizens are subject to same rights with regards to investments
- Dynamic economic growth and development,
- Euro – € as official and reliable currency
- Fast and easy business start-up
- Authorized capital under the laws of Montenegro may be just 1 €
- Low fees for business registration process,
- Low taxation: 9% income / corporate tax, 19% – VAT
- Residence permit is provided to all business owner applicants
- Unique and close location – Just 1,5 hours away from Turkey.
We provide a full range of legal entity registration and obtaining residence permits.
According the Law on employment of foreigners (Official Gazette of Montenegro #22/08) and Law on work (Official Gazette #49/08, #59/11, #66/2012), work permit is issued by Employment Agency of Montenegro. After that, foreigner can apply residence permit from the Ministry of Interior Affairs.
Temporary resident status – is an immigration status with a certain set of rights on the territory of the country of residence. You and your family can get a residence permit on the ground of registration of legal entities in Montenegro.
Montenegro acquired the status of an independent state only in 2006, so now immigration in Montenegro is relatively easy. However, there is no doubt that with the impending accession of Montenegro to EU, immigration laws will be definitely tightened. Similar examples are: Czech Republic in 2009, virtually stopped issuing business visas to Russians, Hungary began to assess the business and increased significantly the requirements to businesses, many other Eastern European countries also increased the requirements for the business and and evaluation of many issues such as presence in the country, invoice volume etc. As mentioned above, there are no similar problems with immigration in Montenegro at this time, but they are quite predictable and can occur by the accession to the EU.
If you register a company in Montenegro, you are eligible to obtain a residence permit. Permits in Montenegro are given to one-year extension.
We offer a complete package of services for receiving residence permit through registration a company in Montenegro.
Step 1: Decide First, please decide to start! Please review our site carefully and if you have any questions, please contact us. We ask you to proceed with the registration form as the first step to meet with you.
Step 2: Fill out the registration form The form specifies the data that we need to process to be familiar with you prior to our meeting face to face, such as:
Personal and contact informations, main objective of your interest for Montenegro; business, living, etc. & occupation and foreign mobility conditions.
Step 3: Meeting & Agreement
As we receive your registration form, we call and set a meeting with you to settle an agreement on the contract of our services. Once we sign the agreement and receive our service payment from you, we start managing the entire company establishment process in Montenegro for you.
Step 4: Registration of a company and application for Residence Permit
Firstly, if you wouldn’t like to come to Montenegro in person, we need authorization from the founders of the company in the name of our employee to run the entire process.
Secondly, we together decide the name of the company (subject to availability) and Executive Director, (a citizen of Montenegro, or a foreigner with residence permit in Montenegro) together with the legal address of the company in Montenegro. Initially the executive director of the company is supposed to obtain a residence permit to live in Montenegro.
Having received the required documents and information, company is registered in the Commercial Court of Montenegro and to other related government authorities. Then a bank account is opened. Completion of registration takes no more than 7 days.
Required Documents
- Notary approved, certified copies of the passport
- The last graduated school diploma, if university; appendix and transcript, notary approved diploma
- For high school and other schools; notary approved diploma
- Legal and/or criminal record, notary approved
Step 5. Obtaining the work and residence permit
Having completed the registration of the company, next phase is the application for work and residence permit. Permit issuance is usually completed by Montenegrin authorities within 30 days. With your Residence Permit, you’ll no longer be bound by your visa restrictions and can stay in Montenegro as long as you wish.
