Recently, the Bahamian government has cracked down on foreigners using temporary residence permits for years on end. All legal fees and state dues are included also. A critical thing to be mentioned here: a foreigner who founded a company in Montenegro CANNOT obtain a temporary residence permit just because he is the founder of a company. Ivan Petrovic T. +382.20.228.490E. Temporary residence permit allows remaining in the country for up to one year, and its holder cannot leave the country for more than one month in aggregate. In the new version of the Law, the residence permit from the real property possession can be obtained in case if shared ownership is at least 1/2 (Article 56 of the Law). Temporary residence permit (in the local language is called privremeni boravak) allows foreigners to stay in Montenegro for one-year maximum. This way, the residence permit holder will obtain benefits similar to those of Montenegro citizens. According to the Law on Foreigners, British citizens intending to stay in Montenegro for longer than 90 days, must apply for a longer tourist visa or for a temporary residence permit … The work permit is a required document, according to which foreigner may obtain a temporary residence permit for the purpose of employment or work. A temporary residence permit is issued for a period of 12 months, and can be renewed each year. General information Residence permits in Montenegro can be temporary (Boravak) and permanent. Temporary residence permit based on employment shall be issued for a period of 1 year and it can be extended up to 3 years. At the time of submission of the application for temporary residence permit, the validity period of the applicant’s travel document must not be less than one year from the date of submission of the application, plus thirty days. You are only entitled to this residence permit if you fulfil the requirements for this residence permit. After 5 years of permanent residence permit you may apply to become a citizenship of Montenegro. It is allowed to form a company with yourself as the only employee. You can get a residence permit for your spouse and children under 18. (Art. When you have been a temporary resident of Montenegro for at least five years, you can now receive a permanent residence permit. Manufacturing Food Products in Montenegro, New Company vs. According to the above-mentioned Law and Decree, a foreigner who owns real estate on the territory of Montenegro is able to obtain a temporary Montenegrin residence permit, provided that the property in question is an apartment, house, condo, hotel or a restaurant. Beyond allowing non-residents to obtain temporary tax residence on the basis of property ownership, the changes in the legislation are also expected to have a considerable impact on the real estate market in Montenegro. Residence permits in Montenegro can be temporary (Boravak) and permanent. Montenegro offers a low income tax rate (9%), which makes the country very attractive especially for the investors doing international trade. However, if you do need visa to enter Montenegro, you can request a residence permit at the Montenegrin Embassy or Consulate. Thanks to the fact that Montenegro uses euro as official currency, has helped it maintain a steady economy which translates into stability for both employees and company owners. By obtaining this document, you receive all the rights Montenegrins have, except the right to vote. If the documents are accepted, you will, most probably, receive in 30 days temporary residence for 12 months. The first involves buying a real estate. Law on Employment and Work of Foreigners (Official Gazette of the Republic of Montenegro, No. Temporary residence permit for medical treatment in Montenegro can be granted to a foreigner who meets the requirements of the law, and who submits a certificate issued by the health institution where he/she will be treated, including the time required for the treatment, proving the legitimacy of the application for temporary residence. A temporary residence permit can be … Marriage certificate - for family members, 5. will be prepared in Montenegro. any foreign citizen, meaning the citizen of any other state than Montenegro, has the right to apply for residency; a foreign citizen has the right of applying for a temporary or permanent residence visa in Montenegro; the permit holder must have an established place of residence for the duration of the stay; the address of the residence permit holder must be registered with the Permanent Residence Registry in Montenegro. So If you decide to spend more than 90 days in Montenegro over half a year, you need to apply for boravak. For more information and for all your immigration, business and investment needs, you can contact Julie at This email address is being protected from spambots. 1) short term visa or no visa (Montenegro has a number of agreements on visa-free regime with some countries) - up to 90 days; 2) a temporary residence permit (the so-called privremeni boravka, or RESIDENCE PERMIT) -valid for 1 year; 3) permanent residence permit (Stalni boravka or PERMANENT RESIDENCE) - valid for 5 years. So, while you might be able to get a temporary permit for a year or two, you’ll need to make a larger investment – to the tune of $250,000 or more – if you want permanent residence in the Bahamas. The PR permit will allow you to live and work indefinitely in Portugal. This guide will cover the tools you need to figure out Montenegro real estate rentals, … All other documents like medical insurance, company documents, etc. However, if you receive a TRP in connection with the marriage, then the procedure might take up to 30 days. Temporary residency based on ownership of an immovable property 12. Translation of all documents should be done in Montenegro by a licensed translator. - tourist visas under which foreigners can lay the grounds for moving to Montenegro. The process of the obtaining the residence permit includes 2 or 3 phases: The term for the consideration of an application depends on the reason: 20 days for a working permit and 40 days for others. How to getting a residence permit in Montenegro - Types of residence permits in Montenegro: Getting a residence permit by buying a home According to the law, the term foreigner represents a person who is not a Montenegrin citizen, whether he is a citizen of another state or a stateless person, and does not make distinguish bet… When you have been a temporary resident of Montenegro for at least five years, you can now receive a permanent residence permit. This type of residence permit does not give a foreigner the right to work in Montenegro. Our fees are 890 EUR. Irish passport card) and stay without a residence permit for 30 days. Through this program, It is important to know that for the moment, only 2,000 applicants will be admitted to the program. If you're looking to create a business or move to the beautiful Balkan country of Montenegro, you should know the necessary rules and regulations regarding a temporary residence permit in Montenegro. After you've lived in Montenegro for ten years, the foreigner can apply for Montenegrin citizenship (called državljanstvo). So If you decide to spend more than 90 days in Montenegro over half a year, you need to apply for boravak. - citizenship by investment which implies making a significant contribution to the local economy. The permit can be renewed annually. However, while business residency can lead to citizenship after ten years, real estate residency never leads to citizenship – don’t … A Residency permit based on ownership of the real estate shall be issued on one year period and can be extended. Person who intends to work in Montenegro must obtain a temporary residence permit for the purpose of employment or seasonal work, on the grounds of previously issued work permit. First step is getting a Temporary Residence Permit that can easily be renewed every year and after 5 years then you could get a Permanent Residence (stalni boravak) and if you have a property then consider yourself living here permanently. Another important detail is that in every city in Montenegro, local authorities have their additional demands regarding documents required for the residence permit application. There are other ways such as studying in Montenegro but the above two are the most common. Our fees are 890 EUR. Non-EEA nationals intending to reside in the country and work self-employed or establish a business, cooperative or some other legal entity, or as a member of the executive, representative or supervisory board of such entity, are eligible for a Hungarian residence permit. You have received a temporary regular residence permit for a specific purpose. Temporary residence permit for property owners Starting from November 3, 2015 Montenegro has officially implied so-called "golden visa" program for non-residents. The Registry must keep the following information about the holders of, If you are interested in moving here permanently, you can also access the, Our local agents can also help foreign investors who want to, According to the Montenegrin civil law, the, In 2015, the Montenegrin government decided to. Procedure takes 7-10 days and required founding capital is … Minimum Investment: $70,000* Malaysia is one of my favorite countries in Asia, and while the property market is rather… Client signs the working contract with his company, which proves that the … The permit can only be obtained by owners of houses, apartments, commercial units, hotels, restaurants and holiday homes. From residence permit to citizenship. Study – If you are studying in Montenegro, you will be able to get a student residential permit to live in the country. The application for a temporary residence permit has to be submitted with the Montenegrin police, it has to be accompanied by specific documentation and is processed within 30 days from submission. We will be pleased to assist you with obtaining permanent residence in Montenegro. So those who want to live in the EU in the long term, have recently chosen Montenegro. For example, Montenegro has a permissive visa regime which enables the travel of foreign citizens without too many formalities to complete. Temporary residence for employment. In order to apply for temporary residence for 1 year, the property owner should fill in, sign and submit an application for temporary residence permit to … In 20 days the work-residence permit will be ready and the applicant will have to visit the police again in order to collect the temporary ID card. 4 - provided a passport includes a Personal ID number. For instance, you are living with your spouse or partner, or with your parents. The foreign investment legislation favors overseas entrepreneurs through the citizenship by investment program, but also on the fact that when a businessperson decides to open a company in Montenegro outside this program, he or she will benefit from the same treatment as local ones. After a 5 years stay in Montenegro, the temporary residence permit can be exchanged for a permanent one. 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”. After 5 years of temporary residence, you are able to get permanent residence permit. The favorable geographical location that places Montenegro just an hour and a half away from Central Europe and Asia is another reason to decide to move here. Making a permit takes 15 days. 1 - including British passports endorsed British National (Overseas) and British Overseas Territories Citizen, issued to residents of Bermuda. The most popular are given for work (owning a business or employment), family members, if you are a student, if you are a member of a yacht crew or are a yacht owner, and if you own property. The spouse and children under 18 of the holder of a residency permit are also entitled to residency. Temporary residence permit in Ukraine – One of the most attractive grounds for issuing a temporary residence permit is a work permit through company formation (LLC, private enterprise, joint-stock company, and enterprises of organizational legal form) or physical persons -private entrepreneurs. Buying a house in Montenegro All rights reserved. Temporary residence is for 12 months and renewed every year. To buy and rent a house in Montenegro; Buy a house in Montenegro to live sometimes; Buy a house in Montenegro to relocate; When you buy a house you are given a temporary residence permit for 1 year and the session is renewed every year unless you sell the house. - business visas which can be obtained by starting companies in Montenegro. After you incorporate your business with us, you fulfill the country’s requirements for obtaining a temporary residence permit. Temporary residence permitsare issued for more than 90 days on the following grounds: 1. family reunification 2. education (vocational, university, student exchange, etc.) The validity period for a temporary residence permit is 1 year, and it is not renewable. Often compared to, There are several aspects to consider before. 2 - can enter with an ID card (incl. From residence permit to citizenship. 82/08).prescribes the following types of visas: After the 5th year of legal residency, you may apply for a permanent residence permit. Copyright © 2011 - 2021 Company Formation Montenegro. If you plan to be gone for 90 days, it is necessary to inform your immigration inspector. Proof of ownership of the property (List nepokretnosti) that is not older than 6 months 2. Many foreign citizens in search for an European country to relocate take a few moments before deciding for Montenegro as their next destination, as it is not a member of the EU. How To Get Residence Permit in Montenegro? If you purchase a property (dwelling or commercial) you will be entitled to receive a temporary residence permit for 12 months and this residence permit can be renewed. So those who want to live in the EU in the long term, have recently chosen Montenegro. A temporary residence permit has a validity of 5 years. However, Montenegro is currently under the process of becoming an EU country. If you want to leave Montenegro for more than one month in a year, you’ll have to inform your local immigration inspector. If you do not need a visa to enter Montenegro, you can apply for a temporary residence permit at the local police station. Apart from this, there are many other reasons why foreign citizens should choose Montenegro as their country of residence in the near future. Applying for temporary stay. Montenegro Citizenship by obtaining temporary residence. You may obtain temporary residence permit by buying a property or opening up a business. living in Montenegro, residency. How To Get Residence Permit in Montenegro? Temporary residence permit allows remaining in the country for up to one year, and its holder cannot leave the country for more than one month in aggregate. 3. advanced training, professional education or industrial placement 4. scientifi… The procedure takes a while as it requires some paperwork and going through bureaucracy in various government offices. We remind foreign citizens that they need to live in Montenegro for 183 days in a calendar year in order to be considered ta residents here. Temporary residence permit for teaching professions: applicants willing to exercise a teaching profession in an educational or vocational institute or research center can request for a residence permit under Article 90 “following the documents (Checklist). -  the applicant resides in the country, but has submitted an application for a permanent residence; -  the applicant lives in Montenegro for no more than 90 days in a calendar year; -  the temporary residence permit is valid until the date written in the application for the permit. That said, the recent move to allow property buyers to receive a temporary (but renewable) residence permit means that new builds tend to be geared to buyers rather than renters. Also, the, The StartUp Visa scheme is one of the most successful programs launched by many European countries which is also available in Montenegro for some time now. Furthermore, most of its national laws, including those related to taxation, have adhered to more EU directives so that once the country is part of the Union, the transition to be easier. A non-resident, who is doing business in Montenegro or owns real estate in Montenegro, is able to obtain temporary residency permit through simplified procedure and … After 5 years, the foreigner can apply for permanent permission (called stalni boravak). Permanent residence in Serbia can be granted to a foreigner by a relevant authority if one of the following conditions are fulfilled: They have stayed continuously in the Republic of Serbia for a period longer than 5 years – up to the date of submitting the request for permanent residence, by having been granted a temporary residence permit in those 5 years (or more). Recently, the Bahamian government has cracked down on foreigners using temporary residence permits for years on end. Very often, foreign founders of Montenegrin companies hire themselves to their own company as an Executive director and obtain the residence permit as an employee. You need JavaScript enabled to view it. Montenegro, which will soon become an EU member, offers very favorable conditions for foreigners seeking a residence permit. 3. All legal fees and state dues are included also. Montenegro offers a low income tax rate (9%), which makes the country very attractive especially for the investors doing … The recommended for of Company in Montenegro for foreign investors is “Limited Liability Company (LLC)”. After a decade (10 years) living in Montenegro, you can apply for Montenegrin citizenship (drzavljanstvo). While the first condition is mandatory, at least one of the second conditions must be fulfilled. The visa's expiration date depends on the expiration date of your temporary residence permit. Property possession certificate (in the local language called List nepokretnosti) - for owning or renting property in Montenegro. . Work permit is issued by the Employment Bureau of Montenegro. There are no limitations in relation to the value or size of the property. This temporary residence permit can be extended annually and can be obtained only by the following categories of owners: of houses, apartments, Montenegrin companies, hotels, restaurants and holiday homes, regardless of the value of the property or business. When speaking about companies in Montenegro, these benefit from one of the lowest. The Montenegrin Immigration law (Zakon o strancima) provides 13 reasons for obtaining a temporary residence permit. In most cases, you can get a residence permit in Poland for a period of more than 3 months, up to 5 years. A temporary residence permit in Montenegro issued by the Ministry of Internal Affairs, with the prior approval of the police. Montenegro, which will soon become an EU member, offers very favorable conditions for foreigners seeking a residence permit. At the time of submission of the application for temporary residence permit, the validity period of the applicant’s travel document must not be less than one year from the date of submission of the application, plus thirty days. If the other partner is a foreigner, the law allows that partner to obtain a permanent or temporary residence permit in Montenegro. Now all foreign owners of property in Montenegro could apply for temporary residence in Montenegro. We also  invite you to watch a video: Montenegro is one of the most beautiful countries in Europe and the booming economy here is one of the main reasons for working or starting a company here with real chances of success. Property in Montenegro gives the owner the right to apply for temporary residence. Together we will be able to offer you the specialized help you require for your business start-up in Montenegro. The Montenegrin Immigration law doesn’t provide such an opportunity. No criminal record certificate (proof from your country of origin that you do not have a criminal record) – not older than six months, only for adults 16 years and older, 4. We will be pleased to assist you with obtaining permanent residence in Montenegro. •    Proof of property ownership (buying/selling contract); •   A bank receipt attesting a bank deposit of 3,650 EUR into a Montenegrin bank – this amount is considered sufficient funds to remain in Montenegro; •    Valid medical insurance covering a 30 days period; •    Copies of each page of your passport; •    Certificate of no criminal record in your country of origin; •   Proof of registration with the local police in Montenegro – this is compulsory within the first 24 hours after your arrival in Montenegro; •    Education (university, vocational, student exchange); •    Any other grounds stipulated by law or international agreements. Permanent permission is issued for a five-year period, followed by five more years, etc. After you incorporate your business with us, you fulfill the country’s requirements for obtaining a temporary residence permit. A temporary residence permit for employment may be granted for employment as a temporary agency worker, if an employer registered in Estonia operates as an intermediary of temporary agency work and the employer has deposited funds in the amount which constitutes at least ten percent of the payroll. 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”. Kotorska Pašta: Famous Kotor Sweet with Mediterranean Origins, June 3, 2020 - Kotorska Krempita or Kotorska Pašta, as this dish is called among Bokelians, is a sweet pie,…, Ranka Vukasovic Botica on Montenegro as a Maritime Country, Meljine: House with View and Beach in Front, Luxury 3-Bedroom Condo with Sea View in Budva, Consultations with your immigration adviser and collecting all the documents, Applying for the temporary residence permit at the police station and getting your, Finalizing all procedures regarding employment, registration in tax authorities and state medical insurance (except the. This is the list of documents you need to apply for the residency permit: 1. The permit is a small insert into your passport, with which you usually go abroad. This type of residence permit does not give a foreigner the right to work in Montenegro. Temporary residence permit (in the local language is called privremeni boravak) allows foreigners to stay in Montenegro for one-year maximum. If your country is a member of the Hague Apostille Convention and there are not any additional bilateral agreements between your country and Montenegro, you will need an Apostille. Lastly, with a valid temporary residence permit, you can be absent from MNE just one month a year. Finally, when you have the work permit you may apply for temporary residence carrying all supporting documents to the local police station. If you believe that immigration or obtaining a residence permit with a company in Montenegro can help you in your business, please ask for details. Also, Montenegro has already adopted euro as an official currency. -  to donate at least 100,000 euros to the government’s donations fund; -  to invest at least 250,000 euros in real estate in the northern part of the country which is considered underdeveloped; -  to invest at least 450,000 euros in real estate in the southern part of the country which is considered a developed region. Proof of a 3.650 EUR deposit into a bank in Montenegro 3. The documents you need to bring with you to apply for the temporary residence permit are: 1. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). Then you would need to go to the Employment Office of Montenegro in Bar to apply for a work permit. 1. In the case of education, only half of the time spent in Montenegro is calculated. Diploma or another relevant document which proves your education (college, prof.degree, high school)* - for employment, it depends on the municipality in Montenegro where you apply, 3. Alternatively you can incorporate your company without traveling to Montenegro. There are few changes in this part. Person who intends to work in Montenegro must obtain a temporary residence permit for the purpose of employment or seasonal work, on the grounds of previously issued work permit. There are 2 ways which I consider reasonable to get your papers in order in Montenegro. A temporary residence permit can be prolonged for only one year. Buying property in Montenegro - FAQs Documents for the residency permit. Which enables the travel of foreign citizens should choose Montenegro as their country of residence permit your.! The second conditions must be fulfilled British passports endorsed British National ( Overseas ) and permanent are,! Together we will be able to offer you the specialized help you require for your documents temporary residence permit montenegro... Montenegro but the above two are the most common, temporary residence...., apartments, commercial units, hotels, restaurants and holiday homes lived... 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