Montenegro

- Residence Permit 100.000€

by company formation

Montenegro is an official candidate for the European Union. Montenegro is a republic on the south-eastern Adriatic coast in south-eastern Europe. The Montenegrin territory borders Croatia, Bosnia and Herzegovina in the north-west, Serbia in the north-east, Kosovo in the south-east and Albania in the south.

After Montenegro had been part of Yugoslavia for almost 90 years, it became independent again on 3 June 2006. The Balkan state is one of the smaller states of Europe with about 625.000 inhabitants and an area of 13.812 square kilometers. The capital and largest city is Podgorica, the second largest city is Niksic. The main economic sectors are the service sector and tourism, especially on the Montenegrin coast.

A residence permit Montenegro is valid for one year and includes "visa free" travel in the complete Schengen Area, the Bahamas and Ukraine for three months a year.

One year after receiving the residence permit, a Montenegrin citizenship is possible. Requirement for this is a real, verifiable place of residence in Montenegro and a Montenegrin speech test A2.

Passport Qualification Index

Visa-Free Score . 105 Visa-Free . 71

Visa on arrival . 34 Global Rank . 42

Advantages

"Visa Free" travel in the complete Schengen Area, the Bahamas and Ukraine for three (3) months a year
Right to acquire citizenship
High tax advantages, the local profit tax for companies is only 9%
The official currency is EUR (€)
Cost-effective and uncomplicated
Modern banking system and high bank secrecy - no participation in Automatic Information Exchange (AIA / CRS)
The residence permit Montenegro guarantees all advantages with the early accession to the European Union to unique special conditions
Fast processing times - the complete application process takes about 30 days

Requirements

The residence permit is granted in connection with an company formation

Procedure

The applicant has to travel to Montenegro two (2) times, provided that the applicant empowers Onsaemi worldwide with the founding of the company and the opening of the business bank accounts.

On the first trip to Montenegro, the company documents and certificates are accepted and handed over personally to the Ministry of Interior for Residence Permits by the applicant. Private banking accounts are opened by the applicant. A discussion will also be held between the applicant and Onsaemi worldwide to discuss further steps.
On the second trip to Montenegro, the applicant receive the residence permit and work permit. Once the applicant has obtained the residence permit, family members can apply for a residence permit.

Company Establishment in Montenegro

The establishment of the company in Montenegro is required for obtaining the residence permit.

Advantages

Fast processing times - establishment of the company and opening bank accounts takes two days
Low start-up and domiciliary costs
Start-up capital from 1,00 (€) EUR (if desired, a higher amount can be deposit to a blocked account in Montenegro. After the registration and opening of a business account, the bank will transfer the money to the company)
Profit tax only 9%
Loss carry-forward up to five years
Tax exemption up to three years
Spouses and children of all entrepreneurs are entitled to a residence permit

Optional Service

Nominee Service for Directors
Nominee Service for Shareholders

Further Information

In the 9th century, three Serbian principalities were located on the territory of Montenegro: Duklja, roughly corresponding to the southern half, Travunia, the west and Rascia, the north. In 1042, archon Stefan Vojislav led a revolt that resulted in the independence of Duklja from the Byzantine Empire and the establishment of the Vojislavljevic dynasty. After passing through the control of several regional powers and the Ottoman Empire in the ensuing centuries, it became a part of the Kingdom of Yugoslavia in 1918, which was succeeded by the Socialist Federal Republic of Yugoslavia in 1945.

After the Breakup of Yugoslavia in 1992, the republics of Serbia and Montenegro together established a federation as the Federal Republic of Yugoslavia, although its status as the legal successor to Yugoslavia was opposed by other former republics and denied by the United Nations; in 2003, it renamed itself Serbia and Montenegro. On the basis of an independence referendum held on 21 May 2006, Montenegro declared independence on 3 June of that year.