What you need to know about Montenegro

What you need to know about Montenegro

Montenegro is generally a good place to do business with various advantages, but of course, it is not perfect. For example, it is easy to set up a business, and there are no entry barriers for foreign individuals or companies. Additionally, there is national treatment for foreign company owners in Montenegro, meaning they have the same rights as local citizens. In addition to being able to fully own a company in Montenegro, foreigners also have the right to own property indefinitely. As a result of its open economy policy, there are over 13,000 foreign-owned companies in Montenegro, with owners from over 100 different countries.
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How can I get a temporary residence permit in Montenegro?

You can obtain a temporary residence permit based on several grounds. The primary grounds are employment (including company ownership if you are the CEO), property ownership (excluding land), family reunification (for spouse and children only), secondary education, participation in international student exchange programs or other youth programs, specialization or practical training, scientific research work, medical treatment, humanitarian reasons, and performing religious services. Therefore, if you meet one of these conditions, you will need to provide specific documents and apply for your residence permit before your visa or visa-free stay expires.

 

Does Montenegro have a special program for Digital Nomads?

Yes, Montenegro offers a visa and residence permit for digital nomads. The basic requirements are to be employed by or own a foreign company and to have a monthly income of at least €1,350.00.

Can I get married in Montenegro as a foreigner?

Yes, you can get married as a foreigner, whether your spouse is a foreigner or a local. You will need to provide some documents from your home country, but you should not face any issues. Note that marriages of convenience for citizenship or residency are illegal.

How can I get a copy of my property title deed (list nepokretnosti) in Montenegro?

You need to file a request at the cadastre in the municipality where your property is located. You will need to pay €2.00 to the bank account 832-1082-55 (Budget of Montenegro) and €3.00 to the bank account 832-1081-58 (for the Montenegrin Real Estate Registry) and bring the payment receipts and a copy of your passport to the cadastre to file the request.

Is my driver's license valid in Montenegro?

Yes, your driver's license will be valid in Montenegro. You can use an international driver's permit alongside the driver's license from your home country. Furthermore, if you have temporary or permanent residence in Montenegro, you must exchange your license for a Montenegrin one. In this case, you do not need to take a driving test, as the information from your existing license will simply be transferred to the Montenegrin license.

If my child goes to school in Montenegro, can I get a residence permit?

A residence permit for education or student exchange applies only to the student. Therefore, as a parent, you cannot obtain a residence permit on this ground.

Can I get an extension for my 90-day stay in Montenegro?

No, the only way to stay longer is to apply for temporary residence based on employment, property ownership, or another valid purpose.

Is Montenegro vegan/vegetarian-friendly?

Although many people may not perceive it as such, Montenegro is a vegan and vegetarian-friendly destination. In fact, many Montenegrin national dishes are vegetarian. When it comes to vegan food, you have special food sections in large supermarkets. And more and more restaurants are offering vegan menus.

Can I bring my pets to Montenegro, and what documents do I need for them?

You can bring your pets with the proper documentation for a border crossing. First, the pet must be older than three months and have a pet passport. You need proof that the pet has been vaccinated against rabies. Also, your entry date cannot be earlier than 21 days from the vaccination date. You will also need a rabies antibody titration test at least 30 days after vaccination and no more than three months before your entry into Montenegro. Furthermore, proof that the pet has been treated for Echinococcus multilocularis upon entry is required. And you will need to present a veterinary certificate from your home country about your pet's general health.

Housing and Accommodation in Montenegro

Are there any restrictions for me to rent a property?

No, as a foreigner, you can rent any property you wish.

How can I rent a property in Montenegro, and what fees will I pay?

If you want to rent an apartment, you as a tenant are usually not charged any fees other than the monthly rent. Intermediaries usually get their fees from the landlord, who also pays taxes, if any. However, utilities are usually not included in the rent, so you will pay for them separately. In addition, the usual standard is a one-month rent deposit, which you pay upfront, and the landlord returns it to you when you move out if everything is in order with the apartment.

Is it better to get a house or an apartment in Montenegro?

This really depends on your personal preference. Montenegrin cities are not large, so owning a house does not mean you will need a lot of time to get to the city. If you want to have a backyard and garden, we recommend the wider area of Podgorica, but you can also do it on the coast, though at a much higher price.

Can I buy property in Montenegro?

Yes, as a foreigner, you can buy and own property in Montenegro, which means there are no time limitations. The only exemption is agricultural land, where you cannot own more than 5,000 m².

What fees do I pay if I buy property in Montenegro?

When buying a property, you pay the property transfer tax, which is 3% of the real estate price. However, if you are buying a newly built apartment, in this case, you are required to pay VAT, which is 21% as a standard. As a buyer, you usually do not pay an agent's fee, as their commission is covered by the seller. Also, it is common for the buyer to pay the notary fee, but sometimes the buyer and seller split it.

What is the Climate like in Montenegro?

The climate in Montenegro is a combination of Mediterranean and continental climates. Summers are warm, and winters are mild in the central and coastal regions, rarely dropping below 0°C. In the northern part of the country, which is dominated by mountains, winters are colder with plenty of snow. There are many sunny days in the south, and spring and autumn are usually warm and sometimes quite dry. In short, you will use your sunscreen and sunglasses much more often than your umbrella.

Health and Insurance in Montenegro

As a foreigner living in Montenegro, we recommend one of the private health insurance packages offered by local companies. We work with well-known insurance houses and private clinics with high standards. If you have a specific problem or just want to have a routine check-up, we can recommend a clinic. Montenegro is also known for having excellent dentists with very affordable prices by Western standards, so do not hesitate to make an appointment if needed.

Schools and Education in Montenegro

Montenegro relies largely on public education for primary and high schools, as well as universities. However, there are a few private institutions that offer every stage of education in English. Feel free to contact us for more information.

Sports and Recreation in Montenegro

Montenegro is a great place for individual or group sports activities. Gyms are literally on every corner, often with personal trainer options. There are also various courts and clubs, so you can play football, basketball, tennis, or table tennis on open or closed courts. There is also a wide variety of clubs and schools for your children, such as handball, volleyball, water polo, karate, judo, and taekwondo. Personal trainers are available for recreational or professional athletes. If you are into more extreme sports such as climbing, mountaineering, biking, or canyoning, you can get in touch with some clubs or guides that can help you. Yoga teachers are also available. Sailing, kayaking, and diving are also part of the offers our partners have.

Personal Development in Montenegro

Personal development and mental health are always important, but even more so during and after the pandemic. Whether you want to learn a new skill or just improve your emotional intelligence, you can find the right professionals in Montenegro to help you.

Administration in Montenegro

We would really love to say that the Montenegrin administration is a piece of cake, but you probably know how bureaucracy is. Luckily, it is not extremely complicated. To start with, be prepared to have your foreign documents translated by a licensed translator and notarized. In some institutions, people speak English, but in some, you will need someone who speaks Montenegrin. Some procedures are very simple, while others require a bunch of documents and visiting several counters.

Montenegro is generally a good place for doing business with various advantages, but of course, it is not perfect. For instance, it is easy to set up a business, and there are no entry barriers for foreign individuals or companies. Also, there is a national treatment of foreign company owners in Montenegro, which means they have the same rights as domestic citizens. In addition to fully owning companies in Montenegro, foreigners have indefinite property ownership. As a result of the open economy policy, there are more than 13,000 foreign-owned companies in Montenegro with owners from over 100 different countries.

Montenegro is a parliamentary democracy and a safe and stable society. The government is business-oriented, with an emphasis on economic development and improving the quality of life. The country is a NATO member since 2017 and the leading European Union candidate. Also, Montenegro is a member of the WTO, as well as the CEFTA trade agreement.

Montenegro has low corporate tax rates, although they have increased since January 2022. Also, foreign-owned companies can benefit from various business and tax incentives. However, the banking system is a bit strict. The Montenegrin economy is largely based on tourism, so there are periods of low and high liquidity. When it comes to administration, Montenegro is not the best, but also not the worst. You will find some procedures very easy, but some will be long and require a bunch of unnecessary documents. Although Montenegrin laws have the same principles as EU regulations, sometimes you might find some inconsistencies in the regulations.

What you need to know about Montenegro

There is a lot of information available online about living in Montenegro, but we understand that sometimes you need answers to specific questions. That is why we have compiled a list of the most frequently asked questions we receive from visitors to our website and our customers.

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