About Montenegro
The state of Montenegro gained its independence from Serbia in 2006, and since then, the country’s government has focused its efforts and resources on achieving economic growth to reduce unemployment rates and attract direct domestic investment. It has also worked to support the growth and development of the tourism sector, which has become one of the most profitable industries.
Montenegro is located in southeastern Europe, bordered by Bosnia and Herzegovina to the northwest, Serbia and Kosovo to the east, Albania to the south, and Croatia to the west. Its strategic location, along with government policies and its moderate climate, has made it one of the top tourist destinations in Europe.
While Montenegro is not a member of the European Union, it actively works towards joining the EU by 2025 and has adopted the euro as its official currency.
Investing in Montenegro
Investing in Montenegro can bring various benefits to investors, including equal treatment of foreign companies under the law. The country offers a competitive tax system within Europe, with a corporate tax rate of only 9%, allowing companies in Montenegro to benefit from ease of transactions and increased profits.
There are primary options for foreigners wishing to migrate to Montenegro, including:
- Temporary residence permits for those planning to stay for more than 90 days, such as tourists and short-term residents.
- Long-term residence permits represent the main path to residency and citizenship.
- Residency permits, obtained through investment, are obtainable under a specific program.
- Student residence permits are for students seeking residency.
Permanent Residency in Montenegro
Foreign citizens interested in obtaining permanent residency in Montenegro have several options. One of them is the investment residency program, where applicants are required to make contributions to the national economy:
- A minimum of 250,000 EUR in projects in less developed areas of Montenegro.
- A minimum of 450,000 EUR in projects in urban and other advanced areas of the country.
- Payment of government fees amounting to 100,000 EUR, regardless of the chosen option.
Applications for this program were suspended in 2021 due to Montenegro’s planned accession to the European Union in 2025.
Reach Immigration offers the best programs that grant you European residency for you and your family members, and these programs are as follows:
- Permanent residency in Cyprus.
- The Golden Visa program in Greece.
- Residency in Hungary.
- Permanent residency in Malta.
- The Golden Visa program in Portugal.
- The Golden Visa program in Spain.
If you are interested in European residency programs through investment, contact us to schedule a free consultation by clicking on the link here.