Emigrate to Montenegro: Residence Permit & Tax Residency Guide

How to Emigrate to Montenegro and obtain a Residence Permit with Tax Residency

Table of Contents

Excellent
Based on 9 reviews
Erik Evrard
Erik Evrard
2024-02-22
Absolutely excellent service! A friend of mine referred me to Montenegro Digital Nomad Agency. I happened to be in nearby Dubrovnik and quickly arranged a meeting in Montenegro. I received very clear and transparent information about setting up a company in Montenegro, the tax benefits, and everything else involved. I decided to take that route, and the agency assisted me in the best possible manner. Dealing with notaries, the city council administration, a bank, and the tax office is all complex, especially when you don't speak the language, but there wasn't a single moment when I had to worry. At every crucial moment, I was accompanied by someone who advised me on what to do next, and I never felt overwhelmed by any red tape. The fees that the agency charges are very reasonable, especially in comparison with the value offered! I'm a very, very happy camper, and warmly recommend them to everyone else interested in setting up their own business in this tiny but beautiful country! Erik
Marty White
Marty White
2024-02-05
We were deciding between Corfu-Greece, Calabria Region-Italy, Dubrovnik-Croatia and Montenegro. All of these places were nice but it was the customer service from Jonathan and the exceptional customer service received from the Montenegro Digital Nomad Agency! This was a major life event change and we were very scared of the many unknowns associated with moving to another country to live and start a business. I'm embarrassed to say that we bombarded Jonathan and the team with so many questions, and they patiently answered them. Honestly, there were times when they could not drop everything to answer some questions, but they would tell us that they would research and get back to us in a timely fashion, and they did. Other countries that were mentioned above were slow to respond or would not even answer our questions unless you paid a deposit, or have already received your proof of retirement from either the United States Social Security Department or the United Kingdom's HRMC Department, or that you already received your FBI Apostille documents. The team assisted with a brief background of each of the main cities to help us determine the best location for our needs. Knowing which locations were more for the late-night parties versus us seeking a more family environment, helped in finding the correct home for our needs. All this before assisting in completing the required Montenegrin documents for our resident permits. We stayed 3 days during Christmas time to determine how the winters were here. We already knew we loved the spring and summer months. It was not crazy cold like other parts of Europe. It felt slightly colder than California but nowhere near a London, England winter. If you come for a few days to visit you should already be prepared to look for a place to live. It will be very helpful to secure a lease before returning home. Securing our first apartment here before returning home was extremely helpful and expedited the relocation process with the movers. The movers will negotiate a price with you if they know you are serious and already have the ship-to address. Happy to say that the whole process of moving and receiving approval for our resident permits just took 88 days. It was nice to stop having to pay the weekly Montenegrin Travel for our 90 day US passport stay. The main hold-up was not the fault of the team. It was receiving our FBI Apostille documents back in a timely fashion. Once you made the major decision to relocate but may not have decided on your final destination. I highly recommend starting the process of receiving your hard copy FBI Apostille and if you are married get your Marriage Certificate Apostille. We made the mistake of doing this within the 90-day visa stay in Montenegro and received the documents way later than we were promised by vendor. The team assisted in suggesting the best method to relocate my household items from the United States. Their team is highly responsive and consistently goes the extra mile to ensure customer satisfaction. Once we received our Residence Permits, Djordje, and the team assisted with gaining approval at the bank for us to receive our corporate bank account, personal checking accounts and, credit cards. Special thanks to Jonathan, Djordje, and the support team for their unwavering assistance in promptly addressing any doubts in providing timely updates. Delighted to report that both the boxes and the TV arrived in excellent condition. Highly recommend Montenegro Digital Nomad Agency for their efficient, one-stop shopping and customer-centric approach! Thank you!!!
T & C
T & C
2024-02-03
Montenegro had a special appeal to us and we wanted to obtain a resident permit. Jonathan’s firm was our best choice after several enquiries we decided to engage with Jonathan. Montenegro is a small country with lots of advantages and challenges, especially for non-European nationalities and during extraordinary COVID times Jonathan, along with his professional legal and accountable team, was able to navigate the legal framework and help us obtain residence permits successfully by resolving issues along the way. We highly recommend Jonathan to anyone who may be interested in Montenegro.
Anastasiia Gabuzova
Anastasiia Gabuzova
2024-02-01
Great experience with business opening and all the troubles with residency permits – we are pleased to work with Jonathan and his company
Svein Tjelta
Svein Tjelta
2024-01-31
Montenegro Digital Nomad Agency is a must know for anyone wanting to know Montenegro as newcommer. To reasons for that: 1.The wast nettwork it offers for help on every problem you stumble upon public or privat. 2. The professional trust and care that is the trade mark for this compani. I have received help on numerous occations and no problem are to big or to smaal for them. Its the best investment you can do to get on with life in Montenegro.
Sofya Aksenova
Sofya Aksenova
2024-01-30
We had a great experience dealing with Jonathan! nice website, clear information with all the details, punctuality and friendly communication!
Yuri Nakshin
Yuri Nakshin
2024-01-30
Absolutely awesome experience with Jonathan. Held my hand during the whole pretty cumbersome process of buying an apartment in the Kotor area. He knows alls ins and outs and all the right people. Highly recommend his services to anybody who needs anything in Montenegro
Al Laycock
Al Laycock
2024-01-30
I worked with Jonathan and team to establish a UK-owned company in Montenegro. He was helpful, proactive and a very valuable guide to navigating the business and regulatory landscape in the country for both immigration and visa issues and company formation. Highly recommended!
Imran Salahuddin
Imran Salahuddin
2024-01-30
I had a positive experience with the Montenegro Digital Nomad Agency. Their service is highly professional, and they demonstrate an excellent response time. Moreover, their transparency throughout the process was greatly appreciated. I would recommend their services to fellow digital nomads without hesitation.
Dasha Evstegneeva
Dasha Evstegneeva
2024-01-30
Having a residency in another country seems like chaos dealing with different papers. Here I didn't have to worry about it at all, I was just following instructions!
An image of monastery on a small island in Boka Bay Montenegro

Emigrate to Montenegro in 2024 – Residence Permit and Tax Residency

Image of a small fishing boat on Boka Bay in Montenegro at sunset

Emigrate to Montenegro in 2024 – Residence Permit and Tax Residency

Are you looking to immigrate to Montenegro?

  • Proof of property ownership.
  • Bank receipt showing deposit of 3,650 EUR in a Montenegrin bank.
  • Medical insurance for a 30-day period.
  • Passport copies
  • Proof of a clear criminal record from the home country
  • Registration with local police within 24 hours of arrival in Montenegro
  • Payment of the 25 EUR residency permit fee.
  • Salary up to EUR 700 (gross), are exempted from tax
  • Salary ranges from EUR 701 to EUR 1000 (gross), and are subject to 9% taxes.
  • All salaries above EUR 1001 (gross), are subject to 15% tax.

“One of the most significant changes in 2022 will be the introduction of a new income tax rate for entrepreneurs.

  • Taxes apply to all amounts between EUR 8,400.01 and EUR 12,000, except EUR 12,001.
  • A 15% tax is applicable for purchases above EUR 12,000.01.

Corporate Income Taxes for Montenegro
Montenegro’s progressive corporate profit tax (CPT) applies to all entities. The tax rate applicable depends on taxpayers’ realized profits. Tax rates range from 9% to 15%. These are the progressive tax rates:

  • The tax rate for profits up to EUR 100,000 shall be fixed at 9%
  • The tax will be payable on profits between EUR 100,000.01 and EUR 1,500,000 in the amount EUR 9,000 + 12% for profits above EUR 100,000.01.
  • For profits exceeding EUR 1,500,000, tax will be payable in the amount EUR 177,000 + 15% for profits above EUR 1,500,000.

Resident taxpayers pay tax on worldwide profits. Non-resident taxpayers pay tax on income from Montenegro or income attributable to their Montenegrin permanent institution (PE). Montenegrin-sourced income is subject to withholding tax (WHT), which is also applicable to non-residents.
(There are additional details about the Montenegro regulation of income taxes for domestic and foreign income that are beyond the scope of this article.

A chart showing the personal and corporate income tax rates in Montenegro, compared with other countries

Chart: Montenegro Personal and Corporate Income Tax Comparison Chart

An image of the view across Boka Bay and the mountains on a perfect day in Montenegro

Emigrate to Montenegro in 2024 – Residence Permit and Tax Residency

A table showing the cost of living in Montenegro compared with the cost of living in other well known locations.

Table: Cost of Living in Montenegro

How much does it cost to rent an apartment in Montenegro? (2024)

  • €375 (Euros) per month for a studio apartment
  • €500 to €700 (Euros) per month for a 1 bedroom apartment, 35 to 70 square meters
  • €650 (Euros) + per month for a 2 bedroom apartment, 65 + square meters
  • €900 to €1300 (Euros) + per month for a 3 bedroom apartment, 70 + square meters

How much do electricity bills cost in Montenegro? (2024)

What is the cost of food and groceries in Montenegro?

What is the cost of private healthcare in Montenegro?

Is Montenegro a good country for retirement?

Crime and Safety in Montenegro – Is Montenegro a safe country?

Image of Njegosh Mausoleum on Mount Lovcen in Montenegro

Emigrate to Montenegro in 2024 – Residence Permit and Tax Residency

Excellent
Based on 9 reviews
Erik Evrard
Erik Evrard
2024-02-22
Absolutely excellent service! A friend of mine referred me to Montenegro Digital Nomad Agency. I happened to be in nearby Dubrovnik and quickly arranged a meeting in Montenegro. I received very clear and transparent information about setting up a company in Montenegro, the tax benefits, and everything else involved. I decided to take that route, and the agency assisted me in the best possible manner. Dealing with notaries, the city council administration, a bank, and the tax office is all complex, especially when you don't speak the language, but there wasn't a single moment when I had to worry. At every crucial moment, I was accompanied by someone who advised me on what to do next, and I never felt overwhelmed by any red tape. The fees that the agency charges are very reasonable, especially in comparison with the value offered! I'm a very, very happy camper, and warmly recommend them to everyone else interested in setting up their own business in this tiny but beautiful country! Erik
Marty White
Marty White
2024-02-05
We were deciding between Corfu-Greece, Calabria Region-Italy, Dubrovnik-Croatia and Montenegro. All of these places were nice but it was the customer service from Jonathan and the exceptional customer service received from the Montenegro Digital Nomad Agency! This was a major life event change and we were very scared of the many unknowns associated with moving to another country to live and start a business. I'm embarrassed to say that we bombarded Jonathan and the team with so many questions, and they patiently answered them. Honestly, there were times when they could not drop everything to answer some questions, but they would tell us that they would research and get back to us in a timely fashion, and they did. Other countries that were mentioned above were slow to respond or would not even answer our questions unless you paid a deposit, or have already received your proof of retirement from either the United States Social Security Department or the United Kingdom's HRMC Department, or that you already received your FBI Apostille documents. The team assisted with a brief background of each of the main cities to help us determine the best location for our needs. Knowing which locations were more for the late-night parties versus us seeking a more family environment, helped in finding the correct home for our needs. All this before assisting in completing the required Montenegrin documents for our resident permits. We stayed 3 days during Christmas time to determine how the winters were here. We already knew we loved the spring and summer months. It was not crazy cold like other parts of Europe. It felt slightly colder than California but nowhere near a London, England winter. If you come for a few days to visit you should already be prepared to look for a place to live. It will be very helpful to secure a lease before returning home. Securing our first apartment here before returning home was extremely helpful and expedited the relocation process with the movers. The movers will negotiate a price with you if they know you are serious and already have the ship-to address. Happy to say that the whole process of moving and receiving approval for our resident permits just took 88 days. It was nice to stop having to pay the weekly Montenegrin Travel for our 90 day US passport stay. The main hold-up was not the fault of the team. It was receiving our FBI Apostille documents back in a timely fashion. Once you made the major decision to relocate but may not have decided on your final destination. I highly recommend starting the process of receiving your hard copy FBI Apostille and if you are married get your Marriage Certificate Apostille. We made the mistake of doing this within the 90-day visa stay in Montenegro and received the documents way later than we were promised by vendor. The team assisted in suggesting the best method to relocate my household items from the United States. Their team is highly responsive and consistently goes the extra mile to ensure customer satisfaction. Once we received our Residence Permits, Djordje, and the team assisted with gaining approval at the bank for us to receive our corporate bank account, personal checking accounts and, credit cards. Special thanks to Jonathan, Djordje, and the support team for their unwavering assistance in promptly addressing any doubts in providing timely updates. Delighted to report that both the boxes and the TV arrived in excellent condition. Highly recommend Montenegro Digital Nomad Agency for their efficient, one-stop shopping and customer-centric approach! Thank you!!!
T & C
T & C
2024-02-03
Montenegro had a special appeal to us and we wanted to obtain a resident permit. Jonathan’s firm was our best choice after several enquiries we decided to engage with Jonathan. Montenegro is a small country with lots of advantages and challenges, especially for non-European nationalities and during extraordinary COVID times Jonathan, along with his professional legal and accountable team, was able to navigate the legal framework and help us obtain residence permits successfully by resolving issues along the way. We highly recommend Jonathan to anyone who may be interested in Montenegro.
Anastasiia Gabuzova
Anastasiia Gabuzova
2024-02-01
Great experience with business opening and all the troubles with residency permits – we are pleased to work with Jonathan and his company
Svein Tjelta
Svein Tjelta
2024-01-31
Montenegro Digital Nomad Agency is a must know for anyone wanting to know Montenegro as newcommer. To reasons for that: 1.The wast nettwork it offers for help on every problem you stumble upon public or privat. 2. The professional trust and care that is the trade mark for this compani. I have received help on numerous occations and no problem are to big or to smaal for them. Its the best investment you can do to get on with life in Montenegro.
Sofya Aksenova
Sofya Aksenova
2024-01-30
We had a great experience dealing with Jonathan! nice website, clear information with all the details, punctuality and friendly communication!
Yuri Nakshin
Yuri Nakshin
2024-01-30
Absolutely awesome experience with Jonathan. Held my hand during the whole pretty cumbersome process of buying an apartment in the Kotor area. He knows alls ins and outs and all the right people. Highly recommend his services to anybody who needs anything in Montenegro
Al Laycock
Al Laycock
2024-01-30
I worked with Jonathan and team to establish a UK-owned company in Montenegro. He was helpful, proactive and a very valuable guide to navigating the business and regulatory landscape in the country for both immigration and visa issues and company formation. Highly recommended!
Imran Salahuddin
Imran Salahuddin
2024-01-30
I had a positive experience with the Montenegro Digital Nomad Agency. Their service is highly professional, and they demonstrate an excellent response time. Moreover, their transparency throughout the process was greatly appreciated. I would recommend their services to fellow digital nomads without hesitation.
Dasha Evstegneeva
Dasha Evstegneeva
2024-01-30
Having a residency in another country seems like chaos dealing with different papers. Here I didn't have to worry about it at all, I was just following instructions!

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