Permanent Residency in Montenegro: A Guide for Entrepreneurs and Business Owners

Imagine that after years of investment, effort, and running your business in Montenegro, you finally gain the right to stay here permanently. Obtaining permanent residency is not just an administrative formality – it is confirmation that you have found a home in Montenegro and a safe place for your business to grow.

WHO CAN OBTAIN PERMANENT RESIDENCY?

The right to permanent residency is granted to foreign citizens who have had continuous temporary residence in Montenegro for the past five years.

This right especially applies to:

• Entrepreneurs
• Executive directors who are the sole owners of a company or hold more than 51% of its capital

If this description fits you, you meet the basic requirement to begin the process.

REQUIREMENTS FOR OBTAINING PERMANENT RESIDENCY

To be granted a permanent residence permit, you need to provide the following documentation:

• Valid foreign passport – must remain valid throughout the entire process
• Proof of income – documents showing that you have stable and sufficient financial means to live (e.g., income from business or employment)
• Health insurance – a policy covering medical expenses in Montenegro
• Secured accommodation – lease agreement or proof of property ownership (property deed)
• Knowledge of the Montenegrin language – certificate issued by the Faculty of Montenegrin Language (Nikšić or Cetinje)

HOW LONG DOES THE PROCESS TAKE?

From the moment you submit the complete documentation, the process may take up to six months. This time is needed to verify all conditions and confirm your status.

HOW LONG IS THE PERMIT VALID?

The permanent residence permit is issued for five years. After expiration, you must submit a request for renewal. The good news is that the renewal process is much simpler than the initial application.

HOW CAN WE HELP?

Administrative procedures and paperwork can often be complicated, which is why reliable support is essential.

Our team of experts offers complete assistance, including:

• Consulting
• Collecting and reviewing documentation
• Submitting the application
• Monitoring the process until the permit is issued