Why it is a good idea to relocate your business in Montenegro?

Are you one of those people who doesn’t wish to stay in one place forever? If so, you should start considering countries that fit your lifestyle, professional needs, and fulfil everything you ever wanted from your daily life. 

Albert Einstein once said: “Life is like a bicycle. To keep your balance, you must keep moving.”

Entrepreneurs consider new opportunities for business development every year and a change of residence generally seems to be the most promising path. Relocating is a big risk that raises the stakes for business development and in most cases proves to be a very successful move.

You are probably already thinking about several potential locations for living, and Montenegro has jumped to the top of the list. 

But, how to know if you are making a good choice? 

You can always toss a coin and indulge in the finger of fate, but the most thoughtful way to choose a place to live is to research what it would be like to live there before you move.

This article will offer you advice on how to move to Montenegro and why it is good to relocate your business here.

You may like Montenegro for its Mediterranean climate, coastal atmosphere, cultural heritage, or favourable tax system. But first, let’s look at how you can obtain permanent residence in Montenegro.

Job: Start working for a Montenegrin company. You can obtain a permanent or temporary residence permit as long as you work there. However, this may not be the most ideal solution if you have your own business to relocate to Montenegro.

Studies: Do you want to go back to school or continue your studies? If you decide to study in Montenegro, you will automatically obtain a residence permit.

Marriage: Another way to obtain citizenship is to marry a Montenegrin. This might be the most challenging way because it’s not something you can sign up for.

The documentation needed to apply for citizenship is pretty standard. We already talked about that in this blog post, so feel free to read to find out more.

Valid passport, diploma, a certificate that you have not been criminally convicted, birth and marriage certificate, certificate of ownership of property, etc. Our advice is to hire a lawyer and an interpreter because of Montenegrin law and the language barrier. 

The demand for Montenegrin passports’ is growing constantly, which testifies how easy it is to fall in love with this Mediterranean country. For that reason, a Citizenship by investment program was created and it is the best way to relocate your business to Montenegro. Why has this program become so popular in a short period?

Many people choose Montenegro to relocate their business. Here’s why: 

• Low-income tax rate 
• The easy business start-up process 
• Supportive foreign direct investment strategies.

According to the World Bank, Montenegro ranks pretty well in new business registration, above the European and Central Asian averages. The number of foreign companies interested in doing business in Montenegro is constantly growing, thanks to the low-profit tax.

For example, there is no share capital imposed when opening a Montenegro representative office. This usually refers to the financial sector in which equity is an integral part of the business.

Nevertheless, the costs associated with opening a Montenegro branch depend on the company’s size, the lease space, and the capital it injects into the company.

Located in the heart of the Bay of Kotor, Porto Montenegro is a waterfront paradise built with key fundamental values at its core. The luxury experience of living in Porto Montenegro includes asset management teams available 24/7, a calendar of events, high-quality education for children, and an abundance of social and sports activities.

In Porto Montenegro shopping village, you can find products under the label of Gucci, Dior, Victoria Beckham, and many other luxurious brands in over 85 retail units. 

The award winning world-class superyacht marina (with 450-berths) offers the opportunity to travel easily along the Mediterranean coast, and Tivat Airport is only 4 km from your new home.

The yachting club consists of a sports club and fitness center, tennis club, outdoor pool, private lounge and nightclub, restaurants and bars. In short, everything you need to enjoy your day and night life.

By buying a residence in Porto Montenegro, you are purchasing a luxurious way of life for yourself and your family alongside a ticket to the entire Mediterranean and Europe, in what can only be called a life less ordinary.

Budva – the heart of Montenegrin tourism

The city walls around Budva have preserved its history for centuries. This should not be surprising considering that Budva is about 2,500 years old, making it almost the oldest city on the Adriatic coast. It has a typical Mediterranean climate – with long, hot summers and mild, winters.

One of the most popular destinations for both travellers and citizens, Budva has been a tourist epicenter since the very start of Montenegro’s tourism.

Every year, 650,000 tourists visit this city, making up the entire country’s total population. Budva is visited by about 45% of all Montenegrin tourists.

So if you decide to live in Budva, be prepared for a little more crowds during the summer season.