Amendments to the Law on Foreigners has been published in January 2019 in the “Official Gazette of Montenegro” No. 03/19
Below are highlighted some important amendments:
- It is prescribed possession of minimum 1/2 ownership right as a new condition for the residence permit based on real estate ownership;
- It is prescribe possibility to obtain the resident permit by occupying the position of the executive director in several Montenegrin companies;
- It is prescribed that foreigners over 67 years old will be able to get temporary residence permit as employees for position of executive director or individual entrepreneur.