🇲🇪 Montenegro
An emerging Balkan destination with low taxes and Adriatic coastline
Visa Options
- Digital Nomad Residence Permit (Up to 2 years (renewable to 4 total)) — ~3x national minimum wage (roughly €1,800–2,400/mo depending on qualification level)
- Business/Company Registration Residency (1 year (renewable)) — Register a local DOO (LLC) and demonstrate active business
- Work Permit (1 year (renewable)) — Employer sponsorship
Tax Overview
- Income Tax: 9% (up to ~€700/mo) / 15% (€700–1,000/mo) / 21% (above €1,000/mo)
- Corporate Tax: 9% flat
- VAT: 21% standard (7% reduced rate on food, medicine, utilities)
Cost of Living
- Comfortable living (single, typical): €700 – €1,200/mo
- 1BR Apartment (Podgorica): €350 – €550/mo
- 1BR Apartment (Kotor/Budva coast): €500 – €800/mo
- Groceries: €180 – €280/mo
- Utilities: €100 – €160/mo
- Dining out: €8 – €15/meal
- Public transport: €20/mo pass
Relocation Checklist
- Obtain a Montenegrin tax ID / JMB number
- Open a Montenegrin bank account
- Gather certified, translated documents
- Apply for a residence permit at the Ministry of Interior
- Register at the local police station within 24 hours of arrival
- Secure private health insurance
- Book proof of accommodation (lease or extended-stay booking)
- Collect your biometric residence card