According to Serbian Economist, following a meeting of the National Security Council, the Montenegrin government announced that it was preparing amendments to the Law on Foreigners, which would abolish the requirement to obtain a residence permit on the basis of ownership of a “dormant” or formal company and linking the right to reside to full-time employment with a registered employer or a newly established company with contributions and salaries above the minimum. This is stated in a government announcement.
According to the government, interagency checks on the migration and economic activity of foreigners are being tightened; owners of inactive companies in foreign ownership will have their right to reside terminated.
At the same time, the authorities are preparing to restrict visa-free short-term stays for citizens of countries that are not in line with EU visa policy from 90 to 30 days. The authorities have been instructed to prepare subordinate legislation based on the new criteria.
In Montenegro, it has long been possible to open a company and, on this basis, obtain and extend a residence permit; the authorities say it is necessary to close down “schemes” of fictitious employment and bring the rules into line with European standards. In public discussions, it is noted that the “1 euro company” regime should not apply to foreigners.
The greatest risks are faced by foreigners who have obtained a residence permit through their own companies without real activity or without full-time employees and payment of contributions.
In terms of business structure and residents, company owners from Turkey, Russia, Serbia, and Ukraine are in the lead; they will be the first to feel the requirements for real employment and tax payments.
According to open estimates, Turkish citizens own about 9,800 companies, Russians about 7,200, and Serbs more than 3,200; in total, there are more than 31,000 foreign companies in the country.
The geography and main risk groups are as follows:
1) Turkey – the largest group of company owners; in addition, according to police data, more than 13,000 Turkish citizens have a residence permit or a residence permit + work permit. There is a risk of losing status in the absence of real employment and contributions.
2) Russia – second in terms of the number of companies and one of the largest groups of residents; “paper” companies are at increased risk of having their residence permits revoked.
3) Serbia – a significant group in terms of residence permits and companies; formal structures without employees will also be subject to checks.
4) Ukraine – a noticeable share of company owners; formal companies without turnover and employees are under special scrutiny.
The exact parameters will be determined by amendments to the law and subordinate acts.
Source: https://t.me/relocationrs/1694
