Check out this incredible backdoor to EU residency no one has figured out yet. Picture: Hotels.com
THE incredible backdoor to EU residency NO ONE has figured out
Montenegro is all set for inclusion into the European Union in 2025. Until then, there’s a backdoor to EU residency you need to know about.
Check out this incredible backdoor to EU residency no one has figured out yet. Picture: Hotels.com
According to Vanderbilt_Money on TikTok, an account which specialises in beating inflation and taxes around the world, there’s a backdoor to EU residency that’s only going to be open for a short time. So, if you’re a South African looking to set yourself up in the EU by 2025, check this out.
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According to Vanderbilt_Money’s post, this backdoor to EU residency can be taken advantage of in as little as 6-8 weeks. While not yet confirmed, but based on reports, its virtually a foregone conclusion that Montenegro will join the EU in 2025. And now that you know that all you need do is set up a qualifying company in that country. From there you must renew your residency annually and after five years, congratulations, you’re a permanent EU citizen.
BACKDOOR TO EU RESIDENCY
I’ve never been myself, but Montenegro is where Casino Royale is set and that’s my favorite Bond film ever. In the heart of the Balkans, Montenegro’s appeal is low-cost living, its friendly people and incredible natural beauty. Having said that, most people will go to far less appealing places if it means a backdoor to EU residency.
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Listen, I’m not trying to sell you Montenegro as a holiday destination, I just want to share to anyone looking for a backdoor to EU residency. According to Vanderbilt Money’s Free Review of Best Countries to Reduce Your Taxes, obtaining a temporary residence in Montenegro is as easy as forming a qualifying company and renting an apartment.
HOW TO START A BUSINESS IN MONTENEGRO
- Register a company in Montenegro from abroad with the help of a lawyer. This takes between 15 – 20 days.
- Employees of the company must be paid the national minimum salary of Montenegro (EU 450 per month (roughly R9 125). And EU 120 (Roughly R2 400) in employment taxes and social contributions to the Montenegro government.
- Appoint yourself as Director of your company – entitling you to a work permit from the Montenegro Employment Agency.
- Rent a house/apartment for a period of 12 month. This will allow you to apply for a temporary resident permit in Montenegro, which will cost between EU 500 – 1 000, so no more than R20 000. This process takes between 6-8 weeks.
- There is no limitation to how long you spend in or out of the country.
- After 5 years, you can apply for permanent residency.
- Montenegro enjoys widespread support from EU members for accession to the EU by 2025.
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What do you think of this backdoor to EU residency? Is it a chance you’re willing to take for? Be sure to share your thoughts with our audience in the comments section below. And don’t forget to follow us @TheSANews on X and The South African on Facebook for the latest updates.
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