In a recent roundtable discussion in Podgorica, representatives from Montenegro’s Chamber of Commerce emphasized the need for the updated Law on Foreigners to serve as a catalyst for economic growth rather than a hindrance to business operations. The meeting brought together business leaders and government officials who underscored the law’s potential impact on investment, employment, and the overall competitiveness of Montenegro’s economy.
Dragan Kujović, Vice President of the Chamber, highlighted the importance of crafting and implementing the law to address significant labor shortages in key sectors such as tourism, manufacturing, and services. He noted that Montenegro’s economy is evolving in response to global trends in labor and capital mobility. To attract foreign investment and skilled workers, Kujović stressed that the regulatory framework must be adaptable, efficient, and predictable.
Government representatives at the event outlined that one of the primary objectives of the revised law is to align Montenegro’s immigration policies with European Union standards, particularly concerning rule of law, migration practices, and freedom of movement. They also pointed out that the new legislation introduces enhanced safeguards to prevent abuses related to residence and work permits that were prevalent under previous regulations.
To facilitate a smooth transition for businesses adapting to the new rules, authorities have already made some adjustments during an interim phase. Notably, certain provisions have been postponed until after the peak tourist season. Officials reported that there have been no instances of valid applications being rejected thus far, indicating a more flexible approach in engaging with the private sector.
The updated law includes specific provisions for temporary residency for seasonal workers, which now feature relaxed requirements regarding formal educational credentials. Additionally, new criteria for residency based on property ownership have been established, including defined minimum property values necessary for qualification. These changes reflect ongoing efforts to balance regulatory oversight with economic incentives while addressing practical labor market demands.
The leadership of the Chamber of Commerce reiterated that ongoing dialogue between government entities and business stakeholders is essential to ensure that the law fosters job creation, bolsters investor confidence, and supports Montenegro’s integration into broader regional economic frameworks.
