Montenegro is a young country located in the south of Europe, on the Balkan Peninsula. Montenegro is an extremely attractive investment destination, which in 2010 became a candidate for membership in the European Union. Although a young Mediterranean country, Montenegro offers extremely favorable conditions for business development. Montenegro has an excellent geographical position, good air connections, the fastest tourist growth in Europe and a mild climate.
Montenegro
Low tax rate, fast procedure for establishing a company in only 7 days, and a flexible tax system are an additional benefits for all foreigners who are interested in opening a company in Montenegro. Corporate income tax in Montenegro is only 9%, and it represents the lowest corporate income tax in Europe, but also one of the lowest in the world. Additionally, the opening of the company gives foreigners the opportunity to apply for a temporary residence in Montenegro for a one-year period, with the possibility of extension.
In addition, a person who has more than 50% stake in the company and who is also the director of the company under the Law of Montenegro has the right to obtain a permanent residence permit (after 5 years of regular renewal of temporary residence and work permit, and in compliance with legal regulations). Companies in Montenegro provide foreign entrepreneurs with investment security and equal business conditions as the ones for the domestic population.
Advantages of establishing a company in Montenegro:
The physical presence of the Founder in Montenegro is not necessary for the establishment of a company
The establishment of the company process takes 5 – 7 days
Income tax 9% (fixed))
VAT (value added tax) general rate is 21%. Reduced tax rate is 7% and zero rate 0%
9% withholding tax
Dividend tax 9%
Real estate purchase tax 0 – 3%
Real estate lease tax 9%
Electronically maintained General ledgers
Electronic submission of the documents to the Tax Office
The company may be the owner of shares in another company in Montenegro or the owner of another company in Montenegro and any other country in the world. Also, the company may own real estate property.
Possession of intellectual property
Business zones throughout the country
Tax incentives in business zones
International airports: Podgorica and Tivat
Access to the Adriatic Sea
Member of NATO, CEFTA, WTO
