Since regaining its independence in 2006, the development of the Montenegrin economy has focused on attracting FDI through a competitive business environment that offers rewarding investment opportunities and unique natural potential.
The state's long-term commitment to Euro-Atlantic integration, as well as its aspiration to move closer to modern economic trends, have led to the implementation of numerous reforms that have contributed to the creation of a favorable investment climate.
These are several incentives contributing to the overall business environment which are important when considering doing business in Montenegro;
- Low-income tax rates
- Preferential access to the European Union market
- National treatment of investors
- Relatively low customs rates
- Simplification of procedures
- Reduction of costs for registration of business entities
- Obtaining building permits
- Using the euro as a national currency
An investor can easily start his business in Montenegro. Foreign investors are subject to the same conditions as domestic investors when it comes to establishing a company and making an investment. A foreign investor in Montenegro may be a foreign natural or legal person.
The currency in Montenegro is the euro.
Montenegro's tax system has become one of the most competitive in Europe. With a 9% personal income tax rate, companies operating in Montenegro enjoy not only a business-friendly environment but also a low tax burden, thus maximizing their operational profit.