Taxation

Montenegro has the potential to become a magnet for investment because of its business-focused economic system. It enjoys great economic freedom and monetary stability.

The Government's privatization policy has attracted many foreign investors.

Pursuant to the Foreign Investment Law, there is a real equal treatment between Montenegrin and foreign investors in the country.

The Government has established many customs and fiscal incentive measures.

Montenegro ranks 42nd out of 190 economies in terms of ease of doing business, according to the 2018 World Bank Doing Business Report.

The sectors attracting most of the FDI are tourism, real estate, energy, telecommunications, banking sector and construction. The main investing countries are EU members, Russian Federation, Egypt etc.

Country attracts a lot of foreign investors for the following reasons:

  • foreign companies have the same rights as national companies;
  • the tax system is one of the most competitive in Europe;
  • the workforce is qualified and wages are relatively low;
  • the Euro is the national currency;
  • formalities for creating a company are simple and quick;
  • it is a stable democratic NATO country;
  • it is a step away from the EU membership.