Montenegro: the state close to Europe with low taxes

All advantages of opening a company in Montenegro

Montenegro is a small state located in the Balkan peninsula with approximately 700 thousand inhabitants. It borders with Albania, Kosovo, Serbia, Croatia and Bosnia and Herzegovina and gained its independence in 2006. The capital of Montenegro is Podgorica and the official currency is the euro. Numerous people decide not only to visit this Mediterranean country to go on vacation but also to transfer there their place of income, thanks to many favorable laws for foreign entrepreneurs. Many move to Montenegro for work, since the tax system is not rigid and has low taxes.

Montenegro’s tax regulations that prevent double taxation have been sanctioned and ratified since 1993. The agreements on taxes and duties are similar to those in Europe, although there is still much that needs to be done to adapt the import/export procedures in order to meet the standards currently requested by other states.

Are you thinking about opening a Ltd. in Montenegro and you would like to get more information about it? Taxofia’s aim is to help entrepreneurs by providing them with basic information on the Montenegro’s economic situation.

In case of specific problems or there is a need to concentrate on particular topics, Taxofia can offer you adequate legal, tax and accounting advices.

Feel free to call 00386 31 679 430 to find out more.