Discover the benefits of starting a business in Montenegro, a hidden gem in Eastern Europe. With low tax rates, a prime location, and EU candidate status, Montenegro offers a favorable environment for entrepreneurs.
Introduction
Montenegro, formed in 2006 after splitting from Serbia, has a population of 628,281. Podgorica, the capital, is home to over 150,000 people, while the old royal capital, Cetinje, is located at the base of Mount Lovćen, the country's namesake.
Montenegro's Mediterranean climate draws tourists with warm summers and mild winters, except in the northern mountains where temperatures can drop to -2°C (27°F) in winter.
Montenegro's economy shifted from farming to tourism. It adopted the euro in 2002, aligns with EU directives, and is an EU candidate, hinting at promising investments once it achieves membership.
Montenegro, a NATO member and EU candidate, offers stability, access to 800 million consumers, and serves as a convenient base in Europe due to its use of the euro and strategic location.
Montenegro boasts low tax rates, ranging from 9% to 15% for personal and corporate taxes. Non-residents are taxed only on Montenegrin-sourced income, making it a tax-friendly choice.
Montenegro offers quick company formation, tax incentives, and exemptions for businesses in specific areas, along with an affordable English-proficient workforce. Ideal for entrepreneurs.
The country has entered double taxation avoidance agreements with countries including France, Germany, and the UK. Moreover, Montenegro boasts the highest foreign direct investment in the region.
Gain Montenegrin residency by opening a company or purchasing real estate. Note that starting a business no longer qualifies for citizenship. For foreigner-friendly solutions, contact us.
Montenegro offers a business-friendly environment with low taxes, incentives, skilled workforce, and EU candidate status. Company formation can lead to residency.
Our experienced team can help you legally reduce your tax rate offshore, protect your assets, invest overseas, obtain a second citizenship, and improve your peace of mind.We’ve helped 1,500+ HNWI entrepreneurs and investors and we can help you, too.