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“I wonder why the sun wants to set when this much beauty it has nowhere met.”

                                             Ljubomir nenandovic

Image by Oleg Gratilo

About Montenegro

The Balance of Your Business Success, Family Security & Joy, Europe Accessibility, Cost Efficiency & high Profit Margins

Montenegro is a Mediterranean country in the Balkan Peninsula, at the very heart of Europe. Montenegro borders Italy (on the Adriatic), Serbia and Kosovo (to the east), Bosnia and Herzegovina (to the north), Albania (to the south), and Croatia (to the west). It covers 13.812 square kilometers and has a population of slightly over 650.000 (not even a million). The capital city is Podgorica with a population of 236,852.

Montenegro has 24 municipalities. The official language is Montenegrin (identical to Serbian, Croatian, and Bosnian) and the official currency is the Euro. Time zone: GMT +1. The political system of Montenegro is a parliamentary democracy. Despite its turbulent history, Montenegro is established as a multi-ethnic country in which all ethnic groups have the same rights. Montenegrins are very hospitable people and very proud of their history and culture.

For much of the 20th century, Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro. Montenegro declared its independence from Serbia in 2006, introduced significant privatization and adopted the Euro despite not being a member of the eurozone. Montenegro has been a NATO member state since 2017. Montenegro will be the first country to join the EU. The negotiations between Montenegro and the EU began officially on 29th June 2012.

Montenegro is a signatory to 5 multilateral free trade agreements: The Free Trade Agreement with the EU, the European Free Trade Association (EFTA), the Central European Free Trade Agreement (CEFTA), the Free Trade Agreement with Ukraine, and the Free Trade Agreement with Turkey and it is a member of numerous international organizations and has double taxation agreements with Albania, Austria Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Iran, Italy, Korea, Kuwait, Latonia, Macedonia, Malaysia, Moldavia, Holland, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sri Lanka, Sweden, Switzerland, Turkey, Ukraine, and United Kingdom.

The World Bank classifies Montenegro as one of the fastest-growing Balkan economies, and the nation is quickly establishing itself as a critical strategic destination for some of the world’s most important industries.


The climate is warm and moderate. Lower regions near the Adriatic coast have a Mediterranean climate with dry, hot summers and pleasant, rainy winters. The central and northern areas have a continental climate where temperatures vary significantly.


Nature and attractions

As a small country, it is ideal for tourism because you may enjoy beautiful beaches and amazing mountain landscapes at once in one day. Montenegro is a land of natural rarities. It has one of two European primeval forests, the largest lake in the Balkans, a river with the deepest canyon in Europe, and second in the world. There are 40 lakes in it, and its rivers have remained the cleanest in Europe.

However, what attracts tourists most are Montenegrin beaches, considered the most beautiful in Europe. These beaches stretch along the entire coast of Montenegro, from the Albanian to Croatian border. National parks, five of them in Montenegro, represent unique natural attractions.

*National park Biogradska Gora – one of the last primeval forests in Europe.
*National park Durmitor – rafting down the Tara Canyon, the deepest canyon in Europe, is one of the most popular activities in Montenegro.
*National park Lovćen – an incredible mountain with natural, cultural, and historical motifs.
*National park Lake Skadar – the largest lake in the Balkans and habitat of varied flora and fauna.
* Prokletije or Balkan Alps – the youngest national park in Montenegro (since 2009) and a unique mountain range with many natural beauties. It is one of the least explored and somewhat mysterious areas of Montenegro.



The road network is 7,835km long (5,436 asphalt roads). Montenegro has two international airports – Podgorica and Tivat – which transport 2,454,524 (2018) passengers annually in 14,731 (2018) flights. There are four harbors: Bar, Kotor, Zelenika, and Tivat, a ferry boat line from Bari, Italy, and a railway line from Bar-Podgorica-Belgrade-Budapest.

Image by olga brajnovic

Why Establish My Business & Invest in Montenegro?

Reasons You Should Consider Investing in Montenegro...

Montenegro is a small and highly open economy that fits perfectly into the global FDI trends, and in that sense, it offers a favorable investment climate. Attracting foreign investments is one of the primary objectives, aiming at positive effects like accelerating the growth of the production sector and, consequently, creating new jobs by opening new businesses and companies.

Foreign direct investments (FDIs) represent one of the essential instruments for a national economy to stimulate its production sector, import know-how, increase employment, develop infrastructure, and increase national welfare and individual wealth.

Montenegro has already achieved a milestone through many diverse FDI attracted so far: it has become a serious competitor in the global market of capital investments.

Why invest in Montenegro? Because Montenegro has:

  • Political, monetary, and macroeconomic stability

  • Easy STARTUP Procedure

  • Liberal economic foreign trade regime,

  • Favorable Progressive tax starting from 9 % Profit Tax, 7% / 21% VAT, Personal Income Tax 15 %

  • International Accounting and Banking Standards

  • Commercial liberty

  • Geography and climate

  • Numerous Double Taxation agreements so that you can easily avoid being imposed taxes in your home country based on the agreements and according to laws and regulations.

  • The possibility to return your profit after tax to your home country account according to laws and regulations.

  • Based on the principles of the WTO, Montenegro has signed free trade agreements with the EU, CEFTA, Russia, Ukraine, and Turkey, which allows duty-free access to a market of almost 800 million.

  • A foreign investor Can establish a company (alone or with other investors), invest in companies, buy a company, or be a part of it.

  • A Foreign Investor Is taxed in the same way as domestic investors.

  • Progressive Corporate Income Tax starting from 9 %.

  • Value added tax rate - 21% and 7%

  • Taxes and contributions on personal income tax of 15%

  • Total contributions paid by the employer: 9.8%

  • Total contributions paid by employees 24.0%

  • Various Support to investors

***The incentives at the national level include tax incentives for investments in underdeveloped parts of the country, namely:

1. Exemption from profit tax:
The newly established legal entities in underdeveloped municipalities that perform productive activities are exempted from profit taxes for the first eight years. The tax exemption does not apply to a taxpayer operating in the primary production sector of agricultural products, transport or shipyards, fishing, and steel.

2. Tax on personal income:
A taxpayer who starts manufacturing activities in an underdeveloped municipality is exempt from income tax for the first eight years. This tax exemption does not apply to a taxpayer operating in the primary production sector of agricultural products, shipyards, fishing, and steel.

Subsidies for the employment of unemployed persons of specific categories. The subsidies may be used by an employer who hires:
- Persons of the age of 40 years and older;
- Unemployed Roma, Ashkali, and "Egyptians" (RAE);
- Persons being in the records of the Employment Agency for more than five years;
- Persons being employed in public works;
- Persons who are employed indefinitely after the traineeship;
- Persons whose services are no longer needed (techno-economic surpluses) and who are registered in the Registry of the Employment Agency;
- Persons employed as seasonal workers;
- Unemployed persons who have been working for over 25 years and who receive money allowances;
- Persons in business zones.

For the above-listed categories of the unemployed, the employer does not pay:
- Contributions for mandatory social insurance on wages (pension and disability insurance, health insurance contributions, contributions for unemployment insurance, contributions for the Labor Fund);
- Tax on personal income.

Calculated and suspended from the employee's salary are as follows:
- Contribution for pension and disability insurance at the rate of 15.0%;
- Health insurance contribution at the rate of 8.5%;
- Contribution to unemployment insurance at the rate of 0.5%;
- Surtax;
- The employer pays these contributions in the calculated amount, including the tax on personal income. The employer pays the calculated surtax. The basis for calculating the contributions is the gross income of an employee. The employer will pay Taxes and contributions at the same time as the salaries are paid.

3. Financial support:

During the past two years, the Investment and Development Fund (IDF) has supported 394 investment projects of over EUR 32 million, and banks invested in its implementation and evaluation of projects of around EUR 7 million.

The main IDF objectives are encouraging and accelerating economic development. The Fund grants loan guarantees and performs tasks related to the sales of capital in the Fund's portfolio. The most critical areas of activity are:
- Support of SMEs (credit and warranty support);
- Support infrastructure and environmental projects;
- Incentives for exports and employment;
- Privatization of the rest of the social capital.
The support granted to SMEs and entrepreneurs is realized through direct loans, loans through banks, unique credit lines, guarantees, and factoring.

The credit conditions stipulate interest rates ranging from 4.5% to 6.5% with a grace period of 2 years and a repayment period of 8 years. Particular benefits are defined based on the implementation of projects in the northern municipalities and less developed towns (Cetinje and Ulcinj) for entities that hire five or more new persons during the implementation of a project, and those entities as collateral submit a bank guarantee. The MIDAS project, which is being implemented in cooperation with the Ministry of Agriculture and Rural Development, is also carried out through the IDF. The credit line for financing the project is headed by women, and a credit line for young people in business (from 21-35 years) is available at an interest rate of 4.5%.

What Services We Offer?

When it comes to your Business Registration in Montenegro, NEMO INVESTOLEGAL D.O.O is the name you can trust. With our extensive experience and expertise, we are committed to providing top-notch services to our clients and we provide all your required services once, at a time, All in one as Turn-Key at your fingertips.

 Here's why you should count on us:


Case By Case Comprehensive Legal, International, Commercial, Banking and TaxConsultation Before Registering Your Business


Turn -Key Registration of Your Business and Taking Care of all Legal and Procedural Requirements


Professional Accounting and  Book keeping Services 



Professional International and domestic Legal, Commercial, Tax, and Banking services after Business Registration


PO BOX, Physical and Virtual Address + Secretarial Services + Remote or Coworking Facilities 


Speed, Quality, Originality, Professionalism and Honesty Guaranteed.

Useful Downloads

Take Your Time To Download & Learn More About Amazing Montenegro

Montenegro in Numbers

Montenegro Tax Rates Comparison

Montenegro Foreigner Law

Company Activities List

Important Links

Here Are The Most Important Links for your Investment in Montenegro

Government of Montenegro

We know how Important and relieving It could be for you to see whatever you are looking for from Investment to immigration and from residency to citizenship on the only and most authenticated governmental website of Montenegro.

Montenegro Chamber of Economy

Whatever you need to study and learn about  Montenegrin Economy in the most professional and authenticated way.

Accession of Montenegro to the European Union

The most crystal clear and comprehensive portal and updates about Montenegro's accession to European Union.

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