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FAQs
 
  1. Who can be a foreign investor?
    A foreign investor can be a legal entity or a natural person. Both have equal rights. The term foreign investor applies to a company that has been founded by a foreign person in Montenegro and/or foreign legal entities whose share of investment capital is higher than 10 percent of the total capital amount. Domestic citizens can also obtain foreign investor status if they have been living abroad for more than a year.
  2. What amount of investment is required?
    There is no limit. The amount of investment is stated in the investment contract or other act prescribed by law.
  3. Can foreign investors acquire rights to real estate in Montenegro?
    Foreign investors can acquire rights to real estate in Montenegro, such as company facilities, places of business, apartments, living spaces and land for construction. Additionally, foreigners can claim property rights to real estate by inheritance in the same manner as domestic citizens.
  4. What is the annual inflation rate in Montenegro?
    The inflation rate in Montenegro in 2012 was 0.7 percent while in 20122 was 3 percents.
  5. What is the international credit rating of Montenegro?
    Standard & Poor Rating Services assigned a BB long-term credit rating to Montenegro.
    The outlook is evaluated as stable. Moddy’s Investors Service assigned Baa1 and the outlook is evaluated as stable.
  6. What is the average customs rate in Montenegro?
    The average customs rate is 6.28 percent.
  7. Which countries are Montenegro’s major foreign trade partners?
    According to recent statistical figures major foreign trade partners in 2011 were: Serbia, Italy, Greece, Slovenia, Bosnia and Herzegovina, Croatia, Germany, Austria, Switzerland and Hungary.
  8. What is the Personal Income Tax?
    The Personal Income Tax rate is 9 percent flat.
  9. What is the corporate profit tax rate?
    The Corporate Profit Tax rate in Montenegro is 9 percent flat. 
  10. What are the Value Added Tax rates?
    The standard VAT rate in Montenegro is 17 percent, but there are reduced rates of 7 percent for tourism and IT equipment and 0 percent for some basic products. The VAT turnover period averages 30 days.
  11. How can foreigners obtain work permits?
    According to the Law on employment of foreigners and Law on Work, work permit is issued by Employment Agency of Montenegro. After that, a foreigner can obtain a residency permit at the Ministry for Interior Affairs.