Investing Made Simple – Ultimate Guide to Montenegro Taxes

Montenegro has long been considered a tax haven among many foreigners and residents themselves. Until the year 2022, it has been well known for its FLAT flow tax rates that didn’t exceed 9% for both personal and corporate income TAX.

As of 1st January 2022, the Montenegrin government introduced a progressive taxation system. This changed the taxation regime slightly, but Montenegro still keeps a high place on the list of countries with favourable tax regimes.

Although this new regime means a slightly higher tax rate for those with a large income, it is still attractive compared to the rest of the world. So, does this make Montenegro a tax haven?

Montenegro has a transparent taxation system, which makes it unsuitable for offshore companies that intend to engage in tax evasion practices. However, Montenegro does grant numerous legal benefits, such as:

 – a chance to obtain Montenegrin citizenship through investment

 – a stable economy inclined to foreign investments

 – low personal and corporate tax rates

 – double taxation AVOIDANCE treaties signed with over 40 countries

 – low cost BUT HIGH STANDARD of living

 -EURO currency safety

All of these circumstances make Montenegro a great place for investment. However,  in order to invest smartly, you must fully understand how the taxation system works. In the next sections, we will help explain everything you need to know about Montenegro taxes.