The banking sector of Montenegro made a strong contribution to the Montenegrin economy rebound, which was heavily affected by the COVID-19 pandemic in 2020. The banking system in Montenegro maintained stability, high liquidity, preserved profitability, and good capitalisation in 2021 as well. All key balance sheet items recorded an increase on annual level, and so...
We have witnessed a marked increase in real estate prices in the last few months. The reasons for this growth are seen by some in the huge inflation that started a chain of price hikes in malls all over the world, while a smaller number believe that the current rise in apartment prices in Montenegro...
The IT industry in Montenegro has been growing strongly in recent years, and now a lot of Ukrainian and Russian programmers have arrived. Although the state gives millions to this sector, business barriers drive some of the largest IT companies out of the country. As in the whole world, information technologies (IT) are a huge...
In spite of the negative effects of the coronavirus pandemic and contraction of the gross domestic product of 15.3 percent in 2020, the Montenegrin economy is recording a strong recovery in 2021, primarily due to successful tourism season, advancements in immunisation, and an open door policy, as well as because of the effects of improved...
Montenegro is an anomaly in the European real estate market. The investment returns for those who invest in Montenegrin real estate are among the highest in the entire continent. The trend is rising thanks to the tourism boom that this Balkan country has been experiencing for the last few years. In addition to the growing...
The Montenegro tax system is among the best of the best for investors. The primary taxes in Montenegro are: Income tax: 9-11 % Corporate tax: 9 % VAT: 21 %, and 7 %, and 0 % for tourism and some basic products Withholding tax: 9 % on dividends, capital gains, rental income, royalties, and such...
Montenegro has a modern and mature banking system with almost 20 banks. Here we will walk you through the main particularities of the banking sector in Montenegro. First, you must know that it is incredibly easy to open a bank account in Montenegro. All you need is a valid passport. You may say that that’s...
Montenegro has a modern legal system with robust business laws. The business regulations have evolved to represent the dynamic business environment of the country. Opening and operating a business in Montenegro is cheap and straightforward. Registration fees are low, and minimum capital requirements are almost non-existent. That’s why it’s the 50th easiest country to do...
The two best-known CBI programs are Cyprus and Malta. But what if we told you the Montenegrin program has better tax optimization benefits than Cyprus and entails a smaller investment than both Cyprus and Malta? As Montenegro will likely join the EU in 2025, the passport will also have the benefit of allowing you to...
States seek to reduce individual freedoms by inventing new taxes and regulations almost every day. Add to that the global recession that may come soon, and you’ll understand why having a second passport is practically a must for high-net-worth individuals. Some CBIs are well-known, such as St. Kitts and Nevis, which was the first. However,...
