Montenegro becomes more and more often a haven for those who want to get another citizenship. A favorable tax environment attracts foreigners. The first seven hundred euros earned in the country are exempt from fees, as well as the first 8400 euros of annual income, if you are self-employed. However, these are not all the advantages that the region can boast.

The trend of free choice today applies to absolutely all areas of life. Therefore, migration is now widespread everywhere. And despite the fact that Montenegro is not yet a member of the European Union, its popularity among foreign nationals is growing every year, who enjoy the possibility of Montenegro citizenship program.

Tax atmosphere

There is no absolute freedom from fees and deductions from profits on this land, but nevertheless, according to a specialist Immigrant Invest Victor Esik, the structure of the region is quite profitable for both individual entrepreneurs and businesses. In addition, there are other advantages:

  • the clarity of the system of fees;
  • the minimum interest rate, which is lower than in other regions;
  • stable rate for individuals;
  • VAT of 7%.

Montenegro taxes can hardly be difficult for you, because the structure is easy to understand, which makes it attractive to foreigners. In total, this land is obliged to pay:

  • profit deductions;
  • VAT on purchases;
  • real estate tax and capital gains.

Annual reporting here does not require complex calculations due to the fact that there is a stable percentage to be deducted. Therefore, all the paperwork is much easier than in any other country.

Tax rate in Montenegro for someone who pays income tax is 9%. And even if your revenue increases more than the average in the region, the rate will increase by 2%, it is still much less than in most countries of the world. If you make a profit outside of the land, and Montenegro has an agreement with that state, you are exempt from double tax.

As for the corporate tax in this region, the minimum you have to deduct is 9%. The maximum is 15% if the business brings in more than a million and a half euros per year. The stable Montenegro tax rate makes life easier for many entrepreneurs who choose this region as a second home.

Advantages of the tax system

Montenegro tax system provides benefits for those who are just starting their own business. Of course, it is necessary to comply with certain requirements in order to obtain them, but it is not difficult. Businesses located in the north of the region, whose annual profit does not exceed 200 thousand euros, can count on the exemption of deductions for profits for the first eight years. This is a great opportunity for foreigners who want to do business. The authorities have taken this step to develop this part of the land, increasing the economy and interest in the country.

Therefore, before you move, you must learn all the nuances and advantages that can be useful to a foreigner for a successful stay. It is not unreasonable to apply to special agencies that provide services to help with migration. Experts will tell you about the opportunities that are open to you in a particular region, as well as the requirements that States have to applicants.

Apartments and premises

Montenegro citizenship does not exempt its owner from real estate fees. The rate of such a fee depends on which part of the region your real estate is located. If you sign a contract of sale, you will also have to pay 3% of the price of the room or apartment.


If you plan to rent out your property, like any rental income, you will need to pay 9%. As you can see, the system of deductions of this country is really simple and clear, and has a fixed rate, which is easy to calculate yourself.

In addition to all in the country, it is also common to pay a pension tax, an accident insurance fee, and health insurance. However, these investments are designed primarily to protect the population, because the payment of all of these fees ensures that you have every right to demand appropriate assistance if necessary.

Migration

To become a regional taxpayer, you must first establish residency in the country and after six months, your candidacy will be considered for fees. There are several ways to obtain citizen status. In general, foreign nationals usually resort to obtaining this paper in exchange for an investment. The application can be made for a single person or for a married couple. The government also allows children who are being maintained by the applicant to be included in the request.

This method of migration does not require a work agreement in the region, which simplifies the path for many foreign nationals. In addition, the list of requirements when donating to the economy is much smaller than in other options.

There is often a question about the stability of this country, because at the moment it is on its way to becoming an EU country, which may entail many changes both in legislation and in the system of fees. However, experts agree that the accession will not make things worse, and all the positive characteristics of the region will remain the same.

As for the criminal situation in the region, the crime rate is much lower than in most European countries. This makes the region a safe place to live. In addition, the nature of the land and its geographical location attracts aesthetes who want to enjoy the landscapes of the peninsula.

Man tourist on background of Yacht marina, beautiful Mediterranean landscape in warm colors. Montenegro, Kotor Bay, Tivat city. Porto Montenegro marina view. Go Everywhere. Travel around Montenegro concept

The minimum amount in the permit program is 450 thousand euros as a charitable contribution. If you want to acquire real estate, you will need to make a contribution of 650 thousand euros. It is worth noting that the apartments must be approved by the government.  Therefore, to avoid problems, it is worth asking for assistance from professionals who will help to prepare and collect documents, as well as to deal with the purchase of the object.

Montenegro is not an expensive region. The standard of living here is high. Foreigners often choose the region to spend their retirement here, because the favorable and peaceful environment, the peculiarities of the climate make it possible to enjoy an unhurried pace of life.

Conclusion

The 2022 year has not changed the state’s tendency to attract solvent foreign citizens. In this way, Montenegro continues to provide citizenship and tax freedoms, a high standard of living and a secure, promising future for themselves and their children.

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