About Montenegro – Market Information

• Montenegro is among the fastest growing economies in the Southeast Europe.
• Montenegro has made significant progress in transition process and achieving positive economic performances.
• Government policies have lead to Montenegro becoming an attractive location for foreign direct investments.
• The country has made significant GDP growth rates.



• Montenegro was awarded BB long term sovereign credit with “Positive” outlook by Standard & Poor's rating services.








• Corporate tax rate in Montenegro is 9%, which is among the lowest in Europe.



• Value Added Tax (VAT) was introduced in 2005. Standard VAT rate is 17%, with 7% and 0% VAT being charged on a selected group of products and services.



• Montenegro is a member of Central Europe Free Trade Agreement (CEFTA), meaning that the companies which operate in Montenegro have access to a market with 30 million people.

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