Montenegro: Montenegro’s tax treatment of foreign corporate executives

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Montenegro: Montenegro’s tax treatment of foreign corporate executives

Petrovic

Ivan Petrovic

Montenegro doesn't make much of a distinction between domestic and foreign investors, nor between domestic and foreign corporate executives of companies incorporated in Montenegro.

Foreigners who are executive directors of Montenegrin companies have the same rights and duties as directors holding a Montenegrin citizenship. There is also no difference in terms of taxation, with personal income taxed at 9% (for income below €720 ($780)) and at 13% (for income above €720), a rate which was recently amended from the previously valid 11% rate.

An additional advantage is the existence of a simplified procedure for obtaining a temporary residence permit as well as a work permit for foreign persons who are appointed as executive directors. Namely, foreign executive directors don't need to provide supporting documentation from the Bureau of Employment stating that there are no resident unemployed persons with the same qualifications for the job position.

Furthermore, of great interest to foreign nationals is the fact that obtaining a residence permit allows foreign directors to also become tax residents of Montenegro after spending 183 days in Montenegro, and to enjoy one of the most favourable tax regimes in Europe with a 9% personal income tax rate and a 9% corporate tax rate.

Ivan Petrovic (ivan.petrovic@eurofast.eu)

Eurofast Montenegro

Tel: +382 20 228 490

Website: www.eurofast.eu

more across site & shared bottom lb ros

More from across our site

As pillar two reshapes global tax competition, the UK faces a crucial challenge: how to remain attractive to multinationals without sacrificing tax revenues
Pillar two may be raising less than expected, but professor René Matteotti says the regime is still changing multinational tax behaviour
Multinationals importing goods into Brazil may need to align TP files and customs documentation more closely as authorities gain new tools to challenge related-party transactions
The private equity-backed deal hands Grant Thornton immediate and impressive US scale, but World Tax data suggests the firm still has work to do to gain recognition
From Instagram content to £100m transactions, the founder of Thomas & Co International discusses building a modern tax and accounting firm for business founders
Growing GAAR scrutiny is driving taxpayers to look beyond legal form and demonstrate the commercial rationale underpinning tax-efficient structures
Pillar two has been clients’ ‘biggest headache’ but also a driver of growth for MHA, which believes it has the edge over its big four rivals
Public country-by-country reporting is exposing multinational tax data to investors, journalists and competitors, creating fresh risks for businesses
Pillar two compliance is creating unprecedented data demands for multinational tax departments, making closer collaboration with FP&A teams essential for accurate reporting and audit readiness
Among the arrivals is Andrew Howell, who leaves scandal-hit PwC Australia after representing PepsiCo in a high-profile TP dispute
Gift this article