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

The political optics of the US’s carve-out deal are poor, but as the Fair Tax Foundation’s Paul Monaghan writes, it preserves pillar two’s guiding ethos
The big four firm reportedly sent ‘threatening’ correspondence to Unity Advisory over its hiring of ex-PwC partners; plus tax recruitment news from the week
Tom Goldstein, who was represented by US law firm Munger, Tolles & Olson, denied wilfully cheating on his taxes and blamed errors on his staff
Multinationals face rising TP scrutiny as global rules diverge. As Daniel Moalusi argues, strong, consistent documentation is now essential to minimise audit risk and protect tax positions
The profession is fundamentally restructuring itself around what tax and accounting work should be, a Thomson Reuters leader told ITR
The big four firm is consolidating 16 entities across the region to create a single 6,000-partner behemoth
Brazil’s tax reform unifies consumption taxes to simplify rules, centralise administration and reduce legal uncertainty
The ever-expansive firm has once again attracted a former ‘big four’ talent to lead the new offering
The amended double taxation avoidance agreement removes France’s most favoured nation status for tax treaty benefits
The levies extended beyond the president’s ‘legitimate reach’, the Supreme Court ruled
Gift this article