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

A company risks double taxation, penalties and inquiry cost if it submits a form with anomalies under the new system, Asker Ali also tells ITR
Arindam Mitra and Robin Hart examine how aggregate TP rules clash with transaction-level customs rules, creating compliance risks and requiring granular, SKU-level pricing strategies
The scandal has come just three years after the PwC tax leaks controversy and has prompted KPMG’s Australian chief executive to resign
In the first of a two-part series on capital v revenue in R&D, Jayne Stokes explores these key concepts and where UK companies need to tread carefully
Magnus Pantzar is set to join as managing director after spending nearly a decade as EQT’s global head of tax
The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals
The recent spree of firm mergers and acquisitions proves that geographic scale is the name of the game
The big four spin-off firm becomes Taxand’s second UK member; in other news, Haynes Boone launched a UK tax practice
Stephanie Pantelidaki’s economic expertise will give Norton Rose Fulbright’s other teams ‘extra firepower,’ she says
Mada has opened simultaneously in Paris and Dubai with an eight-lawyer team from Trinity International
Gift this article