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 big four firm is rightfully prioritising transparency and accountability as it seeks to rebuild from its scandal, but a glaring structural issue remains
A recent hiring flurry has taken the firm’s number of partner appointments this year to 121 and put it on track to hit 160 partner target early
The move brings specialist tax and litigation capability to EY as it seeks to close the gap on Baker McKenzie and Venezuela’s leading local firms
The industry’s response to AI requires an unfamiliar ingredient as firms battle to shape their futures
The ambitious big four challenger firm has also appointed ex-RSM partner Brad Ashton to build out its customs and global trade practice
The big four firm allegedly reviewed backdated documents and signed off on accounts that removed hundreds of millions of dollars of Abramovich’s assets
New Tier 1 entrants and an expanding cohort of established players indicate that law firms are becoming increasingly credible challengers in Europe's TP market
Awards
Leading firms and individuals gathered in Dubai to celebrate standout legal, dealmaking and tax work across the region
Tax authorities want more revenue, have better tools to find it and are increasingly willing to fight for it
Audifina, the sixth-largest firm of its kind in Lithuania, will bring a 90-strong team with offices in Vilnius and Kaunas to RSM’s international platform
Gift this article