Montenegro: Budva municipality: New incentive for investors
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

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

Montenegro: Budva municipality: New incentive for investors


Jelena Zivkovic

Budva Municipality, the pearl of Montenegrin tourism, is addopting new incentives for domestic as well as foreign investors for the construction of new hotels and for owners of private accomodations. A year ago, the Budva municipality government adopted an incentive acoording to which investors that are investing in construction of four and five stars hotels are liable to pay €30 ($41) per square metre for local communal fees that is already 10 times less than the fees in previous periods. Now, the municipality intends to reduce the fees to zero.

Budva municipality is the first municipality in Montenegro that has taken action in line with recommendations given by the Montenegrin government. The recommendation relates to granting of incentives to all investors that are interested in constructing new hotels with a minimum of four stars in the exclusive zone and in a first zone.

It is important to empasise that this incentive is not applicable to condo and aparthotels – communal fees are €320 per metre square for condo hotels and €256 per metre square for aparthotels.

The same incentive includes the owners of private accomodations too as they will not be liable to pay local communal fees in case of developing new private accomodation.

Jelena Zivkovic (

Eurofast Global, Podgorica Office

Tel: +382 20 228 490


more across site & bottom lb ros

More from across our site

Ulf Johannemann, who has been on trial in Frankfurt since September, was the firm’s most senior tax partner until 2019
Important dates for the Women in Business Law Awards for 2024 revealed
More than 1,000 PwC staff in China and Hong Kong engaged in improper answer sharing, it is understood
Yusuf Akhmadi of Indonesia’s Directorate General of Taxation reports on the country’s latest domestic and cross-border initiatives to clamp down on tax evasion
The new rate is a blow to Samsung, while two law firms have made significant tax hires into their respective Washington DC offices
Rema Serafi, KPMG’s first-ever female vice chair for tax, talks about breaking the mould in an exclusive interview with ITR
The metal multinational’s victory, in a case worth $12 million, continues the trend of companies coming out on top against India’s revenue department
Guy Bud and Matthew Greene from litigation firm Stewarts review a dispute on tiered partnerships, which raises questions on corporation tax and partnership law
The stagnating pay and tax bonuses cap follow slashed payouts for the deals team and business consolidation in the last month
A greater UN role has been secured after disagreements between developed and developing countries over the OECD’s influence in global tax reform