As the smallest country of the Balkans, Montenegro has a fragile economy supported by investment (especially in the energy sector) and tourism. In 2015, the country experienced an economic growth of 4%; it should accelerate in 2016.

Montenegro’s economy is slowly transitioning to a market system, but the state sector remains large and additional institutional changes are needed. The economy relies heavily on foreign tourism and the export of refined metals. 

Montenegro has long struggled to organise its ailing economy, but thanks to a skyrocketing tourism industry with dynamic healthcare options, the tide may finally be turning in its favour

Since the introduction of the German mark in November 1999, and later the euro in February 2002, the country has had signifcant success in creating a favorable business climate and in attracting reputable foreign investors.

The limited liability company (LLC) is the most popular business structure in Montenegro

There are a few types of companies that an entrepreneur may open in Montenegro: the sole proprietorship, the general partnership, the limited partnership, the limited liability company and the joint stock company.

This site provides a brief commentary on company registration requirements

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Montenegro. 

Entities operating in Montenegro are subject to a 9% corporate profit tax (CPT).

This World Bank site provides a breakdown of the tax obligation of a medium size company in Montenegro

The Personal Income Tax Rate in Montenegro stands at 9 percent.

Personal income tax (PIT) of 9% is levied on salaries, property-related income, and investment income (interest income earned by non-residents is subject to a 5% PIT).

The Sales Tax Rate in Montenegro stands at 19 percent. Sales Tax Rate in Montenegro averaged 17.73 percent from 2006 until 2016, reaching an all time high of 19 percent in 2013 and a record low of 17 percent in 2007. Sales Tax Rate in Montenegro is reported by the Department of Public Revenues, Montenegro.

In the long-term, the Montenegro Sales Tax Rate | VAT is projected to trend around 19.00 percent in 2020, according to our econometric models.

This site lists the countries of origin that do NOT require a visa for a 90 day stay.

Comprehensive Information on Montenegro Visa Requirements

73 tips on getting to and getting around Republic of Montenegro from real travelers and locals.

This site provides a list of various transportation options in Montenegro

Telecommunications in Montenegro includes radio, television, fixed and mobile telephones, and the Internet.

Current news reports on the telecom business in Montenegro

This site provides a copy of the Republic of Montenegro Labour Law

A genral guide to the laws of Montenegro including labor form the Law Library of the US Congress

This site provides a copy of the Republic of Montenegro Labour Law

A genral guide to the laws of Montenegro including unemployment form the Law Library of the US Congress

Average prices of more than 40 products and services in Montenegro. Prices of restaurants, food, transportation, utilities and housing are included.

A genral guide to the laws of Montenegro including labor form the Law Library of the US Congress

Montenegro is a relatively cheap tourist spot if one is choosing among all European travel destinations. Its price level is under the average for the continent and is most similar to the one in the Baltic countries.

Guide to travel, doing business, and studying in Montenegro – culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.

n general, the code of business conduct is similar in Montenegro to that in the rest of Europe and the USA.

Tables for monthly temperature, sunshine and rainfall

Access hourly, 10 day and 15 day forecasts along with up to the minute reports and videos from AccuWeather.com

Non-Montenegrins are rarely the target of violence, but there is always the danger of being in the wrong place at the wrong time. While most Montenegrins are open and hospitable to foreigners, visitors might encounter anti-foreign sentiment.

Latest travel advice for Montenegro including safety and security, entry requirements, travel warnings and health

This site provides information on the difeerent levels of education in Montenegro from Primary to University

This site provides a list of international schools including nursery schools, primary and secondary (high) schools

Comprehensive list of National and Regional Public Holidays that are celebrated in Montenegro during 2016 with dates and information on the origin

Discover the complete list of Montenegro’s public holidays for 2016 and 2017. 

See “People and Society” on this site

This site describesthe demographic features of the population of Montenegro, including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population.

Montenegro Customs regulations and procedures for importing and exporting goods at border.

Customs information for individuals entering Montenegro

The Central European Free Trade Agreement (CEFTA) is a trade agreement between non-EU countries, members of which are now mostly located in Southeastern Europe including Montenegro

This site provides key information on Montenegro’s participation in the WTO. Montenegro has been a member of WTO since 29 April 2012.

A listing of hotels and apartments in Montenegro

11,800 traveller reviews and 13,848 candid photos for hotels in Montenegro, Europe on TripAdvisor.

TripAdvisor has 84,399 reviews of Montenegro Hotels, Attractions, and Restaurants making it your best Montenegro resource.

Expert picks for your Montenegro vacation, including hotels, restaurants, entertainment, shopping, top attractions, and more.