# Doing business in Montenegro: the briefing

> The headline facts are attractive: low corporate tax, the euro, an EU path. This page gives you the facts with their sources, and the practical points that do not appear in brochures.

Source: https://businesslanding.me/doing-business-in-montenegro  
Author: Schule team, Podgorica (Schule d.o.o. Podgorica)  
Updated: 10 November 2026

## In short

- Corporate income tax in Montenegro is progressive: 9% up to EUR 100,000, 12% up to EUR 1,500,000 and 15% above (Art. 28 of the Corporate Income Tax Law).
- Montenegro has used the euro since 2002 without being in the euro area.
- It has been an EU candidate since December 2010 and opened accession negotiations in June 2012.

## Tax

Corporate income tax is progressive: 9% on taxable profit up to EUR 100,000, 12% on the part from EUR 100,000.01 to EUR 1,500,000, and 15% above that (Corporate Income Tax Law, Art. 28, from tax year 2022).

Transactions with related parties must be priced at arm's length and documented. If your group will trade with the Montenegrin company, plan the transfer pricing before the first invoice.

## Currency and banking

Montenegro has used the euro since 2002, without being a member of the euro area. There is no exchange-rate risk for euro investors. Opening a bank account for a new company with foreign owners takes documentation and time; plan for it in the first weeks.

## The EU path

Montenegro has been an EU candidate country since December 2010 and opened accession negotiations in June 2012. Legislation is being aligned with EU rules, which matters for sectors such as energy, food, environment and public procurement.

## What foreign companies run into

- Seasonality: the coast and the north follow tourism; Podgorica follows public and corporate demand
- A small home market, so many plans only work with a regional or tourist angle
- Land and property titles that need checking in the cadastre before any deposit
- Permits that depend on the municipality as much as on national law

## Frequently asked questions

### What is the corporate tax rate in Montenegro?

Progressive: 9% up to EUR 100,000 of taxable profit, 12% up to EUR 1,500,000 and 15% above (Art. 28 of the Corporate Income Tax Law).

### Is Montenegro in the euro area?

No. Montenegro has used the euro since 2002, but it is not a member of the euro area.

### Is Montenegro an EU member?

No. It has been a candidate since December 2010 and opened accession negotiations in June 2012.

## Related topics

- [Montenegro market entry programme](https://businesslanding.me/montenegro-market-entry.md)
- [Sectors for investors](https://businesslanding.me/montenegro-investment-sectors.md)
- [The first 100 days](https://businesslanding.me/montenegro-entry-roadmap.md)
- [Execution: Montenegro Advisory](https://montenegroadvisory.me/)

## Related in the Schule network

Group transactions with a Montenegrin company? Transfer pricing: [transferne-cijene.me](https://transferne-cijene.me/en/transfer-pricing-montenegro)

## Facts and sources

- [Corporate Income Tax Law of Montenegro, consolidated text (gov.me, in Montenegrin)](https://www.gov.me/dokumenta/5e2364b3-d03c-4ceb-afff-7069b05e4034)
- [European Commission - Montenegro, EU enlargement](https://enlargement.ec.europa.eu/countries/montenegro_en)
- [Central Bank of Montenegro - Euroisation](https://cbcg.me/en/core-functions/monetary-policy/euroisation)