English 
Crnogorski 
Montenegro, strategically located in the heart of the Balkans, is rapidly emerging as a favorable destination for business opportunities. With its inviting tax system, welcoming stance towards foreign investments, and strategic geographical location, Montenegro is an attractive prospect for entrepreneurs looking to expand their business footprint. However, navigating the process of company formation in a foreign country can present certain challenges. This is where R&P Auditing steps in.
The Appeal of Montenegro
Entities operating in Montenegro are subject to progressive corporate income tax (CIT). The applicable tax rate depends on the realized profit of taxpayers, and the tax rate varies from 9% to 15%.
The progressive tax rates are as follows:
– For profits up to 100,000 euros (EUR), the tax rate is 9%.
– For profits above EUR 100,000 and up to EUR 1,500,000, the tax rate is 12% on the amount exceeding EUR 100,000, plus a fixed amount of EUR 9,000.
– For profits above EUR 1,500,000, the tax rate is 15% on the amount exceeding EUR 1,500,000, plus a fixed amount of EUR 177,000.
Resident taxpayers are taxed on their worldwide profit. Non-resident taxpayers are taxed on their Montenegrin-sourced income or income attributed to their Montenegrin permanent establishment (PE). Non-residents are subject to WHT (withholding tax) on income sourced in Montenegro.
Simplifying the Process with R&P Auditing
The prospect of setting up a business in a foreign country can present certain challenges. R&P Auditing, a professional agency based in Podgorica, streamlines the process, making it smooth and straightforward. With over 25 years of experience and a dedicated team, R&P Auditing offers a comprehensive package for company formation in Montenegro.
The Advantage of Choosing R&P Auditing
R&P Auditing manages the entire process, from registering your company’s official name to setting up corporate banking. They ensure that your company meets all regulatory and legal requirements from the outset. The best part? You don’t even need to be physically present in Montenegro for the company formation process. However, please note that the opening of a bank account and obtaining a residence permit based on employment for a non-resident requires personal presence.
Continued Support
Once your company is established, R&P Auditing continues to provide professional business and administrative services to support your venture. They can assist with obtaining residency and setting up an accounting system.
Begin Your Business Journey
With R&P Auditing, starting a business in Montenegro is as simple as making a phone call. Their team of experts is ready to guide you through every step of the process, ensuring that your business venture in Montenegro is a resounding success.
Ready to embark on your business journey in Montenegro?
Contact R&P Auditing today.
Send us an email at rpauditing@gmail.com.
After initial contact, an online meeting can be arranged via Zoom or Teams to discuss your business needs.
Let’s turn your business dreams into reality.
