The Government of Montenegro adopted the Promotion Program of Business Development, which included the plan for development of Business Zones. Business Zones are unique entities at the territories of the respective local governments. They are partly or fully connected to the utilities. Potential investors of the Business Zones will have tax and administrative reliefs both at the national and local level.

There are two types of Business Zones. Business Zones of Strategic Importance, designated and managed by the Government of Montenegro, and Business Zones of Local Importance, designated and managed by the local governments.

Investors in both categories of Business Zones will be granted national and local level incentives.

At the national level, the employers who hire staff to work in a Business Zone are exempt from the contribution for compulsory insurance paid to salaries and from personal income tax over a period of five years.

At the local level reliefs include:

→ Lower utility and other fees

→ Favorable lease/purchase of premises within the business zone

→ Lower or zero surtax to PIT

→ Lower real estate tax rate

→ Opportunity to define a favorable public-private partnership model

→ Access to utilities, where required.is situated on the Balkan Peninsula, at the heart of Europe.
Montenegro is situated on the Balkan Peninsula, at the heart of Europe.