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Montenegro

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The Montenegrin market is relatively quiet. For many of the leading law firms, the bulk of the work comes from ongoing energy or infrastructure projects, such as the thermal power plant in Pljevlja or the Trans Adriatic Pipeline project. The other main areas of instruction are banking, finance and corporate matters. For the most part, the work is handled by full-service firms based in Serbia or working closely with their Serbian offices, such as Harrisons Solicitors, Moravcevic Vojnovic and Partners in cooperation with Schoenherr or BDK Advokati. Some domestic firms such as Law Office Vujacic and Prelevic Law Firm are also highly regarded.

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Legal Developments in Montenegro

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  • Recent Amendments to Montenegrin Tax Legislation

    The Montenegrin Parliament recently enacted the new Law on Tax on Coffee and amendments to the Law on Value Added Tax, the Law on Real Estate Tax, the Law on Tax Administration and the Law on Mandatory Social Security. The purpose of these changes is to clarify existing provisions of these tax laws in order to improve their enforcement and to better control the tax liabilities of non-resident taxpayers. Changes to the Law on Real Estate Tax have introduced higher taxes, but also tax benefits aimed at stimulating the development of high-end tourism in Montenegro.
  • Law on Prevention of Illegal Business - Montenegro fights gray economy

    The Law on the Prevention of Illegal Business ( Zakon o spre čavanju nelegalnog poslovanja, „Official Gazette of tthe Republic of Montenegro" no.29/13) came into force on 23 June 2013. Its nature is largely declaratory, aimed at showing the declared intent of the state to fight corruption and black market. 

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