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ARTICLE · 01 APRIL 2021

Opening A Bank Account In Montenegro

Montenegro has been recognized in recent years as one of the best countries to invest in, mainly because of its political stability, liberal economic regime of foreign trade, favorable tax policy

MontenegroFinance and Banking

Montenegro has been recognized in recent years as one of the best countries to invest in, mainly because of its political stability, liberal economic regime of foreign trade, favorable tax policy (9% income tax, 7/21% VAT, 9% personal income tax) and of course its geographical position. Montenegro is also a member of NATO, OSCE and the European Monetary Union.

The above are only some of the reasons why a large number of foreign investors have decided to invest in Montenegro. But even if you are not looking to do business in or to invest in Montenegro, there are benefits to be obtained from opening a bank account in a Montenegrin Bank. For foreign companies, there are multiple advantages for opening non-resident accounts in Montenegrin banks. Worth noting are the following features of the Montenegrin banking system:

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