With its alluring sceneries, rich cultural heritage, and rising economy, Montenegro is turning into a go-to destination for foreign nationals looking for employment opportunities overseas. In 2024, there are numerous benefits and advantages of working in Montenegro for a foreign national, thereby making this prospect attractive to professionals that would like to expose themselves to more opportunities in order to further their careers.
The favorable tax regime is one of the major advantages of working in Montenegro as a foreign national. The tax rates in Montenegro are very competitive, personal income tax not exceeding 9% for both Montenegrins and non-Montenegrins. This low tax rate does not only benefit the foreign workers in terms of increased disposable income but also helps in making Montenegro an attractive location for entrepreneurs and investors who want to initiate businesses or invest in the said country.
In addition, the geographical position of Montenegro on the Adriatic coast makes it possible to enter the lively markets and business environment of the European Union and beyond. Being a candidate country for the EU, Montenegro enjoys preferential trade agreements and access to the EU funding programmers that make the case for business development and international cooperation. Being able to use these opportunities, foreign workers in Montenegro can open up new connections, gain invaluable experience and contribute to the development of the country’s economic sphere.
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