During May 2021, the Montenegrin authorities have adopted several amendments to existing laws aimed at improving the current situation in the Montenegrin economy. Adopted amendments to existing laws include: Amendment to existing law on Value Added tax – Increasing the limit for mandatory VAT registration from 18,000 to…
The Government of Montenegro has announced new measures to support the economy for the second quarter of 2021, due to the crisis caused by the Covid-19 pandemic. As announced with the implementation of support measures, since the first quarter of 2021, the government worked on the adoption of a new package of measures to support the Montenegrin economy and the citizens. The package for the second quarter is aimed at special support for the liquidity of the economy ,as well as keeping the employment levels to meet the tourist season. The most important segment of this support package is a credit support to the economy, which will be implemented in several phases, with the aim of providing the economy with about 110 million euros of new credit funds. The estimated value of the new support package is € 166,075,000. With this new package the government has proposed and adopted…
The Law on Value Added Tax in Montenegro prescribes the VAT rate of 21%. VAT is calculated and paid at the general rate of 21% of all trade in products, services and imports of products, except for trade in products, services and imports…
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)…
In light of the new developments related to the Covid-19 pandemic and the preservation of economic activity, Montenegro has introduced new amendments to the Law on Value Added Tax, specifically for services of preparation and serving of food and beverages…
A recent Decision that clearly prescribes the criteria, method and procedure for selecting the person submitting the application – an Applicant – has been adopted in line with The Montenegrin Citizenship Act. The Act was recently amended and brought positive regulations to…
Montenegro became attractive following its introduction of the Citizenship by Investment Program whichofficially began this year. In addition to the very well structured investment criteria, Montenegro enjoys a stable political situation, favorable tax system and attractive geographic position in the…
The long-awaited Citizenship by Investment Program implementation has reached a milestone moment by starting to accept applications. Let us review and outline the precisely set criteria for this program.The program is limited to just 2,000 applicants and offers the following…
The long-awaited Citizenship by Investment Program implementation has reached a milestone moment by starting to accept applications. Let us review and outline the precisely set criteria for this program. The program is limited to just 2,000 applicants and offers the…
Eurofast recently launched its new website eurofast.eu. The new website offers improved navigation and functionality, creating a user-friendly environment for visitors. The newly redesigned website ties together all of our offices into one location and allows visitors to experience and…