Montenegro has a population of about 600,000 people, with key industries including agriculture and services. The corporate tax rate is 9%, and the tax year corresponds with the calendar year.

Labor and Payroll considerations in Montenegro:

  • Fixed term work contracts have a maximum length of 36 months, with overtime hours of 250 per year maximum
  • Minimum wage is €331 per month
  • Collective bargaining can be based on industry at the national, sector, or company level
  • Income tax and social security are withheld from employee pay
  • Employers must contribute to social security
  • Foreign workers need a residence and work permit to work and live in Montenegro
  • There is an annual quota for hiring foreign workers, and employers must try to hire local talent before hiring a foreign worker

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