Customs free zone in Montenegro PDF Print E-mail
They are one form of stimulation for foreign investment in Montenegro and for attaining foreign investment through a special legal and economical regime, which is used for operation of companies, registered for conducting business activity in the area of free zone. With Act for companies, which are incorporated and operate under special conditions, the foreign legal and natural persons are enabled a free incorporation of a company with business activity of international trade, export of domestic products and services, provision of financial and non-financial services, management, consulting services and other.
• They enable an increase in export, transfer of modern technology of foreign investors, a higher employment of local population.
• Business operation in the zone is prohibited to companies with an ecologically controversial production and for those, which are engaged in defence industry.

The main argument for business operations within the free zone are numerous reliefs:
• exemption from 9% corporate income tax,
• for goods, entered into free zone, no customs, customs fees and 17% Value Added Tax is paid – this is also valid for import of goods for construction and maintenance of buildings, infrastructure and equipment in zone or warehouse,
• for import of goods and export abroad, there are no contingents, permissions or other limitations of external trade traffic,
• investment of capital in the area of zone or warehouse, transfer of profits and participations is not restricted,
• tax on real estate and on property, which is owned by the company in the zone does not have to be paid,
• legal protection of users and managers is specially ensured with the order, according to which their property can not be a subject of nationalisation and expropriation,
• for employees in the company within the zone, only pension and disability (6%) and health insurance (4%) must be paid.
• cost of working force is low – average salary in Montenegro is around 200 EUR.