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Where is Montenegro located?

Montenegro is located in Southeast Europe. It is a Balkan country facing the Adriatic Sea.

Which countries are Montenegro's neighbors?

Croatia and Bosnia and Herzegovina are neighbors in the western part of Montenegro. The northern region neighbor is Serbia and the eastern region neighbor is Albania. It is located in the southern coastal area of the Adriatic Sea right across the Italy.

What is the are of Montenegro in km2?

Montenegro's surface area is 13,812 km2.

Which city is the Capital of Montenegro?

Podgorica is the capital of Montenegro. Montenegro's largest international airport is also located in Podgorica.

What languages are spoken in Montenegro?

The official language of Montenegro is Montenegrin. Other languages spoken are Bosnian, Serbian, Croatian and Albanian. The country's own language is strongly influenced by Serbian.

How do I fly to Montenegro?

You can easily fly via THY from Turkey. The country's largest international airport is located in Podgorica. Flights from Podgorica airport to Belgrade, Bari, Moscow, Rome, Ljubljana, Naples, Vienna, Frankfurt, Paris, Zurich, and London are available.
Tivat, which is located near Kotor, has international flights especially preferred by tourists. Montenegro's national airline is Montenegro Airlines.

Is maritime transport developed in Montenegro?

Montenegro’s maritime is highly developed in terms of passenger and cargo transportation. There are 5 seaports in Montenegro; Tivat, Kotor, Herceg Novi, Zelenika and Bar. Montenegro's most developed Bar port has 95% more capacity in cargo and passenger transport than other ports in the country.
There are regular cruises to Montenegro via Italy and Croatia.

What is the rate of value-added in Montenegro?

Value added tax is 0% for staple food products. The standard VAT rate is 19% for other products.
The corporate tax rate for domestic and foreign companies is 9%.

What is the Currency of Montenegro?

Euro is used in Montenegro as official currency.

What are property taxes in Montenegro?

The tax rate for buying and selling property is 3%. Companies' tax arrangement for buying and selling property is 3% + 21%

How can I get a residence permit for my child over the age of 18?

You can make your child a partner in your active company or show your child as an employee in your company. This way, your child over the age of 18 can easily obtain a residence permit in Montenegro.

Do I need to come to Montenegro to start a company and what documents do I need?

You do not need to be in Montenegro to establish the company because of the power of attorney you give us. We do all the paperwork for you by proxy. Once the company is established, you have to come to Montenegro for a short period of time for a medical report and bank transactions.
Documents for Establishing Companies in Montenegro:
A notarized copy of the passport of the company owner and company manager
Notarized copy of criminal record.
Notarized diploma copy from your last school. (A copy of a notarized transcript if you are a university graduate).
Notarized marriage certificate and birth certificates for the spouse and children of the owner.
Notarized and signed Power of Attorney.
The founder of the company must provide the name of the company and the field in which it will operate. The documents required for establishing the company such as the Board Decisions, Registration Forms, Association Article, Contracts, etc. are all prepared by us.

Can there be more than one manager in the established company?

The company cannot have more than one manager. The owner of the company may, if he / she wishes, approve that a second person have equal powers as manager in the company.

What documents do I need to buy a house in Montenegro?

Turkish citizens can purchase house in Montenegro with their identity card and 2 photos. Passport and 2 photos are sufficient for other investors.

Does Montenegro apply visa to Turkish citizens? Are there visas in Montenegro?

Montenegro does not require visa for Turkish citizens. Turkish citizens can travel to Montenegro with their current passports whenever they want. They are entitled to stay in Montenegro for a maximum of 90 days.

How many schools and universities are there in Montenegro?

There are 437 primary and 49 high schools in Montenegro. There are 3 universities in the country.

How many months of maternity leave allowed in Montenegro?

Maternity leave for working women in Montenegro is 365 days. During this period, salaries are paid by the employer. These salaries are fully refunded by the state to the employer.

What are the official holidays of Montenegro?

Official holidays in Montenegro:
January 1-2; New Year
7 January; Christmas
5 April; Easter
May 1-2; Labor Day
21 May; Independence Day
13 July; National Day of Montenegro

What are the business opportunities in Montenegro?

Montenegro is a developing country in terms of available jobs. Especially tourism is the most prominent sector. There are important government incentives for livestock, agriculture and industrial sectors. There are also many incentives for industrial investments in the northern part.
Moreover, furniture business, which is one of the low-competitive business segments, has high profit opportunities in the long term.
There are deficits in restaurants, textiles and construction areas. These sectors will offer you plenty of income potential if you have experience in related sectors.

Map of Montenegro

Flag of Montenegro

On 13 July 2004, the Montenegrin flag was adopted by the Montenegrin government with state symbols.

What is Montenegro's population?

According to 2017 data, the population of Montenegro is 622,471.

How is the climate in Montenegro?

There is a Mediterranean climate in the southern part of Montenegro and a continental climate in the central and northern parts. It is dry and windy in summer and rainy in winter. There are facilities suitable for winter sports in the mountains located in the northern parts.

What is Montenegro's religion?

Montenegro is a multi-religious state. Christian, Jewish, Islamic, Catholic and other religions exist.

List of cities in Montenegro?

Cities of Montenegro: Andrijevica, Bar, Stari Bar, Sutomore, Virpazar, Berane, Bijelo Polje, Becici, Petrovac, Sveti Stefan, Cetinje, Rijeka Crnojevica, Danilovgrad, Spuz, Bijela, Igalo, Herceg Novi, Zelenika, Kolasin, Dobrota, Kotor, Perast, Prcanj, Mojkovac, Niksic, Gusinje, Plav, Pluzine, Gradac, Pljevlja, Podgorica, Tuzi, Rozaje, Savnik, Donja Lastva, Tivat, Ulcinj, Zabljak

How can I travel to Montenegro?

You can visit Montenegro by plane, train or highway. There are regular flights to Podgorica airport every day.

How many airports are there in Montenegro?

There are two international airports in Montenegro. These are Podgorica and Tivat airports. There are regular flights to Podgorica from all European centers. Tivat airport offers flights to Paris, Belgrade and Moscow.

Where is the Embassy of Montenegro?

Consulate of Montenegro in Istanbul is located in Besiktas. The Montenegrin consulate in Ankara is located in Çankaya. Contact Details: 0312.436 46 98. There are also centers in İzmir and İskenderun. Turkish Embassy in Montenegro is located in Podgorica.

Do I have to live in Montenegro after establishing a company in Montenegro?

The company you establish in Montenegro may be active or passive. It is not mandatory to live in Montenegro to maintain your work and residency permits. You can deposit your insurance premiums and tax returns through consultant companies.

What is the minimum wage in Montenegro?

The minimum wage in Montenegro is 222 euros. In general, salaries vary between 300 and 500 euros.

When did Montenegro declare its independence?

Montenegro declared its independence in 2006.

What is Montenegro's time zone?

Montenegro's time zone is the Western European time zone (GMT + 01: 00).

What is the ethnic structure of Montenegro?

In Montenegro, 43% of the population is Montenegrin, 32% Serbian, 9% Bosniac, 7% Albanians and 1% is Croatians.

When will Montenegro be a member of the European Union?

Montenegro is expected to become an EU member between the years 2021-2025. The next EU member will certainly be Montenegro.

Are there public and private hospitals in Montenegro?

There are state hospitals in Montenegro. Employees whose insurance premiums are paid regularly can benefit from these hospitals free of charge. Private hospitals are also emerging in the country.

Which countries do foreign trade in Montenegro?

Montenegro is engaged in trade with many European countries, especially with the neighboring Balkan countries. Russia, Slovenia, Switzerland, Luxembourg, Austria, Turkey, Germany and the Netherlands are the main trading partners of Montenegro.

Can foreign investors buy real estate in Montenegro?

Foreign investors in Montenegro can buy real estate, there are no restrictions. You can get a residence and work permit in a short period of time with the real estates you purchase.

What is Montenegro's form of government?

Montenegro is governed by parliamentary democracy. The President is elected by the people. The legal system used is the Continental European legal system.

How is Montenegrin banking system?

The Montenegrin banking system is well developed and many transactions can be made online. All the banks in the country were privatized. There are a total of 11 Montenegrin banks. In addition, the Ziraat Bank also has branches in Podgorica, Budva and Bar.