Quick answer — Montenegro d.o.o. at a glance. A Montenegrin d.o.o. can be registered with the Central Registry of Business Entities in a few working days, with share capital from €1. Corporate tax is progressive: 9% on profit up to €100,000, 12% up to €1.5 million and 15% above. Montenegro uses the euro and offers a digital nomad visa, but income earned through a local company is Montenegrin-source and does not benefit from the nomad exemption.
Montenegro combines an Adriatic coastline, the euro as its currency, low corporate tax and simple company registration. As an EU candidate country it is aligning its rules with EU standards, but for now it remains outside the EU — which means no EU VAT number and generally lighter compliance than inside the Union.
For location-independent founders, Montenegro offers two separate routes. The digital nomad visa lets you live there while working for foreign employers or your own foreign company, with that foreign income exempt from Montenegrin income tax. A Montenegrin d.o.o. is for founders who want to run their business from Montenegro, paying the low local corporate tax instead.
It does not suit nomad visa holders who only work for foreign clients, or founders who need an EU VAT number. It is not designed for locally employed expats.
Comparing options outside the EU? See our guide to low-tax countries in Europe outside the EU.
If you are comparing destinations, see Serbian preduzetnik vs d.o.o. and Andorra company formation costs.
The digital nomad visa is designed for people working remotely for foreign employers or their own foreign company. Income under it from foreign sources is exempt from Montenegrin income tax. A Montenegrin d.o.o. is a local taxpayer: its profits are Montenegrin-source and taxed locally, and running it typically requires a residence permit based on business or work.
You become Montenegrin tax resident if you have a residence or centre of interests in Montenegro, or spend more than 183 days there in a year. Residents are taxed on worldwide income, unless an exemption such as the nomad regime applies.
A d.o.o. registered in Montenegro is resident there. If you run it from abroad, your country of residence may claim it is managed there.
Amounts are indicative.
About 23% overall for a resident founder taking all profits as dividends. Retaining profits keeps the burden at 9%.
Montenegrin banks open accounts for foreign-owned d.o.o.s, usually with an in-person visit and standard KYC documents. Euro accounts make payments within Europe straightforward.
The Montenegro Business Bank Comparison Guide compares the main banks for new d.o.o.s — get it when you start your Montenegrin setup with Heavnn.
Corporate tax is progressive: 9% on profit up to €100,000, 12% from €100,000 to €1.5 million, and 15% above.
Yes. Foreigners can own 100% of a d.o.o., which can be registered with share capital from €1.
Yes. Montenegro uses the euro as its currency, although it is not part of the eurozone or the EU.
The nomad visa is designed for remote work for foreign employers or your own foreign company. Income earned through a Montenegrin company is local income and does not benefit from the nomad exemption.
Dividends paid to individuals are taxed at 15%.
In Montenegro, the nomad visa and a local company serve different needs. Heavnn tells you which one fits.
Start your Montenegrin setup with Heavnn →
This guide is general information, not tax or legal advice. Rates and fees are indicative as of October 2026.
