Montenegro Zero Tax Company? 8 years tax free - Is it for you?

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Can you form a company in Montenegro and pay zero tax?
Yes, you can, under certain conditions!

Historically Montenegro was one of the few last countries in Europe with an extremely favorable tax regime. You'd pay 9% tax on all income and call it a day.

Unfortunately, recently they've introduced progressive taxation.
Progressive taxation of corporate profits is introduced as of 1 January 2022:
Profits up to €100,000 are subject to a 9% tax
Profits ranging from €100,000 to €1,500,000 are subject to a 12% tax
Profits over €1,500,000 are subject to a 15% tax
The withholding tax rate is increased to 15%

But there is a catch! If you form a company in the undeveloped northern region you can pay no tax on your profits, if you make up to 200 000 euros per year in profit.
Even though this is not a lot of money, some people can definitely take advantage of this system and pay zero tax in Montenegro.

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