General Provisions

Article 1

* Freedom of Enterprise
o The freedom to establish International Enterprise in the free trade zone of Montenegro is granted to all foreign individuals and legal entities by the terms defined in this law.
* The Incentives
o The Republic of Montenegro provides tax exemptions and other incentives to encourage the establishment of foreign companies.

Article 2

* Freedom of Opportunity
o Foreign companies are free to engage in all activity related to the global economy, including but not limited to: international trade, provision of financial, management, and consulting services; development of information technology; real estate activity; and audio-visual production and distribution.
* Business Partners
o Foreign company has no restrictions regarding to its business partners while operating in Montenegro. The companies are encouraged to cooperate with local businesses.

Article 3

* Business restrictions
o A company must adjust its operations according to environmental protection laws, health protection laws, and state security codes in the Republic.

Article 4

* Legal Safety
o Benefits such as rights, exemptions, and incentives defined by this law can not be modified for a period of 15 years.

Article 5

* Ownership Guarantee

o An enterprise in Montenegro will not be subject to nationalization or expropriation.

Article 6

* Contractual Employment
o Individual employment contracts can be drawn between employer and employees.

Article 7

* Definition of Terms
o "Foreign legal entity" is any foreign enterprise, company, corporation, partnership, or any other legal entity from abroad.
o "Foreign individual" is each individual who has been foreign resident for at least five years.
o "Company" is any enterprise, corporation or other legal entity which is registered to carry out business in the Republic, in accordance to the law.
o "Qualified individual" is a foreign individual employed by a company, or granted residency in Montenegro.

If you would like more information regarding asset protection, trusts, family limited partnerships or the subject of this article please call or email our office.