Montenegro
On this page you will find beneficial information regarding foreign direct investment in / trading with Montenegro. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 619,211 (2021)
GDP: 5.861 billion USD (2021)
Corporate Tax Rate: 15%
Personal Income Tax Rate: 9% - 15%
Major Exports: Copper Ore ($117M), Raw Aluminium ($102M), Electricity ($75.4M), Dried Legumes ($71.9M), and Packaged Medicaments ($58.9M), exporting mostly to Serbia ($130M), Spain ($93.9M), Pakistan ($78.1M), Switzerland ($63.4M), and South Korea ($47.2M).
Major Imports: Refined Petroleum ($374M), Electricity ($133M), Packaged Medicaments ($113M), Cars ($112M), and Recreational Boats ($87.2M), importing mostly from Serbia ($961M), Greece ($355M), Croatia ($276M), China ($266M), and Bosnia and Herzegovina ($235M).
Investment Agency: The Montenegrin Foreign Investors’ Council - the MFIC
Website: https://mfic.me/montenegro
National Chamber of Commerce: Chamber of Economy of Montenegro
Website: https://komora.me/
Customs Agency: Montenegro Customs Administration
Website: https://info.carina.co.me/
