Business and Residency in Montenegro: Low Taxes, No Physical Presence Required (Personal Experience)

In this YouTube video, Herman Kman discusses the benefits of establishing Residency and setting up a business in Montenegro, highlighting its favorable tax environment and the ease of Company Registration.

Main Financial Strategies and Market Analyses:

• Residency through Company Registration: To obtain Residency in Montenegro, one must establish a company, which can be done online within 8 to 10 days without a minimum capital requirement.
• Tax-Friendly Environment: Montenegro offers a Corporate Tax rate of 9% for profits under €100,000 annually. The strategy presented suggests structuring the company to minimize tax liabilities, allowing only for a monthly salary expense and associated taxes.
• Low Monthly Salary Requirement: A minimum salary of €450 plus approximately €100 in taxes is required, which can be managed by the business owner themselves.
• No Physical Presence Required: The Residency permit application can be made without the need to reside in Montenegro, making it attractive for remote business owners.

Methodology/Step-by-Step Guide:

• Set Up a Company:
  • Register the company online.
  • Complete the registration within 8 to 10 days.
• Employment Requirement:
  • Hire at least one employee (can be the owner).
  • Pay a minimum salary of €450 plus taxes.
• Monthly Accounting:
  • Engage an accountant for monthly reporting.
• Address Requirement:
  • Obtain a local address in Montenegro for business operations.

Presenters/Sources:

• Herman Kman, CEO of the company discussed in the video.