The third Package of economic measures was presented to businessmen's from Bijelo Polje

Details: 10 August 2020

On initiative of the President of Municipality of Bijelo Polje, Petar Smolović, a Government of Montenegro delegation headed by the Minister of Economy Dragica Sekulić visited the Municipality today to discuss with businessmen's possibilities offered by the third Government Package of economic measures.

Minister Sekulić pointed out that "Third Package" is worth 1.22 million euros and it covers period of the next four years and that it implies additional investments in sectors of the Montenegrin economy.

"I thought that this was a good opportunity and an occasion to present to businessmen's possibilities offered by the third package of measures. What is characteristic of Bijelo Polje is that for the second package of measures alone, over 1.1 million euros were spent on employee salaries. Over 600 companies from Bijelo Polje used those subsidies "- Minister Sekulić said, emphasizing fact that, thanks to the possibilities from the Second Package of Measures, 116 new employees were registered in companies in Bijelo Polje.

President of the Municipality, Petar Smolović, said that today's meeting of businessmen's from Bijelo Polje with representatives of Government and state institutions is an opportunity to get even closer to the possibilities provided by the package of economic measures of the Government of Montenegro.

"We initiated this meeting in order to enable our businessmen direct contact with government representatives. Today, we had the opportunity to resolve our doubts in direct communication in order to enable our businessmen's to make the best use of all the advantages of the Third Package of Measures. It is fair to the local economy and these days we all must be on the same task - repairing the consequences and creating conditions for faster recovery and further development," President of the Municipality said.

IRF Director Zoran Vukčević said that the IRF has prepared 39 credit lines that are intended to support those sectors that are most affected by the pandemic, primarily mean tourism, agriculture and production. Within credit lines, a reprogram for existing loans has been provided, both for hoteliers and companies in tourism, as well as for those for farmers.

One of the most successful businessmen from Bijelo Polje and the president of the Economic Council, Hasan Ramović, said that the support measures would be very important for the economy and that, in addition to preserving jobs, they would create space for further development.

"It is a huge undertaking of the Government of Montenegro and a huge support for people who want to work and prove themselves," Ramovic concluded.

STRATEGIC DEVELOPMENT

APPLICATION FORM FOR BUSINESS ZONES

CONTACT:

OFFICE FOR LOCAL ECONOMY DEVELOPMENT

TelL: +382 69 840 551

E-mail: kler@bijelopolje.co.me

REAL ESTATES

ACCOMODATION:

e-CADASRE

e-LICENSE

USFULL LINKS:

Municipality of Bijelo Polje

Municipal Assembly of Bijelo Polje

Secretariat for the regulation of the area of Bijelo Polje Municipality

Government of Montenegro

Investment Development Fund

Tourist organization Bijelo Polje

Tourism organisation of Montenegro

Chamber of economy of Montenegro

UNDP

Union of municipatilies

Secretariat for Development Projects

Montenegrin employers federation

Employment Office of Montenegro

Portal Prekoveze

Portal zaposli.me

Association of montenegrin managers

Association of business women of Montenegro

Association of Entrepreneurs of Montenegro

BIJELO POLJE WEATHER

R E L I E F S:

Municipal Decision on tax reliefs

Article 4

Companies and entrepreneurs referred to in Article 3 shall be introduced and identified the following financial incentives:

exemption from payment of communal fee for construction land,
exemption from payment of the fee for the use of municipal roads,
exemption from payment of surtax on personal income tax,
exemption from paying tax on real estate above 0.1% of the market value of the real estate.

Article 5

The tax exemption from Article 4 item 1 investor (company and entrepreneur) is realized in the amount up to 7,000.00 euros per one newly employed worker, or newly opened workplace, and can be used only if by investing, it increases the number of employees for 5 or more employees.

The incentives referred to in Article 4 item 2, 3 and 4 of this Decision shall also apply to existing companies and entrepreneurs in the area of the Bijelo Polje municipality for the extension of the economic activity referred to in Article 3 of this Decision, and can only be used if the expansion increases the number of employees for 5 or more workers and is valid for a period of 3 (three) years.

Note: The new Regulation on Business Zones was adopted on December 13, 2016 and was published in the Official Journal of Montenegro, No. 77/2016.

The municipality is obliged to until 21.06.2018, in accordance with the Government Regulation, adopt a new Business Zone Decision.

We are also referring to the Decision on the fee for communal equipment for construction land that was published on 29.12.2015. in the "Official Journal of Montenegro - Municipal Regulations" No. 48/15.

Tax reliefs – New Government Regulation on business zones

Article 15

For employed people working in a business zones, the business zone user does not pay:

1) Contributions for compulsory social insurance for salaries (contributions for pension and disability insurance, contribution for health insurance, unemployment insurance contribution) and contributions for the Labor Fund;

2) Personal income tax;

The amount of the relief referred to in paragraph 1 of this Article can not exceed the maximum allowable aid intensity of 60% for medium and 70% for small companies, in accordance with the regulations governing state aid.

The user of the business zone may use the incentives referred to in paragraph 1 of this Article, for a maximum period of five years from the date of employment of persons in the business zone.

For the employee referred to in paragraph 1, item 1 of this Article, the user of the business zone calculates, suspends and pays the employee from the earnings of the employee: the contribution for the pension and invasive insurance at the rate of 15,0% contribution to health insurance at a rate of 8.5% and contribution to insurance against unemployment at a rate of 0.5% upon payment of earnings.

The basis for calculating the contribution referred to in paragraph 1 of this Article shall be gross employee earnings.

The user of the business zone pays the calculated surtax of income tax.

In addition to the relief referred to in paragraph 1 of this Article, the beneficiary of the business zone shall also exercise the right to other incentives in accordance with the law and special regulations governing state aid, although they must not exceed the maximum allowable amount of incentive in accordance with paragraph 2 of this Article.

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