Information on joint projects and cooperation with the World Bank (WB) and the World Bank Group (IFC) - Register of incentive measures for investments 2024

English

Details: 22 July 2024

The Ministry of Economic Development, in cooperation with the World Bank Group and state institutions, has finished updating the Register of Incentive Measures for Investments for 2024. The register presents a comprehensive overview of available financial and non-financial support measures from the Government of Montenegro and state institutions, intended for domestic and foreign investors.

The register is primarily intended for entrepreneurs and the sector of micro, small and medium-sized enterprises, but also for craftsmen and the private sector in order to obtain information on incentive measures for the improvement of economic activity for the year 2024.

The purpose of creating the Register of Incentive Measures for Investments is recognized by the Action Plan of the Regional Agenda for Investment Reforms (RIRA), which is implemented within the multi-year Action Plan for the Regional Economic Area in the Western Balkans (MAP REA). The goal of the Regional Investment Reform Agenda is to improve the attractiveness of the Western Balkans region for foreigners, as well as for regional investors, which would enable a greater inflow of investments and achieve a greater degree of entrepreneurial activity, trade, as well as the creation of new jobs. From 2021, this activity is incorporated as a framework of the Common Regional Market CRM (2021-2024).

The Ministry of Economic Development has completed the Register of incentive measures for investments for 2024, which contains 61 incentive measures of various forms. These investment incentives target different segments of the economy and sectors of economic activity. This primarily refers to financial and non-financial support, up to tax and other fiscal incentives/facilities. Financial and non-financial incentives refer to the purchase of equipment, machinery, incentives for agriculture, science, the tourism sector, incentives for innovations and innovative activities, sustainable economic development, as well as incentives for renewable and hybrid energy, etc.

With the intention of ensuring the long-term benefits of using the data available in the Register, the Ministry of Economic Development of Montenegro will plan and coordinate with line ministries, public institutions, national funds and the World Bank Group to regularly update the register so that potential investors, interested parties and the public have accurate and complete information about the Registry in real time, which would further encourage investment activity in Montenegro.

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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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