During the second panel with moderator Ana Cmiljanić, IRF Executive Director Irena Radović, Head of the European Bank for Reconstruction and Development in Montenegro Remon Zakaria, General Secretary of the Union of Municipalities of Montenegro Mišela Manojlović and representative of Addico bank MNE Miloš Miketić.

The north of Montenegro has the potential to be a more developed region than the south. A prerequisite for this is the implementation of infrastructure projects that will bring its municipalities closer together and attract new investments, according to the participants of the first panel of the 4th Bjelo Polje Business Forum.

The Ministry of Economic Development and Tourism of Montenegro invites domestic micro, small and medium-sized enterprises and entrepreneurs to submit an application for participation in the procedure for the allocation of funds for the Program for the Improvement of the Competitiveness of the Economy.

The program for the development and promotion of crafts for 2023 enables encouragement of the Montenegrin crafts development by providing financial support for the purchase of equipment and tools for the performance of craft activities, as well as the organization's promotional activities and participation in domestic and international fairs and events and creation of promotional material.

The Ministry of Agriculture, Forestry and Water Management - Directorate for Payments announced the Fifth Public Call for the allocation of financial support funds for Measure 3: "Investments in physical capital for processing and marketing of agricultural and fishery products" Program for the development of agriculture and rural areas of Montenegro within the framework of IPARD- and II 2014–2020.

So far, six such zones have been formed, which include a limited construction space with conditions for development of a certain economic activity, the head of the Office for Local Economic Development of the Municipality of Bijelo Bijelo Polje, Dalibor Đogović, said to Radio Montenegro.

STRATEGIC DEVELOPMENT

CONTACT:

OFFICE FOR LOCAL ECONOMY DEVELOPMENT

TelL: +382 69 840 551

E-mail: kler@bijelopolje.co.me 

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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