Commission for Allocation of Funds for Financing Projects for Young Entrepreneurs pursuant to Articles 3 and 5 of the Decision on Allocation of Funds for Financing Projects for Young Entrepreneurs in 2021 ("Official Gazette of Montenegro - Municipal Regulations", No. 36/21)


for the distribution of funds for financing projects for young entrepreneurs in 2021

The public call was designed in cooperation with the Ministry of Economic Development of Montenegro (MED), through the joint creation of a priority grant scheme, so that grants in the total value of 200,000 euros are distributed through the project "Norway for you - Montenegro", allocated by the Kingdom of Norway. Aim is to support small businesses in the sectors of sustainable agriculture and food production chain, sustainable and health tourism, information technology, manufacturing and creative industries.

Members of the Council for Economic Development of the Municipality of Bijelo Polje supported the Draft Decision on amending the Decision on the Budget of Municipality Bijelo Polje for 2021, which will be presented to members of the local parliament on october 30.

The Municipality of Bijelo Polje, in order to compile the highest quality local capital budget for 2022, has created an application through which citizens will be able to candidate new projects for implementation in the coming year.

President Petar Smolović talked with the owner of the Turkish holding company "Torkam" Mahmut Dereli and representatives of the company who were guests at the Business Forum in Bijelo Polje.

The Business Forum of the Diaspora of Montenegro and the II Bijelo Polje Business Forum were held today in Bijelo Polje as part of the event "Days of Diaspora Emigrants" in Bijelo Polje.




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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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