|Local Time (LIVE):||6:18 PM|
|Local Currency:||$1 = €0.83|
|Business Language(s):||Montenegrin and English|
|Tax Year Dates:||1st January – 31st December|
Montenegro is a Balkan country set in the midst of rugged mountains, bordering Croatia, Bosnia, Serbia, Kosovo and Albania. It’s well-known for its medieval villages and wide stretch of beaches. It has a population of 633,000 and the two major languages are Serbian and Montenegrin.
Montenegro’s main exports are non-ferrous metals, electricity, beverages, and petroleum products. The country’s main export partners are Serbia, Hungary, Croatia, Greece, Germany, Italy, Bosnia and Herzegovina, Albania and Turkey.
Being a coastal country, getting around by boat and ferry is an ideal mode of transport in Montenegro. Boats and ferries travel along Montenegro’s coast, but can also be used to travel past its border. There are four main railway stations in Podgorica, the capital, these are Niksic, Tuzi, Bijelo Polje and Bar. Most train routes in Montenegro lead to these. Another alternative mode of travel in Montenegro would be renting a car. With a large choice of providers it can be easy to find a competitive rate.
International payroll and HR can present a number of difficulties for those not versed in the country’s employment legislation and regulations. Fortunately, IRIS FMP are here to help guide you and take care of compliance whilst you get on with the important day to day.
Details correct at time of publication. You should not rely on these details without first seeking professional international advice.