Montenegro
Montenegro provides its own Gambling license, which is ideal for casino operators and software developers.
Apart from that Montenegro has one of the most dynamic economies in the region as well as its low flat corporate tax rate and good geographic location. While company registration process is easy and straightforward.
Even though Montenegro is not a tax heaven, local companies can benefit from one the lowest corporate tax rates in Europe, which currently stands at 9%. While 0% Tax on Bets makes Montenegro even more attractive for Gambling license holders.
There are no requirements for minimum paid up share capital. Information about directors and shareholders is public. All companies must have a registered address in Montenegro. The company must file annual audited financial statements.
In order to make the first steps toward receiving of any Gambling licenses you have to establish a legal entity/company.
VS Consulting can assist you in proper company formation, structuring and statutory maintenance in Montenegro. We will make sure that your legal structure correspond to all the requirements which an applicant has to fulfill in order to obtain the license.
Special notes
Local director is required
Corporate Income Tax - 9%
VAT - 21%
Tax on Bets – 0%
Minimum share capital – €1
Withholding tax on Dividends - 9%
KYC and AML requirements
All our clients prior onboarding have to go through our Due Diligence procedure which includes our AML and KYC checks.