The Government of Montenegro adopted the regulation on business zones at the cabinet meeting on Thursday.

regulation
“This document sets out the conditions for establishing business zones, their classification according to the strategic importance, as well as setting up, operating conditions and activities that can be performed in them, as well as incentives for users of the business zones”, the government stated.

The government pointed out that the new solutions would significantly affect the formation of a single system for establishing and managing business zones of strategic and local importance, which will boost investor interest, contribute to increasing the number of small and medium-sized enterprises and job creation.

For the first time, the regulation also defines tax breaks that are applied only to employers who hire persons within the business areas.

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