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Comprehensive Employment and Tax Guide Montenegro

General Overview

- Currency: Euro (EUR)
- Languages: Daily and business communication in Montenegrin.
- Public Holidays: Total of 13 days national public holidays.
- Capital: Podgorica
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not established.

Tax Essentials

- Income Tax Range: From 9% to 11%.
- Other Taxes: VAT 21%, Corporate tax 9%.

Social Security Contributions

- Employer Charges: From Approx. 10.3%.
- Employee Charges: From Approx. 24.0%.

Employment Contracts & Conditions

- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 6 months.
- Paid Holiday: 20 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice period varies, typically 1-3 months.

Legal Benefits for Employees

- Medical Coverage: State (basic healthcare included).
- Common Non-Compulsory Benefits: Additional health insurance, meal vouchers.

Hiring Non-Resident/Non-European Workers

- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: General work permit process; specific programs not detailed.
- Visa & Work Permits Timelines: Up to 3 months.

The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.