Overview

Capital
Podgorica
Currency
Macedonian Denar

Taxes

Employer
Employee

Minimum Wage

General
$10.55

Mandatory Benefits

Pension Fund
9.9%
4.95%

Termination

Termination Process
If the employee has been in the company for 3 months and less than a year, the notice period is 1 week. If from one year to 5 years, the notice period is 2 weeks. If from 5 years to less than 10 years, it is 4 weeks. From 10 years and over, its 8 weeks. Employees are entitled to a vacation pay for the days they haven’t taken during the termination. Its 4% or 6% depending on the length of the employment in the company.
Advance Notice
One month