HR & Labor
The minimum wage is 753 EUR per month.
The employer contributes 5.5% of the employee wages. Contributions are capped at 50,000 EUR per year.
The employee contributes 15%. Contributions are capped at 50,000 EUR per year.
The severance pay is 6 months of employee’s average wages.
The employee must provide the employer with 30 days notice.
The employer must provide at least 30 days notice.
The number of sick days that the employee is entitled to is decided between the employer and employee at the initial hiring stage. The employee must inform the employer in first 3 days of the illness.
There are 15 official paid holidays.
Employees are entitled to at least 21 days of paid vacation.
Expats are entitled to purchase property in Montenegro.
Additional Employee Withholdings
1) Health Insurance
1) Employer must contribute 4.3%
2) Employer must contribute 0.5%
1) Employee must contribute 8.5%
2) Employee must contribute 0.5%
VAT is 19% standard rate.