“With its sunny beaches and high mountains, Montenegro has recently developed into a prime tourist destination in the region. In addition, Montenegrin legislation is more than open to foreign investment, with low taxes being the primary cause,” Vujacic begins, pointing to the country’s annual corporate tax rate of 15%. “Generally, for a foreigner to establish...

One of the changes in the Corporate Income Tax Law is the introduction of incentives for businesses investing in agriculture and sports. Legal entities can now receive tax exemptions when reinvesting profits into agricultural projects or other agricultural entities – an attempt to boost Montenegro’s agricultural sector by reducing businesses’ tax liabilities. Additionally, companies can deduct up...

Our partner, Milan Keker, recently delivered an engaging lecture on the latest trends in the regulation of Artificial Intelligence to second-year students in the Master’s Program at Pravni fakultet Univerzitet Crne Gore. In a world that is rapidly evolving, understanding AI developments is crucial for the next generation of legal professionals. The lecture, titled “Trends...

Milan Keker, Partner at KBP Legal, was featured in CEE Legal Matters, where he shared valuable insights into Montenegro’s financial sector. In the interview, Milan highlighted the country’s record-breaking deposit growth and discussed the expanding opportunities within the renewable energy sector. “Montenegro’s financial landscape has recently seen significant developments,” Keker points out. “Deposits in local...

On July 19, 2024, the Ministry of Internal Affairs introduced a new Rulebook for the registration, updating, verification, and access to information in the UBO Register. Starting July 27, 2024, entities established before the new Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Law (effective December 12, 2023) must comply by registering or updating...

Before founding KBP Legal, Partner Milan Keker was the Head of Harrisons Podgorica office since 2018 (as reported by CEE Legal Matters on September 26, 2018). Keker first joined Harrisons in 2017. Before that, he worked for Karanovic & Partners between 2012 and 2017. Earlier still, he worked for Jovovic, Mugosa and Vukovic between 2010 and 2012. In 2022, Keker was featured in...