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Import to Montenegro
Montenegro, located in eastern Europe, is rapidly emerging as a promising hub for international trade. With a rise in mobile and internet connectivity and strategic investments in digital infrastructure, the country is positioning itself as an attractive destination for tech-driven investments and innovation.
Tax
up to 21%
Duties
up to 10%
Lead Times
4-5 weeks
Restricted Items
Permit Required for Certain Wireless Goods
Best Carrier Option
Courier or Freight Forwarder
Non-Working Days
Saturday, Sunday, and Public Holidays
Prominent Language
Montenegrin, Bosnian, Croatian, Serbian, and Albanian
Trade Landscape of Montenegro
Montenegro is open to trade, with strong ICT-related legislation that is closely aligned with European Union (EU) legislation, making it easier for global businesses to enter and operate in the country. Its telecommunications sector is fully privatised, generating an annual turnover of €350 million and highlighting the country’s potential as an attractive destination for tech investments.
Although not part of the European Union, Montenegro uses the Euro as its official currency and has signed a Stabilisation and Association Agreement (SAA) with the EU, which allows for deeper economic integration.
In addition, Montenegro is a member of the Central European Free Trade Agreement (CEFTA) and has a trade agreement with the European Free Trade Association (EFTA), further enhancing its access to regional and international markets. Its strategic location between the Adriatic Sea and the Western Balkans further promotes easy access to Montenegro.
Population
0.631M
Biggest Industry by Export
Electrical Energy
Capital City
Podgorica
Biggest Industry by Import
Mineral Fuels
Unique Pain Points for Imports to Montenegro
Wireless Goods
Additional requirements and documentation are necessary for wireless goods. To successfully import wireless goods into Montenegro, importers must conform to the Declaration of Conformity (DoC), CE marking, and other safety checks. If done incorrectly, delays and financial penalties will occur. TecEx has successfully delivered all goods into Montenegro, ensuring complete compliance accuracy.
Second-Hand Goods
When importing second-hand goods into Montenegro, extra regulations need to be followed with extra attention. This can be complicated, resulting in a lengthy process. Accuracy is crucial so that there is no holdup during customs. TecEx has experience dealing with second-hand goods and will ensure all additional compliance is met to get your tech goods into Montenegro.
Countries Associated with Montenegro
Asia
China
Europe
Germany
TecEx Expertise for Imports to Montenegro
Through our specialized Delivered Duty Paid (DDP) shipping solution, TecEx is positioned to act as your Importer of Record. Under the DDP incoterm, we handle the entire process for you, from pre-compliance to customs clearance and final delivery, getting your goods where they need to be in Montenegro.
TecEx also has a deep understanding of all the trade agreements and regulatory frameworks that Montenegro has with its trading partners, including alignment with the EU trade and customs standards. Leveraging our expertise, we will take care of the entire import and export process on your behalf, ensuring a stress-free experience.
Specific Compliance Regulations for Montenegro
EORI number for Exports from Montenegro
Montenegro’s location in Southeastern Europe has led to the majority of its trade partners being in Europe. Yet, because Montenegro is not part of the EU, it requires an EORI number for all goods being exported from Montenegro to other EU countries.
Complex Documentation
Importing and exporting tech equipment involves significant risks and administrative burdens. This involves securing the necessary permits and documentation, such as a commercial invoice, packing list, bill of lading, and single administrative documents. Ensuring these documents are in the correct language applicable to Montenegro is also a hurdle to overcome. TecEx will handle all documentation and assist with clear and accurate translations where necessary.
Montenegro and Audits
Imports into Montenegro also require maintaining detailed records for audits, sometimes up to 10 years after the import. This immense administration is often overwhelming when handled alone. We will handle the entire process, ensuring all records are stored and in order.
Your Global Solution for Imports to Montenegro
Start importing into Montenegro today, and let TecEx provide you with a tailored import solution to meet all your needs.
