Montenegro and UAE Signed Double Taxation Agreement

The United Arab Emirates and Montenegro have signed a double taxation treaty and another agreement related to promotion and protection of investments.

The documents have been signed in Abu Dhabi, by Biljana Scekic, Montenegrin Deputy Minister of Finance, and Undersecretary of the Ministry of Finance of the UAE HE Younis Haji Khouri.

The purpose of these agreements is to promote and protect mutual operations, as well as to provide financial and tax benefits for private and public sector investments.

HE Al Khouri said that his country intended to promote and strengthen its relations with the Republic of Montenegro. He also added that Montenegro was very important for the entire region, in terms of investment flows towards other UAE’s partners in the EU.

The main advantage of these agreements is the exemption of government institutions from corporate taxes, dividend taxes, capital gain taxes and interest taxes.

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