Doing Business 2017: Summary of Montenegro
Core Content
The Doing Business 2017 report provides an overview of the regulatory environment for small and medium-sized businesses in Montenegro. It evaluates 11 key areas of business regulation and compares Montenegro's performance with other economies in the region and globally. The report does not include labor market regulation in its aggregate ranking but presents the data in the economy profile.
Main Topics and Indicators
The report focuses on the following 10 indicators:
- Starting a Business
- Dealing with Construction Permits
- Getting Electricity
- Registering Property
- Getting Credit
- Protecting Minority Investors
- Paying Taxes
- Trading across Borders
- Enforcing Contracts
- Resolving Insolvency
Each indicator is assessed using a Distance to Frontier (DTF) score and a Rank. The DTF score measures how close an economy is to the best regulatory practices, while the rank shows how it compares with other economies.
Key Information
Economy Overview
- Region: Europe & Central Asia
- Income Category: Upper middle income
- Population: 622,388
- GNI per capita (US$): 7,240
- DB2017 Rank: 51
- DB2016 Rank: 48
- Change in Rank: -3
- DB2017 DTF Score: 72.08
- DB2016 DTF Score: 71.47
- Change in DTF: +0.61
Methodology and Changes in 2017
- New Features: The report includes a gender dimension in four indicators (starting a business, registering property, enforcing contracts, and labor market regulation).
- Expanded Coverage: Data on Somalia were added, bringing the total number of economies covered to 190.
- Paying Taxes: This indicator was expanded to include postfiling processes such as tax refunds, audits, and appeals.
- Comparisons: The report allows comparison with comparator economies and provides insights into the effectiveness of regulatory reforms.
Key Indicators for Montenegro
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Starting a Business (Rank) |
58 |
53 |
Bosnia and Herzegovina (174), Bulgaria (82), Croatia (95), Hungary (75), Macedonia (11), Serbia (47) |
New Zealand (1) |
| Starting a Business (DTF Score) |
90.07 |
90.06 |
Bosnia and Herzegovina (65.09), Bulgaria (86.82), Croatia (85.56), Hungary (87.28), Macedonia (98.14), Serbia (91.67) |
New Zealand (99.96) |
| Procedures (Men) |
6.0 |
6.0 |
Bosnia and Herzegovina (12.0), Bulgaria (6.0), Croatia (8.0), Hungary (6.0), Macedonia (9.0), Serbia (12.0) |
New Zealand (1.0) |
| Time (Men) (days) |
10.0 |
10.0 |
Bosnia and Herzegovina (65.0), Bulgaria (23.0), Croatia (7.0), Hungary (7.0), Macedonia (2.0), Serbia (7.0) |
New Zealand (0.5) |
| Cost (Men) (% of income per capita) |
1.5 |
1.6 |
Bosnia and Herzegovina (13.5), Bulgaria (1.3), Croatia (7.3), Hungary (7.1), Macedonia (0.1), Serbia (6.5) |
Slovenia (0.0) |
| Procedures (Women) |
6.0 |
6.0 |
Bosnia and Herzegovina (12.0), Bulgaria (6.0), Croatia (8.0), Hungary (6.0), Macedonia (9.0), Serbia (12.0) |
New Zealand (1.0) |
| Time (Women) (days) |
10.0 |
10.0 |
Bosnia and Herzegovina (65.0), Bulgaria (23.0), Croatia (7.0), Hungary (7.0), Macedonia (2.0), Serbia (7.0) |
New Zealand (0.5) |
| Cost (Women) (% of income per capita) |
1.5 |
1.6 |
Bosnia and Herzegovina (13.5), Bulgaria (1.3), Croatia (7.3), Hungary (7.1), Macedonia (0.1), Serbia (6.5) |
Slovenia (0.0) |
| Paid-in Minimum Capital (% of income per capita) |
0.0 |
0.0 |
Bosnia and Herzegovina (13.4), Bulgaria (0.0), Croatia (25.5), Hungary (45.5), Macedonia (0.0), Serbia (0.0) |
127 Economies (0.0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Dealing with Construction Permits (Rank) |
93 |
99 |
Bosnia and Herzegovina (170), Bulgaria (48), Croatia (128), Hungary (69), Macedonia (29), Serbia (92) |
New Zealand (1) |
| Dealing with Construction Permits (DTF Score) |
68.82 |
68.05 |
Bosnia and Herzegovina (52.54), Bulgaria (75.06), Croatia (63.41), Hungary (71.70), Macedonia (84.51), Serbia (69.93) |
New Zealand (87.40) |
| Procedures |
8.0 |
8.0 |
Bosnia and Herzegovina (15.0), Bulgaria (16.0), Croatia (19.0), Hungary (17.0), Macedonia (9.0), Serbia (12.0) |
15 Economies (3.0) |
| Time (days) |
152.0 |
152.0 |
Bosnia and Herzegovina (179.0), Bulgaria (130.0), Croatia (65.0), Hungary (257.0), Macedonia (97.0), Serbia (125.0) |
Korea, Rep. (18.0) |
| Cost (% of warehouse value) |
11.3 |
11.9 |
Bosnia and Herzegovina (18.5), Bulgaria (3.9), Croatia (8.3), Hungary (0.2), Macedonia (5.1), Serbia (3.2) |
Trinidad and Tobago (0.1) |
| Building Quality Control Index (0-15) |
12.0 |
12.0 |
Bosnia and Herzegovina (13.0), Bulgaria (13.0), Croatia (12.0), Hungary (13.0), Macedonia (13.0), Serbia (13.0) |
Luxembourg (15.0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Getting Electricity (Rank) |
167 |
165 |
Bosnia and Herzegovina (123), Bulgaria (104), Croatia (68), Hungary (121), Macedonia (29), Serbia (92) |
Korea, Rep. (1) |
| Getting Electricity (DTF Score) |
43.50 |
43.42 |
Bosnia and Herzegovina (60.05), Bulgaria (64.97), Croatia (76.25), Hungary (60.13), Macedonia (84.51), Serbia (69.93) |
Korea, Rep. (99.88) |
| Procedures |
7.0 |
7.0 |
Bosnia and Herzegovina (8.0), Bulgaria (6.0), Croatia (5.0), Hungary (5.0), Macedonia (3.0), Serbia (5.0) |
15 Economies (3.0) |
| Time (days) |
142.0 |
142.0 |
Bosnia and Herzegovina (125.0), Bulgaria (130.0), Croatia (65.0), Hungary (257.0), Macedonia (97.0), Serbia (125.0) |
Korea, Rep. (18.0) |
| Cost (% of income per capita) |
440.5 |
464.8 |
Bosnia and Herzegovina (400.2), Bulgaria (318.3), Croatia (303.2), Hungary (93.9), Macedonia (3.2), Serbia (235.8) |
Japan (0.0) |
| Reliability of Supply and Transparency of Tariff Index (0-8) |
0.0 |
0.0 |
Bosnia and Herzegovina (6.0), Bulgaria (5.0), Croatia (5.0), Hungary (6.0), Macedonia (6.0), Serbia (5.0) |
26 Economies (8.0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Registering Property (Rank) |
78 |
77 |
Bosnia and Herzegovina (99), Bulgaria (60), Croatia (62), Hungary (28), Macedonia (48), Serbia (56) |
New Zealand (1) |
| Registering Property (DTF Score) |
65.82 |
65.81 |
Bosnia and Herzegovina (61.54), Bulgaria (70.19), Croatia (69.77), Hungary (80.08), Macedonia (74.05), Serbia (71.31) |
New Zealand (94.46) |
| Procedures (number) |
6.0 |
6.0 |
Bosnia and Herzegovina (7.0), Bulgaria (8.0), Croatia (5.0), Hungary (4.0), Macedonia (7.0), Serbia (6.0) |
4 Economies (1.0) |
| Quality of Land Administration Index (0-30) |
17.5 |
17.5 |
Bosnia and Herzegovina (12.5), Bulgaria (19.0), Croatia (22.5), Hungary (26.0), Macedonia (24.5), Serbia (16.5) |
Singapore (29.0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Getting Credit (Rank) |
7 |
7 |
Bosnia and Herzegovina (44), Bulgaria (32), Croatia (75), Hungary (20), Macedonia (16), Serbia (44) |
New Zealand (1) |
| Getting Credit (DTF Score) |
85.00 |
85.00 |
Bosnia and Herzegovina (65.00), Bulgaria (70.00), Croatia (55.00), Hungary (75.00), Macedonia (80.00), Serbia (65.00) |
New Zealand (100.00) |
| Strength of Legal Rights Index (0-12) |
12.0 |
12.0 |
Bosnia and Herzegovina (7.0), Bulgaria (9.0), Croatia (5.0), Hungary (10.0), Macedonia (9.0), Serbia (6.0) |
New Zealand (12.0) |
| Depth of Credit Information Index (0-8) |
5.0 |
5.0 |
Bosnia and Herzegovina (6.0), Bulgaria (5.0), Croatia (6.0), Hungary (5.0), Macedonia (7.0), Serbia (7.0) |
30 Economies (8.0) |
| Credit Registry Coverage (% of adults) |
30.8 |
26.4 |
Bosnia and Herzegovina (37.6), Bulgaria (66.9), Croatia (0.0), Hungary (89.8), Macedonia (40.0), Serbia (0.0) |
3 Economies (100.0) |
| Credit Bureau Coverage (% of adults) |
0.0 |
0.0 |
Bosnia and Herzegovina (10.4), Bulgaria (0.0), Croatia (100.0), Hungary (89.8), Macedonia (94.5), Serbia (100.0) |
23 Economies (100.0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Protecting Minority Investors (Rank) |
42 |
40 |
Bosnia and Herzegovina (81), Bulgaria (13), Croatia (27), Hungary (81), Macedonia (13), Serbia (70) |
New Zealand (1) |
| Protecting Minority Investors (DTF Score) |
63.33 |
63.33 |
Bosnia and Herzegovina (55.00), Bulgaria (73.33), Croatia (66.67), Hungary (55.00), Macedonia (73.33), Serbia (56.67) |
New Zealand (83.33) |
| Strength of Minority Investor Protection Index (0-10) |
6.3 |
6.3 |
Bosnia and Herzegovina (5.5), Bulgaria (7.3), Croatia (6.7), Hungary (5.5), Macedonia (7.3), Serbia (5.7) |
New Zealand (8.3) |
| Extent of Conflict of Interest Regulation Index (0-10) |
6.3 |
6.3 |
Bosnia and Herzegovina (4.7), Bulgaria (6.7), Croatia (5.7), Hungary (4.0), Macedonia (7.3), Serbia (5.0) |
New Zealand (9.3) |
| Extent of Shareholder Governance Index (0-10) |
6.3 |
6.3 |
Bosnia and Herzegovina (6.3), Bulgaria (8.0), Croatia (7.7), Hungary (7.0), Macedonia (7.3), Serbia (6.3) |
Norway (8.3) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Paying Taxes (Rank) |
57 |
72 |
Bosnia and Herzegovina (133), Bulgaria (83), Croatia (49), Hungary (77), Macedonia (9), Serbia (78) |
United Arab Emirates (1) |
| Paying Taxes (DTF Score) |
80.42 |
75.3 |
Bosnia and Herzegovina (60.08), Bulgaria (72.81), Croatia (81.74), Hungary (74.46), Macedonia (91.67), Serbia (74.36) |
United Arab Emirates (99.44) |
| Payments (number per year) |
18.0 |
29.0 |
Bosnia and Herzegovina (34.0), Bulgaria (14.0), Croatia (31.0), Hungary (11.0), Macedonia (7.0), Serbia (33.0) |
Hong Kong SAR, China (3.0) |
| Time (hours per year) |
300.0 |
314.0 |
Bosnia and Herzegovina (411.0), Bulgaria (453.0), Croatia (206.0), Hungary (277.0), Macedonia (119.0), Serbia (225.5) |
Luxembourg (55.0) |
| Total Tax Rate (% of profit) |
22.2 |
21.8 |
Bosnia and Herzegovina (22.6), Bulgaria (27.0), Croatia (20.9), Hungary (46.5), Macedonia (13.0), Serbia (39.7) |
32 Economies (26.1) |
| Postfiling Index (0-100) |
85.5 |
- |
Bosnia and Herzegovina (47.9), Bulgaria (73.3), Croatia (97.9), Hungary (75.8), Macedonia (84.2), Serbia (94.0) |
Estonia (98.5) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Trading across Borders (Rank) |
43 |
43 |
Bosnia and Herzegovina (36), Bulgaria (21), Croatia (1), Hungary (1), Macedonia (27), Serbia (23) |
10 Economies (1) |
| Trading across Borders (DTF Score) |
88.75 |
88.75 |
Bosnia and Herzegovina (91.87), Bulgaria (97.41), Croatia (100.00), Hungary (100.00), Macedonia (93.87), Serbia (96.64) |
10 Economies (100.00) |
| Time to Export: Border Compliance (hours) |
8 |
8 |
Bosnia and Herzegovina (5), Bulgaria (4), Croatia (0), Hungary (0), Macedonia (9), Serbia (4) |
18 Economies (0) |
| Cost to Export: Border Compliance (USD) |
158 |
158 |
Bosnia and Herzegovina (106), Bulgaria (0), Croatia (0), Hungary (0), Macedonia (103), Serbia (47) |
18 Economies (0) |
| Time to Export: Documentary Compliance (hours) |
5 |
5 |
Bosnia and Herzegovina (4), Bulgaria (2), Croatia (1), Hungary (1), Macedonia (2), Serbia (2) |
25 Economies (1) |
| Cost to Export: Documentary Compliance (USD) |
67 |
67 |
Bosnia and Herzegovina (92), Bulgaria (52), Croatia (0), Hungary (0), Macedonia (45), Serbia (35) |
19 Economies (0) |
| Time to Import: Border Compliance (hours) |
23 |
23 |
Bosnia and Herzegovina (6), Bulgaria (1), Croatia (0), Hungary (0), Macedonia (8), Serbia (4) |
25 Economies (0) |
| Cost to Import: Border Compliance (USD) |
306 |
306 |
Bosnia and Herzegovina (109), Bulgaria (0), Croatia (0), Hungary (0), Macedonia (150), Serbia (52) |
28 Economies (0) |
| Time to Import: Documentary Compliance (hours) |
10 |
10 |
Bosnia and Herzegovina (8), Bulgaria (1), Croatia (1), Hungary (1), Macedonia (3), Serbia (3) |
29 Economies (1) |
| Cost to Import: Documentary Compliance (USD) |
100 |
100 |
Bosnia and Herzegovina (97), Bulgaria (0), Croatia (0), Hungary (0), Macedonia (50), Serbia (35) |
30 Economies (0) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Enforcing Contracts (Rank) |
41 |
39 |
Bosnia and Herzegovina (64), Bulgaria (49), Croatia (7), Hungary (8), Macedonia (36), Serbia (61) |
Korea, Rep. (1) |
| Enforcing Contracts (DTF Score) |
66.75 |
66.75 |
Bosnia and Herzegovina (60.60), Bulgaria (65.09), Croatia (75.87), Hungary (75.79), Macedonia (67.79), Serbia (61.41) |
Korea, Rep. (84.15) |
| Time (days) |
545.0 |
545.0 |
Bosnia and Herzegovina (595.0), Bulgaria (564.0), Croatia (572.0), Hungary (395.0), Macedonia (634.0), Serbia (635.0) |
Singapore (164.0) |
| Cost (% of claim) |
25.7 |
25.7 |
Bosnia and Herzegovina (36.0), Bulgaria (23.8), Croatia (16.7), Hungary (15.0), Macedonia (28.8), Serbia (40.8) |
Iceland (9.0) |
| Quality of Judicial Processes Index (0-18) |
11.5 |
11.5 |
Bosnia and Herzegovina (11.0), Bulgaria (10.5), Croatia (15.0), Hungary (12.0), Macedonia (14.0), Serbia (13.0) |
Australia (15.5) |
| Indicator |
Montenegro DB2017 |
Montenegro DB2016 |
Comparator Economies |
Best Performer (Global) |
| Resolving Insolvency (Rank) |
40 |
38 |
Bosnia and Herzegovina (41), Bulgaria (48), Croatia (54), Hungary (63), Macedonia (32), Serbia (47) |
Finland (1) |
| Resolving Insolvency (DTF Score) |
68.37 |
68.21 |
Bosnia and Herzegovina (66.93), Bulgaria (59.38), Croatia (55.62), Hungary (51.25), Macedonia (72.38), Serbia (59.66) |
Finland (93.89) |
| Recovery Rate (cents on the dollar) |
48.6 |
48.3 |
Bosnia and Herzegovina (37.3), Bulgaria (34.9), Croatia (33.7), Hungary (43.0), Macedonia (47.4), Serbia (32.5) |
Norway (92.9) |
| Time (years) |
1.4 |
1.4 |
Bosnia and Herzegovina (3.3), Bulgaria (3.3), Croatia (3.1), Hungary (2.0), Macedonia (1.5), Serbia (2.0) |
22 Economies (0.4) |
| Cost (% of estate) |
8.0 |
8.0 |
Bosnia and Herzegovina (9.0), Bulgaria (9.0), Croatia (14.5), Hungary (14.5), Macedonia (10.0), Serbia (20.0) |
22 Economies (1.0) |
| Strength of Insolvency Framework Index (0-16) |
13.5 |
13.5 |
Bosnia and Herzegovina (15.0), Bulgaria (13.0), Croatia (12.0), Hungary (9.0), Macedonia (15.0), Serbia (13.5) |
6 Economies (15.0) |
Summary
The Doing Business 2017 report provides a detailed analysis of Montenegro's regulatory environment for businesses. Montenegro's rank improved from 48 in 2016 to 51 in 2017, with a slight increase in its DTF score from 71.47 to 72.08. The report highlights Montenegro's performance across 10 key areas, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. It also introduces a gender dimension in some indicators, reflecting the challenges faced by women in business processes. The report serves as a tool for policymakers to assess the effectiveness of regulatory reforms and to identify areas where improvements can be made to enhance the business environment.