I am setting up a site that ends with .me , although it has nothing to do with montenegro.
Will search engines heavily penalize me for this?
Thanks
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Absolutely not. There are plenty of sites that use a .me domain, that have nothing to do with Montenegro and contain useful information for a global audience. This could also be said for .co.uk and .de and many others.
Search engines know this and therefore would be foolish to assume in their ranking algorithms that the TLD would indicate localised content for that specific area.