Investment Opportunities in Montenegro
Investment Opportunities in Montenegro
Are you looking for investment opportunities in Montenegro? Check out the places in Montenegro which are offering you to invest in!
While preserving its rare and beautiful natural resources, at the same time, Montenegro is in a competitive and dynamic location with its strategic objective based on developing a sustainable tourism portfolio. Montenegro will be one of the countries with the world’s fastest growing travel and tourism economy over the next decade. Since the adoption of the euro currency in 2002 and the independence from Serbia in 2006, Montenegro has progressed rapidly in line with two important goals, EU membership and tourism growth. Currently, Montenegro is located in the world’s top 5 global tourism regions. Montenegro has made significant progress in regulating legislation in line with EU standards. More than 20 labor laws have been enacted to allow foreign firms to start trading in Montenegro, align the tax system with the EU, and make Montenegro more attractive to foreign investors. For this reason, Montenegro offers a wide range of investment opportunities, especially in the fields of tourism, construction and real estate development.
In recent years, the economic performance of Montenegro has increased considerably by adopting the Euro. The legal tender and major investments in the infrastructure of the country have focused mainly on tourism, energy, construction, water and transport links. With fixed income and corporate tax (9%), Montenegro’s tax system has become particularly attractive to investors in Europe. Moreover, the Montenegro Government’s commitment to reform, prosperity and dynamic growth and the ease which it shows to the investors to demonstrate, have also increased investor activities in the country.
In recent years, the people of the country have acquired a high level of economic freedom, a stable currency and protected property rights. These positive transformations have attracted the attention of investors from all over the world with the vast opportunities in this developing economy.
There is a tourism industry in the country which is based on the 2007-2020 Tourism Masterplan supported by the government and aims to develop high-end hotels, golf courses and other luxury facilities to attract rich tourists to the country. With Ryanair launching many new flights from Europe countries such as Brussels, Milan, Barcelona, London, Oslo and Stockholm to Montenegro, it is expected that the demand for foreign ownership will increase in the coming years.
