A tiny Mediterranean country, settled between the borders of ex-Yugoslavia member states, is in the spotlight for its rapid and sustainable growth.
The beautiful blend of stunning mountains and clear sea, combined with an average of 240 sunny days per year, makes Montenegro a destination attractive for tourists, investors and global citizens alike.
Since 2006, when the country gained its independence, many moves towards prosperity have been made. Today, Montenegro is an EU candidate country and just recently it joined NATO as its 29th member state.
The value of the biggest investment projects varies from EUR 400 million to EUR 1.1 billion and has brought Montenegro to the center of attention of many media and various stakeholders.
Its wild beauty and unique geographical position are not the only elements that make this destination so fascinating. Political aspects - heavily improved in the last couple of years - are of immense importance as well, including stability, economic growth, security, legacy and quality of living.
For businessmen and investors, the corporate tax rate of just 9% is a clear signal of a positive investment climate. Furthermore, property tax ranges between 0.01% and 1% while real estate transfer tax rate is 3%.
Infrastructural development is a key driver for progress across Montenegro and a critical enabler for productivity and sustainable economic growth. In this sector, the country has marked an incredible progress. From highway development with a total worth of EUR 1.1 billion to submarine power cable between Montenegro and Italy, a wide range of projects seem to pave the way towards a prosperous future.
Since its independence, many appreciative investors from various countries have chosen Montenegro as their second home. This fact inspired the Government of Montenegro to create a unique Citizenship by Investment Program. The program itself was announced in August this year and is expected to begin in October. More details about the program, its criteria and procedures to follow can be found in our previous coverage here.
Passport holders will definitely enjoy the benefits of citizenship by being granted visa-free entry to 117 countries, making them truly global citizens in their new home of Montenegro. Many of our clients would agree with us in saying that the right time to invest in Montenegro is NOW!
*Our team is ready to answer your questions and provide you with full assistance in regards to your consideration of Montenegro as an attractive market.
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