Slide 1

Unique natural potential

Since regaining independence in 2006, the development of the Montenegrin economy has been focused on attracting foreign direct investment through a competitive business environment that offers many useful investment opportunities and unique natural potential.
Slide 2

Suitable investment climate

The state's long-term commitment to Euro-Atlantic integration, as well as its aspiration to move closer to modern economic trends, have led to the implementation of numerous reforms that have contributed to the creation of a favorable investment climate.
Slide 3

Encouragement of foreign investments

Low income tax rates, preferential access to the European Union market, national treatment of investors, relatively low customs rates, simplification of procedures and reduction of costs for registration of economic entities and obtaining building permits and using the euro as a national currency are just some of the incentives recognized by world-renowned investors.

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News

Montenegrin Investment Agency with representatives of JETRO: Improving cooperation and attracting Japanese investments
  • 16.09.2024
Minister Butorović and Director of the Montenegrin Investment Agency Đurović: Improve the investment environment in cooperation with the Parliament




  • 13.09.2024
Meeting on investment opportunities between Montenegro and the UAE
  • 10.09.2024
At the meeting with Raičević, Đurović discussed the investment environment and potential projects based on the public-private partnership model
  • 09.09.2024
A workshop was held on the topic ‘Choosing a private partner in PPP projects’
  • 10.07.2024
Montenegrin Investment Agency part of the regional study visit to Poland
  • 01.07.2024

9-15%

Corporate profit tax (for the profit up to 100,000 EUR)

The lowest income tax in the region and one of the lowest in Europe

14 %

Increase in foreign guest arrivals

Montenegro is among the countries with the highest growth in tourism revenue (2023) with a 14% increase in foreign guest arrivals compared to 2019, according to United Nations World Tourism Organization (UNWTO).

€

Currency

EUR as currency of payment

9598

EUR

GDP per capita in 2022. (The Statistical Office of Montenegro)

6%

GDP Growth Rate

GDP Growth Rate 2023 (The Statistical Office of Montenegro)

1,51

billion EUR

Income from tourism in 2023 (Central Bank of Montenegro – CBCG), which is 43.66% more compared to 2022 and 37.91% more compared to the record year 2019.

Statistical Review of Foreign Direct Investment

The total inflow of Foreign Direct Investment in Montenegro since the restoration of the independence in 2006 until 31.12.2023 amounted to 13.8 billion €, according to the Central Bank of Montenegro.

The total inflow of FDI from 2019 to 2023 amounted to 4.38 billion €. Of that amount, 859.9 million € was invested in domestic companies and banks, 1.7 billion inflows were registered in the form of intercompany debt, 1.48 billion was invested in the real estate sector, and 296.9 million in the rest.

In this five-year period most investments were made from the following countries:

FDI Inflow 2019-2023 by countries (%)

Total inflow of FDI in Montenegro since restoration of independence until the end of 2023

Successful Stories

Montenegro is a reliable and secure investment destination

Porto Montenegro

“Porto Montenegro is a pioneering development and the Adriatic’s leading, full-experience, waterfront community. Montenegro is a stable, secure investment market on the rise and is attracting strong interest from a diverse range of domestic, regional and overseas investors.”

David Margason, Managing Director
LUŠTICA DEVELOPMENT

“Since 2006, Montenegro has become increasingly attractive to foreign investors, and I believe that the investment activities of the MFIC member companies have contributed to Montenegro being recognized today as a modern country and an attractive destination for foreign investors.”

Christoph Schoen, president of the Montenegrin Foreign Investors’ Council
PORTO NOVI

“As investors, we believe that projects like this one, will only be a further guarantee to the investors from all over the world that this region is a reliable destination for the future of business ideas and long-term cooperation initiatives.”

Stevan Milić, Member of the Board of Directors of Portonovi Resort Management Company, Azmont Investments
porto-montenegro
Porto Montenegro
“Porto Montenegro is a pioneering development and the Adriatic’s leading, full-experience, waterfront community. Montenegro is a stable, secure investment market on the rise and is attracting strong interest from a diverse range of domestic, regional and overseas investors.”

David Margason, Managing Director
lustica_development
LUŠTICA DEVELOPMENT
"Since 2006, Montenegro has become increasingly attractive to foreign investors, and I believe that the investment activities of the MFIC member companies have contributed to Montenegro being recognized today as a modern country and an attractive destination for foreign investors."

Christoph Schoen, president of the Montenegrin Foreign Investors' Council
porto_novi
PORTO NOVI
"As investors, we believe that projects like this one, will only be a further guarantee to the investors from all over the world that this region is a reliable destination for the future of business ideas and long-term cooperation initiatives."

Stevan Milić, Member of the Board of Directors of Portonovi Resort Management Company, Azmont Investments
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Economic indicators

Economic indicators that characterize today’s economy of Montenegro

6,83

billion EUR

GDP – 2023 (The Statistical Office of Montenegro)

6%

GDP Growth Rate 2023 (The Statistical Office of Montenegro)

9598

EUR

GDP per capita in 2022. (The Statistical Office of Montenegro)

-0,9%

Inflation rate 2020

21-22%

The share of personal income tax and mandatory social security contributions in gross earnings is 21% for the minimum wage and 22% for the average wage (tax wedge).

21%

VAT

Our partners

Many reputable investors have recognised Montenegro as guarantee for stable and transparent investment

Addiko-banka
Adriatic-Properties
Aymont (1)
CKB
Dukley-Gardens
Erste
European-Bank-for-reconstruction-and-development
Hellenic-Coca-Cola
Lustica
Mercator
Mtel
Philip-Morris
pwclogo
Uniqua
BMJ
Capital-Plaza
Colliers
daido-metal
Deloitte
Delta-Generali
Eko-Petrol
EPCG
Global-ports-Holding
Gradir-mrtvi-logo
Hellenic-Petroleum
Investment-corportation-of-Dubai
Lovcen-osiguranje
Lukoil
Molson-Corrs
Montenegro-Stars
NLB
philip-morris-montenegro1
remax
roche
s&t
Simens
Telekom
Telenor
Terna
Tosyalki-Iron-Steel
Uniprom
infinum
Infinum Montenegro
„Montenegro has great talent potential and the local software development scene is just shaping up, with young professionals graduating from universities like the Faculty of Mathematics and Natural Sciences and the Faculty of Electrical Engineering.”
Mladen Rakonjac
Managing Director
acronis
Acronis
“Very good country and place for business”
Serg Bell
Managing Director
azmont
Azmont Investments
“At Azmont Investments , as investor, we are proud to recognize the incomparable potential of Montenegro and its stunning natural beauty. Within this amazing destination, we have created an idyllic village in Boka Bay – an address that aims not only to draw attention as a tourist hot spot but also with carefully chosen residential developments which bring life into this remarkable corner of Europe.”
Rashad Aliyev
Managing Director
chedi
Chedi Luštica Bay, a part of Orascom Development
“Montenegro has experienced significant growth in its tourism sector over the past decade. The construction of luxury hotels and marinas has attracted affluent travelers, boosting the country's reputation as an upmarket tourist destination. Luštica Bay, Porto Novi and Porto Montenegro have become symbols of Montenegro's luxury tourism aspirations.”
Jan T. Albers
General Manager
noblewood
NOBLEWOOD group, owner of Beluga factory
"Our motivation is clear - we believe that Montenegro is a country with great potential, which is partially undiscovered on the international scene, which is a good signal and a positive challenge for everyone who is present in the business world. Specifically for our product, Montenegro is almost ideal"
Oleg Medoev
Managing Director
otp
Crnogorska Komercijalna Banka (CKB), part of the OTP group
“I believe in the investment potential of Montenegro. My view is confirmed by the fact that we have successful projects that are backed by foreign companies that have recognised the opportunities offered by this country. Their operations today are high quality, sustainable and displaying a high level of resistance against various negative influences. We also shouldn’t overlook the positive impact of those projects on the living and working conditions of the wider social community in the areas where they are present.”
Támas Kamarási
Managing Director
Porto-montenegro
Porto Montenegro
"Due to its strategic position on the axis between the main superyacht arenas of the Western Mediterranean, the Caribbean arena in the west, and the fast-growing Arab and Asian arena in the east, as well as the beautiful and safe, protected sanctuary of the Bay of Kotor, Montenegro is positioned to become one of the of the strongest yachting hubs in the world."
David Margason
Managing Director

Market access

As a logistics base, Montenegro is a perfect point on the map for companies that export their products to the EU, Southeast Europe and the Middle East. The possibility of transport by land, air and sea guarantees unique access to markets and delivery of all products on time.

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Our job is to be at service to the potential foreign investor, creating a win-win situation where both parties leave the table smiling.

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