About us
Our job is to be at service to the potential foreign investor, creating a win-win situation where both parties leave the table smiling.
News
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
David Margason, Managing Director
LUŠTICA DEVELOPMENT
Christoph Schoen, president of the Montenegrin Foreign Investors' Council
PORTO NOVI
Stevan Milić, Member of the Board of Directors of Portonovi Resort Management Company, Azmont Investments
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
Infinum Montenegro
Azmont Investments
Chedi Luštica Bay, a part of Orascom Development
NOBLEWOOD group, owner of Beluga factory
Crnogorska Komercijalna Banka (CKB), part of the OTP group
Porto Montenegro
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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