Montenegro, land of beauty

Montenegro is situated in the central Mediterranean and Southern Europe. Located on the Balkans and the Adriatic coast, it features an extremely mild Mediterranean climate with warm and dry summers and mild winters. Such favourable geographic location enabled Montenegro to develop tourism as its prominent economic activity. More than 2,5 million tourists visit Montenegro, from that 2,5 million tourist 1.5 million visit Ostrog Monastery. Even more, Montenegro has been recently ranked as one of the top ten desired tourist destinations by the renowned tourist magazines and portals.

This small country with a population around 600.000 inhabitants stretches over the area of 14.000sqm and can be easily crossed in just a couple of hours from the South to the North, the project Terme Ostrog is in middle-regional part of Montenegro what means one hour project is far away from the South and North. Plenty of natural and cultural heritage, five national parks: Durmitor, Biogradska Gora, Lovcen, Skadar Lake, Prokletije with the Tara River, also known as „The Tear of Europe“ make an attractive tourist offer of Montenegro. One should certainly experience an unforgettable Boka Bay hosting historical towns Kotor and Perast, the beauty of Luštica peninsula and should not miss the tourist offer of the centre of Montenegrin tourism, the Municipality of Budva, with its well-known Sveti Stefan upscale hotel-island and other amenities. Natural beauty where typical home-made food tastes are born will tickle everyone’s soul and senses and make them ask for more.

Constant development of the road infrastructure and flight connections to numerous world destinations make easier transfer and traffic. Furthermore, construction of the new highway Bar-Boljare will give an additional value to the road infrastructure and make faster connection between South and the North of Montenegro in only one hour.

Investing in Montenegro

Montenegro become a magnet for investment because of its business-focused economic system and a low corporate tax rate. According to data from 2021. World Investment Report by UNCTAD, total FDI inflows increased from USD 417 million in 2019 to USD 529 million in 2020, despite the global economic crisis triggered by the Covid-19 pandemic. The stock of FDI was estimated at USD 6.5 billion in 2020, with a per capita investment ratio among the highest in Europe. The sectors attracting most of the FDI are tourism, real estate, energy, telecommunications, banking and construction. Data from the Montenegrin Investment Promotion Agency shows that the main investing countries are Russia, Turkey, Italy, UAE, Norway, Austria, Hungary and the United Kingdom.

The country enjoys great economic freedom and monetary stability. Domestic and foreign companies enjoy equal treatment in Montenegro. Foreign companies can own 100% of a domestic company, and their profits and dividends can be repatriated without limitations or restrictions. Nevertheless, corruption, the politicisation of justice, organised crime, an approximate and unreliable land registry and a sluggish bureaucracy are obstacles to FDI. The country launched the "Citizenship by Investment" programme, which will last till the end of 2022 and will allow up to 2,000 foreigners to get a Montenegrin passport after an investment of at least EUR 250,000. The Privatization and Capital Investment Council is the governmental institution that manages, controls, and implements the privatization process in the country, which already involved almost 90% of formerly state-owned enterprises. The country ranks 50th out of 190 economies in terms of ease of doing business, according to the 2020 World Bank Doing Business report, stable in comparison to the previous edition.

Benefits for investors in Montenegro:

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