Investment Program in Ulcinj,

Member of NATO since June 2017

Investment Program in Ulcinj,

Candidate for membership of the EU (prospective membership by 2025)

Resort to sell in Ulcinj

Member of the World Trade Organization (WTO

  • Why invest in Montenegro, because politically  and  economically  stable,  democratic,  multicultural multi-religious society

  • Active  promoter  of  good  neighborly  relations  and participant in regional cooperation
  • Member of NATO since June 2017

  • Candidate   for   membership  of the EU (prospective  membership by 2025)
  • Member of the World Trade Organization (WTO) since 2012 (party to the Trade Facilitation Agreement – TFA)
  • Member of the World Bank since 2007

  • Member of the International Monetary Fund (IMF) since  2007

  • Euro (€) is the official means of payment
  • Enjoying access to a market of around 800 million  consumers owing to the free trade agreements with the EU  (Stabilization and Association Agreement), CEFTA,  EFTA, Russia, Turkey and Ukraine
  • The Gateway to the Balkans”, thanks to its favorable  geographical location at the Adriatic
  • Mediterranean Sea (convenient access for trade via Port of Bar, good railway and road connection to Eastern and  Central Europe) and stimulating business environment

  • 22 Agreements on economic cooperation in force with  following countries: Austria, Belgium- Luxembourg  Economic Union, Bulgaria, Czech Republic, Greece, Croatia, Hungary, Germany, Slovenia, Spain, Romania,  Slovakia, Albania, Argentina, Azerbaijan, Qatar, China, Republic of North Macedonia, Serbia, Swiss  Confederation, Turkey and UAE

  • Why invest in Montenegro because 23 Agreements on mutual promotion and protection of investments in force with: Austria, Slovakia,Serbia, Czech Republic, Finland, Denmark, State of Qatar,  Republic of North Macedonia, Malta, France, Greece,  Netherlands, Israel, Cyprus, Romania, Germany, Lithuania, Poland, Spain, Swiss Confederation,  Azerbaijan, Moldova, and United Arab Emirates

  • Popular nautical / cruising / yachting destination (Port of  Kotor, Port of Bar, Porto Montenegro, Porto Novi,  Marina Budva, Marina Bar, Luštica Bay…)
  • Fairly liberal visa regime

  • Agreements on avoidance of double taxation in force  with: Albania, Belgium, Belarus, Bosnia and  Herzegovina, Bulgaria, Czech Republic, Denmark, Egypt,  Finland, France, Netherlands, Croatia, India, Italy, Iran,  China, Cyprus, Kuwait, Latvia, Hungary, Macedonia,  Malaysia, Malta, Moldova, Germany, Norway, Poland,  Romania, Russia, Slovakia, Slovenia, Sri Lanka,  Switzerland, Sweden, Turkey, Ukraine, United Kingdom,  Ireland, Serbia, UAE, Azerbaijan, Austria, Portugal.  Recently signed with the Principality of Monaco
  • Highest FDI per capita in the region since regaining its  independence in 2006 totaling to over 9 billion EUR with investors from more than 125 countries worldwide
  • Since becoming full member of the NATO Alliance,  investments from the Alliance countries in 2018 have  grown by 64.1%
  • Foreign companies enjoy the same treatment as national  companies

  • Competitive tax system (general corporate profit tax and  personal income tax is 9%, i.e. 11% for net wages above  720€)
  • Incentives and tax reliefs for investment on both national  and local levels, including in purposefully established Business and Free Trade Zones
  • Simple procedure for creating a company (four days and  founding capital of €1)
  • Quality banking sector, with 13 private banks (no  commercial state-owned banks)
  • Qualified and affordable workforce: English widely  spoken across professions and trades; average gross  earning for 2018 €766/ net €511
  • Increasingly popular tourism and lifestyle destination  (“Wild Beauty” and “the Pearl of the Adriatic”) – One of the fastest travel growing destinations in the world,  second fastest growing travel destination in Europe in  2017

  • Why invest in Montenegro, because favorable climate with annual average of 240 sunny days

  • Geographical location with good accessibility – 2  international airports with year round and seasonal flights  with most European capitals and towns and increasing  number of flight connections with different regions of the  world (including the market presence of low-cost  carriers)