Montenegro is already recognized in the international market as an attractive country for investment, given its affirmation of significant economic freedoms and provision of monetary stability. It is recognized for its competitive business environment offering numerous investment opportunities and unique natural potential.
Through years of Euro-Atlantic integration, Montenegro has undertaken significant reforms contributing to the creation of a favorable investment environment.
Some factors driving foreign investors to direct funds and make decisions on investing in the Montenegrin market include:
• low income tax rates
• Montenegro's corporate income tax rate is one of the lowest in the region and among the lowest in Europe,
• Relatively low customs duties,
• Acquisition of national treatment status for investors, which implies the freedom to invest in any industry, transfer funds, assets, and other goods, including profits or dividends, and acquire property rights on equal terms,
• CEFTA - economic entities operating in Montenegro benefit from duty-free access to the Southeast European market - the fastest-growing market in Europe; Signed regional agreements with Albania, Bosnia and Herzegovina, Croatia, Serbia, Macedonia, Moldova, UNMIK/Kosovo enable free access to this market of about 30 million people;
• EFTA (Iceland, Liechtenstein, Norway, Switzerland) - through the agreement, signatories committed to liberalizing trade between Montenegro and the European Union.
According to the World Tourism Organization (UNWTO) report, Montenegro is the fastest- growing tourist destination.
The Government of Montenegro has introduced incentive measures for many years, including various benefits, especially tax incentives for investment in underdeveloped parts of the country and exemption from personal income tax and corporate income tax (for the first eight years).
Euro as the currency of payment, among many other factors.
Our Law Firm provides professional and comprehensive services derived from the above matter, including:
• Providing guidance throughout the investment process,
• Market assessment when making decisions,
• Preparation of legal opinions and legal analysis,
Provision of expert services during the establishment of business entities - we collaborate with governmental bodies to enable appropriate actions and decision-making of interest, etc.
