Located on the Adriatic Sea, Montenegro is a country in Southeastern Europe. It is also a part of the Balkans. Montenegro shares its borders with Serbia, Kosovo, Albania, Bosnia, Herzegovina, and Croatia. The capital of Montenegro is Podgorica which is also the largest city covering 10.4% of its territory.
Over the years, the country has emerged as the most sought-after business hub because of its strategic location. As per the annual ratings of the World Bank, the country had ranked 50 among 190 economies regarding business-friendliness. As Montenegro is a member of WTO and is even harmonizing terms with the EU, the place has become an ideal business centre.
If you are a Montenegro passport holder, you can easily set up your business in the country and get all the associated benefits. And for that, Montenegro Residency by Investment program is the right choice as it allows high-net-worth individuals to stay and work in Montenegro in exchange for a monetary contribution.
Other than access to a business set-up, the Montenegro passport also brings in several other benefits to help you get the maximum return on your investment. But let us first understand why you should consider Montenegro as your next business destination.
Consistent FDI Growth
Montenegro is a country projected as a haven for businesses. The country has great economic freedom and financial stability. Montenegro has been doing great in terms of Foreign Direct Investment (FDI) because the country provides equal opportunities and treatment to both domestic and foreign companies. Furthermore, it has a business-centric economic system with a low corporate tax rate. The FDI is said to have increased by 214.4 USD mn in Jun 2022 which indicates that Montenegro has been attracting global business investors.
Prime Location
Montenegro has a strategic location which also proves favorable to investors looking for establishing their business in the country. Its closeness to the neighboring eastern European countries gives you great market access. You can reach out to the regional market and get to expand your customer base. Moreover, as Montenegro has good trade foreign trade policies, you can easily establish trade relations with countries like India, Russia, and Africa, as well as many other Asian countries.
Business-Centred System
Another important factor that contributes to Montenegro’s growing popularity as an investment and business hub is its business-centered system. The country has a business-favoring economic system. It provides you with a profitable tax regime, financial stability, and business-friendly policies. The government provides equal opportunities to local and foreign businesses with uniform policies. As a foreign investor, you are free to invest in any industry and can also transfer all your financial and other business assets.
Other than the factors listed above, Montenegro has many other benefits to offer. As the country is thriving in tourism, you have endless options to invest in the tourism industry. According to WorldData, Montenegro recorded 351,000 tourists in the year 2020. Every year, the country is experiencing considerable growth in the tourism industry and experts believe that it is set to witness robust growth in the upcoming years.
You can even invest in telecommunications and manufacturing sectors which are also growing tremendously and offer great investment opportunities.
The dynamic economic growth, political stability, tax benefits, and multicultural harmony further contribute to making Montenegro an ideal investment destination. And this is why the Montenegro residency by investment program is seeking attention from investors worldwide. A Montenegro passport lets you access all business benefits while also offering you and your family a more secure and stable life.
To know more about the Montenegro residency by investment program, reach out to one of our experts at +971 4 563 9500