Montenegro

Montenegro is located in South East Europe in Balkan Peninsula. It was part of Social Federative Republic of Yugoslavia and it regained its independence in 2006. Montenegro is a parliamentary democracy and is known as a stable political and economic society. Montenegro’s orientation is progressive and liberal with accent on economic development and with no discrimination to nationalities and religions or ethnicity. European Union is considering Montenegro as the most serious candidate to be the next member of EU.

Basic information about Montenegro:

  • Population: 625,266
  • Area: 13,812 km2
  • Coast line: 293.5 km
  • Capital City: Podgorica
  • Currency:
  • Sunny days per year: approx. 240
  • Member of: NATO, WTO, UNWTO
  • Part of Belt & Road and 16+1 Initiative
  • In the process of joining European Union
  • Natural resources: forests, agricultural land, pure water, bauxite, coal
  • 4 international airports (2 in Montenegro and 2 within 50 km from state border)
  • Only up to 2 hours flight from main Middle East and European capitals
  • 1 international cargo Port – Bar
  • Cargo railway connection to Europe
  • Highway from Bar to Belgrade in process of building
  • 5 national parks
  • 3 UNESCO World Heritage Sites

Basic economic information about Montenegro:

  • GDP 2017: €4.3 billion
  • GDP growth 2017: 4.7%
  • GDP per capita: €6,908
  • Estimated GDP growth 2018: 4%
  • Total FDI inflow 2018: €841 million
  • Current ongoing investment projects worth: €3,500,000,000
  • Tourism revenue 2018: €1,039,000,000
  • Tourism growth rate 2018: 10%
  • Minimal founding capital for LLC company: €1.00
  • Time needed to register a LLC company: up to 5 days
  • Foreign companies registered in Montenegro: over 7,000
  • Countries foreign companies come from: over 90
  • Low capital flow barriers
  • Corporate profit tax (yearly): 9% (lowest corporate profit tax in the region)
  • Personal income tax: 9%
  • Property ownership tax: 0.25 to 1% of the property value
  • Basic VAT: 21%
  • Business oriented Government
  • Various business and tax incentives

Basic economic information about Montenegro:

  • GDP 2017: €4.3 billion
  • GDP growth 2017: 4.7%
  • GDP per capita: €6,908
  • Estimated GDP growth 2018: 4%
  • Total FDI inflow 2018: €841 million
  • Current ongoing investment projects worth: €3,500,000,000
  • Tourism revenue 2018: €1,039,000,000
  • Tourism growth rate 2018: 10%
  • Minimal founding capital for LLC company: €1.00
  • Time needed to register a LLC company: up to 5 days
  • Foreign companies registered in Montenegro: over 7,000
  • Countries foreign companies come from: over 90
  • Low capital flow barriers
  • Corporate profit tax (yearly): 9% (lowest corporate profit tax in the region)
  • Personal income tax: 9%
  • Property ownership tax: 0.25 to 1% of the property value
  • Basic VAT: 21%
  • Business oriented Government
  • Various business and tax incentives

FIND MSIS IN MONTENEGRO

 

ADDRESS: Serdara Jola Piletića 1/H, 81000 Podgorica, Montenegro
PHONE NUBMER: +382 69 99 33 14
E-MAIL: info@montesinogroup.com
WEBSITE: www.montesinogroup.com

 

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ADDRESS: Office B1116 Floor 11, Building A, Sanlitun SOHO, Gong Ti Bei Lu, Chaoyang District, 100027 Beijing, China
PHONE NUBMER: 8613126763772
E-MAIL: mp@montesinogroup.com
WEBSITE: www.montesinogroup.com

 

Contact Us on WeChat

FIND MSIS IN MONTENEGRO

 

ADDRESS:
Serdara Jola Piletića 1/H, 81000 Podgorica, Montenegro
PHONE NUBMER:
+382 69 99 33 14
E-MAIL:
info@montesinogroup.com
WEBSITE:
www.montesinogroup.com

 

Contact Us on WeChat

FIND MSIS IN CHINA

 

ADDRESS:
Office B1116 Floor 11, Building A, Sanlitun SOHO, Gong Ti Bei Lu, Chaoyang District, 100027 Beijing, China
PHONE NUBMER:
8613126763772
E-MAIL:
mp@montesinogroup.com
WEBSITE:
www.montesinogroup.com

 

Contact Us on WeChat