Why invest in Montenegro
Montenegro regained its independence in May of 2006, and later fully committed to becoming a full-fledged EU member state. The Government of Montenegro has demonstrated its determination to utilize country’s tourist potential for the purpose of generating long-term benefits for its citizens and the economy of the country.
Some of the features of Montenegro are as follows:
In top 3 fastastest growing tourist destination
In top 3 fastest growing tourist destination in the world, as stated by the World Travel and Tourism Council;
An increase at the rate of 17% per year
An increase at the rate of 17% per year by the number of tourist visits;
Montenegrin Government has introduced a legislation to strongly support
Montenegrin Government has introduced a legislation to strongly support and encourage investors, which includes, first and foremost, a Free Trade Zone status for suitable foreign investments, as well as repatriation of earnings and residency rights
On account of economic and political stability and resilience
On account of economic and political stability and resilience, there is a high and trendsetting demand for property, most notably, from Russia, the UK, as well as the Middle East, particularly Saudi Arabia, Qatar, and the UAE
Rights of foreign investors are equalized
Rights of foreign investors are equalized with the rights of the local ones: foreign companies can have 100 percent ownership, as the privatization process is open to all. Montenegrin Real Estate Property laws are extended to foreign investors. Moreover, in preparation for the EU membership, the country adopted more than 20 business-related laws in accordance with EU standards;
Foreign companies can have 100 percent ownership
Foreign companies can have 100 percent ownership, as the privatization process is open to all, backed by Foreign Investment Law which is extended to foreign investors. Moreover, in preparation for the EU
To ensure efficacy and resolve
To ensure efficacy and resolve, the procedure of buying a property follows a simple and straightforward course of action; Montenegro’s official currency is the EURO, thereby eliminating the usual complications in the transfer of funds and currency exchanges;
Montenegro recently repositioned its tourism policy
Montenegro recently repositioned its tourism policy to appeal to more upmarket visitors, with plans to turn it into an elite and luxury destination for discerning travelers, as opposed to being the target of budget vacationers searching for cut-rate getaways
By 2015, Montenegro is expected to become the fastest growing tourist destination
By 2015, Montenegro is expected to become the fastest growing tourist destination of the world;
One of Top 10 holiday destinations
One of Top 10 holiday destinations in the world, voted year after year by industry experts;
It boasts 18 Blue Flag beaches
It boasts 18 Blue Flag beaches, the globally-recognized environmental and tourist eco-label;
More than 80 specialized tour operators
More than 80 specialized tour operators from more than 20 countries, of which 6 come from the UK, organize expeditions and customized holidays in Montenegro;
The government’s diligent imposition and planning has prevented
The government’s diligent imposition and planning has prevented a number of developments from resulting in construction chaos, as was the case with some other similarly promising tourist destinations which have been devalued after failing to protect their most valuable assets;
The government strives to ensure that all new tourism
The government strives to ensure that all new tourism and infrastructure projects reduce environmental degradation, thus playing an instrumental role in the overall sustainable development, securing an enduring, rewarding and progressive legacy.
