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Montenegro/ Montenegrin Investment Promotion Agency - MIPA
Montenegrin Investment Promotion Agency - MIPA
Key Competitive Attractions
Montenegro is strategically positioned in the centre of the Mediterranean in South Eastern Europe, neighbouring Croatia, Albania, Serbia, Bosnia-Hercegovina and, across the Adriatic Sea, Italy.
Key Competitive Attractions:
- Foreign companies are guaranteed equal legal treatment to local companies.
- There are zero limitations on the amount of capital invested in Montenegro.
- Foreign investors are able to acquire rights to real estate.
- Investment projects in Montenegro can be insured by all major global insurance companies.
- Lowest corporate income tax rate in Europe at just 9%
- Highly attractive tax system
- Montenegro is a logistics hub, excellently placed for trade with EU countries, South Eastern Europe or Middle Eastern markets.
- Attractive blend of logistic options, with efficient road, rail and air links.
- Multi-lateral Free Trade Agreements with the EU, European Free Trade Association (EFTA), the Central European Free Trade Agreement (CEFTA), and the Free Trade Agreement with Russia.
- Macroeconomic stability
- Stable currency - Montenegro adopted the Euro when it was introduced.
- The start-up process of a limited liability company in Montenegro takes just four working days.
- A stable democratic country, with one of the region’s fastest growing economies.
- Open economy and a business-friendly environment.
- Rising GDP and falling inflation rates.
- Montenegro is becoming one of the top economic performers of South Eastern Europe.
- Comparatively low property costs
- Comparatively low utility costs
Labour:
- The average monthly salary is €508
- As a small country with a population of just 620 000 people, Montenegro offers a highly skilled workforce at competitive costs.
- Approximately 1,300 students graduate from universities and colleges in Montenegro each year, and one-third of these students graduate from technical universities.
- Montenegro has been putting 25% of public expenditure towards educational reform, since the Bologna Declaration was introduced in 2004.
- Montenegro’s well-developed tourism industry means that the workforce speaks many foreign languages.
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