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MONTENEGRO, A Treasure Trove Of Opportunities

Montenegro is a country of pure nature, there are national parks with glacial lakes and relict black pines in the north, there is the crystal clear Adriatic Sea in the south of the country.

Roman ruins, churches of three world's major faith traditions, Venetian and Ottoman fortresses of the Middle Ages are intertwined with modern design, delighting the eyes of connoisseurs of high architecture. Gourmets enjoy haute cuisine - Balkan and Mediterranean, visit local restaurants, which offer wonderful views of the mountains and the sea, parks and lakes from their terraces.

There is also a city fully under the protection of UNESCO - Kotor - the open-air museum. Majestic mountains and crystal sea slick accompany tourists throughout their journey across the country. From the moment of arrival in the plane's windows, two blue bowls open, heavenly and sea, pulled together by rough stitches of layered mountains.

The beaches are a special highlight of the Adriatic coast. The length of the coastline of Montenegro is about 73 kilometers. The number of beaches is over a hundred. The shore is divided into cozy bays, closed from prying eyes - they are vast, with a large-scale view of the setting sun, falling as a bright sweet orange over the horizon.

Each bay has its own beaches: pebble and sandy-pebble, private and public. The Budva Riviera has been repeatedly awarded the Blue Flag (international award), which confirms the safest, most ecological and comfortable conditions for a beach holiday.

The rest in Montenegro has been carefully prepared to please the most demanding taste: there are calm, secluded villages and cities with a rhythm of life that does not subside until 01.00 AM, a time when, by law, the entire Adriatic coast falls asleep in peace and quiet.

The resorts of the Budva Riviera deserve special attention: the City of Budva, the villages of Becici and Rafailovici, Sveti Stefan and Petrovac - villages and beaches - each will find its own tourist.

Montenegro is a new tourist destination for tourism lovers from all over the world, especially during the summer vacation because of its great tourist potential in terms of scenic landscapes, beaches, mountainous areas and breathtaking sea, and the moderate atmosphere in the summer. Its coastline stretches 295 kilometers along the Adriatic Sea, giving its mountains and inland stunning sea views. Mountains represent about 70% of the country, a natural problem of a dialogue between the sea and the highest, as the mountains are up to 2500 meters high above sea level.

  1. Montenegro is a young state that declared its independence from Serbia in 2006, it has a population of 660 thousand. The historic district of the capital, Podgorica, is a witness to the history of Muslims in Montenegro. That area included seven mosques and a house dating back to 1826 that was a meeting place for people, especially during the month of Ramadan, the house distributed food for Iftar and Suhoor for the poor.

 

  2. Montenegro is located in southern Europe and was one of the two constituent countries of the Union of Serbia. On 21 May 2006, a referendum was held on the secession of Montenegro from Serbia, with 55.5% in favor. Montenegro is bordered by Croatia to the west, Bosnia and Herzegovina to the north, Serbia and Kosovo to the east and Albania to the south.

 

  3. Montenegro enables the citizens of the UAE, Kuwait and Qatar to travel to its territory without the need for a visa, and for the residents in the UAE who have valid residency.

 

  4. The most important hotels

Thanks to the government's efforts and investments from five-star hotel operators such as Aman Resorts, One & Only, Four Seasons and Orascom, Montenegro's tourism industry is currently growing at the highest rates in the world (with investments of more than € 2 billion from foreign investors).

 

  5. The beauty of nature and splendor of tradition

The coast of Montenegro, overlooking the Adriatic Sea, meets Europe's southernmost fiord, the Gulf of Kotor. Its beaches are titivated with palm trees, the dense green mountains paint behind them a charming painting, that embodies the heart of the best peregrination places in the Mediterranean basin. The Gulf, classified as a naval base from the days of the Roman Empire, has existed for centuries. Today, it is known for its natural beauty, historical and cultural treasures, it includes the two towns of Perast and Kotor, which are UNESCO World Heritage Sites, and also the historical islands of “Our Lady of the Rocks” and “Saint George”.

 

 6. Most important tourist places:

Durmitor, the national park. The town of Zabljak counts as the best place to reach the dense forests in this protected park, which is the ideal destination for nature lovers, especially as it includes a number of high peaks, lakes "Black Lake" and the famous Tara River.

Kotor, the Gulf and the historic city:

It is a coastal city located on the mouth of the river Scurda, it is one of the most important tourist attractions in Montenegro thanks to its picturesque nature and wonderful bay, this city includes a number of walls and fortifications dating back to more than a thousand years. 

click here ! for more about Kotor.

Budva, the old town and the castle

An ancient medieval town, studded as a jewel on a small peninsula, characterized by the luster of the narrow alleyways and lively nightlife. The castle of Budva is one of the most important historical monuments, it attests to its history and events throughout history. click here ! for more about Budva.

 

Ulcinj, the capital of pirates

A border town in the south of Montenegro along with the predominantly Muslim Albania, once known as the Pirate Capital, is today one of the most famous cities in Montenegro, especially with its beautiful promenade and great beaches.

Tivat,

Tivat is a coastal town and a popular tourist destination located in the Bay of Kotor, Montenegro. Here are some key details about Tivat:

  1. Geography: Tivat is situated in the southwestern part of Montenegro, on the Adriatic Sea. The town is known for its picturesque landscapes, crystal-clear waters, and a favorable Mediterranean climate.

  2. Tourism: Tivat has become a significant tourist destination in recent years, attracting visitors with its charming old town, beautiful beaches, and vibrant atmosphere. Porto Montenegro, a luxury yacht marina and waterfront development, has played a pivotal role in positioning Tivat as a high-end destination for both tourists and yacht enthusiasts.

  3. Porto Montenegro: This marina and lifestyle complex is one of the largest and most sophisticated in the Adriatic. It offers berths for luxury yachts, upscale residences, high-end retail outlets, restaurants, and various leisure amenities. The development has contributed significantly to the town's economic and tourism growth.

  4. Cultural Attractions: Tivat has a rich cultural heritage, with historic sites such as the Renaissance Summer House Buca, the Church of St. Michael, and the Church of St. Rocco. The town's architecture reflects a blend of traditional Mediterranean and more modern influences.

  5. Natural Beauty: Beyond its urban attractions, Tivat is surrounded by stunning natural scenery. The Bay of Kotor, a UNESCO World Heritage site, provides a breathtaking backdrop. Visitors can explore the nearby Lustica Peninsula, visit the Gornja Lastva village, or relax on the town's beaches.

  6. Transportation: Tivat is accessible by air through the Tivat Airport, which is conveniently located near the town. The airport facilitates travel to and from various European cities. Additionally, Tivat is well-connected by road and can be reached by car or bus.

  7. Events: Tivat hosts various cultural events and festivals throughout the year, attracting both locals and tourists. These events often showcase traditional music, dance, and local cuisine.

Overall, Tivat offers a unique blend of history, culture, and modern luxury, making it an appealing destination for a diverse range of visitors.

european-union | Montenegro

EU Economic and Investment Plan
unprecedented support for the Western Balkans

From the official website of the European Council

investment package mobilising some €30 billion

 

€9 billion in grants*

investment guarantees

What for?

Bringing the Western Balkans closer to the EU 

  1. Sustainable transport

  2. Clean energy

  3. Environment and climate

  4. Digital future

  5. Private sector

  6. Human capital

 

Bringing positive change to the Western Balkans:

  • Good governance

  • Respect for rule of law

  • Structural economic reforms

  • Building just and fair societies

 

*under pre-accession assistance 2021-27

Why invest in Montenegro?

• Politically and economically stable, democratic, multicultural multi-religious society.
• Active promoter of good neighborly relations and participant in regional cooperation.
• Member of NATO since June 2017.
• Candidate for membership of the EU (prospective membership by 2025).
• Member of the World Trade Organization (WTO) since 2012 (party to the Trade Facilitation Agreement – TFA).
• Member of the World Bank since 2007.
• Member of the International Monetary Fund (IMF) since 2007.
• Euro (€) is the official means of payment.
• Enjoying access to a market of around 800 million consumers owing to the free trade agreements with the EU (Stabilization and Association Agreement), CEFTA, EFTA, Russia, Turkey and Ukraine.
• “The Gateway to the Balkans”, thanks to its favorable geographical location at the Adriatic / Mediterranean Sea (convenient access for trade via Port of Bar, good railway and road connection to Eastern and Central Europe) and stimulating business environment.
• 22 Agreements on economic cooperation in force with following countries: Austria, Belgium-Luxembourg Economic Union, Bulgaria, Czech Republic, Greece, Croatia, Hungary, Germany, Slovenia, Spain, Romania, Slovakia, Albania, Argentina, Azerbaijan, Qatar, China, Republic of North Macedonia, Serbia, Swiss Confederation, Turkey and UAE .
• 23 Agreements on mutual promotion and protection of investments in force with: Austria, Slovakia, Serbia, Czech Republic, Finland, Denmark, State of Qatar, Republic of North Macedonia, Malta, France, Greece, Netherlands, Israel, Cyprus, Romania, Germany, Lithuania, Poland, Spain, Swiss Confederation, Azerbaijan, Moldova, and United Arab Emirates.
• Agreements on avoidance of double taxation in force with: Albania, Belgium, Belarus, Bosnia and Herzegovina, Bulgaria, Czech Republic, Denmark, Egypt, Finland, France, Netherlands, Croatia, India, Italy, Iran, China, Cyprus, Kuwait, Latvia, Hungary, Macedonia, Malaysia, Malta, Moldova, Germany, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sri Lanka, Switzerland, Sweden, Turkey, Ukraine, United Kingdom, Ireland, Serbia, UAE, Azerbaijan, Austria, Portugal. Recently signed with the Principality of Monaco.
• Highest FDI per capita in the region since regaining its independence in 2006 totaling to over 9 billion EUR with investors from more than 125 countries worldwide .
• Since becoming full member of the NATO Alliance, investments from the Alliance countries in 2018 have grown by 64.1% .

More ..

• Foreign companies enjoy the same treatment as national companies.
• Foreign investors may invest in any industry and are free to transfer funds, assets and other goods, including profit or dividend.
• Competitive tax system (general corporate profit tax and personal income tax is 9%, i.e. 11% for net wages above 720€).
• Incentives and tax reliefs for investment on both national and local levels, including in purposefully established Business and Free Trade Zones.
• Simple procedure for creating a company (four days and founding capital of €1).
• Quality banking sector, with 13 private banks (no commercial state-owned banks).
• Qualified and affordable workforce: English widely spoken across professions and trades; average gross earning for 2018 €766/ net €511.
• Increasingly popular tourism and lifestyle destination (“Wild Beauty” and “the Pearl of the Adriatic”) – One of the fastest travel growing destinations in the world, second fastest growing travel destination in Europe in 2017.
• Favorable climate with annual average of 240 sunny days.
• Geographical location with good accessibility – 2 international airports with year round and seasonal flights with most European capitals and towns and increasing number of flight connections with different regions of the world (including the market presence of low-cost carriers) .
• Popular nautical / cruising / yachting destination (Port of Kotor, Port of Bar, Porto Montenegro, Porto Novi, Marina Budva, Marina Bar, Luštica Bay…).
• Fairly liberal visa regime.

fly to Montenegro | G.E - Montenegro

Montenegro Facts

  • Official name: Montenegro

  • Area: 13,812 km2

  • Population: 627,987 

  • Border length: 614 km

  • Coastline: 293 km

  • Climate: Mediterranean

  • Average number of sunny days: 180

  • Temperature: 27.4° C in summer, 13.4° C in winter

  • Capital: Podgorica (population of 187,085) – administrative and economic centre

  • Royal capital: Cetinje – historical and cultural centre

  • Form of government: Parliamentary republic

  • Official language: Montenegrin; Serbian,Bosnian, Albanian and Croatian are also in official use.

  • Literacy rate: 98.5%

Ethnic composition:

  • Montenegrins 44.98%

  • Serbs 28.73%

  • Bosniaks 8.65%

  • Albanians 4.91%

  • Muslims 3.31%

  • Non-declared 4.87%

Main religions: Orthodox Christianity, Islam, Roman Catholicism

Official Currency: Euro

Major industries: Tourism, metal industry, agriculture

CONTACT US | Montenegro.webp

Buying Guide

Guide and complete information on how to buy or invest in Montenegro, steps and costs, etc.

Montenegro

Get to know Montenegro, this unspoiled and emerging country with enchanting beauty and a peaceful and peaceful life

Projects

Some of the existing tourism and housing projects that you can participate in as an investor

Properties

Many of our apartments, villas, land and buildings included prices and  details

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