Montenegrin government invites investors planning to invest minimum EUR 500,000 to apply for incentives

The Government of Montenegro anounced Wednesday it would be granting incentives for direct investments in projects valued at minimum EUR 500,000 and resulting in the creation of at least 20 new jobs within three years. Eligible applicants are all foreign and domestic companies and entrepreneurs, and the funds for this purpose will be provided from the budget.
As it was announced, the money obtained in this way cannot be used to finance primary agricultural production, hotel and restaurant business, transportation or commercial freight transportation services.
Also, these incentives cannot be used to build hotel or restaurants with the only exception being hotels with three or more stars in underdeveloped areas.
The use of this budget money is also forbidden for games of chance, trade, primary production of coal and steel, electricity, oil and gas, tobacco and tobacco products, arms and ammunition, genetically modified organisms and hazardous waste.
Incentives will be paid to selected investors in installments amounting to a third of the total sum, while foreign investors can obtain this money only if they establish an enterprise in Montenegro, the Montenegrin government stressed.

Vlada Crne Gore

Government of Montenegro

incentives for investors