Construction Industry
Since becoming an independent nation again in 2006, Montenegro has established an investment framework aimed at promoting growth, job creation, and exports.
Despite the rise in cost of most building materials along with existing disruptions in international supply chains, the demand in construction industry is constantly getting higher.
Construction industry in Montenegro is stable and constantly growing. Especially regarding high-end luxury resorts, the whole complex are usually being sold 12-18 months prior to the completion of the project.
A Foreign Company
In Montenegro, there is no distinction between domestic and foreign companies.
Foreign companies have the ability to own 100% of a domestic company and can repatriate profits and dividends without limitations or restrictions. This policy is only excepted in a few cases related to defense industries.
Buying a property in Montenegro
Montenegro has granted EU nationals national treatment for buying real estate in the country through the Agreement on Stabilization and Association.
Foreign individuals can purchase properties in Montenegro without any legal restrictions, except for few limitations specified in the Law on Ownership Rights.
How can we help you?
We are a leading advisory firm in the field of foreign direct investments (FDI) in Montenegro. We cooperate with ministries, local mayors, special business zones to develop and implement successful strategies in order to attract greater inflows of foreign direct investment.
We also perform as a one stop shop investment agency, being the first and only contact of the investor to deal with administrative barriers.
A Drop of Statistics
According to preliminary data from the Central Bank of Montenegro the net FDI inflow amounted to 782.63 million euros in 2022, which is an increase of 34.56% compared to the previous year. Inflow in the form of equity investments amounted to 667.42 million euros or 57.96% of the total recorded FDI inflow.
In the structure of equity investments, investments in companies and banks accounted for 219.40 million euros (a 2.01% increase), while investments in real estate amounted to 448.02 million euros (a 60.99% growth).
Data from CBCG shows that in the previous year, the largest purchasers of real estate were German individuals and companies, with a value of 57 million euros. Russians came in second, investing 50 million euros in real estate. In third place were individuals and companies from Serbia, with 42 million euros, and in fourth place were customers from the United States of America, with a total of 32 million euros invested. Investors from Turkey followed in fifth place, with 30 million euros invested, while Ukrainians and Swiss invested 15 million euros each. Citizens of Bosnia and Herzegovina invested 14 million euros, British investors contributed 12 million euros, and both Austrians and buyers from the United Arab Emirates invested eight million euros each. Canadians invested 6.7 million euros, while the French invested 6.3 million euros. Poles invested 5.3 million euros, and customers from Croatia and Kosovo invested 5.2 million euros each. Czech investors contributed five million euros, while the Dutch invested 4.2 million euros. Slovenians invested 3.1 million euros, Luxembourgers invested 2.9 million euros, and buyers from Singapore invested 2.8 million euros.
