Business in Montenegro

Business in Montenegro

Unlike Britain, Montenegro is a genuinely business friendly culture. It’s only been an independent country for just over a decade, so it very much fits in the category of ‘developing nation’.

That means two things:

  • not everything that you take for granted in Britain is already in place
  • there is enormous opportunity for growth with limited competition

Direct flights are good in summer, less good in winter. Tivat airport gets crowded in summer, though they are in the process of extending it.

Customer service in the shops sometimes harks back to the communist era, where people dutifully lined up for whatever the state made available rather than being looked after as consumers who have a choice to go somewhere else!

There is particular potential for leisure and tourism related businesses, as more and more people discover the delights of the Adriatic resorts like Budva, Tivat and Kotor. Budva is somewhat over developed now, whereas further South things are only just getting started in Bar.

Some big money is coming into the country, like the €1 billion or so being spent on the Herceg Novi project by its Azerbaijan owners.

At the very least, you can set up a company with yourself as CEO and use that as a basis to rent out your property, reclaim the 21% VAT on it and get a work permit to run your business for as many or as few days a year as you see fit.

If you’ve read Andrew Henderson’s Nomad Capitalist book, you’ll know how highly he rates Montenegro. One of the main reasons is the ease of setting up a business here. Just fill in the form below and let’s start making it a reality for you and the people you care about.