Montenegro Investment & Business Opportunities (MIBO 2018) Last updated: July 17, 2018 Ministry of Foreign Affairs of Montenegro Directorate General for Economic and Cultural Diplomacy MONTENEGRO INVESTMENT AND BUSINESS OPPORTUNITIES July 2018 Contents 1. MONTENEGRO AT A GLANCE ............................................................................................................... 5 2. WHY INVEST IN MONTENEGRO ........................................................................................................... 6 3. MAIN CONTACTS .................................................................................................................................. 7 4. KEY ECONOMIC POLICY DOCUMENTS, STRATEGIC DOCUMENTS AND BROCHURES ......................... 8 5. BUSINESS AND INVESTMENT ENVIRONMENT IN MONTENEGRO ...................................................... 9 Business-related legislation ...................................................................................................................... 9 Rankings of economy and ease of doing business .................................................................................... 9 6. TAX SYSTEM AND INCENTIVES ........................................................................................................... 10 Tax system............................................................................................................................................... 10 Tax incentives .......................................................................................................................................... 11 7. BUSINESS STIMULATING PROGRAMS ................................................................................................ 12 Subsidies for employment ...................................................................................................................... 14 8. HOW TO REGISTER COMPANY IN MONTENEGRO ............................................................................. 14 Establishment of a limited liability company .......................................................................................... 15 Establishment of a joint-stock company ................................................................................................. 16 www.mvp.gov.me [email protected], +382 20 416 321 1 Montenegro Investment & Business Opportunities (MIBO 2018) Last updated: July 17, 2018 9. INVESTMENT LOCATIONS, BUSINESS ZONES AND FREE ZONES ....................................................... 17 10. BUSINESS ASSOCIATIONS IN MONTENEGRO ................................................................................ 18 11. SINGLE PROJECT PIPELINE – THE LIST OF PRIORITY INFRASTRUCTURE PROJECTS ....................... 19 12. THE PRIVATISATION PLAN.............................................................................................................. 20 1. Valorisation of tourism locations or companies through public private partnership .................... 20 2. Sale of shares at the Stock Exchange .............................................................................................. 21 3. Sale of shares and property by public auction ................................................................................ 21 4. Companies or property not included in the Plan ............................................................................ 21 13. TRANSPORT INFRASTRUCTURE ...................................................................................................... 21 1. STATE ROADS .................................................................................................................................. 21 Construction of Highway Bar – Boljare ............................................................................................... 22 SEETO ROAD Route 1: Coastal option of the Adriatic-Ionian highway - Construction of Expressway along the Montenegrin coast .............................................................................................................. 23 2. AIRPORTS ........................................................................................................................................ 24 Development of Airport Tivat ............................................................................................................. 24 The Projects at the Podgorica International Airport ........................................................................... 24 3. RAIL INFRASTRUCTURE ................................................................................................................... 25 Route 4: Reconstruction and modernization of the railway Bar-Vrbnica- Border with the Republic of Serbia .................................................................................................................................................. 25 Route 2: Reconstruction and Modernization Railway Line Podgorica – Tuzi – Border Crossing with Albania ................................................................................................................................................ 25 4. PORTS AND MARITIME ECONOMY ................................................................................................. 26 Rehabilitation of Volujica quay construction (length of 554m) and construction of Volujica quay extension (166m) in Port of Bar .......................................................................................................... 26 Barska plovidba – purchase of used ferryboat ....................................................................................... 27 14. HEALTHCARE SECTOR ..................................................................................................................... 27 Health infrastructure construction opportunities .................................................................................. 28 Psychiatric Clinic in Podgorica ............................................................................................................. 28 Clinic for Infectious Diseases and Clinic for Dermatovenerology in Podgorica .................................. 28 Building of a general hospital facility in Pljevlja .................................................................................. 28 Internal Medicine Clinic of General Hospital Bijelo Polje ................................................................... 28 Treatment of medical waste water in the Clinic Center of Montenegro............................................ 28 Use of renewable energy sources in electricity supply, preparation of hot sanitary water and cooling system of the Clinical Centre of Montenegro ..................................................................................... 28 www.mvp.gov.me [email protected], +382 20 416 321 2 Montenegro Investment & Business Opportunities (MIBO 2018) Last updated: July 17, 2018 Medical Tourism Investment Opportunities ........................................................................................... 29 Institute "Dr Simo Milošević"- Igalo, Herceg Novi (privatisation plan for 2018 - sale of shares and property by public tenders) ................................................................................................................ 29 Private health facility, General Hospital - Meljine, Herceg Novi......................................................... 29 15. ENERGY ........................................................................................................................................... 30 Hydropower plants ................................................................................................................................. 31 Hydro Power Plants on Komarnica River ............................................................................................ 32 Hydro Power Plants on Morača River ................................................................................................. 33 Small Hydropower Plants .................................................................................................................... 34 Solar power plants .................................................................................................................................. 34 Photovoltaic power station “Briska Gora”, Ulcinj ............................................................................... 35 Solar power plant “Velje Brdo”, Podgorica ......................................................................................... 36 Wind Power Plants .................................................................................................................................. 36 Biomass potential ................................................................................................................................... 36 16. PROCESSING INDUSTRY ................................................................................................................. 37 Metal Processing Industry ...................................................................................................................... 38 Wood Processing .................................................................................................................................... 39 Paper Industry ......................................................................................................................................... 40 Textile Processing...................................................................................................................................