According to Xinhua News Agency: Recently, the completion ceremony of the Mojkovac Wind Farm in Montenegro, jointly invested and constructed by Shanghai Electric (Malta) Holding Co., Ltd., a subsidiary of China Power Investment Corporation, and the Government of Malta, was held locally on the 18th and officially commenced operations. The Prime Minister of Montenegro, Zdravko Krivokapić, the Prime Minister of Malta, Robert Abela, and representatives from China Power Investment Corporation attended the ceremony together. This marks the official completion and operation of the Mojkovac Wind Project in Montenegro, which will bring new growth momentum to Montenegro's development. This is undoubtedly another significant piece of good news for investors looking to enter Montenegro!
In recent years, Montenegro has frequently appeared in the headlines of major global media, undoubtedly becoming a focal point of attention worldwide. So, what is the charm of Montenegro that attracts global investors?
Favorable Business Environment and Rapid Economic Growth
Montenegro is politically stable, with a high global peace index, ranking 67th in 2019, good public security, and a low crime rate. In recent years, the Montenegrin government has focused on improving the investment environment and attracting foreign investment. With the improvement of the external environment and the advancement of various economic reforms, Montenegro's economy has shown an overall growth trend, with an average annual GDP growth rate of about 4% over the past four years since 2015, and a per capita GDP of $8,226.6 in 2018. The "Montenegro Foreign Investment Law" establishes a clear, friendly, open, and fair business environment. In the "2018 World Bank Doing Business Report," Montenegro ranked 42nd among 190 countries. The registration of business companies in Montenegro takes an estimated 7-8 days, demonstrating its speed. At the same time, Montenegro is one of the countries in Europe with lower tax rates, with a friendly tax system, a corporate profit tax rate and personal income tax rate of 9%, making it an excellent destination for overseas business.
International Status Rising Year by Year
In 2006, Montenegro became a member of the United Nations (UN), joined the Central European Free Trade Agreement (CEFTA) in 2007, became a member of the WorldWay Organization (WTO) in 2011, and joined NATO in 2017. Montenegro is also a signatory to the U.S. E-2 visa treaty. At the same time, Montenegro's EU accession process has accelerated, and it is now a candidate country for EU membership and has been included in the EU's Eastern enlargement plan. According to the European Commission, Montenegro may join the EU before 2025.
Access to a Market of Approximately 800 Million Consumers
Montenegro has joined the WorldWay Organization, signed a Stabilization and Association Agreement with the EU, and signed free trade agreements with Russia, Turkey, and Ukraine, and has joined the Central European Free Trade Agreement and the European Free Trade Association, providing access to a market of approximately 800 million consumers.
Thriving Tourism and Real Estate Industries
Montenegro is a major tourist destination with abundant tourism resources. As a pillar industry of Montenegro's national economy, the tourism and real estate sectors are thriving. In particular, the tourism real estate sector benefits from the rapidly developing tourism industry, continuously attracting international capital and growing rapidly! According to data from the Statistical Office of Montenegro, the number of tourists visiting Montenegro in 2018 increased by more than 15% compared to the previous year. The World Travel and Tourism Council (WTTC) predicts that Montenegro's tourism industry is expected to grow at a rate of 8.8% over the next ten years, with vast development potential.
Great news! After much anticipation, the Montenegro Investment Citizenship Program, which has attracted global investors' attention, has officially launched in China! Recently, the Montenegro Investment Citizenship Program launch conference and ceremony, organized by WorldWay in collaboration with the Montenegrin government, was successfully held in Beijing, Shanghai, Shenzhen, and Qingdao. The Director and Deputy Director of the Montenegro Immigration Bureau, as well as the Montenegrin Ambassador to China and other government officials, attended to provide insights. The turnout exceeded expectations, with a huge crowd!
Mr. Dejan Medojevic, Director of the Montenegro Immigration Bureau, delivered an excellent speech at the Montenegro Investment Citizenship Program launch conference in China.
The Montenegro Investment Citizenship Program launch conference in China was attended by a huge crowd, far exceeding expectations.
Currently, Montenegro is one of the countries with an open investment citizenship program, and it is a candidate country for EU membership in the Eastern enlargement region with the Euro as its legal currency. Starting from an investment of €350,000, not only can you obtain a passport from Montenegro, a candidate country for the EU, but the investment assets are also Euro-denominated, allowing for Euro asset allocation, making it a win-win choice! More importantly, currently choosing the Montenegro Investment Citizenship Program can save approximately ¥450,000. Limited slots are available, and good projects won't wait for anyone! For more details, please consult: 400-138-2929
WorldWay Group, ranked among Asia's top 500 brands, is an introducer of European investment immigration and maintains friendly relations and long-term interaction and cooperation with the Montenegrin government, making it an excellent choice for obtaining a Montenegrin passport.
Great news! To celebrate the official launch of the Montenegro Investment Citizenship Program in China, we thank our new and old clients for their continued attention and support! From November 1 to 30, 2019, WorldWay is offering significant discounts on immigration projects from 18 countries, with investment amounts starting as low as $80,000! This limited-time event is in full swing, with many discounts and surprises. We welcome all new and old clients to actively participate and seize the opportunity!
