Recently, according to a news report released on the official website of the Government of Montenegro: Prime Minister Duško Marković stated at the annual meeting of business people organized by the Chamber of Economy of Montenegro: "In 2019, approximately 2.6 million tourists visited Montenegro, with official records showing 14.5 million overnight stays. Our revenue from domestic and international tourists was approximately €1.1 billion, which gives us the right to say that this was the best tourism year in Montenegro's history."
At the same time, Prime Minister Duško Marković pointed out that in the past three years, a total of 103 new hotels have opened in Montenegro, with 49 new hotels opening in 2019 alone, providing over 3,700 beds. By the end of this year, Montenegro's airports have handled approximately 2.6 million passengers, an increase of 220,000 compared to last year. The success of Montenegro as a renowned tourism and investment destination depends not only on the work of the Montenegrin government and competent authorities but also on the economic sector.
Vlastimir Golubović, President of the Chamber of Economy of Montenegro, stated: "This year, the tourism industry continued to achieve remarkable results, and high-quality hotel facilities and other tourism amenities have further consolidated Montenegro's position as a famous tourist destination. I hope that the investment cycle will begin with tourist capacity in the northern region of our country, primarily through the development of ski center infrastructure, which will allow us to position ourselves among famous destinations for winter tourism."
The above content and data are sourced from: The official website of the Government of Montenegro
Montenegro's tourism industry is growing at an astonishing rate
As one of the few countries that considers tourism a pillar of its national economy, Montenegro has always focused on the development of the tourism industry, which has achieved leapfrog development. According to official data released by the Statistical Office of Montenegro, the number of tourists in 2018 increased by more than 15% compared to 2017, and the tourism industry's profit in 2018 was approximately €1 billion. The World Travel & Tourism Council (WTTC) ranked Montenegro first on the list of countries where "tourism is a strategic industry." Over the next decade, Montenegro's tourism industry is expected to grow at a rate of 8.8%.
Montenegro has a friendly tax system, suitable for overseas business
The Montenegrin government attaches great importance to improving the investment environment and attracting foreign investment. In recent years, Montenegro's economy has generally shown a growth trend. Since 2015, Montenegro's average annual GDP growth rate over the past four years has been approximately 4%, and in 2018, it achieved a GDP per capita of $8,226.6. The "Law on Foreign Investments of Montenegro" has established a clear, friendly, open, and fair business environment. In the World Bank's "Doing Business 2018" report, Montenegro ranked 42nd out of 190 countries. At the same time, Montenegro is a country in Europe with relatively low tax rates and a friendly tax system, with a corporate profit tax and personal income tax rate of 9%, making it an excellent destination for overseas business.
Great news! The second investment citizenship project approved by the Montenegrin government, "Breza Hotel," has been grandly released. The investment is only €250,000, and the property can be sold after 5 years of ownership. It features independent permanent property rights and a variety of high-quality unit types. First come, first served!
Located in an important tourism center in Montenegro, with promising development prospects
"Breza Hotel" is located in the city center of Kolašin in northern Montenegro, which is known as a "spa oxygen bar." At the same time, as a mature tourist area in Montenegro, Kolašin is known as one of the "Top 10 Ski Resorts in Europe," offering hiking, mountaineering, cycling, fishing, Tara River canyon rafting, etc., attracting numerous tourists every year. The influx of tourists makes hotels in the area in short supply and fully booked every day. Guests basically need to book rooms a long time in advance. One can imagine the market potential of hotels in Kolašin.
Convenient transportation and superior location
"Breza Hotel" has a superior location, surrounded by beautiful primeval forests and the Tara River (a UNESCO World Natural and Cultural Heritage site), known as the "Tear of Europe," and is close to the two major ski centers, Kolašin 1450 and Kolašin 1600. Furthermore, the project is 72 kilometers away from Podgorica International Airport, and it takes about 1 hour and 20 minutes to drive to the airport to fly globally. Currently, the North-South Highway project, built by Chinese enterprises, is nearing completion. It is expected that after the highway opens, the driving time may be shortened to 30 minutes, at which time the transportation distance to the Montenegrin capital will be "integrated into the same city."