Montenegro Investment Incentives Inventory for 2021

The Ministry of Economic Development, in cooperation with the World Bank Group and state institutions (ministries, UPCCG, MIA), has completed updating of the Investment Incentives Inventory with a comprehensive review of available financial and non-financial support programs for the private sector as well as domestic and foreign investors for 2021, by the Government of Montenegro.

The purpose of creating the Investment Incentives Inventory is recognized in the Action Plan of the Regional Investment Reform Agenda (RIRA), which is implemented within the multi-annual Action Plan for the Regional Economic Area in the Western Balkans (MAP REA). Aim of the Regional Investment Reform Agenda is to improve the attractiveness of the Western Balkans region for foreign but also for regional investors, which would enable a higher inflow of investments and achieve a higher level of entrepreneurship, trade and job creation.

The Investment Incentives Inventory is a publicly available database of investment incentives at the national level provided by state authorities to domestic and foreign investors in various sectors.

The inventory contains data on 40 incentive measures that are available to domestic and foreign investors through various support programs intended for the private sector, and which were created and implemented by the competent ministries. The Investment Incentives Inventory was created with the aim of providing comprehensive information on the content, scope, purpose, characteristics and benefits of incentives, as well as information on conditions, norms, rules and procedures that are implemented in order to achieve investment incentives.

In order to provide long-term benefits of using the data available in the inventory, the Ministry of Economic Development, in coordination with line ministries, will regularly update the inventory so that potential investors have precise and complete information in real time, which would further encourage investment activity in Montenegro.

Prompt updating of the Investment Incentives Inventory will contribute to improving the transparency of available incentives and it will provide better access to the use of available support programs, as well as conditions for quality evaluation and monitoring of the implementation of incentives.

The Investment Incentives Inventory will be available on the official websites of the Ministry of Economic Development (https://www.gov.me/mek) and Montenegro Investment Agency (https://mia.gov.me/).