The Island of Mamula

This small islet is of circular shape, and is 200m in diameter. It is 3.4 nautical miles (6.3 km) away from Herceg Novi. While the fort has deteriorated the island is still visited by boats, mainly from Herceg Novi, and is a popular one-day trip destination. The island beaches are very pleasant.

Economic Indicators

Basic Economic Indicators

	2004	2005	2006	2007	2008	2009	2010
GDP (mil. €)	1565	1815	2149	2544	3025	3003	3025
GDP per capita	2684	2912	3442	4058	4840	4720	N/A
GDP growth rate	4.2%	4.2%	8.6%	10.3%	9.1%	-5.7	0.5
Inflation	4.3%	1.8%	2.1%	7.7%	10.0%	1.5%	0.2%
Unemployment rate	21%	18.4%	14.6%	11.8%	10.5%	11.42%	11.75
Foreign Direct Investment (mil. €)	61.90	383.00	644.00	1000.70	832.10	910.90	643.10

Foreign Direct Investment in Montenegro - Top 10 (2001-2009)

Country	mil €
Russian Federation	474.50
Hungary	350.70
Cyprus	342.30
Great Britain	326.50
Switzerland	293.40
Austria	246.40
Serbia	153.80
Germany	133.90
Slovenia	127.90
USA	93.90
TOTAL	2543.30

Montenegrin Economic Reforms Achievements

Macroeconomic stability

Credible currency (EURO)

Banking system successfully reformed

Low inflation

Low taxes - high level of fiscal incentives

Legal protection of investors

Constant efforts to minimize administrative business barriers

Openness

Decreased conventional and non-conventional investment risks

Ultimate goal:

Open, liberal, efficient, and flexible business environment

Liberal Tax System

Value Added Tax – 0%,7% and 17%

Personal Income Tax – progressive rate decreased to 9%

Corporate Income Tax – 9%

Average tariff rate approximately 6%

No double taxation

10 June, 2011

Montenegro at Expo Italia Real Estate - EIRE 2011 - Italy

07-10 June, 2011

11 March, 2011

Montenegro at Mipimhorizons 2011 - Cannes, France

08-11 March, 2011

PDF Document, 3.13MiB

Montenegro Investment Guide

White letter by the Ministry of Sustainable Development and Tourism