Recently, the Government of Montenegro – Secretariat for Development Projects has issued a public announcement for awarding funds to foster direct investments.
Accordingly, subject to conditions, any domestic or foreign company, legal entity or entrepreneur can apply for funds.
A direct investment is considered as an investment in tangible and intangible assets of business entities with the aim to establish a new business entity, expand the capacities of the existing business entity and diversify the production of a business entity into new products or production processes.
The funds will be awarded to the projects with the minimum investment value of €500,000. and which can generate minimum 20 new job posts within three years from the date of the agreement for the utilization of funds.
The deadline for the application for funds is 01 September 2015.
The conditions and all other relevant information can be found at the website of the Secretariat for development Projects – HERE!
On a different note, The Ministry of Economy of Montenegro has recently published the “Montenegro Investment Environment Guide 2015” which provides detailed analysis of the investment climate in Montenegro. The Guide can be found here.
For more information please contact: