Attractive opportunities in Montenegro

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Montenegro Overview

Situated on the coasts of Adriatic Sea is a tiny republic of Montenegro. Though small, this newest European nation is certainly not short on places of interest for the visitors. The country announced its independence from the former Union of Serbia and Montenegro in 2006 and became the then World’s newest sovereign State.

Having announced its arrival on the world map, Montenegro is raring to go after the global travellers, and showcase its vast reservoir of places of tourists’ interest. Of course, being a coastal republic, the visitors are simply pampered for choice among 117 pristine sandy beaches along the Adriatic Coast.

While you are left to wonder about the coastal beauty of the country, you are missing on the thrill of old towns, like Budva, Kotor (UNESCO World Heritage Site), Herceg, Novi, Perast, and Bar. Some of the hot destinations around include, beautiful Boka Kotorska Bay, Tara Canyon (the deepest canyon in Europe), peaks of Durmitor National Park, Biogradska Gora (Europe’s last rainforest), Skadar Lake (largest lake in the Balkans), Ostrog Monastery (situated on the almost vertical cliff of Mount Ostrog), etc.
10 reasons to invest in Montenegro
  1. Tourists visiting Montenegro is increasing at a rate of 17% per year and it is one of the top 10 holiday destinations in the world.
  2. By 2014 Montenegro is expected to become the fastest growing tourist destination in the world.
  3. Since 2000 the economy has been growing steadily at 3.1% and inflation has remained below 4.5%.
  4. The land laws of Montenegro give foreign investors equal status with Montenegrin investors, with full deeds and title to land and real estate.
  5. Over 80 tour operators from more than 15 countries, including 6 in the UK organize holidays to Montenegro.
  6. Government backed tourism - the Government of Montenegro has introduced legislation to support and encourage investment, which includes a Free Trade Zone status for suitable foreign investments, repatriation of earnings and residency rights.
  7. Funds are being invested by the EU - the ERBD Bank invested €11 billion in 2003 into airports.
  8. In 2004, the World Travel and Tourism Council, a trade group of business leaders, highlighted Montenegro as the 'fastest growing travel and tourism economy in the world'.
  9. Property is already in demand especially from the Russians, the British and the Irish following on from independence from Serbia in June 2006 and a stable economic and political climate.
  10. The property buying process has improved and is relatively straightforward when buying off-plan.

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