In Montenegro today there are31,814 companies,owned by foreign citizens, and their total revenue in 2024 amounted to nearly 199 million euros, the Tax Administration said. According to economic analyst Vasiliy Kostic, the growth in the number of such companies is a natural consequence of the increase in the number of foreigners living in Montenegro, and he describes this trend aspositive for the national economy.
The expertemphasizedthat the state should use incentive or restrictive measures to direct the development of foreign businesses into those sectors that are most important for the long-term growth of the Montenegrin economy.
The largest number of foreign companies is registered by Turkish citizens
According to official statistics, the largest number of foreign enterprises is registered by citizens ofTurkey — 9,818 enterprises (33%). In second place isRussia, whose citizens ownabout 7,200 companies (24%), andSerbiatakes third place —3,220 enterprises (11%). They are followed by Ukraine, Germany and Italy.
Almost a quarter of all foreign firms (24%) operate in wholesale and retail trade, while the construction sector accounts for 13.4%, which corresponds to more than four thousand companies.