Zagreb – Favorable investment climate, tax system which is inclined towards entrepreneurs, free transfer and re-investment of profit and payment abroad are key advantages of investment in Montenegro – concluded entrepreneurs and state employees of Croatia and Montenegro on a presentation “The way and the flow of privatization and possibilities for foreign investments in Montenegro”.
Presentation in Zagreb, which gathered about 50 leading Croatian enterprises, was organized by Croatian business chamber, Agency of Montenegro for restructuring and foreign investments and PRA Agency as a part of manifestation “Days of Podgorica in Zagreb”.
Director of the Agency of Montenegro for restructuring of economy and privatization stressed the favorable investment climate, national treatment of investors, taxing, as well as domestic juristic persons with the usage of other tax benefits.
– Tax on profit of juristic persons in Montenegro is 9%. Tax on profit of physical persons is 15%, and in 2009 it will be decreased on 12%, and in 2010 on 9% – said Vujovic.
From the project which was presented to Croatian investors by Vujovic, big projects in tourism stand out, such as privatization of health tourist complex Institute “Dr Simo Milosevic”, hotel enterprise “Ulcinj Riviera”, Ulcinj’s Ada Bojana, 14 kilometers long beach Velika Plaza in Ulcinj, tourist complex Valdanos, Adriatic shipbuilding yard Bijela…
Potential investors from Croatia were drawn by the possibilities for investments in tourism, agriculture, energetic, traffic, projects of construction of marinas, as well as the investments in the firm with the biggest vineyards in Europe, Plantaze.
The ambassador of Montenegro in Croatia, Branko Lutovac, invited Croatian entrepreneurs to get included in privatization of Montenegrin enterprises which are about to happen, especially pointing out Electrical company of Montenegro.
– The investments of 300 millions of euros in ECM without foreign investors Montenegro probably is not ready to pay alone – stressed Lukovac.
A member of the representative office of Croatian business chamber in Kotor, which has been presented in Zagreb, Damir Pinjatic, stressed that their obligation in Montenegro is to help the merger of economies of two states as efficient as possible.