Expat Guide to Montenegro

Startups in Montenegro

Montenegrin $4.2 billion GDP isn’t big enough, its less-than-million population is too small and its industrial and service base is too low-tech and under-developed to sustain a large virtual economy. As a result Montenegrin startup community is still in its infancy. There is a progress from year to year, but the things are moving forward slowly. We believe this can change very rapidly if the goverment and big companies will provide financial and technological support to the startup ecosystem.

Montenegro is close to EU and can serve as a low-cost and low-tax launch pad for high-tech founders aiming at neighboring Eastern and Western European markets. However, a deficit of qualified personnel may be a serious deterrent for startups growth as many local young technical talents, faced by 20% unemployment rate, seek jobs outside of their country borders.

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