Best Cities to Start a Business in Montenegro
Montenegro is full of many attractive cities, each offering different advantages. Various cities of the country offer opportunities in different sectors for investors and entrepreneurs to start businesses. In this blog post, we will compare the best cities to start a business in Montenegro and the opportunities they offer.
Budva: An Ideal Option for Tourism and Accommodation
Budva is one of the most popular tourist cities in Montenegro and offers great opportunities, especially for those who want to invest in the tourism and hospitality sector. The city welcomes millions of tourists every year, which creates great potential for businesses such as hotels, restaurants and tourist services. Budva’s beaches, historical buildings and nightlife offer a stable source of income for tourism-based businesses. Also, Budva’s vibrant social life is a great advantage for those who want to balance social life while starting a business.
Podgorica: Capital City Advantage for Trade and Industry
Podgorica, as the capital and largest city of Montenegro, is an ideal option for those who want to invest in the trade and industry sectors. The city offers many opportunities to do business as it is the economic and political center of the country. Podgorica provides advantages to investors who want to operate in the fields of trade and industry thanks to its transportation infrastructure, large business centers and international connections. Moreover, the business environment in the capital offers more diversity and growth potential compared to other cities.
Kotor Opportunity for Historical and Cultural Investments
Kotor is a UNESCO World Heritage Site with its historical and cultural heritage. Therefore, there is a great opportunity for those who want to make tourism and cultural investments in Kotor. Historical buildings, narrow streets and spectacular views make Kotor an attractive destination for tourists. You can capitalize on Kotor’s tourism potential by investing in businesses such as boutique hotels, restaurants and tour guiding. In addition, the various festivals and events organized in the city offer additional opportunities for those who want to operate in the tourism sector.
Tivat An Attractive Destination for Luxury Tourism and Yachting
Tivat is one of Montenegro’s most prominent cities in the luxury tourism and yachting sectors. Porto Montenegro, located in the city, is known as one of the most luxurious yacht harbors in the Mediterranean, making Tivat an attractive option for those who want to invest in luxury tourism and yachting. By investing in Tivat in areas such as hotels, marina services, yacht maintenance and repair, you can create a stable business model for luxury tourism. Moreover, Tivat’s growing tourist infrastructure makes the city a great opportunity for those who want to operate in this sector.
Herceg Novi Potential for Health Tourism and Spa Investments
Herceg Novi is a city located in the northwest of Montenegro and has great potential especially for health tourism and spa investments. The city offers an attractive environment for those who want to operate in the field of health tourism with its thermal water resources and natural beauties. You can take advantage of the natural resources Herceg Novi has to offer by investing in spa centers, thermal hotels and health tourism facilities. In addition, the natural beauty and tranquil lifestyle in the city provide an ideal environment for investments in health tourism.
For investors who want to start a business in Montenegro, cities such as Budva, Podgorica, Kotor, Tivat and Herceg Novi offer great opportunities in different sectors. Each city has its own advantages and potential investment areas. Budva and Kotor are ideal for tourism-oriented investments, while Podgorica offers opportunities in trade and industry. Tivat offers attractive options for luxury tourism and yachting, while Herceg Novi offers attractive options for health tourism and spa investments. By starting a business in Montenegro, you can take advantage of the opportunities offered by these cities and make a profitable investment.