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20.07.2020
Number and structure of foreign owned business entities in Montenegro 2019

Number of foreign owned business entities in Montenegro in 2019 is 12 429, which compared with 2018 represents an increase of 47.8%.

The highest share of foreign owned business entities by owner's country of origin has Turkey 3 652, i.e. 29.4%; Russia 2 217 business entities, i.e. 17.8%; Serbia 1 627, i.e. 13.1%; and Ukraine 711 business entities, i.e. 5.7%.

Observing the year 2019, the highest number of foreign owned business entities is recorded in: Podgorica 3 806 (i.e. 30.6%); Budva 3 655 (i.e. 29.4%); and Bar 1 467 (i.e. 11.8%).

By sector of activity, the highest share of foreign owned business entities is in sectors: Wholesale and retail trade, repair of motor vehicles and motorcycles 23.9%; then Professional, scientific and technical activities 20.7%; and Construction 14.0%.

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