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ARTICLE · 16 JULY 2019

A New Regional IT Hub?

In terms of the business climate, significant progress has been made in the last couple of years towards streamlining business start-up procedures.

MontenegroGovernment, Public Sector

This small Mediterranean country – known as the perfect blend of gorgeous coastline and dramatic mountains – has much more to offer then meets the eye. In terms of the business climate, significant progress has been made in the last couple of years towards streamlining business start-up procedures. Many investors have entered the market which has resulted in remarkable rise of foreign direct investment. But, is there perhaps a development opportunity which might have been overseen? Does Montenegro have the potential to become a regional IT hub?

IT businesses are running the world nowadays. The lure of the digital nomads' lifestyle has caused the proliferation of flexible, location-independent companies. Tax legislations and European regulations are adapting slower than business development in this sector. For some countries, this transition has already brought opportunities which have been welcomed smartly (for example Estonia) but for other, this can be a crucial

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