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

Schoenherr operates the largest law firm presence in Montenegro, primarily serving foreign clients seeking investment opportunities in the country. The firm's Montenegro office specializes in facilitating inbound investment flows and provides comprehensive legal services across multiple practice areas and industries.

The Government of Montenegro has announced new measures to support the economy for the second quarter of 2021, due to the crisis caused by the Covid-19 pandemic.

Montenegro is preparing to introduce its first comprehensive foreign direct investment screening regime, modelled on EU frameworks. The proposed mechanism would require prior authorisation for non-EU investments in strategically sensitive sectors, marking a significant shift from the country's current minimal investment control framework.

According to the latest World Bank 2018 annual ratings, Montenegro is ranked 50th among 190 economies in the ease of doing business ratings.

With just 650,000 inhabitants and total area of 13,812 km2 Montenegro is considered to be the smallest country in the Balkans. It is frequently said that it is actually a small country with a big Government-backed effort for multidirectional growth.

Μια μικρή μεσογειακή χώρα, ανάμεσα στα σύνορα των χωρών της πρώην Γιουγκοσλαβίας, βρίσκεται στο `