Montenegro: The New Investment Hotspot for Turks (Karadağ)

Montenegro: The New Investment Hotspot for Turks (Karadağ)-News

Introduction:

Move over, traditional European hotspots! Montenegro, also known as Karadağ in Turkish, is emerging as a new favorite destination for Turkish citizens. This Balkan gem is witnessing a surge in Turkish interest, not just for tourism, but also for property purchases and business ventures. Let’s delve into the reasons behind this exciting trend.

Investment Boom:

Real Estate: News reports indicate a significant rise in Turkish property purchases in Montenegro. Data from Total Montenegro News highlights a six-fold increase in companies founded by Turkish citizens in 2017 compared to 2015. This suggests a growing interest in owning a piece of Montenegrin paradise.
Business Opportunities: The Montenegrin Ministry of Education reports a substantial increase in requests for diploma certification from Turkish citizens in recent months. This signifies a potential influx of Turkish entrepreneurs seeking to establish businesses in Montenegro (en.vijesti.me).

Behind the Rise, Montenegro: The New Investment Hotspot for Turks (Karadağ):

Favorable Conditions: Visa-free travel for Turkish citizens and geographical proximity with direct flights from major Turkish cities make Montenegro an easily accessible option.
Economical Appeal: Compared to other European destinations, Montenegro boasts a lower cost of living and a growing economy, making it attractive for business ventures and property investments.
Cultural Connection: Historical ties and a shared emphasis on hospitality create a welcoming environment for Turkish visitors and residents.

Tourism Still Thriving:

While the focus here is on investment and business, tourism remains a significant factor. Although specific numbers are difficult to pinpoint, news outlets like DW highlight an increasing number of Turkish tourists drawn to Montenegro’s breathtaking scenery and cultural experiences.