History and Mission

The Montenegrin Foreign Investors’ Council - the MFIC - an association of the leading foreign investors in the country, was established in 2009 by the following companies :

  1. Crnogorski Telekom A.D.,
  2. NLB Montenegro Banka A.D.,
  3. Montenegro Stars Hotel Group d.o.o.,
  4. KAP A.D. and
  5. Daido Metal A.D.

The Council was established as a non-governmental and non-profit organisation aimed at the following:

  • Improving the investment climate and supporting business development in Montenegro;
  • Representing and expressing the opinion of its members for the purpose of promoting common interests and stimulating direct foreign investment;
  • Promoting communication, cooperation and current dialogue between the Council and the official authorities in Montenegro;
  • Cooperating with the official authorities in Montenegro for the purpose of overcoming possible problems and obstacles that foreign investors may face, as well as in economic relations with other countries;
  • Promoting the interests of the international business community in Montenegro, and informing its members and other stakeholders on possibilities regarding the investment climate in Montenegro;
  • Connecting with the other foreign organisations of investors within the SEE region for the purpose of:
    1. sharing the benefits and experiences of worldwide best practice; and
    2. analysing concrete tools in order to facilitate regional business activities.

The Council's key document is the White Book, an annual publication informing the general public and all stakeholders about the business environment and the obstacles to doing business experienced by foreign investors in Montenegro and, more importantly, providing recommendations for removing the identified barriers, aimed at increasing the attractiveness and competitiveness of the Montenegrin economy.

The Council gathers together representatives of numerous and varied industries – banking and financial services, telecommunications, metallurgy and mining, energy, tourism and catering, the consumer goods sector, manufacturing, transportation and auditing. The Council's membership base is constantly expanding from one meeting to the next.

The main bodies of the Council are the Assembly, the Board of Directors and the President. The Council's meetings are usually held monthly, while consultations at the BoD level are held on a constant basis. Since December 2016, the Council has had an Executive Director.