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The MFIC is  organised in the following manner:

  1. Assembly
  2. President
  3. Board of Directors
  4. Executive Director
  5. Committees

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.

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S T A T U T E
Montenegrin Foreign Investors’ Council Association


PART I – GENERAL PROVISIONS

Article 1
Founders

The Council was established as a non-governmental and non-profit organisation.
The founders of the Council are:

  1. Crnogorski Telekom A.D. with its central office at Moskovska 29, Podgorica;
  2. NLB Montenegro Banka A.D., with its central office at Stanka Dragojevića 46, Podgorica;
  3. Montenegro Stars Hotel Group d.o.o., with its central office at Hotel “Splendid”, Budva;
  4. KAP A.D., with its central office at Dajbabe b.b., Podgorica; and
  5. Daido Metal A.D., with its central office at Industrijska zona b.b., Kotor.


PART II - NAME, HEAD OFFICE AND SYMBOLS OF THE COUNCIL

Article 2
Name and Head Office of the Council and the manner of accomplishing the publicity of work

The name of the NGO is: Montenegrin Foreign Investors’ Council Association
The short name of the NGO is: Montenegrin Foreign Investors’ Council
The abbreviated name of the NGO is: MFIC
The name of the NGO in English is: Montenegrin Foreign Investors’ Council
The central office of the Council is at: Novaka Miloseva 29/II, Podgorica.
The Council is established for an indefinite period of time.
The Council operates on the territory of Montenegro.
The Council shall be entered into the register of the competent authority and enjoys the attributes of a legal entity.
The work of the Council is public.
The Council is obliged to regularly inform its members and the public on significant decisions, positions and conclusions adopted at meetings of the Council's bodies.
Notification is carried out by giving verbal and written information, organising press conferences and on the website of the Council.
Statements to the public shall be given by the President in compliance with his responsibilities, while other persons on behalf of the Council may give statements to the public upon obtaining prior approval from the President.

Article 3
Seal and stamp

The Council has its seal and stamp.
The Council’s seal is round-shaped, the diameter of which amounts to 33mm, and in the interior circumference of which there is the following text in the middle: “Montenegrin Foreign Investors’ Council”, while in the interior edge of the circumference there is the following text: “Non-Governmental Association; Podgorica; Montenegro”.
The Council’s stamp is rectangular, the dimensions of which are 30×70mm and which contains text identical to the text written on the seal, with the space for the date and a number.

Article 4
Mark

The Council has its mark.
The Council’s mark shall be established by the Decision of the Board of Directors.


PART III - GOALS AND ACTIVITIES OF THE COUNCIL

Article 5
Goals of the Council

The Council is established as an NGO to fulfil the following goals:

  • Improve the investment climate and support business development in Montenegro;
  • Represent and express the opinion of its members for the purpose of promoting common interests and stimulating direct foreign investment;
  • Promote communication, cooperation and current dialogue between the Council and the official authorities in Montenegro;
  • Cooperate 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;
  • Promote the interests of the international business community in Montenegro;
  • Inform its members and other stakeholders on possibilities regarding the investment climate in Montenegro; and
  • Connect with other foreign organisations of investors within the SEE region for the purpose of: sharing the benefits and experiences of worldwide best practice and analysing concrete tools in order to facilitate regional business activities.

Article 6
Activities of the Council

In order to fulfil the aforementioned goals the Council shall engage in the following activities:

  1. Introduce its members to business and other information that may be useful for their business;
  2. Participate in consultations organised by the state authorities and other NGOs on legal or other projects and regulations related to the Council’s aims and activities, especially regarding preparation of comments, proposals and suggestions on proposed amendments to laws in the public consultative process;
  3. Participate in the work of task forces established for the purpose of analysing issues of common interest for the Government of Montenegro and the civil sector, or for the purpose of normative regulation of certain issues;
  4. Participate in public debates, round tables, seminars and other forms of joint activities organised by the state authorities;
  5. Keep a register of the members of the Council and issue an extract from the register including the data on all the members of the Council to its stakeholders;
  6. Organise meetings, symposiums, seminars, courses, etc.;
  7. Organise the publishing, printing and distribution of any magazine, book or brochure evaluated by the Council as necessary for the fulfillment of the goals prescribed by the Statute;
  8. Cooperate with related Montenegrin and/or international NGOs according to its Statute and its programme goals; and
  9. Participate in alliances and other related Councils of NGOs in the country and abroad.

For the purpose of fulfillment of the defined goals the Council may also take over other obligations according to all applicable laws, this Statute and the Decision of the Council’s Assembly.
Property generated from membership fees, charitable contributions or through other legal means may be used solely for fulfilment of the Council’s goals.


PART IV – COUNCIL MEMBERSHIP

Article 7
Membership

Membership of the Council is open to entities that share the goals of the Council and are willing to participate in its activities.
The Council has full, associate and honorary members.

Article 8
Full members

A full member of the Council may be any legal entity established and doing business according to Montenegrin laws, in which one or more foreign legal entities with their central office abroad or other foreign investors according to the Law have their own shares.
All full members of the Council have voting rights in the Council’s Assembly.

Article 9
Associate members

Each legal entity that does not fulfil the conditions prescribed for full members, but is a Montenegrin resident, is involved in international trade in goods and services and accepts the goals of the Council may be accepted as an associate member of the Council.
Associate members do not have voting rights in the Assembly. An associate member has the right to participate in discussions, give suggestions and propose topics for discussion.

Article 10
Honorary members

Individuals publicly recognised as businessmen, diplomats, politicians or scientists in Montenegro or other countries, who may contribute and who accept the goals of the Council, may be chosen to be honorary members of the Council.

Article 11
Becoming a member

The Board of Directors adopts decisions about membership status by a majority vote and informs the Assembly at the next meeting.
A candidate for membership shall submit a written application to the Board of Directors, by which he/she confirms that he/she accepts the Statute and the other founding acts of the Council, as well as his/her willingness to obtain the membership status of a certain category.
The request for obtaining member status may be accompanied by recommendations given by at least two of the full members of the Council.
The Board of Directors shall consider the request for membership and make a decision at the next session. The Board of Directors may postpone adoption of the decision in order to request additional clarifications. The Board of Directors’ decision is irrevocable regardless of whether it accepts or rejects the request for obtaining member status.
An honorary member may be invited to become a member of the Council at the Board of Directors’ invitation. The invited candidate for honorary member does not have to submit a written request. Written acceptance of the Board of Directors' invitation shall be enough for appointment of the invited candidate as an honorary member of the Council.

Article 12
Rights of the members

Full members have the right to:

  1. Vote in the Assembly of the Council;
  2. Elect and be elected in the other bodies of the Council;
  3. Be informed of the Council’s activities and financial reports; and
  4. Have other rights according to the Statute and decisions of the Assembly.

Article 13
Obligations of the members

Members of the Council shall be obliged to:

  1. Pay the membership fee established by the decision of the Assembly;
  2. Pay additional or special fees approved by the Assembly or voluntarily accepted by it; and
  3. Protect the reputation of the Council and act according to Montenegrin laws.

Article 14
Losing member status

A member of the Council violating the Statute or other related decisions of the Assembly and the Board of Directors may lose member status based on the decision of the Assembly.
The President of the Assembly shall inform the member proposed for deprivation of member status at the latest seven days in advance regarding the reasons for such a proposal. A proposed member does not have the right to vote during the session of the Assembly specially convened for this occasion. The other members vote secretly.
The decision on losing member status may be revoked by a majority of the votes of the full members. The Assembly may revoke this decision, setting certain conditions for the relevant member, depending on the particular circumstances and given situation.
The member who loses his/her member status of the Council remains obliged to fulfil all obligations regarding the membership fee for the current year according to the Statute.

Article 15
Reasons for losing member status

Members of the Council may lose their member status due to violation of the Statute or conduct that endangers the reputation of the Council.
A member of the Council may lose member status if he/she:

  1. Does not pay the membership fee within 60 days of the maturing of these obligations;
  2. Fails to fulfil other significant obligations taken over voluntarily or defined by the decision of the Assembly and the Board of Directors, thereby damaging the reputation of the Council or disabling the performance of the Council’s activities;
  3. Is discredited by his/her business activity;
  4. Publishes untrue information discrediting the Council or information indicated by the Council as confidential; or
  5. Undertakes other activities that may be treated as an unprofessional act or conduct.

Article 16
Members’ representatives in the Council

Members are represented in the Assembly of the Council by their authorised representatives.
If a member of the Council wants to replace a representative in the Assembly, he/she should inform the Assembly in written form 24 hours prior to beginning of the Assembly’s session at the latest. The Assembly shall approve an accurate and timely request; otherwise the representative shall lose his/her voting right for that meeting.
The Council shall maintain the list of authorised representatives of the members of the Council with voting rights.

Article 17
Addition to and deletion from the registry of members of the Council

The Council shall keep a registry of members. The registry is publicly available. The stakeholders have the right of access to information from the Registry according to the rules adopted by the Board of Directors.
Members of the Council are obliged to provide information for the purpose of updating the registry and to update the status, name, head office, address, activity code or other publicly available information requested by the Board of Directors. The members are obliged to present the necessary official documents related to the registration thereof.
Members may ask for the cessation of the validity of their membership in the Council by submitting a written resignation. The membership fees and other obligations for the current year must be covered.


PART V - ADMINISTRATION

Article 18
Bodies of the Council

The bodies of the Council shall be the Assembly, Board of Directors, President, Executive Director and Secretary.
Permanent specialised working committees and ad-hoc specialised working committees may be established by the decision of the Board of Directors.
The operations of the specialised working committees and ad-hoc specialised working committees shall be regulated by the Rulebooks on the work of the committees that are adopted by the Board of Directors.

A. ASSEMBLY OF THE COUNCIL

Article 19
Composition of the Assembly of the Council

The Assembly of the Council consists of all full members of the Council.
Honorary members may also be invited to participate in discussions on the topics on the Assembly’s agenda.
At the decision of the President of the Assembly, if the circumstances so require, the Assembly may be convened without the associated members.

Article 20
Scope of work of the Assembly

The Assembly has the right to:

  1. Adopt the Statute of the Council;
  2. Approve annual reports on the activities of the Council;
  3. Adopt the annual budget of the Council;
  4. Define general directions, approve long-term and short-term plans, programmes and specific goals of the Council;
  5. Establish and periodically modify the membership fees paid by full and associated members;
  6. Decide on integration, separation or transformation of the Council, as well as on the other changes of the Council’s status;
  7. Elect and dismiss members of the Board of Directors;
  8. Elect and dismiss the President of the Board of Directors;
  9. Adopt decisions in the field of material and financial operations;
  10. Adopt the Rules of Procedure of the Assembly; and
  11. Decide on other issues according to the Law and Statute.

Decisions of the Assembly related to paragraphs 1 and 6 of this article shall be deemed valid if approved by a two-thirds majority of the full members present, while the decisions adopted on other issues shall be deemed valid if approved by a simple majority of the full members present.

Article 21
Convening the Assembly

Regular Assembly session

A regular Assembly session is convened at least once within a year.
The regular Assembly session is convened at the request of the Board of Directors, or of a minimum of three full members of the Council, or of the President of the Assembly.
The Secretary of the Assembly prepares the documentation for the Assembly session on the orders of the President of the Assembly.
The President of the Assembly convenes the Assembly session.
The Assembly session is convened by written invitation, telegram, fax or e-mail sent to each member at least 14 calendar days prior to the scheduled date of the session.
The date, time and venue of the session, as well as the agenda, shall be indicated in the invitation and the written material for the session, if prepared, attached.
The Assembly shall not adopt decisions on issues not included in the agenda.

Article 22
Extraordinary session

An extraordinary session of the Assembly shall be any session, except the regular annual session.
An extraordinary session is convened at the request of the Board of Directors, or of a minimum of three full members of the Council, or of the President of the Assembly.
An extraordinary session of the Assembly may be convened by the President of the Assembly in the form of a written invitation sent at least 48 hours in advance, provided that all the full members are informed.

Article 23
Quorum

The Assembly of the Council may adopt decisions if at least a half of the full members of the Council are present.
If the quorum is not met at the scheduled time of the meeting, the session shall be postponed for an hour. If the quorum would not be met not even within an additional hour, a repeat session of the Assembly, with the same agenda, is convened according to the Statute, while the repeat Assembly session would not require at least a half, but a third of the full members of the Council to be present.

Article 24
President of the Assembly

The President organises the work programme of the Assembly and is responsible for the legality of its proceedings.
The President of the Assembly is, at the same time, the President of the Council, as well as the President of the Board of Directors.
The President is elected to a one-year mandate.
The same person may be re-elected President.
A person with a university degree, who is a publicly recognised business person with a minimum of five years of experience, may be appointed as President.
The President shall:

  1. Enter into agreements and undertake other legal actions on behalf of and for the Council;
  2. Ensure the legality of the Council's operations;
  3. Reconcile the work of the Council's bodies and execute their decisions;
  4. Carry out the activities of the Council in accordance with the decisions of the Council Assembly unless stipulated otherwise by the Statute; and
  5. Perform other activities in accordance with the Law and the Statute.

The function of the President shall expire upon:

  1. Tending a resignation;
  2. The expiry of the mandate if there was no re-election;
  3. A recall at the decision of the Assembly before the expiry of the mandate; or
  4. In other cases in accordance with the Law and this Statute.

B. BOARD OF DIRECTORS

Article 25
Board of Directors

The Board of Directors is the management body of the Council.
The Board of Directors shall have five (5) members.
A member of the Board of Directors shall be appointed among the representatives of the full members.
The quorum for operation and decision making consists of three (3) members of the Board of Directors.

Article 26
Appointment of the President of the Board of Directors

The Board of Directors shall have a President.
The President of the Board of Directors is appointed for a one-year period and the same person may be re-elected as President.
The President of the Board of Directors shall also act as the President of the Assembly.

Article 27
Appointment of Members of the Board of Directors

Every member of the Board of Directors is elected individually with a majority vote by the members of the Assembly present.
The proposal for election of the President and members of the Board of Directors, by the Council’s members, shall include the first and last name of the proposed persons, a brief explanation, the CVs and signatures of all the proposed members.
The proposal for election of the President and members of the Board of Directors shall be submitted to the Secretary of the Council 14 working days before a regular Assembly.
The Secretary must send the proposal to all members of the Council at the latest seven (7) days prior to the date of the session of the Assembly of the Council.
In case of multiple proposals for election of the President and members of the Board of Directors, the candidates who receive the highest number of votes will be elected.
In the case of a tie, vote of the President of the Assembly shall cast the deciding vote.

Article 28
Term of office

The term of office of the members of the Board of Directors is one year. A person who has been a member of the Board of Directors can be re-elected.

Article 29
Termination of the membership of the Board of Directors

Membership of the Board of Directors shall terminate:

  • Upon the tending of a resignation;
  • Upon expiration of the term of office if there has been no re-election;
  • By dismissal, at the decision of the Assembly, before the expiration of the term of office; or
  • Under other circumstances foreseen by the Law.

Article 30
Meetings of the Board of Directors

A meeting of the Board of Directors shall be convened bi-monthly. Meetings of the Board of Directors are convened by the President via post, email, fax or telephone, no later than eight (8) days prior to the date of the scheduled meeting.
An extraordinary meeting of the Board of Directors may be convened at the request of one member of the Board of Directors, submitted via post, e-mail, fax, or telephone, at least five (5) days prior to the date of the scheduled meeting.
Meetings of the Board of Directors may also be held by using conference telephone calls or other audio-visual communication equipment, provided that all the individuals participating at the meeting are able to hear and talk to each other. Individuals participating in a meeting of the Board of Directors in this manner are considered as being in attendance.

Article 31
Scope of activities of the Board of Directors

The Board of Directors administers and manages the activities of the Council in accordance with its goals.
The Board of Directors:

  1. Adopts the organisational rules and the Rules of Procedure for its activities;
  2. Adopts Rulebooks on the operations of internal working committees;
  3. Appoints and removes from office the Executive Director;
  4. Appoints and removes from office the Secretary;
  5. Ensures compliance of the work of the Council with the Statute and the implementation of decisions;
  6. Manages the current affairs of the Council, adopts programmes, development plans and special tasks, as well as decides on the organisation and participation of the Council in important public events, cooperation with other organisations and institutions, in accordance with the Council's goals;
  7. Manages the assets of the Council;
  8. Adopts the draft annual budget of the Council and submits the report on its implementation to the Assembly of the Council, submitting proposals for partial changes and amendments to the budget, including the introduction of new expenditure items if additional funding sources are acquired following the adoption of the budget;
  9. Adopts and submits the annual report on the Council's activities to the Assembly of the Council for discussion and final adoption;
  10. Proposes the amounts and amendments to admission and membership fees, adopts decisions on establishing funds and decides how funds will be raised and spent;
  11. According to needs, hires an independent auditing company for the purpose of evaluation of the Council’s financial activities;
  12. Adopts decisions on the use of the assets of the Council in order to protect and increase these assets;
  13. Approves the prices of services, publications and information provided by the Council; and
  14. Adopts decisions on other matters envisaged in accordance with this Statute.

Article 32
Secretary

The Secretary is elected and appointed by the Board of Directors.
The Secretary of the Council shall be responsible for the following:

  1. Preparation of the Assembly’s and Board of Directors' sessions;
  2. Carrying out technical tasks;
  3. Assisting the President of the Board of Directors in the execution of the Council’s decisions;
  4. Informing the competent state agency of the entering into the Council’s registry of each change to the data  in the registry, within 30 days of the day when the change occurred.

The Secretary of the Council does not have a limited term of office.

Article 33
Minutes

The Secretary of the Council takes minutes from the session of the Assembly and Board of Directors, whereby the statements, declarations, opinions, voting results and decisions adopted shall be recorded. The minutes shall be signed by the President and Secretary of the Council.
The minutes shall be chronologically banded in the record book. The records shall be kept for at least five years. After expiration of that period the records shall be destroyed only at the decision of the Assembly.
Full members of the Council have the right of free access to the minutes. They may ask for copies and sections from the records at his/her own expense.

Article 34
Executive Director

The Executive Director shall be responsible for the organisation of the daily activities of the Council, its bodies, working committees and documentation.
The Executive Director shall be appointed and removed from office by the Board of Directors.
The employment relationship shall be regulated under the Employment Contract, and it may be terminated as defined under the Employment Contract, the Labour Law, the General Collective Agreement and the internal acts of the Employer.
The main duties and responsibilities of the Executive Director shall include:

  1. Implementation of the existing strategies and policies of the Council and assistance to the Board of Directors in creating and implementing new strategies and long-term plans;
  2. Coordination, control and execution of all the activities of the Council, including the operations of the working committees, work on the preparation of the White Book and the organisation of conferences and round tables;
  3. Maintenance of contact with all the relevant stakeholders; and
  4. Management of all the administrative functions of the Council, including contract compliance, preparation and monitoring of the annual budget, keeping of minutes and website maintenance.

Article 35
Representing the Council

The Council shall be individually represented by the President.
The President may authorise the Executive Director to represent the Council.

Article 36
Financing

The Council shall be financed by the acquiring and disposing of its property according to the Law and Statute.
Funds are acquired from the membership fee, donations, charitable contributions, gifts, financial subsidies and through other legitimate means.
The Council’s funds are used for fulfilment of the goals referred to in Article 5 of the Statute, according to its work programme.
The Council shall be independent in the acquisition and allocation of financial resources according to the Law and this Statute.

Article 37
Payments to the Council

All members of the Council shall pay the annual membership fee. They shall pay additional fees only according to a special decision of the Assembly.
The annual membership fee is defined by a special decision, and amendments and supplements thereto shall be carried out according to the decision of the Assembly.
The members of the Council shall pay the annual membership fee at the latest by 31 January in the year the membership fee was intended for.
New members shall pay the membership fee for the year of admission proportionate to the period left of a year of admission (if admission happened before 30 June of the current year, the membership fee shall amount to 50% of the annual fee).

Article 38
Accounting

The Council shall keep accounts according to the Law. The accounting documentation shall be kept in the manner and at the place determined by the Board of Directors as appropriate and shall be available to the full members of the Council for examination, as well as to authorised auditors, especially the following documentation related to financial activities:

  1. All cash funds received or spent by the Council, as well as all income and expenditure transactions;
  2. All sales and purchases made by the Council;
  3. The Council’s assets and liabilities; and
  4. Funds allocated by the Council for financing management functions.

Article 39
Financial reports

The President of the Board of Directors shall present precise annual reports on the accounts at each regular annual session of the Assembly, which shall include the balance sheet and reports on income and expenditures from the last of the previous reports.
Financial reports shall be accompanied by decisions of the Assembly according to the law.
Financial reports shall be sent to all the full members of the Council 14 calendar days prior to the regular annual Assembly session, at the latest.

Article 40
Reimbursement

The authorised representatives in the Assembly of the Council, the President and the Secretary of the Assembly are not entitled to reimbursement for their work in the Council.
The Executive Director shall be reimbursed in accordance with the Employment Contract, which shall be concluded between the Executive Director and the Council, which is represented by the President.


PART VI - STATUS CHANGES AND CESSATION OF THE COUNCIL

Article 41
Status changes

The Council may be merged with another association, transformed into another association or foundation, or cease to operate.
The decisions referred to in paragraph 1 of this article shall be adopted by the Assembly at the proposal of the President of the Assembly, or of at least three full members. The decisions are valid and binding if adopted by at least a two-thirds majority of the full members.

Article 42
Cessation of the Council

The Council may cease to operate according to the Law or based on the decision of the Assembly.
If any property is left over after cessation of the Council and after compensation is given to all creditors, it shall not be distributed among the members either in its basic form or in the form of compensation. Such property shall be handed over to Councils sharing similar goals or to humanitarian organisations, according to the decision of the Council’s Board of Directors.

Article 43
Other provisions

Adoption of a new Statute or amendments thereto shall be decided on by the Assembly of the Council at the proposal of the President of the Assembly and of three full members.
Other general acts of the Council must be harmonised with the Statute thereof.
Amendments and supplements to the Statute shall enter into force on the day of their entering into the registry of the competent state authority.

Article 44
Entering into force

This Statute shall enter into force on the eighth day after its adoption and publishing.

 


President of the Assembly
Miroslav Hiršl

 

MFIC Statute Eng
MFIC Statute Mne

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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, informing its members and other stakeholders on possibilities regarding the investment climate in Montenegro; and
  • Connecting with other foreign organisations of investors within the SEE region for the purpose of: a) sharing the benefits and experiences of worldwide best practice; and b) 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 various industries – banking and financial services, telecommunication, 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.