Aleksandar BOGDANOVIĆ Mayor of the Old Royal Capital Cetinje, MONTENEGRO

1. Cetinje, MONTENEGRO ---------------- Your investment destination! Aleksandar BOGDANOVIĆMayor of the Old Royal Capital Cetinje, MONTENEGRO www.cetinje.me Cetinje – Business Friendly Environment!

2. Old Royal Capital Cetinje

3. Old Royal Capital Cetinje Cultural, historical and spiritual Center vs Modern, urban and dinamic bussiness center

4. Old Royal Capital Cetinje Cetinje - MONTENEGROPackage of incentives for investors Key indicators of Package: A Favourable fiscal framework • Easily accessible locations for positioning a business • Efficient and partner-friendly local administration “The process of economic transition and the impact of the global financial crisis have conditioned new trends in local community development. Investments have become a dominant generator of economic growth and development, thus creating a need for new policies which would follow actual trends and market requirements.”

5. C E T I N J E PACKAGE OD INCENTIVES FOR INVESTORS Efficient and partner-friendly local administration Implemented activities: “One stop shop” service for investors Liaison officer for investors of special importance “The communication therewith will be vested in a liaison officer - a member of the Mayor's Office Staff, who will be available to the investor 24 hours a day, for each and any possible advice or other kind of assistance.”

6. C E T I N J E PACKAGE OD INCENTIVES FOR INVESTORS Easily accessible locations for positioning a business Established two business zone: Business zone for Greenfield investment – on almost 40 hectares in the industrial and service zone of Cetinje Business zone for Brownfield investment – situated in very town at almost 140.000 square meters “All the research we have done during the process of developing our package of incentives identified that one of the key requirements and needs of investors is their need for an easily accessible location and its being supplied with an adequate public infrastructure.”

7. C E T I N J E PACKAGE OD INCENTIVES FOR INVESTORS Competitive fiscal policy THUS, DEPENDING ON THE LOCATION OF AN INVESTMENT AND ITS IMPACT ON THE NUMBER OF NEW JOBS FOR THE LOCAL POPULATION, WE OFFER TO INVESTORS ON THE TERRITORY OF THE OLD ROYAL CAPITA CATINJE NUMEROUS INCENTIVES: Fee for equipping the construction land with utilities 0€ Property tax for up to three years of operations 0€ Income tax for new start-up companies 0€ ror the first eight years of operations, Employee's contributions for compulsory social security 0€ “All of the abovementioned certainly position the Old Royal Capital Cetinje as a reliable and credible partner, which I am confident will give the appropriate results”

8. C E T I N J E PACKAGE OD INCENTIVES FOR INVESTORS EXAMPEL: Factory for manufactoring solar panels KEY INFORMATION OF INVESTMENT: • Value of investment in first 5 years 17 milioneuros • Produstioncapasities – 100 till 500 MWp • Revenues – from 15 till 186 million Euros in first five years • EBIT – from 0.6 till 10 milion Euros INCETIVES FOR THIS INVESTMENT More than 5 milion Euros More than 16.500 Euros per employee

9. C E T I N J E Thank you for your attention! E: gradonacelnik@cetinje.me T: +382 41 231 755 www.cetinje.me