During the last decade, the food manufacturing sector has witnessed a constant growth. The agricultural sector contributed by 10% of value added to GDP and employed 6.5% of the total labor force. An increase of the domestic consumption of fruit and wine is expected within the next five years.
If you want to invest in Montenegro, the food manufacturing sector has substantial market potential.
Irrespective of the type of business an investor interested in manufacturing food products chooses, our company formation agents in Montenegro can register the company with the relevant administrative and tax authorities and ensure its legal activity within the market.
If you want to manufacture food products in Montenegro, you need to be familiarized with the food sector features. The food, beverages and tobacco industry is the second largest manufacturing sector in Montenegro. During the last years, the production of meat and sausages has constantly increased, while a decline was recorded for food products like pasteurized milk, beer, fruit juices and non-alcoholic beverages. The number of Montenegrin companies established in the food sector in Montenegro has continued to grow during the last years. The agriculture in Montenegro is quite diversified with olive and citrus plantations on the coast area and vegetables and tobacco productions in the center of the country.
Other important industries in the Montenegrin food sector are represented by meat preservation, bakery, dairy and fruit and vegetables processing and the production of wine and mineral water. The Montenegrin authorities have passed a significant number of laws promoting foreign direct investments in the country`s economy, including the food sector. Foreign investors enjoy the same legal status and rights and obligations as local investors and are encouraged to establish a company for manufacturing food products in Montenegro.
Our company registration agents in Montenegro can give you further details about the incentives offered by the local authorities to foreign investors.
The Food Safety Law provides the legal framework for all activities related to manufacturing food products in Montenegro. This law regulates the following aspects:
• The production and circulation of safe food;
• The requirements to be applied in all stages of production and circulation of food;
• The types of food products produced within the sector – food of animal origin, food of plant origin, composite food containing both animal origin and plant origin and other food;
• The hygiene rules accompanying the manufacturing of food products;
• The process of labeling additives, food enzymes, flavorings and supplements.
Montenegrin companies operating in the food industry have to undergo a strict process of certification and quality control. The National Council for Food Safety Assessment is the main institution to address issues related to manufacturing food products in Montenegro.
If you want to open a company in the food manufacturing sector in the country, don`t hesitate to contact our company registration representatives in Montenegro.
Vladimir Radonjic is an attorney and a managing partner at Radonjic/Associates. He can help clients open companies in Montenegro.
Call us now at +382 20 620 312 to set up an appointment with our company formation agents in Podgorica, Montenegro. Alternatively you can incorporate your company without traveling to Montenegro.
As our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Montenegro.Contact us