Nestled between the blue-watered Adriatic Sea and the towering Dinaric Alps, Montenegro has skilled a 124% enhance within the variety of millionaires inside its borders during the last decade, in keeping with the Henley Non-public Wealth Migration Report 2025. In truth, it’s now the world’s fastest-growing millionaire hub.
Its Prime Minister, Milojko Spajić says the shift isn’t only a completely satisfied accident—or all the way down to the nice climate. “We’re very eager to carry the neatest and brightest of the world to Montenegro,” the 37-year-old chief mentioned on stage at Fortune’s International Discussion board in Riyadh, including that low taxes are to thank for the inflow in ultra-wealthy residents.
“Our tax coverage may be very easy. We predict the folks that tie their investing into Montenegro, be it traders, workers, staff, managers—whoever is invested into Montenegro’s success—we give them tax advantages.”
Montenegro boasts one of many lowest private earnings tax and company earnings tax charges in Europe, with charges starting from 9 to fifteen%. Residents can count on to pay nothing as much as €700, 9% tax on their earnings between €701 and €1,000, and simply 15% on the portion of their gross month-to-month wage exceeding €1,000. (One euro is value $1.16.) By comparability, Switzerland’s high private earnings tax charge can attain round 40%.
And in keeping with Spajić, the nation’s company earnings tax will quickly be the bottom in Europe.
“And now we have by far the bottom labor tax wedge in Europe,” the chief added. “And the reason being, once more, as a result of individuals who come to Montenegro, to tie their future to Montenegro, we wish them to really feel benefited.”
With low taxes doing the heavy lifting, Spajić pitched a financial edge to Montenegro too: The nation’s foreign money is linked to gold.
“One other factor that’s in all probability attention-grabbing for traders is that we reside in a quasi gold normal. For us, euro is gold; to amass euros, we have to promote our property, companies or items. So we have to give one thing actual in return for euros, which makes the pricing of Montenegro property truthful and never inflated by QE’s of the previous.
“So one of many the explanation why Montenegro is an efficient funding alternative is as a result of we’re fairly priced,” he concluded.
Extremely-wealthy migration: The world’s fastest-growing millionaire hubs
- Montenegro, 124% enhance in millionaires between 2014 and 2024
- UAE, 98% enhance
- Malta, 87% enhance
- Poland, 82% enhance
- USA, 78% enhance
Millionaires are packing their baggage in droves in hopes of discovering safer locations for his or her cash as the worldwide financial system is riddled by ongoing armed battle and commerce wars. It’s being dubbed the ‘nice wealth migration.’
An estimated 142,000 millionaires uprooted themselves in 2025, however subsequent 12 months is anticipated to carry a fair higher variety of millionaires on the transfer—about 165,000 are anticipated emigrate in 2026, in keeping with the Henley Non-public Wealth Migration Report. And whereas its inhabitants of two,800 millionaires continues to be dwarfed by many different nations, Montenegro is seeing an unprecedented surge inside its borders.
“Montenegro’s low-tax regime, with flat earnings taxes and no inheritance or present tax, has made it significantly engaging for wealth preservation,” Henley & Companions’ group head of personal purchasers Dominic Volek beforehand advised Fortune.
“Paired with its Adriatic shoreline, luxurious actual property choices, and interesting Mediterranean way of life, the nation has grow to be a vacation spot of selection for lifestyle-motivated traders.”
A person turns into a tax resident of Montenegro in the event that they spend greater than 183 days within the nation.
Meet the prime minister behind Montenegro’s latest success
Identical to the nation he runs, Montenegro’s prime minister is his personal success story: He is among the world’s youngest leaders.
Earlier than coming into politics, Spajić had a profession in finance. He labored as a credit score analyst for Goldman Sachs and later grew to become a companion at a enterprise capital fund in Singapore. His political profession started when he was appointed because the Minister of Finance and Social Welfare within the authorities of Montenegro from 2020 to 2022. In July 2023, he was elected to the Montenegrin Parliament and subsequently appointed as Prime Minister in October 2023.
As of 2025, he’s the fourth-youngest serving state chief on this planet, after Ibrahim Traoré of Burkina Faso, Daniel Noboa of Ecuador, and Kristrún Frostadóttir of Iceland.
