Limited Liability Company in Montenegro + Head Office in Podgornica + Business Address with International mail forwarding + VAT registration + Bank account in the bank of your choice: Societe Generale (France), Erste (Croatia), Crnogorska komercijalna banka (Hungary), Komercijalna banka (Serbia), NLB Montenegrobanka (Slovenia), Prva banka (Montenegro) ..., etc....Number
Administrators
Taxes on
companies
Capital
Released
States
Financial
2.250 €19%0 €Yes

Additional costs

Virtual Addressincluded
The head officeincluded
Online banks with IBAN in England, Belgium, Luxembourg or Lithuania500 €
Additional Bank Account in Montenegro600 €
Bank Account in Switzerland1.000 €
Offshore bank account1.000 €

 

company formation in montenegro

 

  • Banking secrecy: (Montenegro does not participate in exchange of information, it is not one of the OECD countries, no SRC.
  • Truly flexible banking system: accounts can be opened remotely, banks do not ask too many questions.
  • Montenegrin companies - It is an attractive instrument with profit tax at 9%, really very flexible attitude of banks, easy accounting and fast and efficient registration. It is a nice alternative for offshore companies or for clients who are killed by bank compliance all over the world.
  •      -Title of stay: very easy to obtain and you can become a tax resident also if necessary for a really attractive price.

The State of Montenegro is located in south-eastern Europe, on the Adriatic coast of the Balkan Peninsula.
Montenegro shares land borders with Croatia (to the west), Bosnia and Herzegovina (to the north-west), Serbia (to the north-east), the Republic of Kosovo (to the east) and Albania (to the south-east).
Montenegro became independent in 2006.
The administrative centre of the republic and its capital is Podgorica.
The Serbian language has the status of the state language. Local residents also understand English and Russian.
The national currency is the euro.

 

Why is it cost-effective to register or buy a business in Montenegro?

Main reasons.

  • Low crime rate.
  • Favourable investment policy. The only types of activities in which foreigners may not participate are the manufacture and sale of arms, as well as activity in border areas or national nature reserves.
  • Prospects for the development of the country and expansion of international relations.

 

The most popular types of businesses in Montenegro are as follows:

  • The hotel business (occupancy rate reaches 95 to 100% in summer);
  • The restaurant business (a large number of holidaymakers make this sphere extremely promising);
  • Business in the field of service provision (excursions, outdoor activities, car rentals, yachts and others).

Business registration in Montenegro is interesting not only from a commercial point of view. It is also the optimal way to legally obtain a residence permit in the country.

Due to the Law on the Attraction of Foreign Investment, the formation of a company in Montenegro now takes place under a simplified procedure.

 

If you are interested in setting up companies in Montenegro, contact our experts.

 

General Information

Total Area13.812 Km².
Population657,394 inh.
CapitalCetinje
Unemployment18,30%
Type of GovernmentRepublic
Time difference in Paris– 1
Area Code+382
Corruption Perception Indicator66th in the world
LocationSouth-eastern Europe, between the Adriatic Sea and Serbia
Climate, Maximum and Minimum TemperaturesMediterranean climate, dry, self-propelled summers and relatively cold winters with heavy snowfall inland; Avg. Maximum temperature (July) + 35°; Avg. Minimum temperature (January) -10°; Avg.
Ethnic GroupsMontenegrin 43%, Serb 32%, Bosnian 8%, Albanian 5%, other (Muslims, Croats, Roma (Gypsy)) 12%
National CurrencyEuro
Exchange against USD0,89
GDP per capita17,554 USD, 70th worldwide
Official LanguageSerbian and Albanian
Credit RatingBB
Judicial BodiesConstitutional Court; Supreme Court, Court of Appeal, Commercial Court, Supreme Court, General Courts; Administrative Court.
ExecutiveHead of government: Prime Minister. Ministry.
LegislativeUnicameral Assembly (81 seats)

Company Information

Authorized Pre-incorporated CompaniesNo
Legal SystemCivil Law
Local HeadquartersYes
Types of EntitiesPublic limited company (ad), limited liability company (doo), partnerships (general (od) and limited (kd)), contractor, branch office
SuffixDOO
Local Registered AgentNo

Shares & Capital

Reference CurrencyEuro
Minimum authorized share capital1 Euro
Minimum paid-up share capital1 Euro
Minimum issued share capital1 Euro
Authorized Bearer SharesNo
Terms of payment of the Issued CapitalTo the constitution
Standard authorised capital1 Euro
Time limits for the payment of the Authorized CapitalTo the constitution
Standard Value of the Nominal Shares1 Euro
Shares without par value allowedNo

Taxation

VATYes
Minimum corporate tax rate9%
Taxes on Capital GainsNo
Withholding taxNo
Foreign Exchange ControlNo
Personal Income Taxes9%
Stamp DutyNo

Directors & Secretaries

Minimum number of Directors1
Residency Requirement for DirectorsNo
Companies as Authorized DirectorNo
Public DisclosureYes
Meetings / frequency / location of administrationIf / every year / anywhere
Corporate Secretary requiredNo
Residency requirement for the Secretary No
Qualified secretary required No
Companies as Authorized Secretary No

Shareholders & Beneficiaries

Minimum number of shareholders1
Public DisclosureYes
Residency requirementNo
Disclosure of BeneficiariesNo
Meetings / frequency / locationIf / every year / anywhere

Financial Reports

Obligation to file accountsYes
Publicly accessible accountsNo
Audit requiredNo
Obligation to file the annual declarationNo
Publicly Available Public Accountability Statements –
Obligation to prepare accountsYes
Treaties on Non-Double Taxation36
Member of the OECDNo

Prices include all business and official taxes. If official function rates or exchange rates are changed, prices may vary.
Prices include all legal and official fees. Our prices may change during the registration process only in case of changes in official taxes or exchange rates.