Our company formation experts in Montenegro can help you open any of the company types available in the country.
| Quick Facts | |
|---|---|
| What are the types of companies available for registration in Montenegro? | – sole proprietorship, – general partnership, – limited partnership, – private limited liability company, – joint stock company |
Business forms available for foreign companies | – subsidiary, – branch, – liaison/representative office |
Most popular business form among foreign investors | Private limited liability company (DOO) |
| What are the company formation steps in Montenegro? | – document drafting, – paperwork filing, – bank account set up, – tax registration, – VAT registration |
| Documents | – Memorandum and Articles of Association, – ID/passport for shareholders, – decision for the appointment of directors, – proof of registered address |
| How long does it take to register a company in Montenegro? | Approx. 7 days |
| Online registration availability (YES/NO) | Yes, through our Montenegrin agents |
| Trade Register incorporation fee | EUR 22 |
| Our company registration fee | Starting at EUR 1,000 |
| Virtual office cost | Starting at EUR 75/month |
| Accounting fee | Starting at EUR 130 per month |
| Minimum number of shareholders | 1 |
| Minimum number of directors | 1 |
| Resident director required | No |
| Full foreign availability (YES/NO) | Yes |
We invite you to watch our video on starting a company in Montenegro!
Is full foreign company ownership in Montenegro available?
Yes, it. The shareholders can also be foreign natural persons or companies.
Is remote company registration in Montenegro available?
Yes, through our specialized services.
What types of entities can I register in Montenegro?
- Sole proprietorship – the simplest business form available for natural persons carrying out an activity in their own name;
- Private limited liability company – the easiest entity to register; it is also preferred by local and foreign investors;
- Public limited liability company – suitable for large operations;
- Subsidiary, branch office, liaison/representative office – entities suitable for foreign companies expanding their operations in Montenegro.
NOTE! You can rely on our local specialists for guidance in choosing an appropriate business form.
What is the minimum share capital to open a company in Montenegro?
The minimum share capital required to set up a company in Montenegro is 1 EUR in the case of a private limited liability company. For a public entity, the minimum amount required by law is EUR 25,000.
Below, we have prepared a scheme showing how to set up a company in Montenegro:
What are the steps to set up a company in Montenegro as a foreigner?
The following steps must be completed in order to open a company in Montenegro:
- the documents related to the incorporation of the company must be prepared – they must be drafted and notarized;
- the company name, which must be unique, must be chosen and reserved with the Trade Register in Montenegro;
- the business owners must also find a legal address for the Montenegro company – a virtual office can be useful;
- the incorporation documents must be filed with the Companies Registrar of Montenegro, which will issue the Certificate of Registration;
- the corporate bank account must be opened with a local bank in Montenegro, and the share capital will be deposited;
- the company must register for tax, VAT, and employment purposes with the tax authorities in Montenegro;
- the necessary business licenses must be obtained from the appropriate authorities before starting any activity.
What are the documents required for company formation in Montenegro?
We will need the following:
- the Memorandum and Articles of Association;
- the identification papers of the founders;
- the decision for the appointment of the company director(s);
- proof of identity of the director(s) (ID/passport, depending on their nationality);
- the declaration of the director(s) accepting the position;
- proof of the registered address in Montenegro (we advise on opting for a virtual office for a faster registration process);
- power of attorney for one of our agents.
IMPORTANT! Once we draft the Memorandum and Articles of Association, we will send them to you for approval.
Note: Foreign documents must be translated, legalized, and certified prior to submission to the Companies Register.
Must I appoint a local director for my Montenegrin company?
No, the director must not necessarily be a resident.
How long does it take to open a company in Montenegro?
The registration process is completed in 4 to 7 working days.
Are there additional steps to complete after company registration?
Yes:
- registering the director for social security;
- hiring an accountant/accounting firm.
What are the costs for company formation in Montenegro?
In order to open a company in Montenegro, the following costs must be considered:
- the business registration fee imposed by the Companies Registrar in Montenegro is one of the lowest in Europe and is established at 22 EUR;
- the virtual office cost: it will cost approximately 75 EUR per month to benefit from a registered address in one of the most renowned office buildings in Montenegro;
- the minimum share capital: there are no share capital requirements for opening a private limited liability company in Montenegro;
- the company formation fee is around 1,000 EUR, but the final pricing depends on the exact type of structure;
- the accounting fee for one month is approximately 130 EUR if you do not want to worry about the bookkeeping of your Montenegrin company.
For more details about the investment options available in this country or for complete company formation services, please contact our specialists in company registration in Montenegro.