Montenegro is not a member of the European Union, but it uses the euro as its official currency. This means that individuals who open a bank account in Montenegro can enjoy the benefits of the eurozone, including free movement of capital and access to the European payment system. If you…
Holding companies can own one or more subsidiaries and only serve as a holding structure for their subsidiary's outstanding stock. They often just provide their daughter firms ownership and oversight rather than producing any goods or services themselves. If you want to open a holding company in Montenegro, you can get…
At this time the Montenegrin legislation does not stipulate regulations for Crypto companies therefore currently this service is unavailable.A kind of cryptocurrency funding is known as an initial coin offering (ICO). In an ICO, a certain amount of cryptocurrency is offered as tokens, also known as coins, to investors in…
At this time the Montenegrin legislation does not stipulate regulations for Crypto companies therefore currently this service is unavailable.In Montenegro, cryptocurrency is not governed as a recognized payment method, but it is also not explicitly forbidden to use. So, if you are planning to open a cryptocurrency company in Montenegro, you…
Starting a business in Montenegro has many advantages despite the country not being a member of the Union European at the moment. Montenegro companies have the possibility of completing various activities within the EU, such entering partnerships with companies in countries on the entire territory of the EU and even engage in trading…
Foreign investors have multiple business opportunities in Montenegro and can set up their operation under various types of structures governed by the Company Law. However, they also have certain responsibilities when setting up companies, among which the obligation of finding a legal address for the company in order for it to be…
Starting a business in Montenegro is not complicated, as the government has enabled various tools through which the company registration procedure has been simplified. Considering foreign investors have the possibility of opening companies in Montenegro under the same regulations as local entrepreneurs makes the country very appealing. However, opening a business can also imply making changes during its lifespan and…
Foreign companies interested in carrying out operations on the Montenegrin market can set up several types of entities. Among the most common ones are the subsidiary and the branch office. The differences between them are important from two points of view: the first one related to the independence of the company…
Opening a company in Montenegro is not complicated, even if you are a foreign entrepreneur. The first step you need to take is to select the business form and then register it with the Companies Registrar in this country. An important aspect to consider is the licenses you need to obtain for the…
There are many prolific industries in Montenegro, among them being also the financial one. Starting a financial company implies respecting the legislation in the banking system, but also the Commercial Code which provides for the regulations related to incorporating a business in this country. There are several types of companies which can be established in the financial sector…
