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…
If you want to open a crypto company in Montenegro, you must know that from a legal stance, it will be regarded as an innovative business. Also, it should be noted that there are no specific conditions to obtain a crypto license, or a Virtual Asset Service Provider (VASP) permit…
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 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…
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…
Sole proprietorships in Montenegro are individuals who do business on the local markets for the purpose of making profits. These types of legal entities are regulated by the Company Act in Montenegro. In this article, our company formation agents in Montenegro present a few aspects related to the taxation of sole traders in Montenegro. The Law…
One of the most popular types of legal entities in Montenegro is the LLC (limited liability company). At the present, LLCs are particularly chosen by foreign entrepreneurs because they offer the possibility of land ownership in this country, which is not possible otherwise for foreign citizens in Montenegro. In this article, our company formation…
The Company Act in Montenegro is very flexible, allowing foreign investors and nationals to set up different types of companies or purchase already established companies – shelf companies. New company versus shelf company in Montenegro entitles several advantages, depending on several factors. Our company formation experts in Montenegro can help you choose the type of company which suits your business purposes.…
The Company Act in Montenegro regulates the forms of organizations pursuing economic activities and their registration procedure. Foreign investors and local businessmen alike can set up sole traders in Montenegro, following the provisions of this law. Our experts in opening companies in Montenegro can give you all the details regarding the process of setting up a…
