Starting a company in Montenegro implies various steps, one of the most important being hiring employees. Luckily, foreign investors who open companies in Montenegro do not need to bring workers from other countries, as the local workforce can meet most of their demands. Companies seeking to hire personnel in Montenegro can conduct the process through their own human…
Foreign entrepreneurs who want to invest in Montenegro have several options. They can start a new business, buy an existing company or relocate an existing company to Montenegro. For those who already have a company in another country, setting up a subsidiary or a branch office is also a possibility until they can move their business to Montenegro.…
Montenegro has 300 km of coastline and beautiful mountains located in the north side of the country. These attract numerous visitors from all over the world every year, the tourism industry accounting for 20% of the GDP (Gross Domestic Product). The tourism in Montenegro is concentrated on resorts and hotels along the coast. The country is…
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…
A real estate due diligence in Montenegro implies taking caution, effectuating calculations, analyzing documents, obtaining insurance, checking the real estate and so on. It essentially means doing the research for the property prior to actually buying it. Our company formation advisors in Montenegro can effectuate this type of research for you, upon request. Types…
A company due diligence in Montenegro is the evaluation of a business from several points of view. Prior to committing in a commercial relationship with a Montenegrin company, an entrepreneur has to collect information on it and analyze the financial risks of doing business with each other. Our company formation consultants in Montenegro can…
The IT industry in Montenegro can prove to be extremely competitive, therefore it is crucial to have a solid foundation which is set up by the appropriate credentials, a solid business plan, enough funds and an innovative product or service. In this article, our company formation advisors in Montenegro explain different aspects related to opening…
In Montenegro, the export economy is the 110th largest in the world. Last year, the country exported USD 322 million and imported USD 2.25 billion worth goods, which results in a negative trade balance of USD 1.93 billion. The top imports in the country are refined petroleum, cars, packaged pills, foodstuff and…
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.…
