There are several advantages to opening an IT company in Montenegro. One of the most important is that even if the country is not an EU member yet, it aligns its information technology laws to EU directives.
In this article, our company formation advisors in Montenegro explain different aspects related to opening an IT company in this country.
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Main aspects to consider when setting up an IT company in Montenegro
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 order to set up a successful IT company in Montenegro, follow these steps:
- research the local market: establish what IT services are offered in the community where you are located and which areas are underserved;
- improve your skills and services: make sure that you know the current trends and the required skills;
- write down a business plan: here, you should include data about your credentials, your experience, and how your services will answer a demand on the market. Our company formation representatives in Montenegro can offer more information related to this matter;
- obtain funds: if you plan to launch a service-based IT company in Montenegro or a product-based one, you will need enough funds;
- open the IT company in Montenegro by incorporating or establishing an alternative legal entity.
How to register an IT company in Montenegro
If you want to open a company in Montenegro in the IT sector, you do not need to go through special procedures. The first and important aspect that also dictates the steps to complete is choosing the legal entity under which it will operate. From this point of view, you have the following options:
- the private limited liability company, which exempts you from paying with your own assets in case of default;
- the sole proprietorship is suitable if you specialize in one field of this sector and want to offer these services on your own, which is often the case for programmers.
No matter the entity you decide on, you can rely on our company registration advisors in Montenegro for support with the incorporation.
Types of services an IT company in Montenegro can provide
Operating in the IT sector in Montenegro comes with various advantages, as there are many activities such businesses can undertake. Some of the most popular at the moment are:
- software development;
- cybersecurity;
- data science;
- cloud computing;
- digital communications;
- artificial intelligence-related solutions;
- consulting;
- e-commerce;
- outsourcing;
- repair and maintenance of computers.
These are only a few of the branches of this sector, so if you want to set up an IT company in Montenegro, you can also decide on other activities.
Are there any special licenses to obtain in this sector?
Generally speaking, there are no special business permits to obtain when launching a Montenegrin IT company. However, you will be required to file for authorization from the local municipality with respect to using the premises for your activity, for example.
Also, you may need to respect various laws, among which the Personal Data Protection Law if you process personal information of users. This is the equivalent of the General Data Protection Regulation applicable at EU level and the activities that imply personal data collection is overseen by the Agency for Personal Data Protection and Free Access to Information in Montenegro.
Service provider regulations in Montenegro
If you intend to set up a service provider in Montenegro, our company registration consultants in Montenegro find it important to know that records of such providers have to be maintained in paper and electronic form.
According to the local legislation, for every certification service provider, there are certain data which have to be entered in the records, such as:
- the registration number;
- the date of registration in the records;
- the headquarter name, or the name and address of the certification service provider;
- the name and the Unique Master Citizen Number of the individuals who are authorized by certification service provider;
- the email of the provider;
- the fax and telephone numbers;
- the performed amendments date;
- the deletion from the records date;
- other information: our Montenegro company formation agents can provide further details on what these other data consist of.
The IT sector in Montenegro
This industry is currently one of the most developed in Montenegro, and according to statistics, it is expected to grow even more in the following years. Here is some data to support this affirmation:
- by the end of 2025, the IT services market is expected to reach USD 48.16 million in revenue;
- by 2029, the same sector is projected to grow by 6.38% annually, with a market volume of USD 61.67 million by the end of 2029;
- another developed branch of this sector is outsourcing, which in 2025 is expected to reach a market volume of USD 19.18 million.
If you require more information about the IT sector in Montenegro, or for help to open a company in Montenegro in this industry, please feel free to speak to our friendly staff.