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.…
The Montenegrin economy relies heavily on tourism, foreign investments and trade. Import and export in Montenegro is supported by the local authorities through a series of measures to liberalize the trade regime. If you want to open a company in Montenegro, you should know that the key commodities of the country are manufactured goods, agricultural products and…
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 company registration in Montenegro can give you all the details regarding the process of setting up a…
The tourism industry in Montenegro is accounted for 25% contribution to the GDP and 23% of total employment. Businessmen who want to open a hotel in Montenegro need to be aware of the fact that tourism is an attractive destination for foreign investments. With the fastest growing tourist market in the world, the hotel…
There are no legal restrictions to foreign individuals to buy a property in Montenegro. Residential destinations are easy to acquire by foreigners, but company registration in Montenegro is compulsory if they want to acquire land in this country. The basic requirements to be met in order to buy a property in Montenegro are stipulated in the Law…
