In Montenegro, a nominee director is a person or service provider who acts on behalf of an executive. Such an agent is appointed by the shareholders of a company in various circumstances. However, nominee directors will have limited powers and specific responsibilities only. Below, our Montenegrin company formation agents explain…
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…
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…
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…
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…
