Company registration in Montenegro

Registration fee is from 3500 €

Registration period — 2 weeks

Minimum authorized capital - 1 EUR

Remote opening — no

Financial statements — yes

Montenegro is a small country located on the Adriatic coast. The capital is the city of Podgorica.

Montenegro attracts foreign investors not only as a tourist country with a mild climate, but also for business and investment opportunities. Today, Montenegro has one of the lowest corporate income tax rates in Europe - only 9%. For many foreigners, starting a business in Montenegro is a very promising idea due to favorable investment conditions.

What types of companies can be registered in Montenegro?

  • Limited Liability Company (DOO) is the most common type for small and medium-sized businesses.
  • Joint Stock Company (AD) - for large businesses with high capital
  • Branches and representative offices of foreign companies - for foreign enterprises wishing to do business in Montenegro.

Opening a company in Montenegro is not only a great business opportunity, but also an opportunity to obtain a residence permit in Montenegro. Starting a business in Montenegro can become the basis for obtaining a residence permit and then citizenship. Montenegro actively offers investment citizenship programs that allow you to obtain a passport of the country for investing in real estate or local business.

Company registration in Montenegro with Maira Consult is an opportunity to develop your business in a comfortable European environment with access to international markets. Our knowledge of local legislation will provide you with a simple and easy process of registering a company in Montenegro and obtaining all the necessary documents.

Montenegro advantages

1

Possibility to open an account in a local bank

2

Low income tax on profits

3

Favorable conditions for investment

4

Possibility to obtain a residence permit

General Information

Registration Features

To register a company in Montenegro, a non-resident director must obtain a permanent residence permit and a work permit in Montenegro.

Company Name

To open a company in Montenegro, the name must be unique and contain a word or abbreviation that indicates its limited liability.

Authorized Capital

Company registration in Montenegro is possible with a minimum authorized capital of 1 EUR.

Director

The director of the company can be an individual resident of any country.

Shareholders

A shareholder can be an individual or legal entity, there are no residency requirements.

Financial Reporting

Every company in Montenegro is required to submit annual financial and tax reports.

Taxation

The income tax rate is 9%. For some income related to Internet activities, the tax rate is 15%. The standard VAT rate is 21%.

Confidentiality

The State Register of Montenegro is open.

Stages of company registration

01

Choosing the name and form of the company

To register a company in Montenegro, you first need to decide on the organizational and legal form and name of the company. The most popular form for registering a company in Montenegro is a limited liability company (DOO).

02

Preparation and collection of documents

Next, Maira Consult lawyers will prepare all corporate documents for company registration in Montenegro.

03

Identification of company participants

The director is identified when signing documents for company registration in Montenegro at a local notary.

04

Formation of the share capital (if necessary)

The authorized capital of the LLC in Montenegro is formed after the registration is completed, if necessary.

05

Company registration

The process of registering a company in Montenegro takes an average of 7-10 business days. Obtaining a residence permit for a non-resident director takes 14-21 business days. After registering a company in Montenegro, it needs to be registered with the tax office.

06

Receiving of corporate documents

As soon as a company in Montenegro is registered, the state registry issues ready-made corporate documents of the company with the appropriate marks.

07

Legalization of documents (if necessary)

If necessary, after the company is registered in Montenegro, the documents are sent for apostille.

08

Delivery of corporate documents

After the registration of a LLC in Montenegro, you can receive the original documents yourself or we will send the documents to you by courier service.

Answers to the Most Common Questions:

To open a company in Montenegro, you need to choose the type of company (the most common is a limited liability company), prepare documents (passport, articles of association, legal address), register the company at the Centre for Business Registration, obtain a tax number and open a bank account. The process usually takes 3-5 business days. A non-resident director needs to obtain a residence permit
In order for a non-resident to have the right to start a business in Montenegro and become a director of a company, he or she must first obtain a permanent residence permit in Montenegro and then a work permit.
No, in order to register a company in Montenegro, the director must personally visit Montenegro to obtain a permanent residence permit and sign the documents for the company registration with a local notary.
Registration of a company in Montenegro takes 7-10 business days from the date of receipt of the full set of company documents.
The cost of registering a DOO company in Montenegro starts from 3500 EUR.

Our Contacts

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

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