How to open a company in Montenegro

Opening a company in Montenegro: a step-by-step guide

Starting a business in Montenegro is an attractive opportunity for both European and foreign entrepreneurs. This country has a stable economy, a favorable tax regime, a growing tourism sector and simple administrative procedures. The registration of companies in the fields of construction, tourism, trade and services is especially popular.

Why you should open a company here

Montenegro offers several significant advantages:

• Simple and fast registration procedure
• Transparent taxation: corporate tax — 9 percent
• Convenient geographical location in the Balkans
• The possibility of obtaining a residence permit based on business
• A wide real estate rental market and an active tourist flow

Thanks to this, business in Montenegro can become not only a source of stable income, but also an investment tool.

Basic forms of doing business

The most common organizational and legal forms:

• DOO (Društvo s Ograničenom Odgovornošću) — an analogue of LLC
• AD — joint stock company
• Entrepreneurial activity (preset) — for individuals

Foreigners most often register DOO, which is a universal form suitable for small and medium—sized businesses.

Company registration stages

1. Choosing the name and type of activity
   The name must be unique and not repeat those that have already been registered. The type of activity is selected from the official classifier.
2. Preparation of constituent documents
   For a DOO, it is necessary to draw up the company's Charter, specify the legal address, the amount of the authorized capital (at least 1 euro), the details of the founder and director.
3. Opening a temporary bank account
   The authorized capital is deposited on it.
4. Submission of documents to the Registration Center
   Registration is carried out through the Commercial Facilities Registration Center (CRPS). The deadline is 3-5 business days.
5. Getting a tax number and registering with the tax service
   After registration, the company receives an INN and is registered with the tax service.
6. Opening a permanent account and activating activities
   After registration, you can open a permanent account, apply for an electronic signature and start working.

Required documents from a foreigner

• Passport
• Residential address
• Confirmation of the legality of the source of funds (in some cases)
• Translations into Serbian (performed by licensed translators)

Additional aspects

• If necessary, it is possible to obtain a Residence permit based on doing business
• An accountant is required — accounting and reporting are mandatory
• A business address can be rented through specialized companies

Help in starting a company

Our company provides a full range of business registration services in Montenegro. We are helping:

• Choose the appropriate form of business
• Prepare and submit all documents
• Open a bank account
• Get a tax number
• Register with the appropriate authorities
• Provide accounting support

If you are planning to open a business and you need professional help, contact us. We will save you time and help you avoid mistakes.

Opening a company in Montenegro is a sure step towards a stable and profitable future in Europe.