Company Formation
Your Montenegro Venture Starts Here!
Set up your business entity seamlessly in one of the fast growing Balkan countries.
A Straightforward Process
Any entrepreneur willing to establish a company in Montenegro must first be familiarized with the types of businesses defined by the law. These are the limited liability companies, the public limited liability companies, the general partnerships, the limited liability partnerships. A foreign company may also open a branch in Montenegro. Our company formation experts in Montenegro can help individuals and businessmen open any of the company types available in the country.
Business entities in Montenegro
Choosing the right corporate structure and strategy for starting a business in a Montenegro is an important prior to commencing the company setup. EID Accounting has the expertise and experience to advise our Clients on the optimum legal form of the new Montenegro business. There are a few different ways of doing business in Montenegro, most popular being through a limited company and a branch of a foreign entity.
Limited liability company (LLC)
A Limited liability company (LLC) is the most common type of company used and registered by entrepreneurs and investors looking to do business in Montenegro. A Montenegro LLC (D.O.O.) can be setup by a single individual who can be both, the shareholder and the director of the company. There are no restrictions on the nationality and the residency of the shareholder and/or director. The minimum share capital required to establish a LLC in Montenegro is €1.
However, keep in mind that a limited liability company in Montenegro must open a corporate bank account in the country before registering for taxes with the Tax Authority.
Joint Stock Company (JSC)
A Montenegro joint stock company (JSC) is preferred by investors and entrepreneurs that seek to establish large corporations or businesses in the country. This entity can either be established as a private JSC or a public JSC. A public JSC can list its shares into the Montenegro Stock Exchange. Like the LLC, a JSC can be established by one individual shareholder only.
The minimum share capital required for a joint stock company (JSC) is €25,000 and must be deposited into the company’s corporate bank account during incorporation. A JSC must also appoint a statutory auditor at incorporation.
Montenegro Branch Office
Foreign legal entities looking to do business in Montenegro without setting up a local company are permitted to establish a branch office in the country. A branch office can engage in any activity in Montenegro but its activities are only limited to the scope of the parent company’s business.
Montenegro Representative Office
Foreign companies are also permitted by Montenegro Law on Business Organizations to set up representative offices in the country strictly for the purposes of 1) market research 2) promoting the business of the parent company and 3) research and development. This entity by law is not allowed to engage in any profit making activities in Montenegro (as it’s a “representative office”).
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