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- Second citizenship, residence permit:
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 The use of the name Montenegro began in the 15th century when the Crnojevic dynasty began to rule the Serbian principality of Zeta; over subsequent centuries Montenegro was able to maintain its independence from the Ottoman Empire. From the 16th to 19th centuries, Montenegro became a theocracy ruled by a series of bishop princes; in 1852, it was transformed into a secular principality. After World War I, Montenegro was absorbed by the Kingdom of Serbs, Croats, and Slovenes, which became the Kingdom of Yugoslavia in 1929; at the conclusion of World War II, it became a constituent republic of the Socialist Federal Republic of Yugoslavia. When the latter dissolved in 1992, Montenegro federated with Serbia, first as the Federal Republic of Yugoslavia and, after 2003, in a looser union of Serbia and Montenegro. In May 2006, Montenegro invoked its right under the Constitutional Charter of Serbia and Montenegro to hold a referendum on independence from the state union. CIA - The World Factbook
Montenegro offers various benefits for visitors and entrepreneurs in particular. Warm Mediterranean climate, moderate price of property and living, visa free entrance and visa free travel within EU for permanent residents, low cost of economic immigration, lowest income tax in Europe. It is certainly worth considering as a place of registering a business.
Montenegro company formation. How to register a business in Montenegro
Montenegro is a small tourist-oriented Mediterranean country. It offers visa free entrance for the most of the world and it is relatively convenient for a company formation and obtaining temporary residence permit.
Montenegro has the lowest in Europe requirements to the company authorized capital - 1 euro only. The corporate tax - 9% of taxable income is also the lowest. Montenegro provides convenient legal and business environment for incorporation a business.
A limited company in Montenegro can be registered within 7 - 10 days and it can be done remotely via a Power of Attorney. However the company owner has to come to open a company current account and meet the company accountant. The accountant is necessary as the company in Montenegro has to pay wages and contributions to the budget (health insurance, pension, social security and unemployment) and prepare tax returns.
A company can have only one person who can be the company owner and director. The director is supposed to receive a salary.
Montenegro company formation
Formation of a company in Montenegro can be done in your presence - we will provide all necessary assistance including the company documents preparation, registration with the Court and other bodies. It can be done remotely as well. For remote company formation in Montenegro the company owner's passport copy and a POA (power of attorney) will be required. These documents should be certified at the Embassy of Montenegro.
Once the documents are received we can register a limited company on your behalf. Besides the incorporation we offer ongoing accounting support.
Fees
| Montenegro company formation |
EUR 550
including opening a bank account |
| Accounting support |
depends on the transaction volume |
Summarizing the above Montenegro is one of the few places in Europe where it is possible to have a company registered and a bank account established for a modest fee. Low taxation is also a serious advantage.
Having a company enables the company owner to apply for a residence permit in Montenegro. Keeping in mind that Montenegro is on its way to the EU, it certainly is an attractive place for doing business.
Please e-mail us for more details about setting up business in Montenegro.
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