Conditions for Opening a Company in Montenegro

Requirements for Starting a Business in Montenegro

In recent years, Montenegro has become a prominent destination for investors and entrepreneurs. With its stunning nature, historical and cultural richness, developing economy, and integration process into the European Union, Montenegro stands out as an attractive country for many to start a business and invest in.

To start a business in Montenegro, you need to meet some basic requirements. These include:

• Legal Representative: Your company must have a legal representative residing in Montenegro. The legal representative can be a Montenegrin citizen or a residence permit holder. As Senol Investment, we can assist you with this.
• Company Name: The company name you choose must not be the same as another registered company name in Montenegro. You can check the availability of your company name by applying to the Montenegrin Trade Registry.
• Capital: Your company must have a minimum capital of 1 Euro. The capital can be provided in cash or in-kind assets.
• Founding Documents: You need to prepare the founding documents of your company. These include the company charter, board of directors list, partnership declaration, and other necessary documents.
• Bank Account: You need to open a bank account for your company. This account will be used to deposit your company’s capital and conduct commercial transactions.

What should I do to start a business in Montenegro?

To start a business in Montenegro, you can follow these steps:

• Find a Legal Representative: Find a legal representative residing in Montenegro or seek assistance from a consultancy firm like Senol Investment.
• Choose a Company Name: Select an appropriate and unique company name.
• Determine Capital: Determine the capital amount for your company.
• Prepare Founding Documents: Prepare the founding documents of your company.
• Open a Bank Account: Open a bank account for your company.
• Submit Company Formation Application: Submit the company formation application to the Montenegrin Trade Registry.
• Register for Taxes: Register your company with the tax office.
• Set Up Accounting System: Set up an accounting system for your company.

Who can start a business in Montenegro?

Foreigners can also start a business in Montenegro. Foreign nationals need to find a legal representative and prepare the necessary documents to establish a company in Montenegro.

As Senol Investment, we can guide you through the process of starting a business in Montenegro and complete all legal procedures on your behalf. Our expert team will support you in company formation, legal representation, tax consultancy, accounting, and other matters.

If you want to learn more about starting a business in Montenegro, please do not hesitate to contact us.