What to do in Montenegro

What Businesses Can You Start 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 live, work, and invest in.

There are many opportunities in various sectors for investing and starting a business in Montenegro. Some of the main investment and business areas are:

• Tourism: Montenegro has a great potential for tourism. With its stunning beaches, historical and cultural values, national parks, and mountain views, Montenegro attracts millions of tourists every year. Therefore, hotel management, restaurant business, tour operations, accommodation, and entertainment sectors are very attractive for investment and business opportunities.
• Real Estate: Real estate prices in Montenegro have been increasing in recent years. This situation presents significant opportunities in the real estate sector for investors. Residential, commercial real estate, and land investments are quite popular.
• Agriculture: Montenegro, with its agricultural lands and fertile soils, is an ideal country for agricultural investments. Especially olive, grape, fig, and honey production are quite common.
• Energy: Montenegro is rich in renewable energy sources. Investments in solar energy, wind energy, and hydroelectric energy are encouraged.
• Construction: The development of infrastructure and the growth of the tourism sector in Montenegro are creating new job opportunities in the construction sector. The construction of residential and commercial buildings is quite popular.
• Information Technology: The information technology sector in Montenegro is rapidly developing. There are opportunities for investment and business in software development, data processing, and cybersecurity.
• Transportation: The development of sea and land transportation networks in Montenegro is creating new job opportunities in the logistics and transportation sector.

What Jobs Can You Do in Montenegro?

By obtaining a work permit in Montenegro, you can find jobs in various sectors. Some of the main job opportunities are:

• Hospitality and Restaurant Business: You can work in hotels and restaurants as a receptionist, waiter, cook, or housekeeping staff.
• Tourism: You can work as a tour guide, tour operator, or travel agency staff.
• Real Estate: You can work as a real estate consultant or realtor.
• Construction: You can work as a construction worker, master, or engineer.
• Information Technology: You can work as a software developer, web designer, or IT infrastructure specialist.
• Transportation: You can work as a truck driver, seaman, or aviation staff.
• Education: You can work as a teacher, language instructor, or trainer.
• Healthcare: You can work as a doctor, nurse, or pharmacist.

Types of Companies You Can Establish in Montenegro

Various types of companies can be established in Montenegro for different purposes and activities. The main types of companies are:

• Joint Stock Company (A.D.): This is the most common type of company. The capital is divided into shares, and at least one founding member is required.
• Limited Liability Company (D.O.O.): The capital is divided into shares, and at least two founding members are required. It is easier to set up and operate compared to joint stock companies.
• Limited Partnership: Consists of two types: general partners and limited partners. General partners manage the company and are fully liable for its obligations, while limited partners do not manage the company and are only liable for their capital commitments.
• Sole Proprietorship: A company established by a single person. It is easy to set up, but the owner is personally liable for the company’s debts.
• Branch Office: A branch office of a foreign company operating in Montenegro. It is an extension of the parent company and is subject to Montenegrin laws.

The type of company you choose depends on your business plan, capital, and liability structure. As Senol Investment, we can guide you through the company formation process and help you choose the most suitable type of company.

If you want to invest or start a business in Montenegro, we can provide you with comprehensive consultancy services. Our expert team will support you in company formation, residence permit application, tax consultancy, accounting, and other matters.