Montenegro Resident Company Formation
Montenegro is a country in Southeastern Europe on the Adriatic Sea. It borders Bosnia and Herzegovina to the north, Serbia and the disputed territory of Kosovo to the east, Albania to the south, and Croatia to the west. Montenegro has an area of 13,812 square kilometres and a population of 620 thousand, most of whom are Orthodox Christians. Its capital, Podgorica, is one of the twenty-three municipalities in the country. Cetinje is designated as the Old Royal Capital.
Montenegro was part of the Yugoslavian nation until its independence in 2006. While tourism is its primary economic sector, attracting investors to establish new Montenegro Resident Companies in Europe is fast-growing. In 2011, the country introduced a faster, more efficient stop company registration system, which foreigners like. While not a member of the European Union (EU), the Euro is its official currency.
Since Montenegro obtained its independence in 2006, the country has consistently striven to become one of the most important destinations for investors who want to form a Montenegro Resident Company in Europe. The most developed sector in Montenegro is tourism. The Government has invested strongly in infrastructure, making the country more accessible for investors and tourism.
Limited Liability Company (LLC) is the most common company used by entrepreneurs and investors looking to do business in Montenegro. A D.O.O. Company can be set up by a single individual who can be the shareholder and director of the Montenegro Resident Company. There are no restrictions as to the nationality and residency of the shareholders/directors. The minimum paid-up share capital for a Montenegro Resident Company is €1. The company can easily open a local bank account, making Montenegro Resident Company set up a seamless process for investors seeking opportunities in this vibrant European nation.
So, suppose you’re considering establishing a company in Montenegro. In that case, you’ll find that Montenegro Resident Companie offer an excellent avenue for business growth in a country with a burgeoning economy and a strong focus on investor-friendly policies.
Advantages of company incorporation in Montenegro:
Summary of Montenegro Resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Liability Company (LLC / D.O.O.) |
| Corporate Legislation | Law on Business Organizations enacted in February 2002, as amended |
| Taxation | Standard Corporation Tax – 9% Tax on Dividends – 9% Standard VAT rate – 21%, 7%, 0% |
| Currency | Standard Currency EUR |
| Paid up capital requirement | Paid up capital required only 1 EUR |
| Time zone | GMT (UTC) +2, GMT (UTC) +1 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Yes (can provided by Consil Formation) |
| Local Secretary required | Yes, acting as registered agent |
| Registered office required | Yes, local |
| Share Capital | |
| Standard Currency | EUR |
| Standard Authorized Capital | €1 |
| Minimum paid up capital | €1 |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | Yes but not filled |
| Accounts public accessible | No |
| Requirement to file Annual Return | No |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Montenegro Resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.