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Register a company in Montenegro
Company incorporation, bank accounts, accounting services in Montenegro
Registration packages
Services
Essential
Standard
Premium
Company registration (d.o.o.)
Annual registered address
Notary services and company seal
Residence permit
Corporate bank account
Accounting services
Start your company in Montenegro
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How you can register a company in Montenegro with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Montenegro
Montenegro is located in Southeastern Europe and is a part of the Balkans. Montenegro borders Albania, Bosnia and Herzegovina, Croatia, Kosovo and Serbia and has access to the Adriatic Sea. Montenegro has a territory of 13,812 square kilometers. The capital city of Montenegro is Podgorica, the largest city and the location of key government institutions. Montenegro has a population of 620,74 thousand people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 9%. Tax returns are filed on an annual basis. Income tax payment is made annually by the end of March of the following year for the previous year or can be paid in 6 installments
- Dividend withholding tax - 9%
- Interest withholding tax - 9%
- Royalties withholding tax - 9%
- Capital gains tax - 9%
- VAT - Standard tax rate 21% or reduced rates from 0% up to 7% or tax exempt. Tax returns are filed on a monthly basis.
- Personal income tax - 0%, 9% and 15%.
The following are the most common types of companies to incorporate a company in Montenegro as:
- Limited liability company (Društvo sa ograničenom odgovornošću - d.o.o.)
- Public limited company (Akcionarsko društvo - AD)
- General partnership (Ortačko društvo - OD)
- Limited partnership (Komanditno društvo - KD)
- Branch office (Filijala).
- Individuals or legal entities that are intending to register a company in Montenegro can be resident or non-resident in Montenegro.
- A resident or a non-resident individual can be a company director in Montenegro. It is not required to set up a company in Montenegro with a resident individual as one of its shareholders or directors. However, each non-resident director must obtain a residence permit in Montenegro.
- At least 1 shareholder is required in order to register a company in Montenegro if such company is incorporated as a d.o.o. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Montenegro in order to establish a company in Montenegro or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Montenegro as a d.o.o. (a limited liability company) is EUR 1.
- D.o.o. registration takes between 5 and 7 business days with the bank account taking up to 3 business days.
- Details of company founders, shareholders and directors after company registration in Montenegro is complete is publicly available in the state corporate register.
- With our service you can register a company in Montenegro remotely upon a power of attorney.
Official currency of Montenegro is euro (EUR).
Montenegro has a service-based market economy that is based on financial invesments, in the energy and tourism sectors. Agricultural land amounts to 19% of the total land area. In the coastal region citrus and olive cultures are widespread, seasonable vegetables and tobacco can be found in the central parts, and the in the north of the country extensive sheep breeding is widespread. The steel and aluminium industry alone represents a good part of the country's exports and is expected to boost economic development. The manufacturing sector is still underdeveloped.
The GDP of Moldova grew by 13% in 2021 and amounted to USD 5.86 billion. Tertiary sector makes up almost 58.5% of the GDP of the country, followed by industry sector at 16.1%, agriculture at 6.4% and manufacturing at 4.1%.
In terms of foreign trade the largest exports of the country are unwrought aluminium, electrical energy, medicaments, wood, aluminium ores, wine, zinc ores, meat, ferrous remains.
Imports of Montenegro consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods, cars, food and beverages.
Primary trading partners of Montenegro are Serbia, Slovenia, Hungary, Bosnia and Herzegovina, China, Germany, Turkey, Albania, Poland, Italy, Croatia, Greece, France and Spain.
Montenegro has a service-based market economy that is based on financial invesments, in the energy and tourism sectors. Agricultural land amounts to 19% of the total land area. In the coastal region citrus and olive cultures are widespread, seasonable vegetables and tobacco can be found in the central parts, and the in the north of the country extensive sheep breeding is widespread. The steel and aluminium industry alone represents a good part of the country's exports and is expected to boost economic development. The manufacturing sector is still underdeveloped.
The GDP of Moldova grew by 13% in 2021 and amounted to USD 5.86 billion. Tertiary sector makes up almost 58.5% of the GDP of the country, followed by industry sector at 16.1%, agriculture at 6.4% and manufacturing at 4.1%.
In terms of foreign trade the largest exports of the country are unwrought aluminium, electrical energy, medicaments, wood, aluminium ores, wine, zinc ores, meat, ferrous remains.
Imports of Montenegro consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods, cars, food and beverages.
Primary trading partners of Montenegro are Serbia, Slovenia, Hungary, Bosnia and Herzegovina, China, Germany, Turkey, Albania, Poland, Italy, Croatia, Greece, France and Spain.
Foreign entrepreneurs expand to Montenegro and seek to incorporate a company in Montenegro in order to conduct business in the following sectors:
- energy
- tourism
- ICT sector
- IT
- infrastructure projects
- logistics.
Benefits of registering a company in Montenegro
- Business climate
- Access to EU markets
- Access to the Adriatic Sea allows to establish maritime trade with EU states, Turkey, Middle Eastern and North African states
- Stable economic growth
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives- Corporate income tax is 9%
- Corporate income tax incentives in free trade zones
- VAT exemption on construction of high-end hotels, food production and energy production facilities
- Double tax treaties with several jurisdictions
Ease of doing business- Fast company registration
- Minimum share capital requirement for a d.o.o. company is EUR 1
- No strict foreign exchange controls
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