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Our Process of Registration
Step-by-Step Guide to Company Registration in Montenegro
Starting a business in Montenegro is a straightforward process when you have the right guidance. At Montenegro Start, we are committed to making the entire experience as smooth as possible, from choosing the perfect company name to opening a bank account. Below is a clear, step-by-step guide that outlines every stage of the registration process. Follow these steps, and we’ll ensure your business is set up quickly and efficiently, with expert support at each phase.
1
Choose a Company Name and Provide Registration Details
The first step with Montenegro Start is selecting a unique name for your business and preparing the necessary documents for registration. Here’s what you need to do:
Choose a Name: Brainstorm several potential names for your company. We will check their availability in the Central Registry.
Provide Business Information: Share essential details such as your company’s activities, the founder’s personal details, and the company’s address.
Once we have this, we will move on to documentation preparation for a smooth registration process.
2
Prepare Documentation and Sign with a Notary
With your business name confirmed, Montenegro Start will handle the preparation of all necessary documents based on the information you provided. Once ready, we will contact you to schedule a signing appointment with a notary in Montenegro. Don’t worry – the process is straightforward, and we’ll guide you through it all.
3
Company Registration in the Central Registry
Once the documentation is complete and signed, we will submit everything to the Central Registry of Business Entities on your behalf. Our team at Montenegro Start ensures that the entire registration process is handled smoothly, without you needing to worry about the paperwork. Within four business days, your company will be officially registered, allowing you to begin your operations in Montenegro.
4
Open a Bank Account
After your company is registered, the next step is to open a business bank account. In Montenegro, all directors must be physically present for the account opening process. If you’re unable to visit, we can appoint a local director to assist with this step. This account is vital for managing your company’s finances, from supplier payments to receiving funds from clients.
5
Obtain Residency Permit (If Required)
If you are the director of the company, you must apply for a residency permit to operate legally in Montenegro. Our team at Montenegro Start will assist you in navigating this process, ensuring you meet all legal requirements.
Alternatively, if needed, we can help appoint a local director to manage the company on your behalf. For more details, visit our services page.
6
VAT Registration
If your company’s annual turnover exceeds €30,000, you are required to register for VAT (Value Added Tax). This process ensures that your company complies with tax obligations by charging VAT on goods and services provided to customers. Montenegro Start can assist in registering your company for VAT and guide you through tax compliance.
7
Additional Licenses and Compliance
Certain industries, such as tourism, education, finance, or import/export, require special licenses or approvals. Our team will assist you in obtaining any necessary permits specific to your business sector. For example, opening a travel agency will require approval from the Ministry of Sustainable Development and Tourism. Visit our business license guide for more information.
8
Annual Obligations
After registration, you will need to meet annual compliance requirements such as submitting tax filings and financial reports. Montenegro Start offers full accounting and bookkeeping services to ensure you stay on top of these obligations. For more information, see our annual compliance guide.
FAQ's
Frequently Asked Questions
The process involves selecting a company name, preparing documentation, notarization, and submitting everything to the Central Registry. Montenegro Start assists at every stage.
Typically, the entire registration process takes 4-7 business days, depending on the complexity.
Yes, foreign investors can have 100% ownership of a company in Montenegro.
The minimum capital for a limited liability company (DOO) in Montenegro is €1.
No, Montenegro Start can assist with remote registration. However, bank account opening typically requires the director’s physical presence.
Montenegro offers a low corporate tax rate of 9%, one of the most competitive in Europe.
You will need personal identification documents, company details, and the business activities description. Montenegro Start will guide you through the full list.
Company directors are eligible to apply for a residency permit, and Montenegro Start helps with the application process.
Yes, if your company’s annual turnover exceeds €30,000, you must register for VAT. Montenegro Start can assist with VAT registration.
In addition to company registration, we offer tax consulting, accounting, and assistance with business permits and licenses..
Begin Your Company Formation in Montenegro Today
Our streamlined process is tailored to give you clarity, confidence, and peace of mind throughout your business registration journey. Ready to establish your company in Montenegro? Contact us now to schedule your initial consultation and learn how we can assist you in achieving your business goals with expert guidance and support.
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