top of page

Montenegro

Legal form:

Sorry, I don't understand your question. Please rephrase it.

Delivery:

2 weeks

Price: $

$1,000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Montenegro

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Montenegro

Capital
Official languages
Population 
Currency

ISO 4217

Podgorica

Montenegrin (official language) and Serbian (recognized language)

622,359 (as of 2019)

Euro

MNE

FAQ



Q: What is the process for forming a company in Montenegro?

A: The process for forming a company in Montenegro involves several steps, including choosing a company name, drafting the articles of incorporation, and registering with the Central Register of Commercial Entities.


Q: What types of companies can be formed in Montenegro?

A: Montenegro allows for the formation of various types of companies, including Limited Liability Companies (Društvo sa Ograničenom Odgovornošću or DOO), Joint Stock Companies (Akcionarsko Društvo or AD), and partnerships.


Q: What is the minimum share capital required to form a company in Montenegro?

A: The minimum share capital required to form a company in Montenegro depends on the type of company being formed. For a DOO, the minimum share capital required is €1, while for an AD, the minimum share capital required is €25,000.


Q: Do I need to have a physical office in Montenegro to form a company?

A: Yes, a physical office in Montenegro is required to form a company. The company must have a registered office address in Montenegro, and this address must be used for official correspondence.


Q: What are the tax implications of forming a company in Montenegro?

A: Montenegro has a favorable tax system for businesses, with a corporate tax rate of 9%. Additionally, Montenegro has a value-added tax (VAT) of 21%.


Q: How long does it take to form a company in Montenegro?

A: The time required to form a company in Montenegro can vary depending on the type of company and the complexity of the registration process. In general, it can take anywhere from several weeks to several months to form a company in Montenegro.


Q: What are the ongoing compliance requirements for companies in Montenegro?

A: Companies in Montenegro are required to comply with various ongoing compliance requirements, such as filing annual financial statements and maintaining a registered office in Montenegro. Additionally, companies may be subject to other requirements based on their specific business activities.


Q: Can a foreigner form a company in Montenegro?

A: Yes, foreigners are allowed to form companies in Montenegro. However, they may be subject to additional requirements, such as obtaining a work permit or appointing a local representative.

Economy

"Montenegro has seen a steady increase in its economy over the past few years. According to the World Bank, the country's GDP grew by 4.2% in 2019, and is projected to grow by 3.5% in 2020. The country's unemployment rate has also decreased from 16.2% in 2017 to 14.2% in 2019. Inflation has remained relatively low, with an average rate of 1.7% in 2019.

The country has also seen an increase in foreign direct investment (FDI). In 2019, FDI inflows reached €1.2 billion, a significant increase from €0.8 billion in 2018. This has been driven by increased investment in the energy, tourism, and real estate sectors.

Overall, Montenegro's economy has seen positive growth in recent years, and is expected to continue to grow in the coming years."

Taxation

Montenegro is a small country in Southeast Europe with a simple tax system. Here's an overview of the tax system in Montenegro:


Corporate taxation:

- Montenegro has a flat corporate income tax rate of 9%.

- Resident companies are taxed on their worldwide income, while non-resident companies are only taxed on their income sourced from Montenegro.

- Capital gains are subject to corporate income tax.

- Montenegro does not have a value-added tax (VAT) or a wealth tax.


Personal taxation:

- Montenegro has a progressive personal income tax system with a maximum rate of 15%.

- The tax rates are as follows: 

  - Income up to 3,000 EUR is taxed at a rate of 9%

  - Income between 3,000 EUR and 6,000 EUR is taxed at a rate of 11%

  - Income between 6,000 EUR and 10,000 EUR is taxed at a rate of 13%

  - Income over 10,000 EUR is taxed at a rate of 15%

- Capital gains are subject to personal income tax.

- Montenegro does not have a wealth tax.


Tax payment process and calendar:

- The tax year in Montenegro runs from January 1st to December 31st of the same year.

- Corporate income tax returns and payments are due by March 31st of the year following the tax year.

- Personal income tax returns and payments are due by April 30th of the year following the tax year.

- Montenegro also has a value-added tax (VAT) system with a standard rate of 21%. VAT returns and payments are due on a monthly basis.


It's worth noting that Montenegro's tax system is relatively simple and offers low tax rates, making it an attractive destination for foreign investment. However, the country is also working to improve its tax collection and combat tax evasion to ensure the sustainability of its tax system.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page