Company Formation & Residence Permits in Montenegro

Montenegro is becoming an increasingly popular destination for foreign investors due to its favorable business environment and attractive tax policy. If you are thinking about starting a company and staying in Montenegro, it is crucial to have all the necessary information to facilitate this process.

 

Why Choose Montenegro for Business?

Montenegro offers numerous advantages for foreign investors, including:

  • Favorable tax policy
  • Quick and easy company registration
  • Stable economic environment

These benefits make Montenegro an ideal destination for those looking to expand their business.

 

Starting a Company in Montenegro

Registering a company in Montenegro is relatively straightforward, but it is important to adhere to all legal regulations to ensure your business operates smoothly. Here are the key steps in this process:

  1. Choose the legal form of the company. Decide on a legal structure that best suits your business, whether it is a Limited Liability Company (LLC), a joint stock company (JSC), or another form.
  2. Prepare the founding act. Prepare all necessary documents, including the founding act and the company statute.
  3. Registration with the competent authorities. Submit an application for company registration to the Central Register of Economic Entities (CRPS).
  4. Opening a bank account. Open a business bank account in Montenegro.
  5. Obtaining a tax number. Apply for a tax identification number (TIN) and register for VAT if the expected turnover exceeds the threshold of 30,000 EUR.

 

Registering Your Stay in Montenegro

After successfully registering your company, the next step is to register your stay. The process of registering your stay in Montenegro can be complex, but it does not have to be if you have reliable information and properly submitted documents.

Registering your stay in Montenegro involves several key steps:

  1. Collecting documentation. Prepare necessary documents: valid passport, proof of health insurance, proof of means of support, and proof of accommodation.
  2. Submitting an application. Fill out the application form and submit it to the competent authorities.
  3. Scheduling an appointment. If necessary, schedule an appointment for an interview with the competent authorities.
  4. Monitoring the status. Keep track of the status of your application to ensure everything is in order and there are no additional document requests.

 

Our Legal Services

If you do not want to struggle with the bureaucracy in Montenegrin institutions, which can often be very complicated, our team can assist you. When it comes to establishing a company and registering your stay in Montenegro, we offer complete legal services including:

  • Advice on all legal aspects of residency and business in Montenegro
  • Preparation and review of all necessary legal documents
  • Representation before competent authorities
  • Assistance in communication with government institutions and business partners

 

Contact us

If you are planning to start a company and stay in Montenegro, do not let legal obstacles stop you and waste your valuable time. Contact us and let our experts help you achieve your business goals. We are here to provide you all the necessary support and ensure that your process is fast, simple, and successful.

Mihajlo Vavić Law Office will give you legal advice so feel free to send us a question or contact us.

Contact Information

069/329-240 also available via Viber

vavic.mihajlo@gmail.com

Address

Njegoševa broj 31, 85340 Herceg Novi

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