Company registration in Montenegro

Private business in this country is considered to be the main destination for entrepreneurs who have planned to enter the international market. It is a unique chance to develop their own business in an economically promising state with an optimal taxation system.

Many people think that registering a business in Montenegro is very easy. However, some businessmen face a large number of difficulties. Therefore, it is better to entrust the procedure to trusted, reliable professionals.

Opening a company in Montenegro: advantages

If you have made the final decision to register a company in Montenegro, you are not mistaken. Registering a business in this jurisdiction has certain advantages:

1. The state is close to the European Union, and enjoys many of its advantages.
2. The jurisdiction has great economic freedom, monetary stability.
3. The corporate tax rate is only 9%.
4. The minimum initial deposit to open a company is 1 euro.
5. In this country there are many highly qualified personnel who are ready to be employed.
6. The rent for office space is inexpensive. Foreign investors often participate in local privatization procedures and own land on the same terms as local residents.
7. There are no restrictions on income reparation.
8. A large number of stable banking institutions.
9. There are no restrictions on foreign control.

In addition, you can open a company here without visiting the country itself.

What kind of company to open in Montenegro?

Every foreign businessman has a unique opportunity to register one of the following forms of business ownership here:

1. LLC. It is considered a common legal type. To open an LLC, a founder and a manager are required. There is no minimum authorized capital.
2. Public company. It is necessary to have a minimum capital, which is equal to 25,000 euros.
3. Partnership. This form of business activity does not require a minimum authorized capital. The partnership can be created by 2 partners (this is the minimum).
4. PI. It is considered the simplest form of business registration. It is created by one participant.

Non-resident firm establishes presence by several methods: opening a branch or creating a subsidiary company.

Taxation of the jurisdiction

Since this state became independent, it is trying to become one of the most important destinations for foreign investors wishing to register a company in Montenegro, in Europe. The regional government has invested a lot of money in infrastructure development, making the state accessible to many inverters.

The country has a small tax rate. VAT can vary, being a minimum of 7% and a maximum of 21%. Income tax for a legal entity is 9%. The same rate for income tax.

Gaining citizenship in Montenegro

There are the most common methods to obtain a residence permit here:

• purchase of immovable property;
• obtaining a work permit.

As in other countries, here you can obtain a residence permit on a permanent or temporary basis. In the second option, a person receives a residence permit for a year, after which he or she renews it every year.

Why open a company in Montenegro with our company?

Our firm is engaged in registration of companies in many countries of the world. Our specialists will be able to quickly register a business in Montenegro, as well as take care of many important processes:

• will choose the best type of property for doing business;
• will help to draw up, submit the necessary documents, permits;
• will assist in the registration of the taxpayer code.

In addition, they will independently apply for registration of the company in this jurisdiction.