Montenegro LLC
MONTENEGRO – a country located between Croatia in the north and Albania in the south. It hides great potentials in terms of tourism. Due to its beautiful appearance and small size, it is a diamond of the Adriatic Sea, and a place where everyone would like to live.
Montenegro - limited liability company
LLC is the most popular form for starting new business. It is good and flexible business model, that gives you advantages of minimizing taxes, protecting assets and etc.
It is also characterized by other features, such as a quick and easy way to open it. Unlike other countries where it takes about a few thousand euros of share capital to open a company, Montenegro offers the possibility of opening a company for only 1 euro of invested founding capital.
What are the main features of Limited liability company in Montenegro?
- Founding capital 1 euro
- Time required for establishment 10 days.
- Only the basic documentation for the establishment is needed.
- It can be opened without the presence
- 9% corporate and dividend tax
- Company is required to appoint a qualified accountant.
- Director of LLC doesn’t need to be citizen of Montenegro
Together with the company, two bank accounts are opened at the same time in order to enable uninterrupted business.
It is possible to have a virtual address, but it should be noted that for companies that plan to do re-export during later business, it is advisable to register the company at a regular address.
Montenegro signed double-taxation avoidance with many countries, so you can use this to further lower your overall taxes.
After forming LLC, as a director/shareholder you are allowed to apply for residency by company formation and on that basis, become a resident of Montenegro.
Maintenance costs
Some of the main costs that foreign companies have while doing business in Montenegro are accounting and address costs for their office.
Qualified accountant must be appointed so that the company can function properly.
Companies that have a minimum number of transactions, pay 50 euros per month.
Companies with an average number of transactions pay up to 100 euros per month.
Cost of virtual address is 50 euros.
And those who want to have physical address price varies from 150 to 200 euros for small office spaces.
The process consists of several key stages
- Preparation and notarization of documents
- Assistance when opening corporate bank account
- Assistance in finding office space and registering a company at it’s new business address
- Company registration at the Business Registry Agency
- Finding the qualified accountant and signing the contract
Documents that are needed
- Passport copy of shareholder/director
- Prof of address
- POA in case of remote service
FAQ
Yes, foreigners are allowed to open more than one company.
It takes only a couple of days.
Yes, virtual address is possible to have in Montenegro, and the price is 50 euros per month
It depends. Opening LLC requires less time and documentation.
With the power of attorney it is possible to open LLC remotely.
Maximum is 3 months
Our principles of work
Information handling requires a responsible approach, so we always inform you in advance about the upcoming steps and documentation that is required, so you can plan your schedule and enjoy your time.
After the job is done, we don’t turn our backs on you and we don’t charge premium for further consultations.
Even for everyday challenges you stumble on in Montenegro you can always ask us for advice and we will be happy to assist.
Wish you luck and achievement of future plans! See you in Montenegro!