Company Formation Montenegro

BridgeWest provides company formation in Montenegro. Our assistance includes:

> drafting the Articles of Association (necessary for the company incorporation in Montenegro); The Articles of Association belonging to the Montenegrin company can be signed through Power of Attorney (the shareholder will be able to empower our representative in this sense).

> drafting all other documents required for the incorporation of the Montenegrin company. These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Montenegro, passport copies etc.

> arranging Public Notary procedures and/or translations of the documents signed abroad. Certain documents will have to be notarized before being filed with the local Trade Register.

> offering a Registered Office in Montenegro for your company (if required); The registered office may be a any address where the Montenegrin company declares to have its headquarters. The registered office will be public to third parties.

> setting up a bank account for your Montenegrin company. This refers both to an initial share capital account as well as a current bank account after the company is formed.

> recommending an accountant in Montenegro; Accountancy services are recommended for any new business registration in Montenegro, irrespective of it being a holding or a trading company.


BridgeWest can provide assistance for the formation of the following types of companies:

> Montenegrin Limited Liability Company - The Limited Liability company is the most used form of business in Montenegro as it has a rather simple structure and it is used for small to medium sized business activities. The company can be established by one or more legal entities or individuals. It has no minimum required capital, but does require opening a bank account for registration. The liability of the partners is limited to the amount invested in the company. A Limited Liability company can associate freely with other companies, and must have a Board of Directors to manage the company.

> Montenegrin Joint Stock Company - This company type is not as used as the Limited Liability company as it is designated for business at a larger scale. The Joint Stock Company in Montenegro can be founded by at least two individuals who hold limited liability to the company's debts and obligations. The minimum required capital for such a company is 25.000 EUR, which should be deposited in a bank account prior to registration. In order to register a Joint Stock company all the members of the management board must provide their names and social security numbers.

> Montenegrin Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in Montenegro.These can be set up as separate entities from the parent company (Montenegrin companies having the foreign company as shareholder) or extensions of the parent-company in Montenegro .

BridgeWest is also able to offer ready-made Montenegrin companies and VAT registration.

Please contact us for more information and prices.