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Company Formation Montenegro

Updated on Friday 11th May 2018

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BridgeWest provides company formation services in Montenegro. Our assistance includes:

-     drawing up the articles of association that can be signed through power of attorney (Montenegrin laws require power of attorney for any public notary proceedings);
-     drawing up documents for company incorporation in Montenegro: specimen signatures, identification papers copies, application form required by the Montenegrin Company Registration Office;
-      arranging public notary proceedings (all procedures for company incorporation are done in front of a Montenegrin public notary);
-     providing a registered office in Montenegro on demand; the registered office serves as headquarters for the company in Montenegro and it will be made public;
-     setting up a bank account for the company in Montenegro; our consultants in Montenegro will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;
-     recommending a Montenegrin accountant, as accounting services are needed for new businesses in Montenegro.

Types of companies in Montenegro

- Montenegrin limited liability company – The Montenegrin limited company is the most common type of company because it only requires a shareholder and a director, but a board of directors can also be established; the shareholders can be an individual or a legal entity. There is no minimum share capital for a limited company in Montenegro, but a bank account must be opened in order to register the company. Shareholders are held accountable for the company’s obligations and debts to the extent of their share contribution.

- Montenegrin joint stock company – The Montenegrin joint stock companyrequires a minimum share capital of 25,000 EUR that must be paid up before the incorporation. It requires a minimum of two shareholders that can be individuals or legal entities. The shareholders will be held liable to the extent of their participation for the company’s debts and obligations.


- Montenegrin Branch, Subsidiary or Representative Office - Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Montenegrin company. Foreign companies can also open extensions of the parent company in Montenegro.

Taxation in Montenegro

The corporate tax in Montenegro is 9%.

The standard VAT rate in Montenegro is 19%, but reduced rates of 7% and 0% apply to certain products.

The withholding taxes on dividends, royalties and interests in Montenegro are 9%, unless reductions are applied due to double taxation agreements.

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

Please contact us for more information regarding how to start a company in Montenegro.
 

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