Montenegro Company Formation

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Montenegro

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Company Formation Montenegro

F.A.Q.

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; BridgeWest 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 companyThe 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 company requires 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.

 

 



Articles on Company Formation in Montenegro

Set up Company in Montenegro

The economy of Montenegro is mostly service-based, with more than 70% of the GDP, and tourism is an important contributor to Montenegrin economy, being considered the main pillar of the future growth, facts that make Montenegro an interesting place to develop a business for both domestic and foreign ...

Open Company Branch or Subsidiary in Montenegro

There are various forms of engaging in business in Montenegro, including setting up companies and branches of foreign companies. A Montenegrin branch is a not considered a separate legal entity from its parent company, which is liable for the debts and obligations of the branch. The incorporation pr ...

Guide to Company Incorporation in Montenegro

1. What is the minimum share capital of a Montenegrin Limited Liability Company? The Limited Liability Company in Montenegro is the most common business form as it is easy to establish and it is designated for small to medium-sized businesses. The minimum capital is only 1 EUR. 2. What is the minim ...

Paying Taxes in Montenegro

1. What is the corporate tax in Montenegro? The flat corporate tax rate for a company that is registered in Montenegro is 9%, one of the lowest rates in Europe.     2. What is the VAT in Montenegro? The standard VAT rate in Montenegro is 17%, with a reduced rate of 7% ...

VAT in Montenegro

1. What is the VAT in Montenegro? Montenegro introduced VAT in April 2003. The standard VAT rate is 17% for a wide range of services and goods. A reduced VAT rate of 7% is charged for tourism, food, medicine, textbooks or public transportation. It is also important to mention that exported goods are ...

Company Liquidation in Montenegro

BridgeWest handles company liquidation in Montenegro. For more information, please contact us. There are many laws regulating the company liquidation procedure in Montenegro: Law on Business Organization, the Business Organization Insolvency Law, Law on Bankruptcy and Liquidation of the Insuran ...

Register a Non Profit Organization in Montenegro

A non-governmental association in Montenegro is an organization based on membership which can be established by domestic and foreign naturals or corporate bodies for the purpose of achieving individual or common interests, or for the purpose of achieving and promoting public interests without obtain ...

Nominee Director in Montenegro

 In Montenegro, the main forms of business (the limited liability companies or the joint stock companies), has at their base of incorporation a set of rules and regulations, called articles of association. In these articles are stipulated the name and the address of the company, the purposes fo ...

Set up a company in Montenegro

The economy of Montenegro is mostly service-based, with more than 70% of the GDP, and tourism is an important contributor to Montenegrin economy, being considered the main pillar of the future growth, facts that make Montenegro an interesting place to develop a business for both domestic and foreign ...

Open Business in Montenegro
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Podgorica

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Podgorica, Montenegro. Alternatively you can incorporate your company without traveling to Montenegro.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Montenegro.