Setting up a Company in Montenegro: First Steps and Process Guide
The process of setting up a company in Montenegro involves some important steps regarding bureaucratic procedures and required documents. In this guide, we detail all the steps and documents required for those wishing to set up a company in Montenegro.
First Steps When you decide to set up a company in Montenegro, the first thing you need to do is to choose the right type of company. The most common company types in Montenegro include Limited Company (DOO) and Joint Stock Company (AD). The Limited Liability Company is a suitable option for small and medium-sized businesses, while the Joint Stock Company is preferred for larger investments. Once you have determined your company type, you can proceed with the registration process.
Required Documents: The documents you need to set up a company consist of a copy of your passport, address details and application forms, which vary depending on the type of company. You may also need to submit a detailed business plan for your company. Preparing these documents completely and accurately is very important for the process to go smoothly.
Working with Local Authorities: Once you have prepared your documents, the process of communication with local authorities begins. In this process, you need to obtain the necessary approvals with local institutions such as the chamber of commerce and tax office. Our team manages this process on your behalf, facilitating the preparation and submission of documents. The process of working with local authorities in Montenegro is generally fast and transparent, but you may encounter some bureaucratic obstacles. This is where the guidance of our local experts can make a big difference.
Overcoming Bureaucratic Obstacles: The bureaucratic obstacles you may encounter when setting up a company in Montenegro are usually due to situations such as lack of documents or incorrect document submission. It is very important to work with an expert team to avoid such mishaps. Our team will be by your side to ensure that the necessary documents are prepared correctly and the processes are managed correctly.
After Company Establishment: After establishing your company, you will need to carry out procedures such as tax registration and opening a bank account. Opening a bank account in Montenegro is mandatory for the company to start its official activities. During the bank account opening process, banks will request company documents and your identity information from you. Our team also guides you in bank selection and account opening.
Conclusion Setting up a company in Montenegro can be a very easy and fast process with the right steps and documents. With the support of local experts, you can go through every step of this process smoothly and get your business up and running quickly. Setting up a company in Montenegro offers great advantages with low tax rates and foreign investor-friendly policies.