Why Start a Business in Montenegro? Key Advantages & Setup Guide

Montenegro is a prime destination for entrepreneurs looking for low taxes, easy business setup, and access to global markets. Here’s why forming a company in Montenegro is a smart move:

Advantages of Setting Up a Company in Montenegro

• Global Invoicing Capability: Your Montenegrin company can issue invoices worldwide, making international trade seamless.
• Future EU Benefits: Once Montenegro joins the EU, you could enjoy visa-free travel, free trade, free residence, and work opportunities.
• No Residency Requirements: There are no mandatory stay requirements after setting up your company.
• Low Corporate Tax: Enjoy one of Europe’s lowest corporate tax rates at just 9%.
• Path to Permanent Residency: Renew your residence permit for 5 years, and you may qualify for permanent residency.
• Family Inclusion: Your family members can be included in your residence permits.

Fast & Simple Company Formation Process

• Quick Setup: Business registration in Montenegro takes just 4-8 working days.
• Minimal Capital: You can start a company with only €1 in capital.
• Required Documents:
  • Photocopy of passport
  • Criminal record certificate
  • Power of attorney
  • Company name
  • Residential address and mobile phone (from Turkey)
  • Diploma/transcript photocopy
• Remote Setup Option: You don’t need to be physically in Montenegro—company registration can be completed via power of attorney.
• No Activity Checks: The government does not monitor whether your company is actively operating, allowing you to hold the business for future opportunities.

Accounting & Insurance Costs

• Monthly accounting and insurance fees for an inactive company range from €200-250.
• Proper financial record-keeping is essential to ensure compliance.

Additional Benefits of Doing Business in Montenegro

• Free Trade Agreements: Montenegro has agreements with the EU, EFTA, CEFTA, Turkey, Russia, and Ukraine, boosting trade opportunities.
• Equal Business Rights: Foreign-owned companies enjoy the same rights as Montenegrin citizens.
• Low Real Estate Tax: Property purchase tax is only 3%.
• Business-Friendly Environment: Montenegro is known for minimal bureaucracy and straightforward legal procedures.
• Strategic Location: Enjoy easy access to European markets and global business centers.
• Thriving Tourism Industry: With millions of visitors each year, Montenegro offers excellent opportunities for hospitality and service-based businesses.

Get Expert Assistance for Your Business in Montenegro

Starting a business in Montenegro is fast, affordable, and full of potential. However, legal requirements and regulations may change over time. To ensure a smooth company formation process, consult a local advisor or legal expert.

Need help setting up your company in Montenegro? Contact Violet Investment today for expert guidance!