Basic checklist for a company incorporation in Montenegro.
In Montenegro, it is not that difficult to set up a company and start making business. The most common type of legal entity is a Limit Liability Company (LLC), which is in Montenegrin DOO (Drustvo s Ogranicenom Odgovornoscu). However, also among others options, you can consider entrepreneurship, the general partnership, a limited partnership or a joint-stock company.
It usually takes approximately 2 to 5 days to set up a standard LLC company from the day of application. The following process is typically executed on your behalf by a local accountant or a lawyer (through a notarized Power of Attorney). You as the owner do not need to be in Montenegro for the establishment. A professional accountant usually maintains the company books after the incorporation is finished and can act as well as your tax advisor. If you want to be confident in the services offered, be aware that only certified accountants can provide and ensure the quality of the company registration process.
Here are the steps that need to be done for getting the company opened:
As a result, they will provide you with the following set of documents:
Depending on the type of activity codes in the company, the entity might be subject to specific licensing requirements, for example for hygiene in case of a restaurant, for tourism in case of a travel agency, engineering licenses in case of building companies.
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