How much costs a Company Registration Formation in Montenegro

Content - Company Formation Montenegro

The standard Montenegrin Private Limited Company is the d.o.o and is very similar to a private limited company in UK or other EU countries.

• The company formation procedure by it self normally takes 5 - 7 working days and is a hassle free process.
• An alternative would be aquiring a ready made "doo" company.

How long does it take to form a company in Montenegro ?

• 6 - 12 working days

Hou much are the costs of a company formation in Montenegro ?

COMPANY REGISTRATION STEP 1:

• Standard Package: 990.00 Euro

• Complete " Company Setup " will be done 5 to 7 working days

1. The price includes complete registration of a limited company (d.o.o.) in your name.
2. Preparing documents for Power of Attorney (Stamping, Translation)
3. Translation of all papers from your home language into Montenegrin / Serbian Language
4. Research of free, available Company Name
5. Drafting of Articles of Incorporation
6. Certificate of Incorportion (d.o.o) - Company Statut, Clans ect. by registred Lawyer in Montenegro.
7. Filing of incorporation documents at the Company Registry in Podgorica
8. Tax Vat (PDW / PIB) Registration - Apply for the tax number after the statutes are signed
9. Registration of Company at local Municipal
10. StartUp Training - General Formation Consulting - 2-3 hours intensive single seminar with pro and cons incorporating in Montenegro. (English Language)
11. F & Q Analyse - depending on your company construct and needs. (Ex Import, Property, Factory, Production, Touristic ...)
12. Opening a private and company Bank Account (incl. VISA & Maestro Credit Cards / Internet Banking)

How to get a temporary residency & work permission ?

• Work Permission incl. 12 month residence inclusive all paper works for social security, insurance, approval and registration.

COMPANY REGISTRATION STEP 2:

• 790,00 Euro (including all costs)

• Duration 12 - 15 days for full process. 

1. Registration Private Residence at Local Municpal incl. Tourist Tax Payment for 30 days
2. Registration of Private Residence at Local Police Station inc. Translation of Passport
3. Applying for private Bank Account incl. Statement of "Good Standing"
4. Register Company Director Private Income Tax, & Social Security (Health / Pension) 
5. Registration of private address of Company Director
6. On Request: Register Employees Private Income Tax, & Social Security (Health / Pension)
7. Registration of local Company Office
8. Notify Company Inspection Office of Registered Office

Time Frame: After you have been incorporated a company in Montenegro and you are the main Company Director you must apply for a work permission & temporary residency for 12 months.

1. It can take up to 20 days and is depending of your home country.
2. For EU citizens approx 12 working days.
3. Several papers must translated.
4. Temporary Residence: 12 Months basic registration at local Municipal & local Residence Department.
5. Permanent Residence: You will getting a social security card, national ID card with your photo on it. Fingerprints and new passfotos needed to be approved at local police station.

INFO: Paying all fees and taxes from your monthly directors salary of 300 Euro will leave a net income of approx 220 Euro.

Extra Fees:

• Local Company Director: 100 - 400 Euro per Month (if you dont want to be the director)
• Book keeping, Accounting: 50 - 150 Euro per Month (average)
• Office Rental Registered & Postbox: 100 - 500 Euro per Month
• (depending on location and Square Meters, Telephone, Internet)
• Rental / Leasing Car: 500 - 800 Euro p. month (based on short term car rental 30-90 days)