Find in this video the costs associated with starting a business in Montenegro. You can visit us at https://www.lawyersmontenegro.eu/ for additional information.
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Starting a Business in Montenegro
Opening a company in Montenegro implies considering various aspects.
Among these, the costs associated with the registration of a business are quite important.
Steps for Opening a Company in Montenegro
There are several steps to complete when opening a Montenegrin business, and these are:
– drafting and notarizing the incorporation documents;
– making a company seal;
– opening a bank account;
– incorporation with the Trade Register.
Main Costs of Opening a Business
The following costs can be associated with the incorporation of a Montenegrin company:
– the drafting and notarization of various documents;
– the translation of papers in the case of foreign investors;
– the company seal;
– the registration fee;
– the licensing fees.
Costs Related to Documents Preparation
There are various documents that need to be prepared when starting a business in Montenegro.
Among these, the Memorandum and Articles of Association are subject to drafting and notarization fees which vary from city to city.
Legal Address Costs in Montenegro
Having a legal address is a mandatory requirement when starting a company in Montenegro.
This can be secured by purchasing or renting a commercial space, or through a virtual office.
Share Capital Requirements
The share capital is one of the major costs related to starting a Montenegro company.
The minimum amount necessary depends on the selected business form.
Trade Register Fee
Montenegrin companies are subject to a registration fee upon incorporation.
The fee must be paid with the Companies House upon filing all the documents.
Business Start-up Services in Montenegro
If you need assistance in registering a company in Montenegro, we can help you.
You can also rely on our law firm in Montenegro for many other legal services.