General Information About Montenegro
Montenegro is a strategically located country in the southeastern Balkans, on the coast of the Adriatic Sea. Its neighbors include Serbia, Kosovo, Albania, and Croatia. The capital city is Podgorica, and the country stands out with both its history and natural beauty.
History and Culture
Montenegro has a rich history stretching from ancient times through the Ottoman period to Yugoslavia. It is especially notable for its Orthodox Christianity, monasteries, and traditional Montenegrin folk music.
Nature and Tourism
Montenegro offers magnificent landscapes with its mountains, canyons, and the Adriatic coastline. Tara Canyon, Durmitor National Park, and Lake Skadar are some of the outstanding natural areas.
Tourism Highlights
The Bay of Kotor (a UNESCO World Heritage Site), the vibrant nightlife and beaches of Budva are among Montenegro's top tourist attractions.
Montenegro's Economy
The economy of Montenegro relies on tourism, agriculture, energy, and service sectors. The increase in tourism during the summer months is the driving force of the economy. Viticulture and olive cultivation are prominent in agriculture, while the energy sector is strengthened by hydroelectric and renewable sources.
Secure Investment Environment
Montenegro is a member of NATO and a candidate for the European Union. Thanks to its political and economic stability, it offers an attractive environment for foreign investment.
Establishing a Company in Montenegro
With its candidacy for European Union membership, low corporate tax (9%), free trade agreements, and simple company formation processes, Montenegro has become an advantageous country for entrepreneurs and investors.
- Access to the European Market: Direct access to the European market through EU membership
- Free Movement: Residence permit holders have the right to move freely within EU countries
- Low Tax: Competitive environment with 9% corporate tax
- Real Estate Investment Opportunities: Companies have the right to acquire unlimited real estate
- Easy and Fast Establishment: Company formation in 5–7 business days
Montenegro and Its Economy
Montenegro’s GDP reached 4.67 billion dollars in 2020. The population is about 626,000, and the capital Podgorica has 212,000 people. While the economy has shown steady growth in recent years, the number of newly registered companies increased by 42% in 2022.
Main Investment Areas
There is significant foreign investment in tourism, energy, agriculture, and service sectors. Information technologies and consultancy have also gained popularity in recent times.
Company Formation Conditions in Montenegro
Forming a company in Montenegro is easy and fast. The main requirements are:
- Compliance with laws and necessary licenses
- Registered office address and local bank account
- Minimum capital (1 Euro for d.o.o.)
- Tax and registry registration
- Defining management and shareholder structure
Types of Companies to Establish
Investors can choose different types of companies according to their needs:
Limited Liability Company (d.o.o.)
The most popular type. Requires low cost and minimum 1 Euro capital.
Joint Stock Company (a.d.)
Suitable for large investments. Requires 25,000 Euros in capital and has management board and audit requirements.
Sole Proprietorship
Formed by a single person, has low cost and carries personal liability.
Remote Company Formation in Montenegro
You can set up your company in Montenegro remotely through intermediaries, without needing to travel. This saves time and costs and offers quick and easy establishment.
Advantages of Remote Company Formation
No need for travel, processes are completed faster, and you can apply from anywhere in the world.
Cost of Establishing a Company in Montenegro
The total cost to establish a company in Montenegro depends on the company type, consultancy, and notary services. The lowest costs are seen in limited companies.
Grow with demresa: E-Commerce in Montenegro
Doing e-commerce in Montenegro with demresa offers a great opportunity for your business. It stands out with a rapidly growing online shopping infrastructure, a tourism-oriented customer base, and low competition. demresa globalizes your business with secure payment, easy order management, and logistics support.
