Company Formation Service

With Work and Residence Permit

Boasting a straightforward registration process and friendly regulations for foreign investors, Montenegro company formation can open doors to the vibrant European market.

Incorporation of a Montenegrin LLC (DOO)

Price: €995 (incl. taxes and fees)


Incorporation of a Montenegrin LLC (DOO) + Work and Residence Permit

Price: €2100 (incl. taxes and fees)

Excellent
Based on 9 reviews
Erik Evrard
Erik Evrard
2024-02-22
Absolutely excellent service! A friend of mine referred me to Montenegro Digital Nomad Agency. I happened to be in nearby Dubrovnik and quickly arranged a meeting in Montenegro. I received very clear and transparent information about setting up a company in Montenegro, the tax benefits, and everything else involved. I decided to take that route, and the agency assisted me in the best possible manner. Dealing with notaries, the city council administration, a bank, and the tax office is all complex, especially when you don't speak the language, but there wasn't a single moment when I had to worry. At every crucial moment, I was accompanied by someone who advised me on what to do next, and I never felt overwhelmed by any red tape. The fees that the agency charges are very reasonable, especially in comparison with the value offered! I'm a very, very happy camper, and warmly recommend them to everyone else interested in setting up their own business in this tiny but beautiful country! Erik
Marty White
Marty White
2024-02-05
We were deciding between Corfu-Greece, Calabria Region-Italy, Dubrovnik-Croatia and Montenegro. All of these places were nice but it was the customer service from Jonathan and the exceptional customer service received from the Montenegro Digital Nomad Agency! This was a major life event change and we were very scared of the many unknowns associated with moving to another country to live and start a business. I'm embarrassed to say that we bombarded Jonathan and the team with so many questions, and they patiently answered them. Honestly, there were times when they could not drop everything to answer some questions, but they would tell us that they would research and get back to us in a timely fashion, and they did. Other countries that were mentioned above were slow to respond or would not even answer our questions unless you paid a deposit, or have already received your proof of retirement from either the United States Social Security Department or the United Kingdom's HRMC Department, or that you already received your FBI Apostille documents. The team assisted with a brief background of each of the main cities to help us determine the best location for our needs. Knowing which locations were more for the late-night parties versus us seeking a more family environment, helped in finding the correct home for our needs. All this before assisting in completing the required Montenegrin documents for our resident permits. We stayed 3 days during Christmas time to determine how the winters were here. We already knew we loved the spring and summer months. It was not crazy cold like other parts of Europe. It felt slightly colder than California but nowhere near a London, England winter. If you come for a few days to visit you should already be prepared to look for a place to live. It will be very helpful to secure a lease before returning home. Securing our first apartment here before returning home was extremely helpful and expedited the relocation process with the movers. The movers will negotiate a price with you if they know you are serious and already have the ship-to address. Happy to say that the whole process of moving and receiving approval for our resident permits just took 88 days. It was nice to stop having to pay the weekly Montenegrin Travel for our 90 day US passport stay. The main hold-up was not the fault of the team. It was receiving our FBI Apostille documents back in a timely fashion. Once you made the major decision to relocate but may not have decided on your final destination. I highly recommend starting the process of receiving your hard copy FBI Apostille and if you are married get your Marriage Certificate Apostille. We made the mistake of doing this within the 90-day visa stay in Montenegro and received the documents way later than we were promised by vendor. The team assisted in suggesting the best method to relocate my household items from the United States. Their team is highly responsive and consistently goes the extra mile to ensure customer satisfaction. Once we received our Residence Permits, Djordje, and the team assisted with gaining approval at the bank for us to receive our corporate bank account, personal checking accounts and, credit cards. Special thanks to Jonathan, Djordje, and the support team for their unwavering assistance in promptly addressing any doubts in providing timely updates. Delighted to report that both the boxes and the TV arrived in excellent condition. Highly recommend Montenegro Digital Nomad Agency for their efficient, one-stop shopping and customer-centric approach! Thank you!!!
T & C
T & C
2024-02-03
Montenegro had a special appeal to us and we wanted to obtain a resident permit. Jonathan’s firm was our best choice after several enquiries we decided to engage with Jonathan. Montenegro is a small country with lots of advantages and challenges, especially for non-European nationalities and during extraordinary COVID times Jonathan, along with his professional legal and accountable team, was able to navigate the legal framework and help us obtain residence permits successfully by resolving issues along the way. We highly recommend Jonathan to anyone who may be interested in Montenegro.
Anastasiia Gabuzova
Anastasiia Gabuzova
2024-02-01
Great experience with business opening and all the troubles with residency permits – we are pleased to work with Jonathan and his company
Svein Tjelta
Svein Tjelta
2024-01-31
Montenegro Digital Nomad Agency is a must know for anyone wanting to know Montenegro as newcommer. To reasons for that: 1.The wast nettwork it offers for help on every problem you stumble upon public or privat. 2. The professional trust and care that is the trade mark for this compani. I have received help on numerous occations and no problem are to big or to smaal for them. Its the best investment you can do to get on with life in Montenegro.
Sofya Aksenova
Sofya Aksenova
2024-01-30
We had a great experience dealing with Jonathan! nice website, clear information with all the details, punctuality and friendly communication!
Yuri Nakshin
Yuri Nakshin
2024-01-30
Absolutely awesome experience with Jonathan. Held my hand during the whole pretty cumbersome process of buying an apartment in the Kotor area. He knows alls ins and outs and all the right people. Highly recommend his services to anybody who needs anything in Montenegro
Al Laycock
Al Laycock
2024-01-30
I worked with Jonathan and team to establish a UK-owned company in Montenegro. He was helpful, proactive and a very valuable guide to navigating the business and regulatory landscape in the country for both immigration and visa issues and company formation. Highly recommended!
Imran Salahuddin
Imran Salahuddin
2024-01-30
I had a positive experience with the Montenegro Digital Nomad Agency. Their service is highly professional, and they demonstrate an excellent response time. Moreover, their transparency throughout the process was greatly appreciated. I would recommend their services to fellow digital nomads without hesitation.
Dasha Evstegneeva
Dasha Evstegneeva
2024-01-30
Having a residency in another country seems like chaos dealing with different papers. Here I didn't have to worry about it at all, I was just following instructions!

Getting Set Up Correctly

In Montenegro, you can register several types of companies, each with unique features and requirements. Your choice should align with your business needs and goals.

Navigating the company formation process in Montenegro is crucial. The government mandates detailed founding documents and registration forms. Ensuring these are completed correctly the first time is key, as changes can prove costly and time-consuming.

Following the successful company registration and registration of the Executive Director, the correct documentation must be prepared for the work and residence permit application.

Types of Montenegrin Companies

Montenegro offers a variety of entities to choose from when starting a company. Here are the most popular options:

Društvo s ograničenom odgovornošću (DOO)

A DOO is a limited liability company (LLC) and is the most common choice for small businesses due to its simplicity and low capital requirements. A DOO requires at least €1 in founding capital and can be owned by 1 to 30 shareholders, either individuals or legal entities, local or foreign.

Akcionarsko drutvo

This is a joint-stock company requiring at least €25,000 in founding capital. It has more stringent rules, including appointing a board of directors and an auditor.

Ortako drutvo and Komanditno drutvo

These are general and limited liability partnerships, respectively. In an Ortako drutvo, all partners maintain full liability for company debts, while in a Komanditno drutvo, limited partners are only liable for the amount they invest.

Pricing

The total cost to register a Montenegrin company can vary with different service providers. At Montenegro Guides, we believe in certainty and transparency. Our price is fixed, so we guarantee there won’t be any unexpected increases throughout the process.

It’s important to note that Montenegro welcomes foreign investors with the national treatment of foreign investors, meaning you have the same rights and obligations as Montenegrin citizens and companies. You are guaranteed a simple registration process that can be completed remotely and in 2-4 weeks.

Incorporation of a Montenegrin LLC (DOO): €995 (incl. taxes and fees)

  • Option to pair with residency and work permit
  • 100% remotely incorporated
  • 1-2 weeks incorporation
  • Company bank account (if paired with a work/residence permit)
  • Free registered agent for the first year

Incorporation of a Montenegrin LLC (DOO) + Work and Residence Permit: €2100 (incl. taxes and fees)

Incorporation of other types of entities: contact us for a quote

  • Comes with comprehensive legal advisory
  • Option for recruiting assistance
  • Option for banking and financial services assistance
  • Import and export registry
  • Warehousing and commercial real estate advisory

More services

Once you have registered your company through us, we will ensure you are connected with the right partners and network. We also offer services to ensure that your company is in good standing.

Registered agent and mailing services: €20 per month

Change of company purpose: €160

Accounting, bookkeeping, and tax filings: From €121 per month

General advisory services: €49 (1 hour consultation call)

The Process of Registering a Company in Montenegro

The steps below outline everything that we do for you. When working with us, we count on you to provide us with the necessary personal documents, and we handle the rest remotely.

  1. Sign a power of attorney: we require authorization to act on your behalf and will need you to send us a signed, notarized, and apostilled power of attorney. 
  2. Select company name: you provide us with a company name, and we will register it within the Montenegrin central business registry. 
  3. Filing paperwork: we translate and file all required documents to establish your business.
  4. Arrival in Montenegro: once all have been registered, you are welcome to arrive in Montenegro, or you can choose to do your business with your company remotely. 

The Process of Applying for a Work and Residence Permit in Montenegro

  1. Complete all of the Company Registration steps above.
  2. Provide us with a Certificate of No Criminal Record (with Apostille) from your home country.
  3. Provide us with a copy of your Diploma and Transcript of Grades.
  4. Obtain proof of accommodation in Montenegro (12 month lease agreement, notarised).
  5. We translate and prepare all of your documents for the work and residence permit application.
  6. Application assessment: The Montenegrin authorities will assess your application and, if approved, will provide you with a residency permit. 
  7. Pick up your residency card: You will go with our legal team to pick up your residency card. 
  8. Our accounting team will prepare the required documents to open your company and personal bank accounts.
  9. You can now live your dream Balkan life by the sea and operate your company!

(Please Note: Apostille is not required for documents from certain countries. We will advise if this applies to your country or not)

Q&A

What’s the yearly cost of running a company?

Not including the salary paid to the executive director, annual operational and good standing costs amount to €2,000-€3,000.

Which payment processors are available for my company to take credit card payments?

Currently, the range of payment processors isn’t as extensive as you might expect from larger countries. However, we have options to help you send and receive online and credit card payments. 

Is a holding company required to rent office space?

You must have a mailing address (registered office). However, you do not need to conduct any activities from this address.

Can your firm manage the ongoing accounting needs of my company?

We refer clients to our trusted accounting partner. You aren’t obliged to use their services, but if you choose, you can take advantage of our pre-negotiated preferential rates.

I want to import/export from Montenegro. Can I do this easily with my company?

You would need an import/export license. We can help you register for this.