How to set up a company in Montenegro

A presentation brought to You by BridgeWest.eu

Company Types in Montenegro

• limited liability company

• joint stock company

• general partnership

• limited partnership

• sole trader

Limited Liability Company

• The minimum share capital is 1 EUR

• The company can be established by at least one member and maximum 30

• The decisions are taken by the General Meeting of the Shareholders.

• The directors should be appointed by this meeting

Joint Stock Company• The minimum share capital is about of 25.000

EUR

• The minimum share capital is divided in stocks

• The company must be established by at least two members

• The general meeting should appoint a board of directors and an auditor to check up the company's books

General Partnership

• This type of company can be established by at least two partners

• There is no minimum share capital required

• The partners are liable to company's debts and obligations

Limited Partnership

• The company can be established by at least two partners

• The company do not require a minimum share capital to be established

• There is two types of partners general and silent partner

Sole Trader

• The company can be established by at least one person

• The person is fully liable for company debts and obligations with his own properties

Steps for company registration in Montenegro

• Providing the company’s denomination

• Providing a set of identification documents

• setting-up a the bank account for the share capital

• submitting the registration documents with the Company Registry in Montenegro.

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and directors

• setting-up a bank account for the injection of the share capital

• submitting the company registration file with the Company Registry in Montenegro

Requirements for Company  Formation in Montenegro

• Any person of any nationality or residence can be a shareholder in a Montenegrin company

• The Board of Directors can be comprised of one member

• The company must hold a local registered office

Services Provided for Company Registration in Montenegro

• drafting the Articles of Association

• offering a Registered Office in Montenegro

• setting up a share capital bank account

• recommending an Montenegrin accountant

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.companyformationmontenegro.com

Ph./Fax: (+44)203-287 0408