eRegulations Montenegro

Business registration

The main characteristic of this form of registration includes a natural person that:

performs business activities on his own account for the purpose of gaining profit;
is liable with all its property for business activities;
has to be registered within Central Registry of Business Entities for statistical purpose.

According to Montenegrin Law on crafts, crafts are divided into two main categories: simple and complex crafts. There is no difference in the registration process, however, in order for one to operate a complex crafts business, a vocational high school diploma is required. Please, click here to see complete list of activities that fall under crafts category as per Decision on crafts, activities similar to crafts and the list of simple and complex crafts passed by the Government of Montenegro on 10 September 2010.

This procedure is focused on registering an entrepreneur for trade of non-edible products. Montenegrin Law on internal trade defines the types of activities that are considered to be trade. Please, click here to see complete list of activities that fall under trade category as per Law on internal trade passed by the Government of Montenegro on 29 July 2008.

Hospitality services are regulated by the Law on tourism. Please, click here to see the complete list of activities that fall under hospitality category as per Law on tourism passed by the Government of Montenegro on 12 October 2010.

Limited Liability Company

A Limited liability company is a most common form of business registration in Montenegro. Its main characteristics include:

Can be founded by natural or legal persons (up to 30);
Founders are responsible for company’s obligations up to the amount of their deposits;
The minimum amount of initial capital is 1.00 Eur;
It has to contain “LLC” designation in its name;
Owners of the LLC have shares which represent percentage of capital in the ownership.

This procedure is focused on registering LLC for trade of non-edible products. Montenegrin Law on internal trade defines the types of activities that are considered to be trade. Please, click here to see complete list of activities that fall under trade category as per Law on internal trade passed by the Government of Montenegro on 29 July 2008.

Branch of a foreign company

A foreign company branch shall be a branch of a company established and registered outside of Montenegro which performs business activity on the territory of Montenegro. According to Montenegrin Law on business entities, a branch of a foreign company is in legal terms inseparable from its parent company, hence a 100% foreign owned company is allowed to exist and operate in Montenegro.

This procedure is focused on registering a branch for trade of non-edible products. Montenegrin Law on internal trade defines the types of activities that are considered to be trade. Please, click here to see complete list of activities that fall under trade category as per Law on internal trade passed by the Government of Montenegro on 29 July 2008.