Opening a company in Montenegro

Opening a business in Montenegro involves several steps and procedures. As of my last knowledge update in September 2021, here is a general overview of the process:

1. Business Idea and Plan: Start by developing a clear business idea and plan. Research the market, competition, and legal requirements for your chosen industry.
2. Choose a Business Structure: Select a legal structure for your business, such as a sole proprietorship, partnership, limited liability company (LLC), or joint-stock company (JSC).
3. Reserve a Business Name: Reserve your chosen business name with the Central Register of Business Entities.
4. Register with Tax Authorities: Register your business with the Montenegrin tax authorities (Tax Administration of Montenegro) to obtain a unique identification number (PIB) and register for tax purposes.
5. Open a Bank Account: Open a business bank account in a Montenegrin bank.
6. Obtain Necessary Licenses and Permits: Depending on your business type and industry, you may need to obtain specific licenses, permits, or approvals. This can include health and safety licenses, environmental permits, etc.
7. Register with the Commercial Court: Register your business with the Montenegrin Commercial Court. This involves submitting required documents, such as the company’s articles of association and other legal documentation.
8. Employer Registration: If you plan to hire employees, you need to register as an employer with the Montenegrin Labor Directorate.
9. Submit Documents: Submit all required documents to the relevant authorities, pay any associated fees, and wait for approval.
10. Get a Seal and Fiscal Cash Register: Obtain a company seal and, if applicable, a fiscal cash register for issuing invoices and receipts.
11. Social Security and Health Insurance: Register employees for social security and health insurance.
12. Start Operations: Once all legal requirements are met, you can start operating your business.

Please note that the specific steps and requirements can vary based on the type of business and any changes in regulations. It’s highly recommended to consult with legal and business professionals or a local business advisor in Montenegro to ensure that you complete all necessary steps accurately and comply with current regulations.

For the most up-to-date and accurate information, you should refer to the official Montenegrin government websites or consult with legal and business experts in the country.