Start My Business

4.9 Trusted by 350+ Founders

Company Formation in
Montenegro made EASY

Incorporation packages for freelancers, entrepreneurs, and retirees from Montenegro’s most trusted advisors.

  • Swift Done-For-You Company Registration
  • Bank Account Opening Assistance
  • Effortlessly Obtain Montenegro (Tax) Residency
  • Full Service Bookkeeping & Accounting
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Fully-Guided COMPANY REGISTRATION

Local experts you can trust

Expertise matters - especially in a foreign country. Work closely with our incorporation experts on the ground in Montenegro. Receive support via e-mail or phone.

Pre-submission review

Twenty percent of applications are rejected - not yours! We’ll draft and review your documents thoroughly before sending them to Montenegro’s Company Register.

Long-term visa support

We’ll assist you in obtaining a residence permit - for yourself and your family - so that you can stay and work in Montenegro legally.

Swift startup procedure

Get your limited company, sole proprietorship, or other legal entity set up as swiftly as possible. We’ll advise on the ideal structure for
your business.

One-stop shop

We ensure that all aspects of you moving and starting a business venture in Montenegro work together like clockwork, providing you with peace of mind and the freedom to focus on more exciting tasks.

For entrepreneurs STARTING SCALING their business

Self-employed Individuals

Many of our clients are freelancers, contractors, and self-employed consultants, offering their services in person or over the Internet to a global audience.

accounting in montenegro our customers 2

Traders and Property Investors

Want to take advantage of Montenegro’s favorable tax regime and real estate investment opportunities? We help you get set up the right way.

Second Residency Searchers

Whether you’re relocating for retirement, tax residency purposes, or for having a Plan B in case things get tough, we help you secure the right visa.

Your quick path to STARTING YOUR BUSINESS OBTAINING RESIDENCY in Montenegro

Schedule a free consultation

To start working with us, we’ll have first to evaluate if we are a good fit for each other. In the discovery call, we’ll discuss:

✓ Your Personal Background
(Country of citizenship, criminal convictions history, academic qualifications, and a few other details)

✓ Company Information
(Desired company name, planned business activity, business entity type, shareholder information)

🕛  15 Minutes

Step 1

We register your business

We handle all the required legal formalities to officially establish your limited company with Montenegro’s Company Register.

✓ Power of Attorney
(Upon receiving your personal details, we’ll create a power of attorney that you’ll have to notarize and authenticate)

✓ Memorandum and Articles of Association
(We'll draft and submit the Memorandum and Articles of Association in order to register your business)

✓ Registered Business Address
(Our company formation packages include a free registered office address for securely receiving all of your business mail)

🕛  1 week (on average)

Step 2

We help you apply for a residence permit

As the director of a Montenegro-based company, you are legally required to obtain a temporary work and residency permit.

✓ Residency Application
(Gather and translate all essential documents, obtain Montenegrin health insurance, get your diploma recognized, provide proof of accommodation)

✓ Tax Residency
(Take advantage of Montenegro’s low personal income tax rates by claiming tax residency status)

✓ Family Reunification Visa
(Having a temporary residence permit allows you to bring your spouse and underage children to Montenegro as dependents via family reunification)

🕛  14 days (main applicant)
       28 days (dependants)

Step 3

Set up your Montenegrin bank accounts

Once you have established your company and obtained residency, you can apply for a Montenegrin bank account with one of our partner banks.

✓ Bank Introduction Service
(Get access to a multi-currency business account for your company with one of our banking partners)

✓ Individual Bank Account
(Receive your monthly paycheck in your SEPA-enabled Montenegrin bank account)

🕛  3 - 5 business days

Step 4

Run & grow your business

With your Montenegrin company fully set up, you’re ready to take advantage of Montenegro’s business-friendly tax system.

✓ Additional Services
Keep your eyes on the prize and focus on the exciting stuff by outsourcing your bookkeeping and accounting duties to us.

Step 5

Find the best business structure for your needs

LLC

A limited company (D.O.O.) is
the most popular business
type in Montenegro, offering personal liability protection
and flexibility.

Nonprofit

Establish a charitable nonprofit to provide a way for members and supporters to work together for the common good.

Sole Proprietorship

Start doing business quickly as a solopreneur without establishing a separate egal entity but with no liability protection.

  • Limited Liability Company (LLC)

Advantages

  • You can start a limited company with just one person, acting as the sole shareholder and director
  • It is relatively inexpensive and easy to form, with a minimum startup capital of just 1€
  • Recognized globally and preferred by investors

Taxation & Asset Protection

  • One of the biggest draws of establishing an LLC is the personal asset protection this business type provides you as the owner
  • Limited companies are taxed favorably in Montenegro, with tax rates ranging from 9% to 15%

Disadvantages to consider

  • Double taxation: a D.O.O. is taxed at the corporate and again at the shareholder level
  • Can involve more complex administration, recordkeeping, and reporting

Start My LLC
  • Nonprofit

Advantages

  • The majority of Nonprofits in Montenegro are eligible for federal tax exemption while their donors receive a ‘contribution deduction’
  • Some Nonprofit organizations qualify to receive public as well as private grants as a means to finance themselves

Taxation & Asset Protection

  • You’re not personally liable for business debts incurred by the Nonprofit
  • Tax-exempt in Montenegro under the National Revenue Code

Disadvantages to consider

  • Nonprofits are now allowed to distribute profits to their members
  • They require a board of directors and have strict rules about holding board meetings

Start My Nonprofit
  • Sole Proprietorship

Advantages

  • Sole proprietorships are one-man enterprises, offering complete control and decision-making power to their sole individual owners
  • The simplest form of business structure in Montenegro, allowing for transformation into a limited company in the future

Taxation & Asset Protection

  • There are no corporate income taxes; sole traders are just taxed at the personal level
  • Sole proprietorships are personally liable for business debts and liabilities

Disadvantages to consider

  • There is no legal separation between you as the owner and your business, making raising capital more difficult. Sole traders cannot sell shares to finance themselves
  • Sole proprietors must pay personal income tax in monthly installments

Register My Sole Proprietorship

Choose the right plan for your business

Pricing Table
You can pay for our services in $, € and £. When paying in a different currency: The exact price you pay depends on the rate and fees your bank applies.
€ EUR
Show All Plans Self-Employed Barebone Company LLC + Residency LLC + Residency + Accounting

Sole Trader

Set up as a sole proprietorship and receive all legal paperwork, including residency visa

€1,087 EUR
one-time payment

+ VAT

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Sole Trader includes:

CRPS name checking
Sole trader application, including government fee
Certificate of Registration
Bank account opening assistance
Registered business address for 1 year
Assistance with residency application
Business stamp
Notary fees

Additional Services:

Family reunification visa (352€ per person)
Tax Residency Certificate (302€ per person)
Diploma recognition (302€ per person)
VAT registration (152€)
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Basic

For those already having a Montenegro office address seeking to open a bank account on their own

€595 EUR
one-time payment

+ VAT

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Basic includes:

CRPS name checking
Articles of Association (drafting & filing), including government fee
Memorandum of Association
Certificate of Incorporation
Corporate stamp
Notary fees

Additional Services:

Family reunification visa (352€ per person)
Tax Residency Certificate (302€ per person)
Diploma recognition (302€ per person)
VAT registration (152€)
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Most Popular

Starter

Limited company (D.O.O.) with business address, residency ID, and bank accounts

€1,148 EUR
one-time payment

+ VAT

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Everything in Basic, and:

Bank account opening assistance (business & individual)
Registered business address for 1 year
Registration with Montenegro’s social security system
Assistance with residency application for 1 company director

Additional Services:

Family reunification visa (352€ per person)
Tax Residency Certificate (302€ per person)
Diploma recognition (302€ per person)
VAT registration (152€)
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Fully Compliant

For those seeking to have their first year covered - includes one year of accounting services

€1,981 EUR
one-time payment

+ VAT

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Everything in Starter, and:

Full-service bookkeeping & accounting for 1 year
Monthly payroll for 1 director
Self-assessment tax return for 1 director
Ad-hoc tax advice

Additional Services:

Family reunification visa (352€ per person)
Tax Residency Certificate (302€ per person)
Diploma recognition (302€ per person)
VAT registration (152€)
Buy Now & Save

Don't take our word for it, TAKE THEIRS

Incorporated in 2009, we’ve worked across the nation and assisted hundreds of newcomers to Montenegro, connecting them to local communities and kickstarting their new lives and businesses.

Adriacom has been amazing at helping us set up all the things necessary for our new, peaceful lives in Montenegro in an easy and compliant way. They are 10x times better than previous service providers we had used in Portugal. They are flexible and open to assist with other areas such as housing and education, which is amazing!

Thomas & Cathy Mclntosh

Freelance Webflow Designers

The power of Adriacom lies in the team’s ability to swiftly adapt to challenges and anticipate problems before they occur. This has saved me lots of money and resources. I’ve been a client for over 5 years and I just can’t see myself running my small online business without them at this point.

Alexander Volkov

CEO, Data Analytics Expert

Honestly, it’s quite a joy working with Adriacom (...) I would recommend them to everyone seriously eyeing a move to Montenegro. They nail customer service on a different level. Me and my wife love them. It’s truly remarkable how quickly we were able to adapt to our new happy lives.

Nicholas Meyer

Online Language Teacher

My personal income tax rate has decreased to 15% (from previously 45%) by obtaining residency in Montenegro. My money goes a long way here, and even if I am not a big spender, I am finally able to save significant portions of my income. I am forever grateful for Adriacom’s support and mentorship.

Frederick Aalberg

Copywriter and Blogger

Don't hesitate, go with Adriacom!

Robert Van de Graaff

Property Manager

Frequently Asked Questions

Everything you need to know about company formation in Montenegro

Is it possible to start a business in Montenegro without moving there?

When setting up a business in Montenegro, you’d also need to obtain a temporary residence permit as either the company director or sole proprietor. The residency application requires your personal presence in Montenegro. However, you can also run the business from abroad, coming at least once a year to renew your residence permit.

There is no minimum physical presence requirement for sole traders and company directors on an entrepreneur visa.

Even though you can establish your business via power of attorney, you’d need to come personally to Montenegro for your residency application, which takes 14 days to process, and again to pick up your residency ID and open your bank account(s).

Due to current visa regulations, we are only able to work with citizens from the following countries:

Albania, Andorra, Antigua and Barbuda, Argentina, Australia, Austria, Azerbaijan, Bahamas, Barbados, Belarus, Belgium, Bosnia and Hercegovina, Brazil, Brunei, Bulgaria, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominica, El Salvador, Estonia, Finland, France, Georgia, Germany, Greece, Grenada, Guatemala, Honduras, Hungary, Iceland, Ireland, Israel, Italy, Japan, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Micronesia, Moldova, Monaco, Netherlands, New Zealand, Nicaragua, North Macedonia, Norway, Palau, Panama, Paraguay, Peru, Poland, Portugal, Qatar, Romania, Russia, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Serbia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, South Korea, Spain, Sweden, Switzerland, Taiwan, Tonga, Trinidad and Tobago, Timor-Leste, Turkey, Tuvalu, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uruguay, Vanuatu, Venezuela, Vatican City (Holy See)

A limited company can be established with a startup capital of 1,00€ by just one person, who can also be the company’s sole shareholder and director. Every company in Montenegro needs a local bank account and a registered business address, which is included in most of our formation packages.

A limited company’s monthly running costs consist of payroll, bookkeeping, and accounting expenses:

1) Monthly payroll and salary taxes

The current minimum net wage that every non-college-educated company director of a Montenegro-based company must receive is 600,00€ per month, and the company has to pay 75,10€ in salary taxes and social security contributions. The salary has to be paid out each month from the company’s business bank account to your personal bank account. If you are employed in your company as a college/university graduate, you’ll have to receive a minimum net salary of 800,00€ instead, and on top of that, the company pays 127,00€ to the government in the form of salary taxes.

2) Bookkeeping and Accounting fees

We offer accounting services that cover payroll accounting, bookkeeping, invoicing, and company accounts with prices starting from 90,00 Euros (+VAT) per month.

Total

So in total, you are looking at a monthly fee of 184,00 Euros for running a limited company in Montenegro. The monthly salary is paid in full to the company director and is not considered a cost.

If you have already received your residency ID, you can also sponsor your married spouse and underage children to become temporary residents of Montenegro. The process requires the personal presence of all applicants at the immigration office in Montenegro.

While it is possible to convert a sole proprietorship into a limited company, it would involve renouncing your current residence permit and reapplying from the beginning. If you think of switching sometime in the foreseeable future anyway, it would be highly beneficial to opt for the limited company type from day one.

Limited companies in Montenegro pay corporate income taxes at marginal and progressive rates:

9% on the first 100,000€ of business income,
12% on the next 1,400,000€ of profits, and
15% on all remaining corporate income above 1,500,000€
Dividends are taxed at a rate of 15%.

The Value-Added-Tax (VAT) rate for most goods and services in Montenegro is 21%. If you offer services to foreign businesses over the Internet, usually these services will be zero-rated for VAT purposes and taxable at a rate of 0%. The VAT registration threshold in Montenegro is 30,000€ for both sole traders and limited companies. If your revenue exceeds this threshold over a rolling 12-month period, you must register for Value-Added Tax.

A foreign-owned limited company (D.O.O.) can only have one non-Montenegrin director for residency purposes, but can have multiple foreign shareholders (owners). The company director’s married spouse can apply for a family reunification visa. In the case of unmarried couples, one partner can act as the company’s director while the other can be a shareholder in the company and/or hired as a regular employee.

Due to the nature of Montenegro’s company law, we currently don’t have any ready-made shelf companies available for purchase.

There are no legal requirements to achieve a certain minimum turnover or profit for your limited company in Montenegro. However, even a dormant company would still need to be solvent enough to service the monthly accounting fees, the director’s salary, and the social security contributions.

Book Your 15-Minute Intro Call

Take the first step toward starting to build a quality life of mental well-being for yourself and your family in a safe and stunning region. Schedule an introductory call with us today, and let’s discuss how we can help you turn your vision into reality.

Book Me a 15-Min Call

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