This post is a further guide to our main article on setting up a Montenegro company and provides a complete checklist of tasks and procedure for registering a Montenegro company.
In order to continuously improve activities and support the development of entrepreneurship and
business in Montenegro and the needs of the economy itself, the Ministry of Economy in 2019created a new program named – Program for Improving the Competitiveness of the Economy. The new program, which consolidates the existing efforts for the development of entrepreneurship and business sector, is aligned with the Economic Reform Program for the period 2019-2021 and the Development Directions of Montenegro 2018-2021. The total budget allocated for the implementation of the Program for 2019 is € 1,640 million, while the individual amounts, as well as the manner and dynamics of the allocation of support are defined by the individual program lines.
As a foreigner who has just arrived in Montenegro to open a business, there are many reasons why opening a local bank account should be one of the first things to check your to-do list.
This guide is only for foreigners in Montenegro. None of this applies to you if you’re a Montenegrin national. This is because the rules and standard practices that are applied to the Montenegrins are vastly different from those that are applied to foreign nationals – EU or otherwise.