Archive 19 октобра, 2015

How can you draw-up a residence permit in Montenegro?

How can you draw-up a residence permit in Montenegro?

Read This To Find Out Why

Keeping in mind that Montenegro is on its way to the EU, it certainly is an attractive place for doing business. Montenegro, which will soon become a member of the EU, offers very loyal conditions to the foreigners for obtaining residence permits and registration of permanent residence in this country is possible after five years of permanent residence. Citizenship can be obtained after another five years (or three, provided the marriage with a citizen of the country).


That is why those who want to reside in the EU in the long term, choose Montenegro to start.


Why Register A Company In Montenegro

Why Register A Company In Montenegro

For people wanting to start a new business, Montenegro is a smart choice.

Montenegro offers great tax incentives due to its favourable tax regime and its wide network of double tax treaties.

  • Currency : EUR
  • Government : republic
  • Unemployment rate : 14.70%

    tax in montenegro

    tax in montenegro

  • Corporate income tax : 9%
  • VAT (basic rate): 19%
  • VAT (decreased rate): 7%
  • Tax return : yearly
  • Dividend tax : 9%
  • Types of company: Limited liability company, Joint-stock company
  • Registered capital : Limited liability company, 1 EUR, Joint-stock company, 25000 EUR
  • Incorporation process duration : 7 – 14

These tax incentives together with so many other incentives offered by Montenegro, render Montenegro the ultimate international business centre of our planet!

Investors may freely transfer money into Montenegro, and freely transfer money out of Montenegro, without restrictions.

Montenegro offers a basket of incentives including the low tax on the net profits and the

Consultant Services Montenegro

Consultant Services Montenegro

double tax treaties.

We will guide you through the process of registering your company and establishing your registered identity.

Complete and submit our application form online.

In providing this information, it is our prime intention to contribute to the effort of Montenegro to become an even more successful international business centre for the benefit of foreign investors and to the Montenegro economy.

If you need some more info, e-mail us 

Mob: 00382 69 590 433

Procedure of company formation in MONTENEGRO

Sveti Stefan Montenegro

The procedure of company formation a Montenegro

The procedure of establishment of companies from Montenegro can be completed in a maximum of one week, and that it immediately begins operation.

The company SELECTA offers you complete guidance and assistance necessary to incorporate a company in Montenegro.

The process of forming a company in Montenegro is simpler than you think, and SELECTA consulting specialized for you guides you every step of the way.

Fill out our simple form and register Montenegro online with us today.


In addition to the questionnaire to the client, you will need to send us an e-mail the following information and documents in order to begin the registration process:

  • 3 options of the Name– The recommended name must not be identical and / or similar to the name of another company in Montenegro. Furthermore, according to the law, any offensive name will also be rejected.
  • Company’s Nature– Company activities – What will be the main activities of your Montenegrin company.
  • Owners– The names and details of the beneficial owner, which may be the same as officers and / or shareholders of the company Montenegro.

The procedure is simple and fast. We describe it in stages

Step 1: Decide

Perhaps this step is the most important and the most difficult. Carefully browse our website, if you have any questions, please contact us via the contacts listed on our website. Please continue with the following steps only if you have already clarified all the issues with our help and we decided to proceed with the registration of the company in Montenegro. Respect your time and ours.

Step 2: Fill out the registration form.

The form presents the data to be processed, such as:

1 – First choosing the name of your future company in Montenegro.
2 – Determining the founding capital of companies in Montenegro. The minimum allowed amount of share capital is 1 EUR.
Step 3 –  Pay for our services

Step 3: Pay for our services

Payment for our services is divided into two parts, the first part, before arriving in Montenegro, the second part, upon arrival in Montenegro. See our price list. Take a look at the three options we offer for company registration. The scope of work to be done varies, and so does the size of the advance.

The first variant of company registration (at the price of „Start“) – before your arrival is not completed; the total costs of our services are paid upon arrival in Montenegro.

Another variant of the registration company (the price „Basic“) – we need you to find accommodation and arrange a transfer. We want to make sure that it will not work in vain, and you are really coming to Montenegro. Therefore, the subscription is 200 euros; The total price of our services to be paid on arrival in Montenegro

The third variant of the registration company (the price „Exclusive“) – add some additional services that require previous organization, especially we have to find an interpreter language. The advance is 300 euros; the total price is paid upon arrival in Montenegro.

* The payment order is relevant if you plan to come to Montenegro in person to register a company. In our opinion, this is a more suitable option for you. There is also the possibility of registering a company through a proxy. In this case, the total price is paid as a deposit.

Step 4. To register a company we need the following documents:

Certified copies of passports. It is convenient to confirm and translate them in Montenegro, because it is more complicated to do it abroad.

 If you arrived in Montenegro in person, you do not need additional documents. In the case of remote company registration, we need the approval of the company founder on behalf of the employees.

Upon completion of the preparatory phase, the company is registered in the Central Register of Business Entities of Montenegro and registered with the tax and statistical authorities. These processes, including company registration, usually do not take more than 7 days.

Step 5. Residence permit

After registering the company, we can form a package of documents to obtain a residence permit. A residence permit is issued within 30 days. You need to know the visa issue: at the entrance to Montenegro, depending on your citizenship, you have the right to stay in the country for 30 to 90 days. If your visa expires in 30 days (for example, Russian citizens), the visa expires before they receive a residence permit, you can stay for more than 30 days if you have submitted documents for a residence permit.

Step 5. Opening a bank account

The procedure of opening a bank account can be completed in 1-3 days. See procedure in more detail.

Step 6: Inform the competent inspection

The last step in the process of establishing a company in Montenegro is to inform the competent inspection body and the municipal body responsible for economic affairs.

If you need additional information, send us an e-mail at
Mob: 00382 68 355 501

Representative Office Montenegro

Representative Office Montenegro

Like in any other country, a representative office provides a presence in Montenegro, to promote your company and your products

What’s the cost of a Representative Office in Montenegro?

As usual, it depends from your goal – do you want to impress your customer with an luxurious office in downtown Podgroica? Or a virtual office is enough? However some basic rules are always true.

Knowing the  bureaucracy I strongly suggest to use a consultant if you can afford it.  Price depends but I believe that they will not charge less than Eur 500 including setup taxes.

Kotor Montenegro

Kotor Montenegro

You need a registered address in Montenegro. You can rent an office, but the law allows using a cheaper virtual office as well.


If you need some more info, e-mail us 

Mob: 00382 69 590 433