Create a company in Montenegro

Are you looking to create a company in Montenegro?

The following will be covered in this article:

1. Why create a company in Montenegro

2. Cases in which a company in Montenegro is NOT appropriate

3. My lawyer’s fees to create a company in Montenegro

 

1. Why create a company in Montenegro?

  • Foreigners can own a company in Montenegro. 

  • A 9% corporate income tax rate, and 9% dividend tax – amongst the lowest in Europe.

  • A good way to claim back VAT on some real estate transactions in Montenegro, thus saving a lot of money.

  • Owning a company, appointing yourself as the director, and paying yourself the minimum wage (about 320 euros) qualifies you for residency. So yes, moving to Montenegro is not only lovely, but easy as well.

2. Cases in which incorporating in Montenegro is NOT appropriate

Some offshore incorporators will try to sell you a Montenegro corporation as a great offshore structure. It’s not.

The reality is that it is appropriate only for:

  • People who live in Montenegro and want to use the structure for their business internationally.
  • People who want to use the company to obtain a residency visa
  • People who want to do business in Montenegro.
  • People who want to optimize taxes when buying real estate. If you purchase a new apartment or building in Montenegro using a company, you can claim VAT back. This can have a very quick return on investment. For an article on real estate in Montenegro, click here.

If you live in Montenegro and have an online or offshore business, then it might work for you, but the reality is that banking in Montenegro is quite bureaucratic. You’ll be expected to physically go to the bank on a regular basis to deal with issues. So if you are in Montenegro, it’s fine. But if you live far away, it’s not a good option.

3. My lawyer’s fees to create a company in Montenegro

My lawyer in Montenegro is really great. He’s reasonably priced, speaks English, German and Montenegrin fluently.

 

Extra Services

Price

Business bank account opening150
Personal bank account opening€150

 

A Word of Caution

I am not an expert in company formation. I just have a great network of people who can get things done at fair prices thanks to all the travels and deals I’ve done internationally. My lawyer in Montenegro is an expert on Montenegro, but not necessarily on all the other structures available worldwide.

If you want to discuss your structure and all the tax implications before making a move, you can discuss with Kathleen, a Swiss tax consultant that helps people with all their international tax issues and questions. Click here to find out more about her services.

If you are confident a company in Montenegro is right for you, then do get in touch with me and let’s get started! 

Send an email to info@thewanderinginvestor.com or use the contact form below to get in touch with the lawyer.

Other services in Montenegro:

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create a company in Montenegro

Important to understand: The international company formation services are performed by a lawyer. We at The Wandering Investor are just a middleman and therefore have no liability.

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