Company Formation in Montenegro
Let us set up your company (DOO) in Montenegro from start to finish: from name registration to tax number, from the bank account to the first accounting entry, all from one hand.
With a low capital requirement, short registration procedures and progressive corporate tax starting at 9%, Montenegro is an attractive hub for Turkish entrepreneurs. However, the process requires choosing the right company type, drafting the articles of association, and carrying out the tax registration (PIB) and banking steps in the correct order. At MGT Montenegro, from our office in Tivat and with our local partners, we complete all of these steps on your behalf — remotely, by power of attorney, if needed.
[RIGHT STICKY: Free Initial Consultation form + WhatsApp button]
Who is this service for?
- Turkish entrepreneurs wanting to set up a commercial, e-commerce, consultancy or service business in Montenegro.
- Those wanting to lay the groundwork for a work and residence permit by forming a company in Montenegro. (Note the minimum tax requirement that applies from 2026 for residence via a company — see below.)
- Company owners who want to grow, invoice through, or expand into the European market via a European company.
- Investors who want to manage a real estate or tourism investment through a corporate structure.
Scope — What’s included?
- Advice on company type and business activity (NACE) selection
- Company name availability check and registration
- Drafting of articles of association and incorporation documents, notary procedures
- Central Business Registry (CRPS) registration
- Tax identification number (PIB) and VAT registration if required
- Company seal and statutory ledgers
- Guidance and accompaniment for opening a bank account (you open the account in person at the bank)
- First-period accounting and reporting setup
- Remote incorporation by power of attorney where needed
Process — Step by step
- Initial consultation and structure decision. We listen to your business model; we determine the company type, ownership structure and business activity.
- Name and activity definition. We prepare alternatives for the company name and check availability.
- Preparation of incorporation documents. We draft the articles of association and annexes, and complete notary approval.
- Business registry registration. The company is registered with the Central Business Registry (CRPS).
- Tax registration (PIB) and VAT. The tax ID number is obtained; VAT registration is done according to your activity.
- Seal and ledgers. The official seal and statutory ledgers are prepared.
- Bank account. We direct you to a suitable bank, prepare the application documents and accompany you at the account opening.
- Readiness to operate. Executive director appointment, start-of-business notifications and any additional permits are completed; the accounting setup is established.
Required documents and prerequisites
- A valid passport copy of the partner(s) and executive director
- Name alternatives and the business activity for the company
- Ownership structure and share distribution
- A correspondence/notification address
- A power of attorney to be drawn up for remote incorporation
- Additional documents required by the bank for the account (income/source-of-funds information, etc.)
Minimum capital for a DOO in Montenegro is symbolic (from €1). Once documents and official steps are complete, incorporation usually concludes quickly (typically a range of a few business days to a few weeks, depending on legislation and document status — not a commitment).
Company types — quick comparison
| Type | Description | Typical use |
|---|---|---|
| DOO (Limited Company) | Most common structure; low minimum capital, limited liability | SMEs, services, e-commerce, investment — suitable for most Turkish entrepreneurs |
| AD (Joint-Stock Company) | Requires higher capital and more corporate governance | Large-scale, multi-partner structures |
| Branch | An extension of an existing Turkish/foreign company in Montenegro | Those wanting to operate without forming a separate legal entity |
In most cases the right starting point is a DOO. We clarify which structure suits you in the initial consultation.
Current 2026 legal & tax note
- Progressive corporate tax (2026): Profit up to €100,000 at 9%; €100,000–€1,500,000 at 12%; above €1,500,000 at 15%. Standard VAT rate is 21% (reduced 7% on some items). (Source: PwC Tax Summaries — verify before publishing.)
- An important rule for residence via a company: With the changes effective 17 January 2026, for foreigners holding more than 51% of shares or who are the executive director to renew the integrated work–residence permit, the company must have paid at least €5,000 in tax and social security in the previous year (EU/EFTA/Switzerland citizens are exempt). The company must therefore carry a genuine activity and a minimum tax base.
- There is a double-taxation treaty between Türkiye and Montenegro.
Frequently asked questions
Do I need to be in Montenegro to form a company?
Most steps can be handled remotely by power of attorney. Only at the bank account opening do you generally need to be present in person, per the bank's policy; we accompany you in this step.
What is the minimum capital?
For a DOO, the minimum capital is symbolic and starts at €1. The real cost is not the capital but the formation and subsequent accounting/compliance expenses.
Does forming a company automatically grant me residence?
No. The company provides a basis for a residence application; but residence is a separate process, and from 2026 a minimum €5,000 tax/social-security requirement applies for renewal via a company. We assess your situation together in our Residence & Work Permit service.
Am I required to hire a local accountant?
In practice, yes. Regular accounting, VAT and year-end filings in Montenegro are done according to local legislation; we handle this with our Accounting & Bookkeeping service.
What if I later want to close the company?
Liquidation is also an orderly process; an "honest exit" is achieved through tax closure and official steps. See our Company Liquidation service.