Montenegro Company Formation Cost 2026 | DOO Company Guide

Montenegro, one of Europe's most attractive business environments, has become entrepreneurs' favorite with its low 9% corporate tax rate and flexible company formation procedures. In this comprehensive guide, we will examine Montenegro company formation costs, DOO (Limited) company structure, and all legal processes in detail.

Opening a Company in Montenegro: Why DOO Structure?

The most common and advantageous company type for foreigners in Montenegro is DOO (Društvo sa Ograničenom Odgovornošću), or Limited Company. This model, equivalent to Turkey's Limited Şirket structure, stands out with these features:

Basic Features of DOO Company

Minimum Capital: Only €1 (One Euro) - One of the world's lowest capital requirements
Number of Shareholders: Minimum 1, maximum 30 partners
Liability: Partners' liability limited only to their capital contribution
Management: Single director (manager) sufficient, can be foreign national
Formation Time: 5-10 business days (when all documents are ready)

Montenegro Tax Rates: Europe's Most Advantageous

Montenegro's tax regime is extremely attractive, especially compared to Turkey:

Tax Type	Montenegro	Turkey
Corporate Tax	9%	20-25%
VAT	21% (7% in some sectors)	20%
Income Tax	9-15% (Progressive)	15-40%
Dividend Tax	9%	10%

Important Note: Companies in Montenegro with annual turnover of €100,000 or less can apply the simplified accounting system, which significantly reduces accounting costs.

Montenegro Company Formation Costs: Detailed Breakdown

1. Formation Stage Costs (One-Time)

Official Fees and Expenses:

Notary certification fees: €150-200
Trade Registry registration fee: €15
Bank account opening: €50-100
Company seal (stamp): €20-30

Legal Consulting:

Legal services (company formation package): €800-1,500
Accounting consultation (initial setup): €200-300

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2. Monthly/Annual Operating Costs

Accounting and Consulting:

Accounting service (monthly): €80-150
Annual financial statement preparation: €300-500
Tax consulting: €100-200/year

Opening a Company in Montenegro: Step by Step Process

Step 1: Name Reservation

You must register your company name with the Trade Registry (Centralni registar privrednih subjekata). The name must be unique. Duration: 1-2 business days, Cost: Free

Step 2: Capital Contribution

You need to deposit your minimum €1 capital into a temporary account opened at a Montenegro bank. Duration: 1-3 business days

Step 3: Notary Approval and Articles of Association

The company articles of association (statut) and incorporation resolution must be signed before a notary. Duration: 1 business day, Cost: €150-200

Frequently Asked Questions

Q: Is a residence permit required to open a company in Montenegro?

A: No, you don't need to reside in Montenegro to own a company. However, you can apply for a residence permit after company formation.

Q: Can a foreign national be the sole partner in a company?

A: Yes, establishing a 100% foreign-owned company is completely legal.

Conclusion: Is Montenegro Company Formation Makes Sense?

If you want to benefit from low tax rates, easy access to European markets, establish a company with minimum capital, and work with simple bureaucracy, opening a company in Montenegro can be an ideal strategy for you.

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