Set Up Your Company in Montenegro (DOO)
Set up your company in Montenegro with a 9% corporate tax advantage. Montenegro is an EU candidate with a Stabilisation and Association Agreement in force, which gives preferential tariff treatment to most industrial goods traded with the EU — subject to rules of origin. It is not single-market membership. Residence is applied for separately from company formation.
Why Montenegro?
Tax Advantage
Corporate profit tax is progressive, not flat: 9% on taxable profit up to €100,000, then €9,000 + 12% up to €1,500,000, and €177,000 + 15% above that (Zakon o porezu na dobit pravnih lica, član 28 stav 2, in force since 1 January 2022).
Strategic Location
NATO member, uses the euro, and an EU candidate country in accession negotiations.
Residency Permit
Forming a company does not by itself grant residence. The executive director applies separately for a temporary residence and work permit; it is normally issued for one year and must be renewed, and renewal depends on the company being genuinely active and its contributions being paid. Family reunification is a further, separate application.
Easy Setup
Only 1€ capital requirement and remote setup via Power of Attorney (PoA) without leaving Turkey.
Rona Legal Process
4 Steps to Commercial Activity
Consultation & Strategy
Determining the right company structure (LLC or Sole Trader).
Remote Formation
We complete company registration and tax setup via proxy while you're in Turkey.
Bank Account
Opening a corporate account with international transfers and multi-currency support.
Residency Application
Receiving your residence card and work permit after biometrics.
For U.S. citizens specifically — no tax treaty, FATCA banking, and the FBI apostille path — see our complete guide for Americans.
Tax Comparison
Annual corporate tax burden on 100,000 € profit
Germany
Turkey
Montenegro
Frequently asked questions
What is the minimum share capital for a DOO in Montenegro?
One euro. Član 361 stav 2 of the Zakon o privrednim društvima sets the minimum share capital of a limited liability company at €1. Član 361 stav 3 allows a special law to require more for particular kinds of DOO, so it is the general rule rather than an absolute one.
Can a foreigner own 100% of a Montenegrin company?
Yes. The Companies Act does not impose a nationality condition on membership of a DOO. Sector-specific licensing rules — banking, insurance, gaming and similar — are a separate layer and apply regardless of who owns the company.
How long does company registration take?
The Act on the Registration of Business and Other Entities requires the registrar to decide on a complete application within three working days and to assign the tax number (PIB) together with the registration (član 27 stav 1). In practice the registry step is not the variable: document preparation, legalisation and the bank take longer.
Can I set up the company without travelling to Montenegro?
Član 10 stav 1 provides for electronic formation without physical presence for a DOO. In practice there is a gap: the Ministry of Finance declined in the July 2026 public consultation to accept foreign qualified electronic signatures through the portal, so foreign founders are generally routed through a power of attorney instead. The power must expressly cover the acts required.
Does the share capital have to be paid into a Montenegrin bank?
No. Where the company is formed electronically, član 10 stav 7 allows the share capital to be paid into a bank in an EU member state. That covers the capital payment only; it does not create any entitlement to an operating account, which each bank decides under its own anti-money-laundering policy.
Does forming a company give me a residence permit?
Not by itself. The executive director applies separately for a temporary residence and work permit. It is normally issued for one year and must be renewed, and renewal depends on the company being genuinely active and its contributions and taxes being paid. Family reunification is a further, separate application made after the sponsor holds the card.
What is the corporate tax rate in Montenegro?
It is progressive, not flat. Under član 28 stav 2 of the Zakon o porezu na dobit pravnih lica: 9% on taxable profit up to €100,000; €9,000 plus 12% of the excess between €100,000.01 and €1,500,000; and €177,000 plus 15% of the excess above €1,500,000.01. The scale replaced the former flat rate and applies from 1 January 2022.
When does the company have to register for VAT?
The threshold is €30,000, not €100,000. Član 42 stav 1 of the Zakon o porezu na dodatu vrijednost provides that a person whose supplies do not exceed — and are not likely to exceed — €30,000 is not a taxable person. Stav 2 adds that such a person may not state VAT on invoices and has no input VAT deduction right; stav 3 allows voluntary registration. The standard rate is 21%.
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