Opening a Legal Entity in Montenegro
A DOO (Društvo sa Ograničenom Odgovornošću) is Montenegro's equivalent of an LLC and the most widely used legal form for doing business in the country. It is popular among foreign entrepreneurs due to a straightforward incorporation process, transparent requirements, and a competitive tax environment.
What We Need from You
- ✓Founder's passport
- ✓Director's passport (if different from the founder)
- ✓Company name
- ✓Type of business activity
- ✓Montenegro phone number
- ✓Montenegro address
- ✓Address in country of citizenship
What You Receive
- ✓Registered legal entity in Montenegro
- ✓Registration decision
- ✓Articles of Association
- ✓Company seal
- ✓Extract from CRPS (Central Register of Business Entities)
Key Benefits of Establishing a DOO
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Recognized Legal Entity
Enables you to enter into contracts, hire employees, and work with international partners.
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Limited Liability
Shareholders' liability is limited to their contributions to share capital (minimum €1).
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15% Corporate Tax
Montenegro offers a competitive corporate tax rate in Europe.
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Market Access
Simplifies cooperation with EU and other international partners.
Obligations of a DOO
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Accounting
Every company must keep records of its operations and submit tax declarations.
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Tax payments
In addition to the 15% corporate tax, social contributions are due if you have employees.
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Employee registration
When hiring, labour law must be followed: employment contracts and contributions are mandatory.
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Company maintenance
Even with no active operations, annual reports must be filed and minimal administrative fees paid.
VAT-exempt threshold
Companies with annual turnover below €30,000 are exempt from mandatory VAT registration. Once exceeded, registration becomes compulsory and the standard VAT rate is 21%.
Opening a DOO in Montenegro is an accessible and promising step for entrepreneurs looking to enter international markets or run a business in Europe with minimal overhead.