Company registration

Registration of legal entities in Montenegro

In accordance with the laws in Montenegro can register the following organizational-legal forms of enterprises:

   1. Individual entrepreneur - «Entrepreneur».
   2. Simple partnership (a partnership with unlimited liability) - "OD".
   3. Limited Partnership (limited partnership) - "KD".
   4. Joint Stock Company - "AD";
   5. Limited Liability Company - "DOO".
   6. Branches of oversea companies.

Any foreigner can become a founder of the firm, except for such activities as:

    * Sale and manufacture of weapons;
    * Activities in the national nature reserves and border areas.

The most common form of registration is - DOO

Conditions of registration:

    * The number of directors - at least one;
    * Director can be both resident and non-resident, founder of the company;
    * The number of founders of the company may be from one to thirty people, co-founder of Montenegro is not required;
    * Prerequisite is the provision of financial statements;
    * Share capital for D.O.O. - A minimum of 1 euro, bearer shares are not issued. When registering a private entrepreneur, partnerships and affiliate share capital is also not required. When you open joint stock company share capital must be at least 25 000 euros.

The main stages of registration of the company (description and order):

Preparation of documents.

   1. At this stage, the founders must determine the legal form of the future of the enterprise, come up with the company name and check its recurrence, to determine the amount of share capital, to determine the activities of the company (recommended inscribe the widest list) and address of the company's future. If the founders of the company's future will be legal entities, should prepare their statutory documents and the decision to establish a subsidiary / representative (translated into the Montenegrin language and certified by the court).
   2. Fill in the installed application form for registration. To prepare a charter company, to compile and approve the Basic Court three copies of the Foundation Agreement, as well as 3-4 copies of passports of the founders, the authorized representative (if by proxy) and a director.

Filing for registration.

   1. Filing in the Central Register of the Commercial Court in Podgorica: Memorandum and Articles (1 ind.) Certified copies of passports of the founders and directors, and completed application forms for registration, as well as encryption operations. When submitting documents, the personal presence of the founders and directors can be replaced by a notary (issued in another country, but translated and certified in Montenegro), or the judicial power of attorney (executed and attested), issued by the lawyer or another person. Payment of official fees (30-40 euros) and obtain confirmation of company registration with individual registration number.
   2. Make a seal and stamp corner. The cost of manufacturing printing is about 30 euros.
   3. The paperwork in the bodies of statistics, given matichny number. To receive the decision on granting matichnogo number, you need to fill out a form (sample), attach a photocopy of the Decision on registration of a company, pay the required receipt.

Opening a bank account.

To open to the community, the legal address of finding companies to assure the authenticity of signatures of those persons who will represent the interests of the company and to sign bank documents. Forms of signatures are filled in 2 copies, one of which remains in the community, and the other is given to the bank. Also, the bank provided: the originals and copies of the decision on company registration, a document from the statistical offices, photocopies of passports of the founders of the authorized officers, directors and statement of account opening. The personal presence of an authorized person and the director - is necessary. The parties sign the contract and the bank issues in the hands of a document confirming the account opening. On this score to put the amount that corresponds to the authorized capital of the company.

Tax registration.

Statement of company's tax registration occurs at the location of the firm. In this case, fill out an application, accompanied by the originals and copies of the decision on company registration, a document from the statistical offices, photocopies of passports of the founders of the authorized officers, directors, proof of account opening, and a photocopy of relevant pages of passport director with "boravkom. You can provide a photocopy of the "white board" - a temporary registration card, but only on condition that he not issued a travel agency and the Inspector of Immigration. A few days later decision on the company's registration statement on PIB and PDV (if the turnover will be more than 18 000 euro per year) will be ready. Photocopies of the documents received in the tax office are transferred to the bank.

The main requirements of the Tax Inspectorate in the process of the firm are: the timely submission of tax returns for tax identification, fulfillment of tax obligations in respect of owning real estate, the accuracy of and timeliness of financial reports to the tax authorities.

Obtaining permission to use the office (in case of economic activity).

The permit is issued in the community. For this we need to pay appropriate fees and submit:

    * Certified by a court agreement to rent office space (and its copy), the office must be located in a building that has passed the technical acceptance, and meets all the necessary sanitary and technical standards;
    * Registration Certificate (List Nepokretnosti) from the owner of the office (and photocopy);
    * Old permission to use the office space (usually enough to photocopy a document, under confirm that the premises previously used as an office or shop);
    * The decision on registration of a company from TSRPS (and photocopy);
    * Documents confirming the company to register with the local tax authorities (and photocopies).

Permission for the installation of advertising is paid for separately - after receiving permission to use the office.

Further extension of the company's registration.

It is mandatory: the extension of registration of a company in the Commercial Court of Podgorica. Registration of such forms of ownership such as: AD, DOO and KD expire exactly 365 days from the date of the last registration. For renewal must appear in person or send by mail an application for renewal of registration 10 days before the date of the previous registration. In case of not renewing the registration on time offenders waiting for a penalty: for DOO - In size from 100 to 1,000 euros, and for joint stock companies - 10,000 euros. At renewal, the firm will be charged tax.

Also required are: renewal of a work permit after its expiration date.

Cost of services.

   1. The cost of registration services firms, including taxes and fees - ranging from 300 to 600 euros, depending on the urgency.
   2. Cost of services accountant for the conduct of the company and provide monthly reports on the average - from 100 to 250 euros per month, depending on the number of operations.