General Information about Company Formation in Montenegro
We create companies in Montenegro, we create limited liability companies. This type of company is the most common because it requires that a shareholder and a director.
A board of directors may also be established if necessary.
The shareholders of such companies may be natural or legal persons.
No minimum capital is required, by against a bank account must be opened to record the undertaking.
Shareholders are liable for the obligations and liabilities of the company at the height of their contribution share.
Taxation in Montenegro:
In terms of taxation in Montenegro, the corporate income tax in Montenegro will be 9%.
VAT in Montenegro is 19%, but note that in some cases reduced rates of 7% and 0% may be applied to certain products.
As regards the withholding taxes on dividends, interest, they will amount to 9% in Montenegro.
The only case where this will not be applied is in the case of double taxation agreements
The main activities that you can take with a company formation in Montenegro:
“Detention of real estate property”
“Detention and exploitation of IP”
“Organizing Your Estate”