When it comes to company formation, Montenegro has a lot to offer. With its declaration of independence in 2006, Montenegro moved towards a business-focused economic system which has been transitioning to a market system ever since. This has opened the possibility for new companies to start a business in Montenegro and do business successfully in terms of profit and market share. Many companies have also decided to relocate their business to Montenegro.
Montenegro’s independence led to the privatisation of almost 90% of Montenegrin state-owned companies. This gave foreign investors from European countries an unlimited number of Montenegro business opportunities to invest in.
According to statistics, over 10 businesses are registered per 1000 people every year, giving a total of approximately 4513 new firm registrations each year. Montenegro is 8th in Europe when it comes to start-up business density, and it should not be surprising that starting a business in Montenegro is a growing trend.
In the following article we will take you through the process and conditions for starting a business in Montenegro, and show you why company formation in Montenegro can be a successful and cost-effective idea. If you’re wondering how to open a company in Montenegro then read on to find out everything you need to know.