The process of registration that means the opening of company in Montenegro is defined by the Company Law of Montenegro.
It includes the preparation of the set of documents which defines conditions and the different ways of business within the Legal entities.
A company, as a society of capital is able to administer different various activities, in case it is defined by the Statute of the society.
The registration needs to be done in the Central register of legal entities of Montenegro, where the company gets its own registration number.
The procedure of opening of the company for foreign individuals or legal entities is pretty simple and requires some of additional documentation.
A mandatory authority in managing of the company is a CEO. In case the CEO is a foreign country citizen it is necessary, that after the registration of the company, make an application form for the temporary work permit.
