Meaning Black Mountain, Montenegro is an independent country in southeastern Europe, bordered by the Adriatic Sea, Croatia, Bosnia and Herzegovina, Serbia and Albania. With a population of 620 000, Montenegro gained independence in May 2006 by referendum and has since been developing it’s economic climate which is stable and continuously growing.
Classified by the World Bank as an upper middle-income country, Montenegro is a member of the UN, the World Trade Organization, the Organization for Security and Co-operation in Europe, the Council of Europe, the Central European Free Trade Agreement and a founding member of the Union for the Mediterranean. Montenegro also is a candidate for joining the NATO. The capital of Montenegro is Podgorica.
COMPANY FORMATION
Reliable incorporation for low tax rates!
Montenegro’s economic growth has been strong in recent years, fueled by a growth in new investment.
BANK ACCOUNT OPENING
100% Success in Account Opening
Bank account opening services remotely from your home country, making opening an international bank account easy and at low cost.
PROPERTIES
HIGH-QUALITY PROPERTIES
Property / Real estate for sale in Montenegro. Apartments, Commercial units, Land and Houses. Bar, Budva, Herceg Novi.
RESIDENCY
BY INVESTMENT
Residence permit by real estate acquisition or strategic investment for residency in Montenegro.
BASIC FACTS
- Capital City: Podgorica
- Population: 622.781 (2016 est.)
- Currency: Euro (EUR)
- Calling Code: +382
- Government: Republic
- Legal system: Civil legal system based on Roman law
- GDP per capita: 7455.33 US dollars in 2016
- Climate: Temperate, mild wet winters, hot dry summers
INCORPORATION
JURISDICTION ADVANTAGES
- Montenegro’s economic growth has been strong in recent years, fuelled by a growth in new investment. Since obtaining independence from Serbia in 2006, Montenegro has received more foreign investment per capita than any other country in Europe;
- Montenegro was positively ranked as the 70th freest economy in The Heritage Foundation’s 2013 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. Montenegro was rated just above the world average due to low tax rates and relatively free trade;
- Montenegro is positively ranked as the 67th most competitive economy in the world in the Global Competitiveness Report 2013 – 2014;
- Opening international corporate bank accounts for Montenegro companies is straightforward with many advantages to the investor. Callamus works with internationally recognized banks to provide corporate bank account services in Montenegro.
- A Montenegro Limited Liability Company (LLC) is the most common type of company.
A Montenegro LLC can be entirely foreign owned with no restrictions, requires only a single shareholder and has a minimum capital requirement of only €1.