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Ukrainians in Montenegro! How to Start Your Business and Earn Money
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- เผยแพร่เมื่อ 14 ส.ค. 2024
- The only opportunity for Ukrainians in Montenegro is not the temporary protection due to war. Starting a business and establishing a company in Montenegro is very simple and easy. In this video, you can see the advantages and costs of doing it! Do not wait to start earning money and get back your life.
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What are the Advantages of Being a 'Foreign Investor' by Starting a Company in Montenegro?
1) Equal Rights: Any citizen in the world can gain foreign investor status by establishing a company in Montenegro. The biggest advantage of this status is that foreign and local companies are treated equally in Montenegro. In other words, as a foreigner, you can have the rights of all local companies with the company you have established in Montenegro. You can gain foreign investor status both as a legal and as a natural person.
2) Starting with Low Capital: Foreign investor status can be obtained by the fact that 25% of the capital of a company in Montenegro belongs to a foreign legal or natural person. Since there is no minimum capital rule for foreign investors, a company can be established with a minimum capital of 1 Euro in legal entity organizations such as limited liability companies, which facilitates business on the way to becoming an investor, including entrepreneurs.
3) Company Setup Procedures in Short Periods: Compared to many countries around the world, Montenegro gives benefits with its fast company-building procedures. In Montenegro, company formation is provided in 2-15 days, according to official data and our experience. In addition, the documents requested for the establishment of companies of real or legal entities, whether domestic or foreign, are so simple and easy to obtain.
4) Possibility to Trade in Euro Currency: Montenegro uses euro as its official currency. Thanks to euro is a measure of value in international markets, a means of saving and a valid means of change; it provides convertibility, wide use, credibility and reliability for those who want to start a company in Montenegro. Foreign investors want to start their business at eurozone countries which make up a significant portion of the world trade volume.
What are the required documents for the Limited Company Setup in Montenegro?
There is a simple procedure for the Establishment of a Limited Company in Montenegro. Documents that should be ready during company setup:
Passport
Signed criminal record and apostille (where applicable)
Primary, Secondary, High School or University Diploma
These documents must be prepared before coming from home country (where the passport is issued). It is recommended that the passport expires in more than one year. Signed criminal record and apostille can be obtained from judicial registry offices or governorship according to the country. As a diploma, primary school, secondary school or high school diploma should be preferred (diplomas obtained trill the age 18). University diploma equivalence requires a long and costly process, and therefore not preferred. What the Montenegrin authorities want to see here is whether the company's founders are literate. Offering a university degree does not add a plus to the company in value.
Chapters:
0:00 Intro
0:27 Introduction
0:48 What can you do in Montenegro?
2:29 Why to start a business in Montenegro?
5:11 Papers needed to establish a company
6:38 The process and timeline of establishing a company
7:40 Who should establish a company?
9:42 Tax rates in Montenegro
10:31 Cost of a company in Montenegro
What about jobs I want information about jobs
You may check LinkedIn regarding job posts
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