Registering a company in Montenegro involves a systematic process that includes choosing a company type, selecting a name, preparing necessary documentation, and registering with the Central Registry of Commercial Entities and the Tax Administration of Montenegro. Following this guide and utilizing the provided resources should guide you towards successfully establishing your business in Montenegro. Be sure to comply with the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this business-friendly country.
Step 1: Choose your company type
The first step in registering a company in North Macedonia is to choose the type of company you want to register. The most common types are:
- Limited Liability Company (Društvo so ograničena odgovornost - DOO)
- Joint Stock Company (Akcionersko društvo - AD)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Central Register of North Macedonia has guidelines for acceptable names, which can be found at this link: https://www.crm.com.mk
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for DOO and AD)
- Application for Company Registration (for all types)
These forms can be downloaded from the Central Register's website: https://www.crm.com.mk
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for DOO and AD) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
North Macedonia requires a minimum capital of MKD 5,000 for DOOs and MKD 2,000,000 for ADs. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Central Register of North Macedonia. This can be done in person at their office or online via the following link: https://www.crm.com.mk
The fees for registering a company are as follows:
- DOO: MKD 2,000 (approximately €32)
- AD: MKD 10,000 (approximately €160)
- Branch of a foreign company: MKD 2,000 (approximately €32)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Public Revenue Office of North Macedonia. This can be done in person at the local office or online via the following link: https://www.ujp.gov.mk
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the complexity of your application.
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