Benefits
- 9% corporate tax
- 9% tax on dividends (plus 13-15% municipal surtax) paid to Montenegro resident individuals
- 9% withholding tax on dividends paid to non-residents (may be reduced by treaty)
- Possible to apply for a Temporary Residence Permit for Executive Director
- Traditional bank account with personal visit
- Can own a US LLC payment processing subsidiary for access to Stripe and PayPal Business
Compliance Obligations
- Must file annual financial statements, and hold an Annual General Meeting
Formation Requirements
- Minimum of 1 director, who must be a natural person
- Minimum of 1, but not more than 30 shareholders
- Minimum paid-up capital of €1
- Company registration takes approximately 7 days
- Must provide registered office address and company secretary in Montenegro