What company formation in Montenegro really costs, year by year
Registration is the cheap part. Here are the one-time, monthly and yearly costs of running a company in Montenegro.
One-time costs
Montenegro company formation looks cheap on paper, and starting a business in Montenegro really does start with small one-time costs. The running costs below are what decide the budget.
| Item | Amount | Note |
|---|---|---|
| State registration fee for a DOO | €15 | Single flat fee for registration and later changes in the register. |
| Minimum share capital | €1 | Legal minimum for a DOO. Banks and permit officers may expect a figure that fits your plan. |
| Company registration with us | €350 | Registration, PIB, legal address, translations, notary and government fees. |
| Residence package with us | €1,050 | Registration plus the director’s residence permit and bank documents. |
| Closing a company with us | €350 | For companies you no longer need. |
Not included in the package: rental of a home, medical insurance, the medical examination and the criminal record certificate with an apostille where it is required.
Monthly and yearly costs
| Item | Amount | Note |
|---|---|---|
| Accounting | from €70 + VAT / month | Depends on the number of operations. The annual report costs about as much as one month of accounting. |
| Director’s salary | €600 or €800 / month | Minimum depends on the director’s qualification. Taxes and contributions are paid on it. |
| Taxes and contributions for permit renewal | about €5,000 / year | The company should have paid this over the previous year for the director’s residence permit to be renewed. |
| Annual financial statements | by 31 March | Filed together with the tax return. The annual report costs about as much as one month of accounting. |
Profit tax in Montenegro: how it is calculated
Corporate profit tax is progressive. Use the illustration below with your expected annual profit. It is not a tax calculation for your case: deductions and other taxes are not included.
The rates
- Up to €100,000: 9%
- €100,000.01 to €1,500,000: €9,000 + 12% of the amount above €100,000
- Above €1,500,000: €177,000 + 15% of the amount above €1,500,000
VAT: registration is mandatory when turnover reaches €30,000 in twelve months.
What can add to the bill
- A home for the residence permit: a notarised lease of at least one year, see housing for the permit.
- Medical insurance and the medical examination.
- An apostille on the criminal record certificate, where required for your country, see documents and apostille.
- More operations than expected, which raise the accounting fee.
Last reviewed: 3 October 2026. Figures are those we apply today and may change with Montenegrin law.
Clients on tax and cost questions
Selected Google reviews. Each review was rated 5.0 by its author.
“I asked for a consultation on calculating taxes for a business. They quickly and correctly explained the specifics of the tax system and prepared a tax-burden calculation based on the data I provided. 10 out of 10, recommended.”
JohanGoogle review · Translated from original“Competent recommendations on getting a residence permit in Montenegro and opening a company, reasonable prices. Everything worked out. Thank you.”
Irina K.Google review · Translated from originalFrequently asked questions
Is €350 the whole cost of company formation?
No. €350 covers the registration itself. After registration a company in Montenegro needs accounting and pays taxes; if the director wants a residence permit, the requirements for renewal add a director’s salary and taxes.
How much is accounting in Montenegro?
From €70 + VAT per month. The price depends on the number of operations, so we give a quote after we know how many invoices and transactions you expect.
What is the profit tax rate?
9% on profit up to €100,000; €9,000 plus 12% on the part between €100,000 and €1.5 million; €177,000 plus 15% on the part above €1.5 million.
When must a company register for VAT?
When turnover reaches €30,000 in twelve months. Earlier registration is voluntary.
Talk to a licensed accountant
Write to us on WhatsApp: tell us your situation and we will say which route fits, what it costs and what we need from you.
Budva: Filipa Kovačevića 41, Budva, Montenegro
Podgorica: ul. 8 Marta bb, Podgorica, Montenegro
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