Company Types in Montenegro: DOO, AD, Entrepreneur, Branch

The forms side by side

Form	Minimum capital	Best for	Notes
DOO Limited liability company	€1	Operating businesses, remote services, property holding, trade	Most chosen by foreign founders. One or more founders; a foreigner can be the founder and director.
Entrepreneur Sole proprietor	None	One person who lives in Montenegro and works alone	The simplest form. It does not separate the owner’s own assets from the business.
Branch	None	A foreign company that wants to work in Montenegro under its own name	An extension of the foreign company. Needs apostilled documents of the parent company.
AD Joint-stock company	€25,000	Larger ventures with outside investors	More governance and more reporting than a DOO.

Why a DOO is usually the right choice

The minimum capital is €1.
A foreign individual or a foreign company can be the founder. There is no requirement for a local shareholder or a local director.
A DOO is the form on which the director’s residence permit is usually based. See the director’s residence permit.

When the founder is a foreign company

A DOO can be founded by an individual together with a foreign company, for example a 50/50 structure. In that case, we need information about the parent company (a current extract from its register or certificate of incorporation, with an apostille or legalisation and a certified translation), powers of attorney for the director and data on the ultimate beneficial owners. See documents and apostille.

How to choose

Choose a DOO if…

you want a separate legal entity for your business;
you plan to hire people or invoice clients;
you want the director’s residence permit;
you will have a foreign company as a partner.

Think twice if…

you only need a tax number for a very small activity;
you do not want to keep regular accounting: any company, including a DOO, needs it;
you expect a company to stay dormant.

We register DOOs. For other forms, we explain what is needed and what we can and cannot do. We are an accounting firm, not a law firm.

Last reviewed: 3 October 2026. Official source for forms and capital: the Tax Administration guide on company formation.

Frequently asked questions

Can a foreign company be a founder of a DOO?

Yes. A foreign company can be a founder, alone or with individuals. We need information about the parent company, powers of attorney for the director and data on the ultimate beneficial owners; the company documents need an apostille or legalisation and a certified translation.

Do I need a local director?

No. A local director is not required; a foreigner can be the director of a DOO.

Can I change the form later?

You can restructure a company, change its owners or close it. Tell us your plan before registration so the first structure fits it.

Company types in Montenegro: which one to choose