The most important things forming a new company

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Choosing a location for your company depends on various things and they must align with things that you are searching and wanting your company to be. Location is as important as when you have decided on the branch that your business is going to be for. Starting your company in a foreign country can be a step that not a lot of companies are willing to take, but if you live in a country that has high taxes and which will take away most of your profits while not giving back much, then moving might be an option. The question that needs to be answered here is if you are willing to move to another country and give your company a better starting chance. We are here to present to you all benefits of doing so.

If you decide to form a company in Montenegro, then we are sure that you want to know about expenses that will be incurred by founding a company in Montenegro. The starting capital of a new company can be as low as one euro, this reduces the costs of founding a company in Montenegro significantly, which makes it a perfect destination for a person who wants to form a new company. There are also additional fees that need to be paid.

Fast and low cost company formation and running

It is easy to finish all in order to set up your new company in Montenegro. This will provide you with a lot of additional time in order to do all the rest that needs to be done to get your company on a right track in Montenegro. As we had previously mentioned is that this whole process is pretty fast. It is very affordable in comparison to the costs in the western world.

Another big thing to consider are costs that are needed to run a company which are a really important feature when you are just starting. They can be calculated in many different ways, but the easiest one would be to do it on a yearly level. There are multiple costs that need to be accounted for, so we will give you an example of the costs of running a company on a yearly level in Montenegro.

The first of these are contributions and taxes which must be paid for every employee, and to make things easier we will give a total sum per one employee. The cost of this is 130 Euro monthly per employee thus making it to 1560 Euro per a year per an employee. Salaries are not included and they may vary significantly depending on skills and the position of an employee.

The next cost is the hiring of an accountant and this may vary between 150 to 200 per month depending on the amount of work that needs to be done and the size of your company. These costs can vary from 1 800 Euro to 2 400 Euro on a yearly basis. Basic maintenance costs of a company that did not do any business are 2 800 Euro per year.

All of these business data plus amazing climate and people make Montenegro a fairytale place to found a new company.

Stevan. M

Stevan. M

Stevan is a Montenegro based writer and consultant

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