Located in the South-Eastern part of Europe, Montenegro has as neighbors the countries of Serbia, Bosnia and Herzegovina, Albania, Kosovo and Croatia. Podgorica is the name of the capital city of Montenegro. The meaning of Montenegro is “Black Mountain”. Part of Yugoslavia since 1918, Montenegro became independent in 2006, after a referendum. Some of the organizations that Montenegro is part of are CEFTA, Council of Europe, OSCE and the United Nations. The nation also wishes to join the European Union, presenting their official application in 2008. Montenegro occupies an area of 13,812 sq. km (5,019 sq. mi.) and has a population of 678,177 people (according to the 2008 census), which brings the population density to 50 people per sq. km. (115 per sq. mi.). The total nominal GDP for Montenegro is $6.944 billion, while the GDP per capita is at $7,702. The largest city in Montenegro is its capital city, Podgorica, with a population of 136,473 people. Other large cities of Montenegro are Niksic, Pljevlja, Bijelo Polje, Cetinje, Bar, Herceg Novi and Berane. The highest peak in Montenegro is Zla Kolata, with a height of 2,534 m. There are two urban municipalities (part of Podgorica city) and twenty-one municipalities in Montenegro.
The Costs of incorporating a company in Montenegro are $3,500 for the first and $1,700 for the following years. Incorporate Now >>
For the bank opening service (Open a bank account in Montenegro) we charge a one-time fee of $770.
The entire process takes around 2-3 business days. Open your offshore company in the Montenegro now >>
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