Starting a business in Montenegro is not complicated, as the government has enabled various tools through which the company registration procedure has been simplified. Considering foreign investors have the possibility of opening companies in Montenegro under the same regulations as local entrepreneurs makes the country very appealing. However, opening a business can also imply making changes during its lifespan and this is also possible in Montenegro.
There are several changes which can be brought to a Montenegro company. Below, our Montenegro company formation advisors explain what the alterations to be made in a company are and how to do them. You can also rely on us if you want to register a business in Montenegro or amend your existing company’s details.
According to the Company Law in Montenegro, there are several changes which can be brought to a business. Among these are, the most common are:
It is very common to bring changes to Montenegro shelf companies purchased by foreign investors interested in starting the operation as soon as possible.
Our company registration specialists in Montenegro can explain the requirements imposed by the law upon making changes in a company.
As mentioned earlier, changing the business address of a company is quite common in Montenegro, as it is the right of the owners to improve the office space they run a business from, or to expand. Also, it is possible for the businessperson to use a virtual office during the Montenegro company formation procedure and thus, finding another legal address is required after the procedure is completed.
The founders of a company have the right to leave a company any time. This will imply altering the shareholding structure of the Montenegro company by allowing another party to purchase the shares of the previous shareholder. It is also possible for the other shareholders to buy the remaining shares.
When making changes to the shareholding structure of a company in Montenegro, there are several requirements which need to be respected when it comes to the number of shareholders.
If you want to open a company in Montenegro, our local agents can offer information on the provisions of the law that you need to respect.
Another common change which can be brought to a business in Montenegro refers to the management structure. The procedure through which such changes can be made must consider the provisions of the company’s bylaws. In certain cases, such as those of public companies, the requirements of the Company Act must also be respected.
Even if changing the trade name of a business is not often met, it is possible to make such a change in a Montenegro company. The procedure of changing the trade name will occur under the same circumstances as when selecting the company name for the first time.
Our Montenegro company formation consultants can explain how to change the trade name of a business.
In order to make changes to a company in Montenegro, the following procedure must be respected:
If you need help in making changes to your company or starting a new business, please contact our company formation agents in Montenegro.