
Montenegro has 300 km of coastline and beautiful mountains located in the north side of the country. These attract numerous visitors from all over the world every year, the
tourism industry accounting for 20% of the GDP (Gross Domestic Product). The
tourism in Montenegro is concentrated on resorts and hotels along the coast.
The country is also developing a wider
tourism industry which relies on rural and cultural tourism, as well as ecotourism.
What are the steps required to open a travel agency in Montenegro?
When opening a travel agency in Montenegro, investors must first decide which type of business structure they want to set up.
The most common kind of business vehicle in this jurisdiction is the
limited liability company (D.O.O.). In order to
open such a
company in Montenegro, the following documents have to be obtained:
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- the Articles of Association: a document which contains the company purpose and the duties and liabilities of its members;
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- the structure of the business: the way in which the company is structured;
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- a list of the founders and the Board Members: generally, these are the chief executive officer (CEO), the chief financial officer (CFO) or the executive vice president;
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- other documents: our company registration advisors in Montenegro can provide further details on what these other documents consist of.
Investments in tourism can also be made under the Montenegro citizenship by investment scheme.
Why Montenegro?
Montenegro is a very attractive tourism destination. In the last years, the statistics related to the number of travelers who visited Montenegro are as follows:
Year |
Total tourist visits |
Local |
Foreign |
2015 |
1,713,109 |
153,185 |
1,559,924 |
2016 |
1,813,817 |
151,696 |
1,662,121 |
2017 |
2,000,009 |
122,797 |
1,877,212 |
What licenses are required to become a travel agent in Montenegro?
According to the Tourism Law, in Montenegro, travel agency activities can be effectuated only by companies which are listed in the Central Registry of Business Court.
Businesses which are listed in this court must be registered as travel agencies and they must have a license which is issued by the Ministry in charge of tourism here.
If you require further information on the
travel industry in Montenegro, or for help to
open a Montenegro business, please
contact our friendly staff.