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Shelf Companies in Montenegro

Updated on Thursday 16th May 2019

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Montenegro is a country situated on the coast of the Mediterranean Sea, in the vicinity of Italy and Croatia. It is a relatively new and developing market for foreign investors, where you could find many unexploited sectors and niches for a profitable and safe business. In order to have a smooth entering on the Montenegrin market, you might take in consideration the buying of a ready-made company in Montenegro. You can rely on the legal service of our Montenegro company formation specialists for a safe development of your business in this country.

We can guide you through all the formalities related to acquiring a ready-made company in Montenegro. You can rely on us if you are interested in purchasing a shelf company or starting a new business in Montenegro.

Characteristics of shelf companies in Montenegro

Those who want to open a Montenegro company have two choices: to incorporate a new business or to purchase a shelf company which comes with some of the requisites imposed by the Company Law. The main advantage of a shelf company is the fact that some company registration steps can be skipped.

A Montenegro ready-made company comes with the following:

  • - a trade name which is one of the most important requirements when registering a company;
  • - a corporate bank account, which can represent an advantage considering the procedure for opening it is lengthier;
  • - the incorporation documents which can be amended based on the requirements of the new owner;
  • - the tax identification number, which allows the company to start its activities right away;
  • - the VAT number – most Montenegro shelf companies come with VAT numbers issued alongside the tax identification number;
  • - a company director which is a requirement imposed by the Montenegro legislation.

When it comes to what a Montenegro shelf company does not have, we should mention that there are cases in which such a company does not have an object of activity. This will be established by the new owner once purchased.

Our Montenegro company formation advisors can offer more information on the requirements related to buying a shelf company.

Who can purchase ready-made companies in Montenegro?

Both local and foreign entrepreneurs can buy shelf companies in Montenegro. This decision is usually based on the availability of such companies and how soon the investor wants to start operating. It is also useful to know that most of the times, shelf companies are registered as limited liability companies which is one of their greatest benefits.

With a vast knowledge in corporate matters, our company registration agents in Montenegro can help you choose between the shelf companies available on the market. It is also best to have the company verified before acquiring it.

The costs of a Montenegro shelf company will be influenced by its age and legal structure, which is why we advise you to select a few companies among which you choose the right one for you.

Advantages of shelf companies in Montenegro

Shelf companies in Montenegro are legal structures which have already a business history at the moment they are purchased by a foreign investor. When buying a shelf company, the most obvious advantages are the skipping of the formation process, including the realization of the application and the obtaining of the required documents and approvals. The only necessary procedure is a transfer of property. Thus an investor can start its business activity immediately, with no delay.

Another important advantage of a ready-made company in Montenegro can be the trained market that the company managed to produce, during its functioning time, before incorporation. If the investor decides to keep the line of the company, then a set of loyal customers represents a great support for a business only recently launched in Montenegro.

Even if the sector of activity will be changed after incorporation, the shelf company’s good name and business history can boost the revenues of your investment in Montenegro.

When you have decided to open a company in Montenegro it is advisable to work with a company formation firm who can prepare for you the change of ownership and the other legal procedures required by a shelf company acquisition.

What is the acquisition procedure of a shelf-company in Montenegro? 

The acquisition of a ready-made company in Montenegro requires some legal formalities for the transfer of property, but also a preliminary verification and evaluation of the risks. Next you can consider whether to keep the already functional bank account of the company or if you prefer to open a new one. You can decide as well to keep the registered office or if you prefer, to change it to another address.

Our Montenegro company formation experts offer complete legal solutions of shelf company acquisition and due-diligence so that you can start as soon as possible a successful economic activity in Montenegro.

Changes which can be made to a shelf company in Montenegro

There are several changes which can be made to a Montenegro shelf company. Some of them are mandatory, while others are not. The following amendments need to be brought when buying an aged company in Montenegro:

  1. the trade name which can be changed by the buyer only if he or she wants to;
  2. the Articles of Association which need to be amended with the name of the new owner;
  3. the company director can also be replaced (this is one of the first decisions when buying a shelf company);
  4. the object of activity (where there is one) or the definition of an object of activity (where there is none);
  5. the business license and other special permits need to be obtained when buying a ready-made company;
  6. the legal structure of the company can also be changed, if the businessperson wants to;
  7. the legal address of the company will usually be changed by the new shareholder;
  8. the share capital of the company can also suffer alterations (it is usually increased).

If you need more information on the changes which can be brought to a shelf company, our company registration consultants in Montenegro can guide you. We can also help you register the changes with the Companies Register in Montenegro.

Shelf company vs. new company in Montenegro

There are many aspects to consider when having to choose between a new company and a shelf company in Montenegro. One of the key aspects related to this decision is time: it depends on the investor if he or she wants to spend time with the registration procedure of a new company or want to skip this step.

It is important to note that registering a new Montenegro company, however, is usually cheaper than buying a ready-made company. Also, when purchasing an already-registered company it should be noted that certain changes need to be made. On the other hand, setting up a new company will imply taking all the formalities from zero.

When it comes to the structure of the business, the investor can choose the legal entity when registering a new company, while the options in the case of a ready-made company are more restrictive.

No matter your choice, our company formation advisors in Montenegro recommend you consider your options very well before making a decision.

Don’t hesitate to contact us for professional assistance with the acquisition of a shelf company in Montenegro

 

Meet us in Podgorica


Call us now at +382 20 620 312 to set up an appointment with our company formation agents in Podgorica, Montenegro. Alternatively you can incorporate your company without traveling to Montenegro.

As a Radonjic Associates client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Montenegro.

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