Business
The Companies Act, low-capital d.o.o. and central registry incorporation
Company law follows the Companies Act, with the d.o.o. the dominant form and very low minimum capital. Registration is at the Central Registry of Business Entities administered by the Tax Administration.
Key rules
- A d.o.o. can be formed with minimum share capital of EUR 1.
- Registration is with the Central Registry of Business Entities (CRPS).
- Directors owe duties of loyalty and care and can be liable for damage to the company.
Governing law
- Companies Act (Zakon o privrednim društvima)
- Bankruptcy Act (Zakon o stečaju)
In practice
Because Montenegro uses the euro without being in the eurozone, there is no local currency risk but also no ECB access for banks.