Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU

Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU Black Ankle Women's Lacoste Lacoste Leren Women's vzxX7nU

Ease of Doing Business in

Black Women's Lacoste Lacoste Women's Ankle Leren Montenegro

Download Profile
(1558.6 KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 622,781
GNI Per Capita (US$) 6,970
City Covered Podgorica
DB 2018 Rank 190 1 42 DB 2018 Distance to Frontier (DTF) 0 100 73.18
DB 2018 Distance to Frontier (DTF)
0 100 81.18: Macedonia, FYR (Rank: 11) 73.18: Montenegro (Rank: 42) 72.39: Hungary (Rank: 48) 71.91: Bulgaria (Rank: 50) 71.33: Regional Average (Europe & Central Asia) 64.20: Bosnia and Herzegovina (Rank: 86)
0 20 40 60 80 100 Macedonia, FYR (Rank: 11) Montenegro (Rank: 42) Hungary (Rank: 48) Bulgaria (Rank: 50) Regional Average (Europe & Central Asia) Bosnia and Herzegovina (Rank: 86) Women's Leren Lacoste Black Women's Lacoste Ankle

Note: The distance to frontier (DTF) measure shows the distance of each economy to the “frontier,” which represents the best performance observed on each of the indicators across all economies in the Doing Business sample since 2005. An economy’s distance to frontier is reflected on a scale from 0 to 100, where 0 represents the lowest performance and 100 represents the frontier. The ease of doing business ranking ranges from 1 to 190.

Rankings on Doing Business topics - Montenegro

Starting a Business Dealing with Construction Permits Getting Electricity Registering Property Getting Credit Protecting Minority Investors Paying Taxes Trading across Borders Enforcing Contracts Silvery Fashion Comfy Dress Flat Sandals on Sweet Bowknot Slip Slip Sandals Women's Anti JULY T Beach Summer SFwzqxaEF Resolving Insolvency 1 28 55 82 109 136 163 190 Rank 60 78 127 76 12 51 70 44 42 37

Distance to Frontier (DTF) on Doing Business topics - Montenegro

Lacoste Women's Lacoste Black Ankle Leren Women's Starting a Business Change:0.00 Dealing with Construction Permits Change:+0.48 Getting Electricity Change:+15.67 Registering Property Change:0.00 Getting Credit Change:0.00 Protecting Minority Investors Change:0.00 Paying Taxes Change:0.00 Trading across Borders Change:0.00 Enforcing Contracts Change:0.00 Resolving Insolvency Change:+0.33 Lacoste Lacoste Ankle Women's Women's Black Leren 0 20 40 60 80 100 DTF 90.07 69.30 59.17 65.76 85.00 61.67 76.67 88.75 66.75 68.70
Topics DB 2018 Rank DB 2018 DTF DB 2017 DTFinfo_outline Change in DTF (% points)
Overall 42 73.18 71.54  1.64
Starting a Business 60 90.07 90.07 ..
Dealing with Construction Permits 78 69.30 68.82  0.48
Sandal Tahiti Thong Circles White Multi Women's Wolky q1v4wpp 127 59.17 43.50  15.67
Registering Property 76 65.76 65.76 ..
Getting Credit 12 85.00 85.00 ..
Protecting Minority Investors 51 61.67 61.67 ..
Paying Taxes 70 76.67 76.67 ..
Trading across Borders 44 88.75 88.75 ..
Enforcing Contracts 42 66.75 66.75 ..
Resolving Insolvency 37 68.70 68.37  0.33

= Doing Business reform making it easier to do business.= Change making it more difficult to do business.

Click here to see all reforms made by Montenegro.
Standardized Company
Legal form Društvo sa ograničenom odgovornošću (DOO) - Limited Liability Company
Paid-in minimum capital requirement EUR 1
City Covered Podgorica
Indicator Montenegro Europe & Central Asia OECD high income Overall Best Performer
Procedure – Men (number) info_outline
6 5.2 4.9 1.00 (New Zealand)
Time – Men (days) info_outline
10 10.1 8.5 0.50 (New Zealand)
Cost – Men (% of income per capita) info_outline
1.5 4.4 3.1 0.00 (United Kingdom)
Procedure – Women (number) info_outline
6 5.2 4.9 1.00 (New Zealand)
Time – Women (days) info_outline
10 10.1 8.5 0.50 (New Zealand)
Cost – Women (% of income per capita) info_outlineYarn On Heel Pump Loafer Women 40 Shoes Round Colormatch Sequins Size EU Breathable Toe Sport Slip 34 Flowers Flat Mesh Shoes Black Shoes Lazy Casual Net OOqFwcaEW
1.5 4.4 3.1 0.00 (United Kingdom)
Paid-in min. capital (% of income per capita) info_outline
0.0 3.4 8.7 0.00 (113 Economies)
  • Cow Sandals Pointed Toe Heels Winkle Out Women's with Hollow Kitten and Red Leather WeenFashion Pinker 50XYZFWB0
    DB 2018 Distance to Frontier (DTF)
    0 100 93.94: Macedonia, FYR (Rank: 22) 90.62: Regional Average (Europe & Central Asia) 90.07: Montenegro (Rank: 60) 87.60: Hungary (Rank: 79) 85.37: Bulgaria (Rank: 95) 65.91: Bosnia and Herzegovina (Rank: 175)

    Note: The ranking of economies on the ease of starting a business is determined by sorting their distance to frontier scores for starting a business. These scores are the simple average of the distance to frontier scores for each of the component indicators.

  • No. Procedures Time to Complete Associated Costs

    1

    Certify the company’s founding agreements

    Agency : Basic Court and Notaries

    Lawyers are no longer authorized to do the certification of corporate documents. The applicant certifies company documents at the basic court and certifies copies at municipalities. Certification fees vary depending on the number of pages, documents, and so forth.


    Montenegrin Notary Chamber was established on 29 April 2011, and on 25 June 2011 they started operating when almost all work in relation with notarization-certification has been relocated from basic courts to public notaries. 

    The total cost is: 21 Euro (13 Euro for the court + 2 Euro for each copy of documents such as passport).

    Notarization of the OP form - 10 Euro

    1 day EUR 13 for court + EUR 2 per document (4 documents) + EUR 10 for OP form

    2

    Submit the request together with the necessary documents and obtain the registration certificate, TIN (tax identification number), VAT tax number and customs authorization

    Agency : Central Registry of Business Entities of the Tax Administration (CRBE)

    The applicant first checks the company name online at no charge (www.crps.me); name reservation is not required, but is available for additional fee. After that, applicant comes to the Central Registry of Business Entities located at the Tax authority with completed documents and registers the name and company. At the registry, separate counter exists for LLC registration and payment of relevant fees can be done at the same place.


    The Central Registry of Business Entities prepares text for the announcement of company formation. The registry also estimates the publication fee (based on notice length) and sends all notices to the Official Gazette, which are published in the upcoming issue. Publication time is 10–15 days. However, subsequent procedures do not depend on the announcement, so the client can continue to form the company regardless of the publication date.


    Required documents for registration are:

    1. Article of Incorporation (Statute);

    2. Founding decision (Agreement) signed by the notary;

    3. Registration Form PS01: list of founders, members of a company, managers and members of the board of directors, if they are appointed:

    (a) the first and surnames and any former names;

    (b) their personal identification number;

    (c) their residential addresses;

    (d) their citizenship;

    (e) details of any other directorships, memberships in limited liability companies or partnerships, or other management positions held in Montenegro or elsewhere and the place of registration of such companies if not in Montenegro; name of an executive director; name of the company, address of the seat of the company and address for receiving official correspondence, if they are different; persons authorized to represent the company and information if the representation is collective or individual; a document which would confirm payment of registration fee.

    5 days EUR 10 (registration fee) + EUR 12 (publication fee)

    3

    Obtain company's seal

    Agency : Seal maker

    The company seal or stamp is a core instrument in company legal transactions. The company orders a seal or stamp upon registering with the Company Registry because it is essential for subsequent company transactions including opening a bank account and registration with Tax Authority. The seal is made on the day it is ordered. Cost varies from 20 to 40 Euro.


    Even though as of 2011 the use of seal is not mandated by law, it is still widely used in practice.

    1 day EUR 30-40

    4

    Open a bank account

    Agency : Commercial Bank

    The companies must open a bank account in order to register with Tax Authority.

    Request for opening of the bank account is submitted on the form ZZOUR of the bank, by post or personally, and it has to have the following information:

    - Name of the requesting party

    - Address of the seat of the company and the telephone

    - Name of the account


    Besides the form ZZOUR, an entrepreneur has to submit the following documents:


    1. A confirmation of the Central Registry of Commercial Entities in Podgorica on registration (validated copy),

    2. A contract on opening of the account and keeping the account (is closed in a bank),
    Lacoste Lacoste Leren Women's Women's Black Ankle

    3. A card of the deposited signatures (is received in the bank),

    4. OP (validation of the signature),

    5. A document on tax identification number (PIB) by the Tax Authority of Montenegro,

    6. Photocopy of IDs of authorized persons of the company.

    1 day no charge

    5

    Register with Tax Authority

    Agency : Tax Authority

    The company must file a bank account certificate as well as single registration form (JPR) to register the company and its employees with the Tax Administration. Registration is then automatically done with the Employment Bureau, the Pension Fund, and the Health Fund.

    1 day no charge

    6

    Notify the competent inspection authority and the municipal authority in charge of economic affairs

    Agency : Municipality

    New reforms abolished the license and made it sufficient to have a notification. If the Company is engaged in trade, it pays the administrative fee in the amount of 3 Euro within the municipal authority in charge of economic affairs for the notification.

    1 day EUR 3

    Applies to women only.

    Takes place simultaneously with previous procedure.