Establishing of the company is rather easy. The formation of the companies is regulated by The Law on business organizations of 31/01/2002 (with amendments). As per Article 2 there are various types of companies, but as usual the most popular is limited liability company. The name of a limited liability company must contain the indication “limited liability company” or “LLC” abbreviation. Parent company may use in its name the indication “holding”, “holding company”, “parent company”, “group” and similar. Parent company shall mean the company having a majority ownership of or majority right to manage another company - subsidiary.
A limited liability company may be formed by natural or legal persons (one or many, maximum - 30). The amount of initial capital shall not be less than 1 Euro. The registration is proceeded by Central Registry. (https://montenegro.eregulations.org/Contacts/15?l=en)
The following documents and data shall be submitted to the Central Registry and published at the first registration of a limited liability company:
1) the foundation agreement;
2) the charter;
3) a list of founders, members of the company, managers and members of the Board of Directors, if appointed, including--
a) the first and last names and former names in case of change of the first/last name;
b) the date and place of birth of members of the Board of Directors, their personal identification number, or passport number if a foreign national;
c) the permanent or temporary residence of the members of the Board of Directors;
d) the statement of the members of the Board of Directors regarding their citizenship;
e) data on any other company memberships, directorships or other functions held in Montenegro or elsewhere, as well as the place of registration of such companies if not in Montenegro;
4) the name of the Executive Director;
5) the name of company, the address of the registered office and address of place for receipt of official notices, if different;
6) persons authorized to represent the company either jointly or individually;
7) the signed consent of the members of the Board of Directors to their appointments, if any;
8) a document confirming payment of the registration fee.
Executive Director shall be mandatory body of the company - either resident or non-resident of Montenegro. A secretary is not required. The beneficial owner is not required to be present at the registration and filing procedures.
The documents certified by a notary are submitted on paper to the Central Registry. Unfortunately there is no e-registration. After the registration the Central Registry issues the certificate of registration.
There is no beneficiary owners' registries in Montenegro, either public or non-public (at list at the present moment).