NOVOMONTE

COMPANY FORMATION IN MONTENEGRO AND SERBIA
- Nominee service - LLC Limited Liability Company

Our team can help you in all the necessary activities for the incorporation of your newco.

Time needed: 3-5 working days
Mandatory passport for foreign individuals
Min. share capital 1 Euro (Montenegro) or 100 RSD (Serbia)
No local representative needed
Minimum number of shareholders: 1
Possibility to open through POA
Complete paperwork set up
Collection of COI
VAT application

CORPORATION INCOME TAX (CIT) MONTENEGRO

Up to 100.000 Euro profit: 9%
100.000-1.500.000 Euro profit: 9.000 Euro + 12% on the amount above 100.000
over 1.500.000 Euro profit: 177.000 Euro + 15% on the amount above 1.500.000

CORPORATION INCOME TAX (CIT) SERBIA

15% flat tax
No hidden fees, all we need is:

desired name and capital share of the newco
desired legal seat (can be registered at our office address)
main activity
info on CEO and representatives

Nominee director service upon request.

COMPANY RESCUE

RESTARTING A NON-TRADING OR DORMANT COMPANY IN MONTENEGRO OR SERBIA

If you haven’t filed for a few years (VAT, Final statements, payrolls…) your company might have outstanding liabilities or debts that have accrued during the non-filing period. The company bank account is probably blocked.

Addressing this issue promptly is crucial to mitigate potential risks and penalties.

Late filing may lead to tax penalties and interests. Consult with our tax professional to assess any outstanding tax issues, we will communicate with relevant government agencies to explain the situation and work on a plan for compliance.

If you have details or specific questions call in for a free advise, we can help you solve your company’s issues, unblock bank account and take back FULL CONTROL OF YOUR COMPANY!

CHANGES/AMENDMENTS TO YOUR COMPANY ARTICLES OF ASSOCIATION

Make changes to your private limited company in Montenegro and Serbia, EASILY AND QUICKLY!

Changes to Articles of association:

Company name
Company address
Main activity
Directors
Shares
Capital

Our team will assist in any of the above-mentioned changes providing full assistance in all the necessary activities:

setting up the written Resolution,
collection of the full paperwork, including amendment forms, statements from Tax Authority and other government offices…
filing to Companies house for the registration of the changes,
collection of the certificate with the updated company info (3-4 working days are needed).

COMPANY LIQUIDATION/LIQUIDATION MANAGER SERVICES

Voluntary company liquidation in Montenegro-short procedure:

If the company has filed on a regular basis and is solvent this procedure is very quick and can be carried out in less than 2 weeks.

necessary docs:

Shareholders must sign and notarize a written statement that company has no outstanding debts and that they will be liable for the 3 years following the liquidation date.
A no-outstanding-debt statement from the tax authority.
A statement from the Central bank of Montenegro that company bank account is not frozen.

Voluntary company liquidation in Serbia:

This process is divided in 3 phases and lasts at least 120 days, provided that the company has filed regularly and is solvent.

A liquidation manager has to be appointed, who will carry out all the necessary activities and, if necessary, negotiate with creditors on your behalf and solve issues with the tax authority.

Ask us for company liquidation/liquidation manager services: info@novomonte.eu

ACCOUNTING AND PAYROLL SERVICES IN MONTENEGRO AND SERBIA

Accounting services include:

Monthly VAT accounting and filing
Employees’ payroll calculation and filing
Electronic invoicing (upon request)
Final statement – due by March 31st for the previous year
CIT calculation and filing – corporate income tax

VAT rates in Serbia:

20% standard rate
10% basic food, medicines, newspapers, public transportation…
0% insurance, property lease, trading in shares…

VAT registration is mandatory for companies and individuals with a turnover >8.000.000 RSD in 12 months

Further info on VAT regulations in Serbia

VAT rates in Montenegro

21% standard rate
7% basic food, medicines, solar panels…
0% export of goods and services…

VAT registration is mandatory for companies and individuals with a turnover >30.000 EUR in 12 months

Further info on VAT regulations in Montenegro

ACCOUNT OPENING IN MONTENEGRO AND SERBIA/SAVINGS ACCOUNT OVERSEAS

CORPORATE BANK ACCOUNT/PERSONAL BANK ACCOUNT

Novomonte provides you with bank account assistance.

Our bilingual consultant will do the necessary back-end work, arrange for your bank meeting at your arrival and assist you during the visit.

Bank account assistance includes all the necessary activities before and during the application.

List of licensed banks in Montenegro

List of licensed banks in Serbia

PROPERTIES AND REAL ESTATES MONTENEGRO AND SERBIA/FAST CADASTER REGISTRATION

If you are planning on buying a property in Montenegro or Serbia, here you can find some useful info:

PROPERTY TAX MONTENEGRO – transfer of title
3% on the market value of the property
PROPERTY TAX MONTENEGRO – annual tax on ownership
0,25% to 1% on the market value, depending on the location

PROPERTY TAX SERBIA – transfer of title
2,5% on the market value of the property
PROPERTY TAX SERBIA – annual tax on ownership
0,40% on the market value of the property

Foreign individuals and companies can buy properties both in Montenegro and Serbia.

Ask us for suggestions and fast cadaster registration to info@novomonte.eu

APOSTILLE/NOTARY SERVICES IN MONTENEGRO AND SERBIA

The Apostille certifies the authenticity of the seal and signature of the official who has issued a public document.

An Apostille enables a public document issued in one country to be recognized as valid in another country.
The document to be apostilled MUST BE ORIGINAL. If you don’t have the original we will request it from the competent authority in Montenegro or Serbia.

Processing time: 3-5 working days + delivery
Administrative fees: included
Fast delivery: DHL or UPS express
Legal translation is available if needed.

Apostille stamp on:
Incorporation certificates, company extracts, court decisions, tax and revenue statements, property titles, POA’s…