Eternity Law International — News — Formation of the bank in Montenegro

Formation of the bank in Montenegro

Published:
March 31, 2021

In accordance with World Bank Doing Business report, Montenegro’s rank is 42th of 190 jurisdictions in condition of ease of conducting business. Foreign investors in Montenegro have the same status as national individuals, moreover Montenegro attracts investors with pleasing taxation system. Also, Montenegro has a wide market of high-qualified employees, stable democratic policy.

The formation of bank in Montenegro includes next procedures:

  • The process of obtaining banking license;
  • Incorporating and establishing of the entity in the form of join stock company;
  • Setting up of the internal governance of the banking institution, administrative infrastructure of the bank;
  • Setting up the infrastructure of the banking services (accepting of deposits, conducting transactions, payments)
  • Risk management system, business plan, required legal measures and documentation.

Our legal company has unique opportunity and sources to establish your bank in Montenegro. Approximate fees: USD 1’500’000 (share capital is not included).

Price and details: nick.b@eternitylaw.com

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