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

Please feel free to join our telegram channel  in order to keep updated for the new offers and ready-made companies for sale.

Every week we have new jurisdiction to offer a ready-made turn-key solution! We work worldwide.

Please contact us to get more information regarding companies on sale.

You could be interested

Canadian MSB setup: we provide a turnkey service

The establishment of an MSB in Canada requires acquiring a specific license from FINTRAC, a regulatory authority of the country regulating a Canadian financial market. In this overview, we collected the main points regarding money service businesses: authorizations, requirements, the specter of regulation, and due diligence obligations. Overview of the regulatory authority of the Canadian...

Establishing Business in Slovakia

Slovakia has status of convenient and easiest EU jurisdiction to start and run commercial activities. Starting a business in Slovakia has become of interest to entrepreneurs relatively recently, and reason for this was the simplification of procedure for getting residence permission and visa. It’s a great platform to start your own organization. At the moment,...

Cryptocurrency exchange and exchanger development

A crypto exchange is a trading platform through which you can buy, sell and exchange cryptocurrencies. Like Forex, cryptocurrency exchanges facilitate cooperation between buyers and sellers of cryptographic currency, which ensures the reliability and security of transactions. The crypto exchange operates using a trading engine. The speed and correctness of operations depends on how optimized...

Kazakhstan Payment Services Provider (PSP) License

Payment-service providers need to choose the right place of territorial location of their legal entity. This will determine the speed of processing necessary documents and the start-up of the company. If everything is done in the respectable countryside, the company will quickly start to pay for itself, and within a year it is possible to...

Ready-made company in Liechtenstein

Liechtenstein is located in the central part of the Alps, where the border of Austria and Switzerland passes. Jurisdiction receives the main profit from the banking sector and offshore companies. Among the most demanded commercial areas, the metal industry, particularly, the manufacture of equipment for dental clinics, is especially profitable in this jurisdiction. More and...

How to create a St. Kitts and Nevis Trust in 2023

Today, many investors create trust corporations to preserve their assets. But before creating them, it is necessary to decide on the place of enrollment of such an enterprise. At first  glance, create offshore trust in St. Kitts and Nevis is not the most obvious alternative. But if you are peeking for a place where your...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7