Open an e-Commerce Company in Montenegro
Open an e-Commerce Company in MontenegroUpdated on Saturday 08th December 2018
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Montenegro offers many investment opportunities to foreign investors who want to open small or medium-sized businesses, among which e-commerce companies. This type of businesses has gained quite a lot of popularity in the last few years as they offer many expansion possibilities without many costs.
Foreign investors are welcome to set up e-commerce companies in Montenegro without any special requirements. Our law firm in Montenegro explains how to create an e-commerce company in this country.
Steps in registering an e-commerce business in Montenegro
The registration of an e-commerce company must start with the Trade Register in Montenegro. Most of the online shops incorporated in Montenegro are established as sole proprietorships or limited liability companies, depending on the size of the business. For Amazon stores, for example, the limited liability company is more suitable.
The following steps must be completed when opening a Montenegro e-commerce company:
- prepare the documents required to register a company with the Companies Register;
- register the business with the Trade Registry, tax authorities and the Customs Office;
- apply for the registration of a domain name with an accredited domain registrar in Montenegro;
- have a website created and open a merchant account for processing online payments.
Our lawyers in Montenegro can help foreign entrepreneurs who want to create e-commerce businesses here.
Why start an e-commerce company in Montenegro?
The establishment of an online shop in Montenegro can have various advantages. Among these, the possibility of reaching customers all over the world is one of the most appealing. Also, there are a lot of products which can be sold by e-commerce companies in Montenegro which do not require storage space, as they are being sent directly from the producer. The administration costs of an online store are cheaper than those of a traditional shop.
It is important to know that Montenegrin e-commerce companies with customers in the EU are required to comply with the General Data Protection Regulations (GDPR).
For more information on the GDPR and assistance in setting up an e-commerce business, please contact our lawyers in Montenegro.