Start a Transporting and Storage Company in Montenegro
Start a Transporting and Storage Company in MontenegroUpdated on Thursday 23rd April 2020
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Montenegro offers numerous investment opportunities and foreign entrepreneurs can choose the industry they want to activate in based on their knowledge, studies, amount of money they want to invest and a thorough market research. One of the best industries to explore at the moment is the Montenegro transporting and storage industry, or simply the logistics sector.
Montenegro is not part of the European Union, therefore investors from these countries must pay attention to the specific rules they must comply with when setting up transporting and storage companies here.
Our lawyers in Montenegro can help with the registration of a transporting and storage business.
Registering a logistics business in Montenegro
Foreign investors who want to open companies in the transporting and storage sector in Montenegro are required to register one of the business forms available under the Company Law in this country. Given the fact that a transporting and storage company can be a medium or a large-sized enterprise, the limited liability company is recommended.
Once the company is registered with the Trade Registrar, a few more steps need to be completed before starting the operations. These steps imply:
- - registering with the Customs authorities, as most companies offer international transport of goods;
- - acquiring the fleet of trucks and registering them with the authorities;
- - applying for special licenses depending on the types of goods transported or stored;
- - hire specialized personnel – most truck drivers have TIR carnets which allow them to operate such vehicles.
Our law firm in Montenegro can offer more information on the regulation applicable to transporting and storage companies.
Legislation on the international transport of goods in Montenegro
Opening a company for the transportation and storage of goods in Montenegro implies respecting several rules and laws, both national and international. At a national level, these companies must comply with the Road Transport Law. At the international level, Montenegro has signed the Customs Convention on the International Transport of Goods under Cover of TIR Carnets and the Convention on the Contract for the International Carriage of Goods by Road.
For assistance in registering a logistics business, please contact our Montenegro lawyers.