Montenegro

Ease of Doing Business in

Montenegro

This page summarizes Doing Business 2013 data for Montenegro. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 632,261
GNI Per Capita (US$) 7,060
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
51 57 down 6

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
68.0 65.3 down 2.7
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 58 45 up -13
Dealing with Construction Permits 176 175 up -1
Getting Electricity 69 69 No change
Registering Property 117 112 up -5
Getting Credit 4 9 up 5
Protecting Investors 32 29 up -3
Paying Taxes 81 119 up 38
Trading Across Borders 42 37 up -5
Enforcing Contracts 135 137 up 2
Resolving Insolvency 44 53 up 9

Economy Profile

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Doing Business law library Law Library

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Additional Topic

Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 58 DB 2012 Rank 45 Change in Rank down-13
DB 2013 DTF** (% points) 89.0 DB 2012 DTF** (% points) 89.0 Improvement in DTF** (% points) 0.0
YearNew business densityNumber of new limited liability companies
2011 4.54999
Indicator Montenegro Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
6 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
10 14 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
1.6 6.8 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 5.0 13.3
No. Procedure Time to Complete Associated Costs
1 Certify the company’s founding agreements 1-2 days EUR 13 for court + EUR 2 per document
2 Submit the request together with the necessary documents and obtain the registration certificate, TIN (tax identification number), VAT tax number and customs authorization 5 days EUR 10 (registration fee) + EUR 12 (publication fee)
3 Register employees for Health and Pension at Tax Administration counter 1 day no charge
4 Obtain company's seal 1 day EUR 30-40
5 Open a bank account 1 day no charge
6 Notify the competent inspection authority and the municipal authority in charge of economic affairs 1-2 days EUR 3

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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