Montenegro

Ease of Doing Business in

Montenegro

This page summarizes Doing Business 2015 data for Montenegro. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category Upper middle income
Population 621,383
GNI Per Capita (US$) 7,260
City covered Podgorica
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
36 42 down 6

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
72.02 70.71 down 1.31
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

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 2015 Rank 56 DB 2014 Rank*** 48 Change in Rank down-8
DB 2015 DTF** (% points) 90.05 DB 2014 DTF** (% points) 90.07 Change in DTF** (% points) down-0.02

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Montenegro 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)
6.0 5.0 4.8

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.

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Time (days)
10.0 12.1 9.2

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.

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Cost (% of income per capita)
1.6 5.3 3.4

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 5.8 8.8
No. Procedure Time to Complete Associated Costs
1 Certify the company’s founding agreements 1 day on average EUR 22 for court + EUR 2 per document (4 documents)
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 day on average EUR 3

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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