Bencom provides legal services that cover a wide range of your business needs. Our team of experts not only supports you in establishing your company but also stays with you throughout your entire business journey, offering solutions tailored to your specific requirements.
What Makes Us Different From Others?
At Bencom, we stand out due to our commitment to clients and our approach that focuses on their specific needs. Our team strives to become an extension of your business, allowing you to concentrate on your business goals.
With over three decades of experience, we selflessly share our knowledge with you and offer you the opportunity to stay ahead of the competition. Our team consists of experts with extensive experience in the legal sector, enabling us to provide high-quality services and effective solutions.
With Bencom, you can be confident that you are in good hands.
Our Services Include:
Company Formation:
We provide support throughout the entire company formation process, from the initial consultation to registration with government authorities. Our efficiency and expertise make this process quick and straightforward.
Status Changes and Restructuring:
We offer expert assistance in executing status changes for your company, as well as restructuring processes. Whether it’s a change of address or complex restructuring, we are here to help you.
Legal Support and Consulting:
Our team of lawyers provides legal support in all aspects of business, from contract drafting to resolving legal issues and disputes. We are ready to offer you advice and solutions that comply with legal regulations.
Document and Regulation Preparation:
We prepare various legal documents, including contracts, regulations, accounting policies, and tender documentation, tailored to your needs and requirements.
What Does the Company Formation Process at Bencom Look Like?
1. Initial Consultation:
Contact us, and we will provide you with detailed information about the required documentation and the steps involved in the company formation process.
2. Preparation of Essential Documentation:
We take responsibility for preparing the key documents:
- Founding Agreement/Decision: the core document that defines the structure and rules of the company’s operation.
- Company Statute: a document containing detailed information about the rules and regulations the company must follow.
- Power of Attorney: if the founders wish to authorize another person to carry out specific activities in the registration process.
- Registration Forms: formal documents required for company registration with the appropriate government institutions.
3. Registration with Government Authorities:
After successful registration with the Central Registry of Business Entities in Podgorica (CRPS), our team will guide you through the registration process with:
Revenue and Customs Administration of Montenegro: registration for TIN and VAT, as well as fiscalization.
Customs Administration: for companies engaged in foreign trade, import, and export, registration in the customs register is required.
Agency for Prevention of Money Laundering and Terrorism Financing: for registering an authorized person and preparing an Internal Act.
Ministry of Internal Affairs: for obtaining temporary residence and work permits for the executive director, if it is a foreign individual.
Tax Administration Office: we register the executive director for mandatory social security.
Business Banks: we provide assistance with opening business accounts at banks.
Company formation can be completed by signing the documentation by the founders and directors or through our authorization via a power of attorney.
With a power of attorney, we can register the company with the CRPS, but for obtaining permits at the Ministry of Internal Affairs and opening bank accounts, the personal presence of the clients is required.
Comprehensive Legal Services for Your Company
Our legal support doesn’t end with the formation of your company. At Bencom, we offer a wide range of legal services that cover every aspect of business. Whether it’s expansion, restructuring, or adapting your business to new conditions, our team of experts is ready to provide support.
Status changes:
We offer expert assistance in the process of executing status changes for your company, including:
- Change of address, director, founder, authorized representative, business activity, headquarters, personal documents
- Recapitalization: increasing your company’s capital through new funds
- Conversion of retained earnings into capital or liabilities into capital
- Voluntary liquidation through a simplified procedure: we provide legal support for a smooth liquidation process
- Company restructuring: mergers, divisions, and separations
Other Legal Services:
Our range of services also extends to other vital aspects of your business:
- Branch registration and deletion, as well as changes within the branch: including the establishment and closure of business units
- Preparation of documentation for obtaining a designer and contractor license, or a legal entity license: ensuring your documentation is complete and aligned with all regulatory requirements
- Tender documentation preparation: precise and professional drafting of documentation required for tender participation
- Regulation drafting: we provide services for drafting regulations on systematization, salaries, job classification, etc., in accordance with legal frameworks and the needs of your business
- Preparation of contracts and contract annexes in business: creating legally valid contracts tailored to the specific needs of your business
- Preparation of power of attorney, execution proposals, and appeals: ensuring all your legal documents are accurate, professional, and comply with legal regulations
- Minimum technical requirements: we offer advisory services to meet the minimum technical requirements in various sectors such as trade, tourism and hospitality, car rental, crafts, obtaining permits for property leasing, offices, etc.
Bencom – A Trusted Legal Partner
Bencom is your trusted partner in addressing all legal challenges that may arise in your business. Our team of expert lawyers offers personalized legal services tailored to your specific needs and goals.
How We Can Help:
Business Analysis:
We provide a thorough analysis of your business to identify potential problem areas and propose effective solutions.
Defining Potential Problem Areas:
After a detailed analysis, we define potential problem areas in your business and provide clear guidance on how to address them appropriately.
Addressing Legal Challenges:
Our team provides quick and efficient solutions to all legal challenges you face, ensuring your security and stability in business.
Learn More About Legal Services
Schedule Consultations with Our LawyerLearn More About Our Legal Services
If you still have questions or would like to learn more, check out the frequently asked questions:
How long does it take to establish a company?
Once the documentation required for the establishment is signed and certified by the client, we submit it to the Central Registry of Business Entities (CRPS) in Podgorica. The estimated timeframe for receiving the Decision on the establishment of the company from CRPS is between 7 to 10 days.
Can a limited liability company (DOO) conduct multiple activities?
A limited liability company (DOO) must have one primary activity but can conduct all activities specified in its statute.
Does the director need to be employed by the limited liability company (DOO)?
Yes, the director must be employed.
Is it possible to “hibernate” a limited liability company (DOO)?
No, a company can only be active or terminated. (liquidation, bankruptcy, etc.).
What is the minimum wage in Montenegro and what are the contributions for it?
Must the company have an open business account at a bank?
Yes, a company must have an open business account at a bank.
DOO does not have to be in the PDV system unless its annual turnover exceeds the prescribed threshold.
No, it depends on the annual revenue; if it exceeds €30,000, the company must register for PDV.
Does an entrepreneur have to be in the PDV system?
No, it also depends on the annual income.
