What are the types of companies in Montenegro?

There are different types of companies in Montenegro. These are:

1. Limited Liability Company (LLC): The most common type of company. It can be established with at least one partner and the liability of the partners is limited to the capital they invest.

2. Joint Stock Company (AD): It can be established with at least two partners. The liability of partners is limited to the capital they invested. It may be open to the public or closed.

3. Limited Partnership (KD): It consists of at least one general partner and one limited partner. While limited partners have limited liability, limited partners have unlimited liability.

4. General Partnership (KD): It can be established with at least two partners. Partners have unlimited liability.

5. General Partnership (Društvo solidarnih obveznika): It can be established with at least two partners. It is a type of company in which partners carry unlimited liability.

6. Branches: It is possible for foreign companies to open branches in Montenegro. The branch carries the responsibility of the parent company. Each of these company types has different advantages and disadvantages. The most appropriate company type should be selected according to the company's purpose, size and targeted activity. Additionally, factors such as tax burden, management structure and establishment costs should also be considered.