Business Start-up in Montenegro

Post new topic

suzir11 Member

Member since 12 September 2015

suzir11Member12 September 2015 19:26:54

Hello folks,

I've been reading through all these very helpful threads re. starting a business in mne and think I have a pretty good grasp of what I need to do.

I'm Scottish, my partner is Northern Irish-French and we would like to set a business up. Our start-up capital is not going to be huge and we can use our home as a base for the interim. I'm currently trying to put together a draft of our business plan and just wanted to know about some fees. We need 2 vehicles - one smaller car for mainly personal use and either a people carrier or mini-van for business use.

Question 1 - how much would we be looking to spend on car insurance?
2 - What is the MNE equivelent of public liability insurance and how much is this?
3 - How much (roughly) are accountants fees?

Many Thanks,

Suzi

Tsarine Serial expat

Member since 11 March 2010

TsarineSerial expat13 September 2015 09:30:21

424

Hey Suzi,

Welcome (soon) to Beautiful Montenegro

I am personally driving the car that I brought back from France, and therefore I can only get "third party" insurance (would this be the equivalent of the one you mention?). This costs me c. 250鈧�/year.聽
If you buy a car locally (usually more expensive than in other European countries) I do not know the costs of insurance, maybe someone else can assist.

As for accountants, they would usually charge c. 100鈧�+vat per month, but then it depends of the volume of works. If you have 10 or 1.000 transactions per month, of course the price will vary.

Cheers!

Articles to help you in your expat project in Montenegro

Freelancer's paradise
Mildest climate, friendly people, good service, overall safety, warm sea and breathtaking mountains all come in ...
Real Estates F.A.Q.
1. Do I need lower or consultant to buy real estates in Montenegro.