Where Is Montenegro?
Exotic landscapes are not always distant and hidden. In the heart of the Mediterranean,
separated from Italy by the Adriatic sea, this small country is waiting for you.
This little known country is only an hour flight from Rome or Budapest,
one hour and a half from Zurich, and then your Own Montenegrin Offshore Bank can begin.
Why Republic of Montenegro?
Come to escape the tempo of the country contemporary lifestyle and enjoy the natural beauty.
Make the most of your time and come to enjoy an abundance of experiences. Feel the adrenaline surge while rafting down the
Canyon of the Tara river, the deepest canyon in Europe.
Enjoy in the virgin beauty of Biogradska Gora, the last virgin forest in Europe. Feel the beat of Arcadian life in Kotor Bay,
the southernmost fjord in the world, and something wonderful happen to you.
You can choose to explore one of the 117 sandy beaches on the Adriatic sea, renaissance coastal towns or peaceful mountain scenes beside glacial lakes.
Discover a part of the undiscovered,
on which the unique seductiveness of Montenegro rests, when conquering the irresistible peaks of Durmitor mountain.
Cruise along the largest lake and the biggest bird reservation in Europe - Skadar Lake.
Experience the special dimension found in the particular combination of ethnics and aesthetics which are the soul of Montenegro.
Why Montenegro Offshore Bank?
The "Act on companies which are established and which conduct business activity on special terms"
was adopted by the Assembly of the Republic of Montenegro July 26 1996 in conformity with the Article 88, point 2 of
the Constitution of Montenegro. Under this Act a territory of the Republic of Montenegro is declared as a free economic and developing area
is guaranteed to foreign legal and natural persons the freedom of establishing companies, the freedom of enterprise and freedom of
contracting international business transactions subject to terms and methods prescribed by the Act.
The Republic of Montenegro, by the Act, ensures tax exemptions and relieves and other privileges for
establishing and conducting business activity of companies or branches of foreign and domiciling, sojourning and working of foreign citizens.
Types of companies for Offshore Banking operations
According to the Article 2 of the Act one of the allowed activities is to extend financial
and non-financial services. To obtain a banking license a company must be established as Joint Stock Company ("JSC")
formed by at least two subscribers (as subscriber may participate physical or juridical person)
and have it paid capital of US$ 10,000. All the information is kept in the Register of the Ministry of Finance of Montenegro
which generally is the following for "JSC"
Confidentiality
The Republic of Montenegro guaranties that it will regulate by law and that it will take appropriate
measures and actions to ensure that authorized officials in the Ministry of Finance,
banks and other organs and organizations who perform duties of registering the company
and other duties for the company will keep as officially confident the data concerning identity, documents,
reports and all other data with which they become acquainted with in the course of performing activities
for company or qualified in conformity with special regulation which the Government will enact.
The Advantage Of Montenegro Bank License
The Ministry of Finance of Montenegro is also the regulatory body which issues the bank license.
A standard bank license permits a joint stock company registered under the Act to engage in the following banking operations:
- Establishing correspondent relations with foreign banks; opening "Nostro" and "Loro" accounts.
- Payments on client instructions and bank exchanges under correspondent banks name, cashing services,
establishment of correspondent relations with foreign banks and opening "Nostro" and "Loro" accounts.
- Opening and supervising clients' nominee accounts in correspondent banks in foreign currencies.
- Acceptance of all kinds of deposits and exercising all kinds of deposit transactions and services.
- Attracting and managing new money instruments, deposits, and credits of business partners,
except money deposits of citizens of the Republic of Montenegro.
- Financing on the third party instructions.
- Handling, buying, selling and keeping of payment and account documents and securities
(checks, letters of credit, shares and other documents) as well as exercising other legal transactions with these documents.
- Granting bank guaranties to third parties which make provisions for payments in cash.
- Contracting and providing factoring services, purchasing the rights of goods
delivery and provision of services, acceptance of risks of nonfeasance of such liabilities, collection of bills and payments.
- Purchasing and selling cash currency and currency which is deposited in the accounts of natural persons and legal entities.
- Intermediate transactions with securities.
- Purchasing and receiving payments.
- Attracting and investing assets, managing securities in accordance with clients' instructions, trust representation operations.
- Rendering brokerage, consulting services and leasing.
- Establishing reserve funds, insurance and other funds with equity and attracted funds for guaranties,
insurance and development of banking activity and investment in Montenegro, according to the
law on companies established and operated under special terms.
- Participating as a founder or shareholder of banking organizations in Montenegro and abroad -
in subsidiary banks, as well as in similar institutions and organizations, in accordance with the
law on companies that are established and operated in Montenegro.
- Opening branches and representation offices in the territory of the Republic of Montenegro and abroad.
United OPEC Banks US$9,500 VIP Power Package Includes:
- Certificate of Incorporation and Certificate of Good Standing for your offshore bank
- Memorandum and Articles of Association
- First year government fee
- Share Certificate issued to the bearer or to the nominee shareholder
(recommended and provided for free) or registered
- Minutes of the first meeting of founders
- Letter of appointment of the first director
- Register of members for offshore bank
- Register of directors for offshore bank
- Registered agent services first year for offshore bank
- Registered office for offshore bank (first year)
- Apostille of the charter documents
- Courier delivery
- 3 Bank accounts with world's major banks
- Nominee directors
- Power of Attorney
- Apostille documents
- Notarized documents
- Apostilled translation of the charter documents into local language
- Notarized translation of the charter documents into local language
- Rubber stamp of the bank
- Express Delivery
- Amendments to the bank charter documents, name change, etc
- Redomiciliation
- Trading and investment account. Operation via Tel., Fax, Internet. Debit cards
- Offshore Brokerage Account for Day Trading
- Virtual office in your selected jurisdiction, including: e-mail address, fax and answering machine for
infrequent use, with forwarding all messages by e-mail
- One year offshore hold mail and forwarding
- Offshore merchant account
