Doing Business Starting business The Central Register of the Commercial Court is in charge of business registration. It has an electronic database of registered business entities, contracts on financial leasing and pledges. Montenegrin law permits the establishment of six types of companies, the most common being: Entrepreneur, Limited Liability Company (d.o.o.), Joint Stock Company (a.d.), General partnership (o.d.), Limited partnership (k.d), and Part of a foreign company.To register a company in Commercial  Court, an Entrepreneur needs to present: Personal identification card; Completed registration form; Min. capital requirement - no minimum capital requirement; Registration fee of €10. Limited Liability Company (d.o.o.) Minimum capital requirement of €1; Founding act; Contract of decision of company’s foundation; Completed registration form; Registration fee of €10Joint Stock Company (a.d.) Minimum capital requirement of €25,000; Founding act; Contract of decision of company’s foundation; List of names of all boards and managers; Board members’ and managers’ social security numbers; Name and address of the executive director, reviser board and secretaries; Signed statements of agreement to perform duties in the company; Resolution from Security Commission board approving a public offer of shares; Completed registration form; Registration fee of €10. General partnership (o.d.) Two or more persons; Minimum capital requirement – no minimum equity requirement; Registration fee of €10. Limited partnership (k.d) Two or more individuals; Minimum capital requirement - no minimum equity requirement; Registration fee of €10. Part of a foreign company Minimum capital requirement - no minimum equity requirement; Registration fee of €10. After fulfilling all these requirements, it is necessary to open a bank account. After that, the company reports to Tax Authority in order to receive a PIB (taxation identification number) and VAT number (Value Added Tax).