Montenegro bank account

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Location: Southeastern Europe
Capital: Podgorica
Population (2017): 642,550
Status: not a EU member, candidate since 2012; one of the founding members of the Red Cross; not signatory of agreement about Common Reporting Standard; NATO member since 2017.
Currency: EUR (Euro)
Official languages: Montenegrin, Serbian
Deposit guarantee: 50,000 EUR

Montenegro Bank Account Opening Service
Did you know:

  • Montenegro is home to 117 stunning beaches.
  • In 1992 Montenegro was officially declared an ecological state, being the only of its kind in the world.
  • The Tara River canyon is the deepest (82 kilometers) and longest in Europe (1300 m), second in the world. It has a 150-meter-high bridge, widely known as one of the most beautiful in the world.
  • There are over 5,000 foreign companies registered in Montenegro with investors from more than 100 countries.
  • Thanks to the experience and professionalism of locals and international companies, the business know-how in Montenegro is among the highest levels worldwide.

Montenegro is a small country in Southeastern Europe (Balkan peninsula), classified by World Bank as upper middle-income country. Since 2002 Montenegro uses euro as its official currency, though it is not an official member of the euro zone.

Together with an open and dynamic economy, the geo position, tax system, safety and political stability, the country have attracted foreign investments in various sectors, like tourism, luxury services and energy. The biggest foreign investors in Montenegro are Italy, Norway, Austria, Russia, Hungary and the UK. In 2014 the net foreign direct investment reached 483 million USD and investment per capita is one of the highest in Europe.

Montenegro has neither signed the Automatic Information Exchange Agreement nor indicated a timeline of the start of the automatic information exchange, and this is one of the several reasons Montenegro is becoming an increasingly popular offshore banking destination.

The banking sector of Montenegro is 100% privatized, with banks operating as universal banks, providing a broad range of retail (savings products, current accounts, payment cards, consumer and business loans) and corporate banking (letters of credit, guarantees) products and services.

Montenegro Bank Account Opening Service

Montenegro Bank Account
Key Features:

Foreign currency accounts with no fee for non-residents

No requirements for providing a minimum deposit or proof of income

Remote access (e-banking) with token and PIN

Lowest fees for maintenance and transfers

VISA, MasterCard debit and credit cards

Customer service in English, Russian and Montenegrin

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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