Can business in Montenegro change it’s legal entity type?

Indeed, it is possible for a business in Montenegro to alter its legal entity type. The process of changing a business’s legal entity type requires various steps, such as seeking advice from experts, establishing a new entity, transferring assets and operations, winding up the old entity, and informing stakeholders. The procedure may differ based on the existing and preferred business structures and regulations. It is essential to seek guidance from professionals and guarantee that all processes are executed accurately to prevent substantial legal and financial consequences.