How to Open a Stripe Account in Montenegro - A Step-by-Step Guide

4 min readAug 15, 2023

Incorporation

Looking to open a Stripe account in Montenegro? While Stripe may not be directly supported in the country, you can still open a verified Stripe business account by setting up a UK based company using Osome's services.

A Step-by-Step Guide on Opening a Stripe Account in Montenegro

Introduction

Are you a business owner or entrepreneur looking to expand your customer base and tap into the global digital market? If you're in Montenegro, you may have encountered some challenges when it comes to opening a Stripe account. But don't worry, we have a solution for you! In this article, we will guide you through the step-by-step process of opening a Stripe account in Montenegro by setting up a UK based company using Osome's services. Let's get started!

1. Understanding the Limitations in Montenegro

Before we dive into the details, let's address the elephant in the room. Stripe, a popular online payment platform, is not directly supported in Montenegro. This means that individuals and businesses based in Montenegro cannot open a Stripe account using their Montenegrin company details. However, there's a workaround that allows you to utilize Stripe's services in Montenegro:

2. Setting Up a UK Based Company with Osome

To open a Stripe account in Montenegro, you can set up a UK based company with the help of Osome, a company formation service. Osome specializes in assisting entrepreneurs and businesses in establishing their presence in the UK, providing a seamless and efficient process.

By setting up a UK based company, you gain access to the benefits and features offered by Stripe, including their secure payment processing system and extensive integrations. This allows you to accept payments from customers worldwide, expanding your reach and boosting your revenue potential.

Osome ensures a hassle-free experience by guiding you through the company incorporation process, handling all the necessary paperwork, and providing expert advice tailored to your specific requirements. With their expertise, you can focus on growing your business while they take care of the administrative tasks.

3. The Step-by-Step Process

Now that you understand the solution, let's walk through the step-by-step process of opening a Stripe account in Montenegro through setting up a UK based company:

Contact Osome: Get in touch with Osome and discuss your business needs. They will guide you through the entire process and answer any questions you may have.
Choose a Company Structure: Osome will help you determine the most suitable company structure for your business, whether it's a sole trader, limited company, or partnership.
Provide Necessary Information: Share the required information and documents with Osome, such as identification documents, business details, and proof of address.
Company Incorporation: Osome will handle the company incorporation process on your behalf, ensuring all legal requirements are met.
Bank Account Setup: Once your UK based company is incorporated, Osome will assist you in setting up a business bank account, which is essential for accepting payments through Stripe.
Stripe Account Creation: With your UK company and business bank account in place, Osome will guide you through the process of opening a verified Stripe business account.
Integration and Configuration: Osome will help you integrate Stripe with your website or online platform, ensuring a seamless payment experience for your customers.
Start Accepting Payments: Congratulations! You can now start accepting payments through your Stripe account in Montenegro and expand your business globally.

4. Advantages of Using Osome's Services

Choosing Osome to assist you in setting up a UK based company has several advantages:

Expert Guidance: Osome's team of professionals will provide expert guidance and support throughout the entire process, ensuring a smooth and efficient experience.
Time and Cost Savings: By entrusting the administrative tasks to Osome, you can save valuable time and reduce costs associated with setting up a company.
Compliance and Legal Matters: Osome ensures that all legal and compliance requirements are met, giving you peace of mind and avoiding any potential issues down the line.
Seamless Integration: Osome will assist you in integrating Stripe with your website or online platform, enabling you to start accepting payments seamlessly.
Global Reach: By establishing a UK based company, you gain access to a global customer base, expanding your business opportunities.

Conclusion

Opening a Stripe account in Montenegro may seem challenging at first, but with the assistance of Osome and the option of setting up a UK based company, you can overcome this limitation and unlock the full potential of Stripe's services. By following the step-by-step process outlined in this guide, you'll be on your way to accepting payments globally and growing your business. Don't let boundaries hold you back - take the leap and expand your horizons today!

Frequently Asked Questions (FAQ)

Q1: Can I use my Montenegrin company to open a Stripe account?

No, Stripe is not directly supported in Montenegro. However, you can open a verified Stripe business account by setting up a UK based company using Osome's services.

Q2: Why should I choose to set up a UK based company?

Setting up a UK based company allows you to access the benefits and features offered by Stripe, including their secure payment processing system and extensive integrations. It also provides you with a global reach and expands your business opportunities.

Q3: What documents do I need to provide to Osome?

You will need to provide identification documents, business details, and proof of address to Osome. They will guide you on the specific requirements based on your business structure.

Q4: How long does the company incorporation process take?

The duration of the company incorporation process can vary depending on various factors, but with Osome's expertise, it is typically a streamlined and efficient process.

Q5: Can I start accepting payments immediately after opening a Stripe account?

Once you have opened a verified Stripe business account, you can start accepting payments through Stripe. However, it's important to ensure proper integration and configuration with your website or online platform for a seamless payment experience.