Complete Guide: Register a Limited Liability Company in Montenegro

23 January 2019 - Foreign legal and natural persons have the right to establish a company in Montenegro under the same conditions as nationals. The most common forms of companies are: limited liability company (LLC) and joint stock company (JSC).

All regulations regarding the establishment, operation and taxation system are compliant with European standards with benefits for foreign investors. The deadline for registration with the Commercial Court is a maximum of 4 days, while other duties (statistics – company registration number, entry into the tax records, opening a current account, registration in customs records) are completed within a maximum of 3 days.

The process of establishing a limited liability company (LLC) is defined by the Law on Business Organizations (http://www.mipa.co.me/en/legislation/). When registering an LLC, it is necessary to download and submit the following to the Central Registry of Business Entities – CRBE (http://www.crps.me/):

1. Develop Articles of Incorporation of the company, download an example of articles of incorporation for a single-member company (if one founder founds the company);
2. Download an example of the Articles of Incorporation for a multi-member company (if several founders establish the company);
3. Draw up a Decision on the establishment of the company (if one founder establishes the company), download an example of the Decision on the Establishment;
4. Develop an incorporation agreement (if several founders establish the company), download an example of the incorporation agreement;
5. Pay €10 into the account of the Tax Administration, account number: 832-3161-26, payment purpose: registration of LLC. Payment slip example on the website of CRBE;
6. Step 4. Pay €12 into the account of the Official Gazette of MNE, account number: 520- 941100-57, payment purpose: registration of LLC. Payment slip example on the website of CRBE;
7. Certify the decision/agreement in 2 copies at the court, or by a notary;
8. Extract from the Central Depository Agency. When taking over the extract, it is needed to submit a copy of the identity card of the founder or a certified copy of the passport if the founder is a foreigner and a payment slip in the amount of €5.08 paid to the bank account of CDA: 510-8092-14, payment purpose: extract a fee. Payment slip example on the website of CRBE;
9. A copy of the identity card (if the founder is a Montenegrin national) or a certified copy of passport (if the founder is a foreign national). Certify at the court or by a notary;
10. Fill in the application of the company to start registration, download the registration form – PS 01; Tariff number – if the company wants to import and export products, when filling in the PS-01 form, it is necessary to mark the column numbered 15.4. Customs Register on the back page, for the company to be registered at the Customs Administration, on the occasion of which a tariff number is received;
11. If the company wants to apply for registration of taxpayers for value-added tax (VAT), the PR VAT – 1 form will be filled in and submitted together with other documents required for setting up a business;
12. If the company wants to apply for registration into the register of excise duty payers, the AKC – P form will be filled in and submitted together with other documents required for setting up a business;
13. Submit the collected and certified documents (Articles of Incorporation, certified decisions/agreements in 2 copies, CDA’s decision, copy of the ID or certified passport in 2 copies, payment slips and the application for registration, form pr pdv-1/akc-p) to the Central Registry of Tax Administration, Marka Miljanova 54, 81000 Podgorica, Tel: +382 (0) 20 230 858, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., working hours 08:30 – 12:00.

When submitting documents, a certificate will be issued including the number of the decision, to be presented together with an identification document upon the collecting the certificate of registration, seven days from the date of filing the application.

After obtaining the company registration certificate, it is necessary to do the following:

1. make a seal;
2. open a bank account;
3. register workers at the Tax Administration.

The incorporation agreement states the founding stake (which may be in cash, goods and rights), as well as the percentage ratio of the founders in the management and distribution of profits. The founding stake for the establishment of an LLC is at least €1.00.

Source: Ministry of Foreign Affairs of Montenegro