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1

Certify the company’s founding agreements

Agency : Basic Court and Notaries

Lawyers are no longer authorized to do the certification of corporate documents. The applicant certifies company documents at the basic court and certifies copies at municipalities. Certification fees vary depending on the number of pages, documents, and so forth.


Montenegrin Notary Chamber was established on 29 April 2011, and on 25 June 2011 they started operating when almost all work in relation with notarization-certification has been relocated from basic courts to public notaries. 

The total cost is: 21 Euro (13 Euro for the court + 2 Euro for each copy of documents such as passport).

Notarization of the OP form - 10 Euro

2

Submit the request together with the necessary documents and obtain the registration certificate, TIN (tax identification number), VAT tax number and customs authorization

Agency : Central Registry of Business Entities of the Tax Administration (CRBE)

The applicant first checks the company name online at no charge (www.crps.me); name reservation is not required, but is available for additional fee. After that, applicant comes to the Central Registry of Business Entities located at the Tax authority with completed documents and registers the name and company. At the registry, separate counter exists for LLC registration and payment of relevant fees can be done at the same place.


The Central Registry of Business Entities prepares text for the announcement of company formation. The registry also estimates the publication fee (based on notice length) and sends all notices to the Official Gazette, which are published in the upcoming issue. Publication time is 10–15 days. However, subsequent procedures do not depend on the announcement, so the client can continue to form the company regardless of the publication date.


Required documents for registration are:

1. Article of Incorporation (Statute);

2. Founding decision (Agreement) signed by the notary;

3. Registration Form PS01: list of founders, members of a company, managers and members of the board of directors, if they are appointed:

(a) the first and surnames and any former names;

(b) their personal identification number;

(c) their residential addresses;

(d) their citizenship;

(e) details of any other directorships, memberships in limited liability companies or partnerships, or other management positions held in Montenegro or elsewhere and the place of registration of such companies if not in Montenegro; name of an executive director; name of the company, address of the seat of the company and address for receiving official correspondence, if they are different; persons authorized to represent the company and information if the representation is collective or individual; a document which would confirm payment of registration fee.

3

Obtain company's seal

Agency : Seal maker

The company seal or stamp is a core instrument in company legal transactions. The company orders a seal or stamp upon registering with the Company Registry because it is essential for subsequent company transactions including opening a bank account and registration with Tax Authority. The seal is made on the day it is ordered. Cost varies from 20 to 40 Euro.


Even though as of 2011 the use of seal is not mandated by law, it is still widely used in practice.

4

Open a bank account

Agency : Commercial Bank

The companies must open a bank account in order to register with Tax Authority.

Request for opening of the bank account is submitted on the form ZZOUR of the bank, by post or personally, and it has to have the following information:

- Name of the requesting party

- Address of the seat of the company and the telephone

- Name of the account


Besides the form ZZOUR, an entrepreneur has to submit the following documents:


1. A confirmation of the Central Registry of Commercial Entities in Podgorica on registration (validated copy),

2. A contract on opening of the account and keeping the account (is closed in a bank),
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3. A card of the deposited signatures (is received in the bank),

4. OP (validation of the signature),

5. A document on tax identification number (PIB) by the Tax Authority of Montenegro,

6. Photocopy of IDs of authorized persons of the company.

5

Register with Tax Authority

Agency : Tax Authority

The company must file a bank account certificate as well as single registration form (JPR) to register the company and its employees with the Tax Administration. Registration is then automatically done with the Employment Bureau, the Pension Fund, and the Health Fund.

6

Notify the competent inspection authority and the municipal authority in charge of economic affairs

Agency : Municipality

New reforms abolished the license and made it sufficient to have a notification. If the Company is engaged in trade, it pays the administrative fee in the amount of 3 Euro within the municipal authority in charge of economic affairs for the notification.