Accounting Montenegro

Accounting services for modern companies

Office Montenegro provides professional bookkeeping, tax advisory, payroll, financial reporting and administrative support for local and international businesses operating in Montenegro.

Our accounting team supports entrepreneurs, startups, small and medium-sized companies, real estate investors and international clients who need accurate records, clear tax guidance, compliant reporting and reliable business administration in Montenegro.

Our Story

Learn more about us

We support entrepreneurs, startups, small and medium-sized businesses, as well as large enterprises. Our team works with companies across a wide range of industries, with particular expertise in the IT sector, where we understand the needs of modern and international businesses.

In addition to IT, we successfully support clients in trade, tourism, construction, real estate, logistics, manufacturing, and many other industries.

Modern and transparent

We utilize modern and standardized accounting software solutions that ensure efficient financial management, accurate reporting, and full transparency of financial data. Our clients benefit from easy access to information and real-time insight into their business performance whenever needed.

Proven client trust

The quality of our services is reflected in our 5.0 Google rating, earned through long-term client relationships, professionalism, and dedication to delivering exceptional service.

Security by design

Data security and operational reliability are at the core of everything we do. We maintain professional liability insurance, implement the highest standards of data protection, and use advanced backup and security systems to safeguard all financial and business information.

Whether you are launching a new business or managing an established company, we provide expert support tailored to your specific needs, with a focus on accuracy, efficiency, compliance, and sustainable growth.

Trusted Support for Your Growth.

We are strong team who brings innovative ideas into production.
Jelena Kapetanović
Founder, certified accountant

Jelena Kapetanović

Founder, certified accountant

Đordje Kovijanić

Founder

Milica Radanović Papić

Legal manager

Danijela Mićković

Accountant

Ana Rašović

Authorized translator

Nađa Barović

Administrative worker

Marijana Petričić

Certified accountant

Accounting Services in Montenegro

If you're looking for a reliable Montenegro accountant to support your business, we offer fast, transparent and affordable services tailored to your needs.Our certified accountants specialize in bookkeeping, tax advisory, and company registration.

Incorporation

The entire company incorporation process in Montenegro takes no more than a week, including registration, tax ID issuance, and bank account setup, making it efficient for foreign and local entrepreneurs alike.

Bankruptcy

In case you want to declare bankruptcy and thus initiate the termination of your company.

Work Permits

We provide assistance in obtaining work and residence permits based on employment, family reunification or property ownership, as well as a seasonal work permit or a two-year digital nomad visa. Our services are available in all Montenegrin cities.

Accounting

Calculation of employee salaries, accounting of bank transactions, import/export entries, VAT reporting, annual financial reports, and consolidated balance sheets. All services can be done online. Insurance coverage minimizes risks of unexpected costs due to potential errors.

Voluntary liquidation of the company

Voluntary liquidation of the company - in case your company has no debts, it can be liquidated within 7 business days.

Deregistration and registration of employees, registration for VAT

Deregistration and registration of employees, registration for VAT - registration and deregistration of employees in/out of the Tax Administration system, registration of the company in the VAT system.

Status changes & Office address

Status changes - changes related to the address, company name, ownership structure, core activity. Office address - we offer registration of your company at our address.

Tax reporting and tax refund

Tax reporting and tax refund - services related to the preparation of the annual financial report and submissions for the refund of overpaid tax.

Permits and licenses

Permits and licenses - services for obtaining permits and licenses that may be required for the unhindered conduct of business throughout the territory of Montenegro.

Real estate in Montenegro

In cooperation with our very reliable business partners, we can find a property that fits your budget in the fastest and safest way.

Opening a bank account

We provide assistance to residents and non-residents when topening a international and domestic bank account in Montenegro . All banks in Montenegro are safe and guarantee fast business. We can provide assistance to companies that want to open an account, but also to persons who intend to do business partly in Montenegro.

FAQ

Frequently Asked Questions

Clear answers about living, company formation, banking, tax, real estate and doing business in Montenegro.

Open full FAQ

01. Can a foreigner establish a company in Montenegro?: Yes. Foreign nationals can establish and own companies in Montenegro. The most common structure is a Limited Liability Company (LLC / DOO). Registration, tax, beneficial-ownership, and sector-specific requirements still apply.
02. Can a foreigner obtain a residence permit in Montenegro?: Yes. Temporary residence may be granted on legal grounds such as employment, family reunification, studies, property ownership under applicable conditions, and other purposes defined by law. Company ownership by itself should not be treated as an automatic right to residence.
03. Can a foreigner open a bank account in Montenegro?: Yes, subject to the bank’s acceptance, identification, source-of-funds checks, and internal compliance policy. Banks may request proof of residence, income, business purpose, tax residence, or additional documentation.
04. Can a foreigner invoice clients in Montenegro?: Yes. After registering the appropriate company or business activity and completing applicable tax and fiscalization requirements, invoices may be issued to domestic and international clients.
05. What is the minimum salary in Montenegro?: The minimum net salary is currently €600 for positions up to qualification level V and €800 for positions requiring qualification level VI or higher. Payroll treatment depends on the employee’s position, qualifications, and current labour and tax rules.
06. What is the VAT rate in Montenegro?: The standard VAT rate is 21%. Reduced rates of 15% and 7% apply to specifically defined goods and services, while certain supplies may be zero-rated or exempt.
07. Is it possible to register a company at your office address?: Yes. Where the service provider has a suitable legal right to the premises and provides registered-office or virtual-office services, a company may use that address subject to registration and compliance requirements.
08. Does a foreigner have access to the Montenegrin healthcare system?: Foreign residents may access healthcare according to their residence, employment, and insurance status. A valid residence permit alone does not replace the need to establish the applicable health-insurance entitlement.
09. Can a foreign-owned company employ other foreign nationals?: Yes. Foreign-owned companies may employ foreign nationals when immigration, labour, quota, registration, and permit requirements are satisfied.
10. Can a foreigner bring family members to Montenegro?: Yes. Eligible family members may apply for temporary residence through family reunification after the main applicant obtains a qualifying residence status.
11. Can family members obtain residence permits?: Yes. Spouses and dependent children are generally among the family members who may qualify, subject to documentation, accommodation, insurance, and other statutory conditions.
12. In which cities can a work permit be obtained?: Applications are handled through the competent authority based on the foreigner’s registered accommodation, employer’s registered office, or place of work, in accordance with the applicable procedure. Permits are not limited to one specific city.
13. Are pensions taxable in Montenegro?: The treatment depends on the source of the pension, tax residence, domestic law, and any applicable double taxation treaty. Montenegrin and foreign pensions should not be assumed to have identical treatment; individual review is recommended.
14. What documents are required for a work permit?: Requirements depend on the legal basis and position. Common documents include a valid passport, proof of accommodation and insurance, an employer’s written offer or employment documents, proof of qualifications, health evidence, and criminal-record documentation where required.
15. Is a visa required to enter Montenegro?: It depends on nationality, travel document, purpose, and intended duration of stay. The current visa regime should be checked before travel.
16. Can foreign children attend school in Montenegro?: Yes. Children with the required legal status may enrol in public or private schools, subject to enrolment, document-recognition, language, and school-capacity requirements.
17. Do foreign children have access to healthcare?: Yes, where the child has valid health-insurance coverage or another legal basis for care. Coverage and payment conditions should be confirmed for the family’s specific status.
18. Can foreign children attend kindergarten?: Yes. Foreign children may enrol in public or private preschool institutions, subject to legal status, documentation, available capacity, and fees where applicable.
19. Are foreign families eligible for child benefits?: Eligibility depends on residence status, insurance and social-protection rules, family circumstances, and the statutory conditions for the specific benefit.
20. Do social security contributions count toward retirement benefits?: Contributions properly registered and paid in Montenegro form part of the individual’s Montenegrin insurance record. Recognition across countries depends on domestic rules and applicable bilateral social-security agreements.
21. Can pets legally reside in Montenegro?: Yes. Pets may be imported and kept in Montenegro when identification, vaccination, veterinary certificate, customs, and other entry requirements are met.

22. Can a foreigner obtain a Montenegrin driver’s license?: Yes. Depending on the issuing country and applicable reciprocity or agreement, a foreign licence may be exchanged or the applicant may need to complete local testing and medical requirements.
23. Can a foreigner register a vehicle in Montenegro?: Yes. Individuals with the necessary residence and ownership documentation may register a vehicle, subject to customs, insurance, technical inspection, tax, and registration requirements.
24. Can a foreigner open a personal bank account?: Yes, but account opening is subject to each bank’s due diligence and commercial decision. Non-residents may face additional documentation requirements.
25. Can a foreigner purchase real estate in Montenegro?: Yes. Foreign nationals may generally purchase apartments, houses, commercial property, and many land categories, subject to restrictions in ownership law and transaction-specific checks.
26. Can property ownership support a residence application?: Property ownership may provide a legal basis for temporary residence only when current statutory conditions are met, including any applicable minimum-value or property-category rules. It does not automatically guarantee approval or a work right.
27. Can a foreigner buy land in Montenegro?: Yes, subject to restrictions for agricultural land, protected areas, border zones, islands, strategically important property, and other categories defined by law. Legal due diligence is essential before purchase.
28. Can a foreigner build a house on purchased land?: Yes, if ownership is permitted, the parcel is eligible for development, and all planning, design, utility, notification, and construction requirements are satisfied.
29. Can a foreigner rent out property in Montenegro?: Yes. Owners may lease property, but rental registration, tourism rules, tax, fiscalization, guest-registration, and local requirements may apply depending on the type and duration of rental.
30. Can a foreigner obtain a Tax Residency Certificate?: Yes. A person who qualifies as a Montenegrin tax resident and provides the required evidence may apply to the Tax Administration for a tax-residence certificate.
31. Must tax residents pay taxes in Montenegro?: Tax residents are subject to Montenegrin taxation under domestic law, potentially including foreign-source income. Exemptions, foreign tax credits, and tax treaties may change the final treatment.
32. Can a foreign-owned company import goods?: Yes. A registered company may conduct import activities when its registration, customs, VAT, product-safety, licensing, and sector-specific obligations are met.
33. Can a foreigner establish an LLC (DOO)?: Yes. A foreign national may generally be the sole shareholder and director of a Montenegrin LLC, subject to current company, immigration, employment, and substance requirements.
34. Can a company conduct re-export activities?: Yes. Montenegrin companies may engage in international trade and re-export operations, subject to customs, sanctions, licensing, origin, VAT, and product-specific rules.
35. Can a foreigner register a service-based business?: Yes. Foreign nationals may establish service businesses. Certain professions and regulated activities require licences, recognised qualifications, or additional approvals.
36. Can a foreigner obtain a Montenegrin phone number?: Yes. Prepaid and postpaid services are available from local operators. Identification is required, and postpaid contracts may require residence, payment, or additional documentation.
37. Can a foreigner obtain a bank loan?: Potentially. Approval depends on verified income, collateral, creditworthiness, residence status, repayment capacity, and the bank’s internal policy. There is no automatic entitlement to financing.
38. Can personal belongings and furniture be moved to Montenegro?: Yes. Personal belongings may be imported under customs rules. Reliefs may be available when transferring residence, but eligibility, inventory, value, timing, and supporting evidence requirements apply.
39. Can a company invoice foreign clients from Montenegro?: Yes. Montenegrin companies may provide services internationally and invoice foreign clients, subject to VAT place-of-supply rules, fiscalization, foreign-trade, sanctions, and banking documentation requirements.
40. Can a foreigner obtain permanent residence?: Yes. Permanent residence may be granted after the required period of lawful temporary residence and satisfaction of continuity, absence, documentation, and other statutory conditions. Not every temporary-residence period is necessarily counted in the same way.
41. Can a company open a non-resident bank account?: Some Montenegrin banks offer accounts to non-resident companies. Availability depends on business purpose, jurisdiction, ownership, economic substance, risk assessment, and full KYC/AML review.