Company Registration Procedure in Montenegro
Registering a company in Montenegro is generally straightforward, but the exact timing depends on document readiness, the founders, CRPS review, beneficial-owner registration, bank compliance, and the nature of the activity.
A professional representative can prepare and submit much of the process, while certain steps—especially banking and regulated activities—may still require the director or founder to participate personally.
1. Authorise a Representative
A foreign founder may sign a Power of Attorney before a notary to authorise a local agency or lawyer to prepare and submit registration documents. This is optional but often saves time. A foreign-issued power of attorney may require apostille or legalisation and a certified Montenegrin translation.
2. Prepare and Submit the CRPS Registration
The incorporation application is submitted to the Central Register of Business and Other Entities (CRPS), now supported by the Tax Administration’s IRMS environment.
- Proposed company name
- Primary and additional business activities
- Founder or shareholder information
- Executive director and authorised representatives
- Registered office address
- Founding decision or articles and required declarations
3. Complete Post-Registration Formalities
The company should collect its registration documentation, register the ultimate beneficial owner where required, establish accounting records, and complete activity-specific registrations.
A company seal is no longer generally mandatory, although some businesses still obtain one for practical use with counterparties or legacy processes.
4. Prepare the Director’s Banking Documents
Banks commonly request a signature specimen and may require notarisation. Requirements vary by bank and can include corporate documents, ownership structure, expected transactions, source of funds, tax residence, business plan, contracts, and proof of address.
5. Open a Corporate Bank Account
- CRPS registration documents
- Tax identification number
- Director and beneficial-owner identification
- Signature specimen where requested
- Company contact and business information
- Source-of-funds and transaction-purpose evidence
6. Fiscalization and Readiness to Operate
Before issuing invoices or receipts that fall within the fiscalization system, the company must complete the applicable electronic fiscalization setup. An accountant or specialist typically coordinates this process.
- Select compliant fiscalization software
- Obtain the required digital certificate
- Register business premises and operators where applicable
- Connect to the Tax Administration system
- Test and activate invoice reporting
Process Summary
Power of Attorney where used → preparation of incorporation documents → CRPS registration → tax and beneficial-owner registration → accounting setup → banking due diligence → corporate account → fiscalization and activity-specific permits → start of operations.