Complete Guide: Register a Joint Stock Company in Montenegro

30 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 joint-stock company (JSC) is defined in the Law on Business Organizations (http://www.mipa.co.me/en/legislation/). When registering a joint-stock company, it is necessary to download and submit the following to the Central Registry of Business Entities (http://www.crps.me/):

1. Develop Articles of Incorporation of the company, download articles of incorporation for a joint-stock company;
2. Develop a founding act of the joint stock company and certify it at the court, or by a notary. Download an example on the incorporation agreement of the joint-stock company;
3. Develop a decision on the appointment of the Board of Directors, auditors, secretary and executive director;
4. Take out a decision of the Securities Commission (a minimum founding stake is 25,000.00 EUR);
5. Pay to the account of the Tax Administration 50.00 EUR, bank account: 832-3161-26;
6. Step 6. Pay to the account of the Official Gazette of MNE 12.00 EUR, bank account: 520-941100-57;
7. Fill in the registration form PS01;
8. Submit the collected and certified documents (Articles of Incorporation, certified decisions/agreements in 2 copies, certified copies of the ID or passport, application for registration in 2 copies, decision of the Securities Commission, founding act, payment slips) to the Central Registry of the Commercial Court, 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 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.

If the company wants to apply for registration as a payer of value added tax (VAT), the PR PDV-1 form will be filled in, and then submitted together with other documents required for registration. If the company wants to apply for entry into the register of excise duty payers, the AKC-P form will be filled in, and then submitted together with other documents required for registration.

The founding stake for the establishment of a JSC is at least 25,000.00 EUR and these funds are deposited by the founders with a commercial bank until the establishment of the company. After the establishment of the company, the funds are used for the company’s operations.

Source: Ministry of Foreign Affairs of Montenegro