30. 10. 2025.
Have you just registered your company in Montenegro? Congratulations!
Company formation is only the first step – for your business to truly come to life, you need to complete a series of obligations and formalities. This guide will help ensure everything is done in accordance with the law and that your company has a solid foundation for growth.
1. COMPANY REGISTRATION AND TIN IN CRPS
The first step is registration with the Central Registry of Business Entities (CRPS) in Podgorica. After that, you will receive:
2. VAT REGISTRATION
If you expect your annual turnover to exceed €30,000, it is necessary to register for Value Added Tax (VAT).
Registration is carried out through the Tax Administration, allowing you to legally calculate and report VAT.
3. RESIDENCE AND WORK PERMIT FOR THE EXECUTIVE DIRECTOR
If the company director is not a resident of Montenegro, they must obtain a work and residence permit.
This permit allows the director to legally reside in the country and carry out business activities.
4. OPENING A BUSINESS BANK ACCOUNT
Without a bank account, the company cannot operate.
The account is opened with one of the local banks and registered with the Tax Administration, ensuring transparent and lawful business operations.
5. INSURANCE REGISTRATION FOR THE DIRECTOR
The executive director must be registered for health and pension insurance through the Tax Administration.
This is a legal obligation and ensures inclusion in the social security system.
6. MUNICIPAL WORK PERMIT
Depending on the activity you are engaged in, a local work permit from the municipality may be required.
This permit confirms that your business complies with safety standards, premises regulations, and local requirements.
7. ACCOUNTING AND BOOKKEEPING SYSTEMS
One of the most important steps is to hire an experienced accountant.
A good accountant will help you:
Our team of experts is ready to take over your bookkeeping so that you can focus on growing and developing your business.
