Start-Up

How to Register a Company (L.L.C.)

The procedure for establishing a limited liability company (L.L.C.) is defined by the Law on Business Companies. When registering an L.L.C., the following documents need to be submitted to the Central Registry of Business Entities:

Step 1: Draft a Decision on the Establishment of a Company (if the company is being founded by one founder), download a sample Decision on Establishment.

Step 1.1: Draft a Contract on the Establishment of a Company (if the company is being founded by multiple founders), download a sample Contract on Establishment.

Step 2: Draft the Articles of Association, download a sample Articles of Association for a single-member company (if the company is being founded by one founder).

Step 2.1: Download a sample Articles of Association for a multi-member company (if the company is being founded by multiple founders).

When selecting the primary and additional activities, use the list of activities provided in the Law on Classification of Activities (enter 4-digit codes). Download the Law on Classification of Activities.

Step 3: Pay €5.00 to the account of the Tax Administration, account number: 832-3161017-60, payment purpose: L.L.C. registration. See a sample completed payment slip.

Step 4: Pay €3.00 to the account of the Official Gazette of Montenegro, account number: 520-941100-57, payment purpose: L.L.C. registration. See a sample completed payment slip.

Step 5: Notarize the Decision/Contract in Court or with a Notary.

Step 6: Obtain an extract from the CDA (Central Clearing and Depository Company). When obtaining the extract at the address: Svetlane Kane Radević bb, 81000 Podgorica, you need to submit a copy of the founder’s ID card or passport (if the founder is a foreigner) and a payment slip in the amount of €6.05 paid to one of the CDA’s accounts: 510-8092-14 or 550-3143-63, payment purpose: fee for extract. See a sample completed payment slip.

Step 7: A copy of the ID card (if the founder is a Montenegrin citizen) or a copy of the passport (if the founder is a foreign citizen).

Step 8: Draft and sign (by the executive director) the consent of the executive director to the appointment, download the Executive Director’s Consent to Appointment.

Step 9: Complete the company registration application form, download the Registration Form – PS 01. Customs number – if the company intends to import and export products, it is necessary to mark column 15.4. Customs register on the last page of form PS-01, so that the company can be registered with the Customs Administration and receive a customs number.

Step 10.0: If the company wants to register for VAT (Value Added Tax), fill out form PR PDV – 1 available at the following link Form PR PDV – 1, and submit it together with the other required documents for establishing the company.

Step 10.1: If the company wants to register as an excise taxpayer, fill out form AKC – P available at the following link Form AKC – P, and submit it together with the other required documents for establishing the company.

Step 11: Bring the collected and notarized documentation (articles of association, notarized decision/contract, CDA extract, copy of ID card or passport, payment slips, and registration application, form PR PDV-1 / AKC-P) to the Central Registry of the Tax Administration, Vaka Đurovića 20, 81000 Podgorica, Tel: +382 (0)20 230 858, email: crps@t-com.me, business hours for clients 08:00 -12:30. Upon submitting the documentation, you will receive a confirmation with your solution number with which you can collect the registration confirmation a week after the application submission, using an identification document. You can also check on the website www.crps.me if your registration is completed with the confirmation number.

After receiving the company registration confirmation, the following needs to be done:

  • Create a company stamp (ensure the stamp design matches the description in the Articles of Association).
  • Open a bank account.
  • Register employees with the tax administration.

Source: Central Registry of Business Entities

How to Register a Company (Joint Stock Company)

The procedure for establishing a Joint Stock Company is defined by the Law on Business Companies. When registering a Joint Stock Company, the following documents need to be submitted to the Central Registry of Business Entities:

Step 1: Draft the Articles of Association, see an example of the Articles of Association for a joint stock company.

Step 2: Draft the Founding Act of the joint stock company and notarize it in Court or with a Notary. See an example of the Contract on the establishment of a joint stock company.

Step 3: Draft the Decision on the appointment of the board of directors, auditors, secretary, and executive director.

Step 4: Obtain a resolution from the Securities Commission (the minimum founding capital is 25,000.00 euros).

Step 5: Pay 50.00 euros to the account of the Tax Administration, account number: 832-3161017-60.

Step 6: Pay 12.00 euros to the account of the Official Gazette of Montenegro, account number: 520-941100-57.

Step 7: Fill out the registration form PS01, download a sample PS01 Form.

Step 8: Submit the collected and notarized documentation (articles of association, notarized decisions/contracts in 2 copies, notarized copies of ID cards or passports, registration application in 2 copies, resolution from the securities commission, founding act, payment slips) to the Central Registry of the Commercial Court, Vaka Đurovića 20, 81000 Podgorica, Tel: +382 (0)20 230 858, email: crps@t-com.me, business hours for clients 08:00-12:30. Upon submitting the documentation, you will receive a confirmation with your resolution number, with which you can collect the registration confirmation one week after the application submission. You can also check on the website www.crps.me if your registration is completed with the confirmation number.

After receiving the registration confirmation for the Joint Stock Company, the following needs to be done:

  • Create a company stamp (ensure the stamp design matches the description in the Articles of Association).
  • Open a bank account.
  • Register employees with the tax administration.

Note: If the company wants to register for VAT (Value Added Tax), fill out form PR PDV-1 available at the following link Form PR PDV-1, and submit it together with the other required documents for registration.

If the company wants to register as an excise taxpayer, fill out form AKC-P available at the following link Form AKC-P, and submit it together with the other required documents for registration.

Source: Central Registry of Business Entities

Entrepreneur

An entrepreneur is a natural person who engages in some activity for their own account with the aim of making a profit. Entrepreneurs are most commonly registered in the fields of crafts (independent craft shops), trade, and services.

To register as an entrepreneur, the following documents need to be submitted to the Central Registry of the Tax Administration:

Step 1: Complete the registration form for entrepreneurs, download the Form – Entrepreneur Registration.

Step 2: Pay 5.00 euros to the account of the Tax Administration, account number 832-3161017-60.

Step 3: Provide a copy of the entrepreneur’s ID card or a certified copy of the passport if the entrepreneur is a foreigner.

Step 4: Submit the collected and certified documentation to the Central Registry of the Tax Administration, Vaka Đurovića 20, 81000 Podgorica, Tel: +382 (0)20 230 858, email: crps@t-com.me, business hours for clients 08:00-12:30. Upon submitting the documentation, you will receive a confirmation with your resolution number, with which you can collect the registration confirmation one week after submitting the application, using an identification document. You can also check on the website www.crps.me if your registration is completed using the confirmation number.

After receiving the registration confirmation for the entrepreneur, the following needs to be done:

  • Create a company stamp.
  • Obtain a Tax Identification Number (PIB) from the tax administration.
  • Open a bank account.

Registration of Agricultural Holdings – Secretariat for Agriculture

According to the Law on Pension and Disability Insurance, agricultural activity represents the sole or main occupation that an agricultural holding performs to secure livelihood means.

The Rulebook on Performing Agricultural Activities as the Only and Main Occupation regulates the rights and obligations of agricultural holdings (“Official Gazette of the Republic of Montenegro,” no. 025/04 of 20.04.2004, “Official Gazette of Montenegro,” no. 067/08 of 06.11.2008). Based on this rulebook, farmers are entered into the Register of Agricultural Holdings, the content and method of maintaining which are prescribed by the Ministry of Agriculture, Forestry, and Water Management, which also manages the Register of Agricultural Holdings.

Step 1: Application with basic information (occupation, address, and phone number);

Step 2: Photocopy of the ID card or birth certificate;

Step 3: Possession list (proof that the applicant is the owner, co-owner, lessee, or concessionaire of agricultural land, or that they are in a household with the property holder);

Step 4: Certificate that the applicant engages in agriculture as the primary or main occupation (obtained from the municipal agricultural service);

Step 5: Certificate of household community (if the possession list is in the name of someone from the household) or an agreement on the use of agricultural land (if the farmer is a lessee or user);

Taxes and Contributions for Farmers

The Ministry of Agriculture, Forestry, and Water Management, after registering farmers in the Register of Farmers, submits an application or deregistration of insurance to the Pension and Disability Insurance Fund of Montenegro.

All changes related to mandatory insurance must be reported by persons entered in the Register of Farmers within 15 days of the change.

Based on the Regulation on Contribution Payment Reliefs for Agricultural Insurance, the basis for calculating contributions for insured farmers entered in the Register of Farmers is prescribed. The mandatory basis for calculating contributions is 12% of the average salary in Montenegro earned in the previous year.

The payment of contributions for pension and disability insurance for insured persons is made to the account of the Revenue Administration of Montenegro, number: 820-0000000030000-74, purpose: contribution for pension and disability insurance from natural persons who are owners, right holders, or usufructuaries of agricultural or forest land.

The contribution for pension and disability insurance for insured farmers is calculated quarterly by the Tax Administration.

Procedure for Registering a Rural Household

Form 1: Application for Rural Households (BLANK)

Form 1: Application for Rural Households (FILLED)

Form 2: CTR (BLANK)

Form 2: CTR (FILLED)

STEP 1 – Registration of an Agricultural Holding

To register rural tourism activities, you must first be registered as an agricultural holding. This registration is carried out in regional advisory services. Locations and responsible services for each municipality, along with contact information, can be found on these links:

The Ministry of Agriculture and Rural Development registers agricultural holdings in the Register of Agricultural Holdings. Agricultural holdings engaging in agricultural activities and owning agricultural land and/or animals can be entered into the Register.

Entry into the Register is the first step towards qualifying for incentives from the Agro-budget. Registration is voluntary and free, and can be done throughout the year. Entries and changes to data are made in the regional advisory office responsible for the residence of the head of the agricultural holding or the headquarters of the legal entity. The head of a family agricultural holding or the responsible person in a legal entity must submit the completed forms and accompanying documentation to the competent regional office.

Documents for Physical Persons – Farmers:

  1. Photocopy of the ID card of the head of the agricultural holding.
  2. Photocopies of ID cards of the household members.
  3. Proof of residence for the head of the agricultural holding.
  4. Proof from the Real Estate Administration – a copy of the property deed/list for all declared parcels.
  5. If the head is not the owner of the land with full rights, certified agreements/consents for land use from all co-owners must be provided.
  6. Proof of an open bank account (photocopy of the bank card).
  7. Proof of the number of animals from the Veterinary Administration database in the name of the head of the holding, if the holding has animals.

Documents for Legal Entities:

  1. Photocopy of the ID card of the responsible person.
  2. Excerpt from the Central Registry of Business Entities not older than 6 months.
  3. Proof from the Real Estate Administration – a copy of the property deed/list for all declared parcels.
  4. If the head (legal entity) is not the owner of the land with full rights, certified agreements/consents for land use from all co-owners must be provided.
  5. Proof of an open bank account.
  6. Proof/declaration of the number of employees.
  7. Photocopy of the deposited signature card.
  8. Proof of the number of animals from the Veterinary Administration database in the name of the holding (legal entity).

STEP 2 – Registration of Rural Tourism Activities

To perform rural tourism activities, an approval for providing hospitality services in the form of a rural household is required.

The Ministry of Sustainable Development and Tourism is responsible for issuing these approvals and has prescribed the conditions for issuance, which can be found on their website. Here is the text of those conditions:

Conditions for Issuing Approval for Hospitality Services – Rural Household:

  1. If the services are provided by a business entity, another legal entity, or an entrepreneur, proof of registration (excerpt from the CRPS) is required.
  2. Proof of registration of the business entity, other legal entity, entrepreneur, or physical person in the Register of Agricultural Holdings.
  3. To prove ownership or usage rights of the hospitality facility:
    • For individuals: proof of ownership/co-ownership of the facility – public document (excerpt from the property deed) or usage rights – confirmation from the local government or community proving usage rights.
    • For business entities, other legal entities, or entrepreneurs: excerpt from the property deed and a legal document (certified agreement, etc.) if it concerns the use or management of the hospitality facility.
  4. Proof of meeting staff requirements (manager of the hospitality facility):
    • Full-time employment contract.
    • Proof of at least the fourth level of qualifications under the national qualification framework.
  5. Completed application for entry into the Central Tourist Register (CTR).
  6. Proof of payment of 2 euros for the application fee to the ministry’s account no. 832-31614150-79.
  7. Meeting the minimum technical requirements regarding space, devices, and equipment in the hospitality facility verified by an authorized ministry representative according to the Rulebook on Minimum Technical Conditions, conditions for categorization, and the manner of categorization of facilities providing services in rural households.

Additional Requirements:

Hospitality facilities must also meet other conditions prescribed by special regulations (food safety, occupational safety, etc.). Compliance with these conditions is verified by the relevant inspection authorities.

Hospitality services in rural households can be provided by business entities, other legal entities, entrepreneurs, or individuals (domestic or foreign) who own/co-own the facility/land, with a maximum of 10 accommodation units – 20 beds.

Within the rural household hospitality facility, individuals can also organize and provide campsite services for a maximum of 15 accommodation units or 30 people simultaneously, in accordance with the Rulebook on Classification, Minimum Technical Conditions, and Categorization of Campsites.

Additionally, the application must include the contact phone number of the person who will accompany the verification of the minimum technical conditions in terms of space, devices, and equipment.

For further information, contact the authorized ministry official for administrative procedures at 020/446-262 and 067-263-578.

Process for Individuals:

  1. Fill out the application for approval of hospitality services – rural household (Form 1).
  2. Attach a copy of the registration decision of the agricultural holding.
  3. Attach a copy of the ownership/usage rights proof of the facility – public document (excerpt from the property deed) or usage rights confirmation from the local government or community.
  4. Complete the application for entry into the Central Tourist Register and attach it (Form 2).
  5. Pay the fee of 2 euros to the ministry’s account no. 832-31614150-79 and attach a copy of the payment slip.
  6. Send this documentation in an envelope via registered mail to:Ministry of Sustainable Development and Tourism Directorate for Monitoring Tourism Trends and Tourist Traffic – Directorate for Administrative Procedures – IV Proleterske brigade br. 19, 81000 Podgorica

If unsure how to fill out Forms 1 and 2, find examples of filled forms for a fictitious person here.

After submitting your application, the responsible ministry official will visit your household to check if you meet the conditions for approval issuance. Ensure that the facility is in good condition before the visit. Common reasons for non-approval include:

  • Unfinished floors, with only a carpet covering the concrete slab.
  • Unpainted rooms with stains on the walls.
  • Inadequate or non-existent bathroom facilities.

Please share your experiences during the visit and any reasons for non-approval to help inform other association members.

https://www.asistent.me/
https://www.ruralholiday.me/o-nama/procedura-za-registraciju-seoskog-domacinstva/
https://biznis.gov.me/

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