Company

Company Formation in Montenegro

Complete guide to establishing an LLC (limited liability company) in Montenegro. Registration electronically via the IRMS portal (since 2026, previously CRPS/eFirma), costs €80-210, timeline 4-7 days.

4-7 business days
€80-210
6 steps
Updated: 03.09.2026

Key facts

  • LLC formation cost: €80–210 (notary, CRPS fee, capital, company stamp).
  • Registration decision takes 4–7 business days.
  • Applications go electronically through the IRMS portal (irms.tax.gov.me).
  • Minimum share capital for an LLC is just €1 — no large deposit needed.

Procedure

On the CRPS website (Central Register of Business Entities) check whether your desired company name is available. The search is free.

Founder15 minutes

Enter your proposed company name. The search queries the IRMS public business registry of Montenegro directly.

The articles of incorporation and bylaws are prepared at a notary. Certified copies of IDs or passports of all founders and certified signatures of directors are required. For foreign founders: certified translation of passport with apostille.

Founder / notary1-2 days
Articles of incorporation (notarised)BylawsCertified director signaturesCopy of ID / passport of founder

Foreign citizens can establish a company without restrictions. A work permit is not required for a founder, but is required to work in the company.

Statute and founding agreement templates

Official templates from the IRMS portal — download, fill in, and have notarised.

Since 2026 the application is submitted electronically via the IRMS portal (previously eFirma) or in person at the CRPS office. Complete documentation and proof of fee payment (€10) are attached.

Founder / authorised representative1 day
Registration applicationProof of fee payment (€10)

CRPS processes the application and issues a registration decision. The TIN (tax identification number) is assigned automatically upon registration. Processing time: up to 4 business days.

CRPSUp to 4 business days
Registration decision

After receiving the registration decision, the company must open a business account at a Montenegrin bank. You need to bring the decision, articles of incorporation and personal documents.

Director / founder1-2 days
Registration decisionArticles of incorporationDirector's personal documents

Register employees with the Tax Administration by submitting the IOPPD return. If turnover exceeds €30,000 (or voluntarily), register for VAT.

Director / accountant1-3 days
IOPPD returnEmployment contracts

The minimum share capital for an LLC is only €1. For a joint-stock company (AD) it is €25,000.

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Legal entity forms

FormAbbreviationMin. capital
Limited liability companyd.o.o.€1
Joint-stock companya.d.€25,000
Sole proprietor—None

LLC formation costs

ItemAmount
Notary certification€50–150
CRPS fee€10
Share capital€1
Stamp€20–50
Total (approximate)€80–210

Additional notes

If you use a lawyer or agency, costs increase by €200-500.

Tax obligations after formation: corporate income tax (9/12/15%), VAT (if turnover > €30,000), personal income tax on employees, social contributions.

For questions and support: IRMS portal (https://irms.tax.gov.me/public/), email [email protected], tel. 19707.

Required Documents

FAQ

Where can I check whether a company is registered in Montenegro?+

CRPS (Central Register of Business and Other Entities) is the register in which all companies and entrepreneurs in Montenegro are entered (Companies Act, Art. 5 para. 1). The public search is free: https://irms.tax.gov.me/public/search-register/business-entities. Registered data are published on the CRPS website and third parties are deemed to be acquainted with them from the date of publication; 15 days after publication they can no longer argue before other authorities that they could not have known those data (Art. 5 paras. 4 and 5). A company must use in legal dealings the business name registered in CRPS (Art. 26 para. 1), so the name on a quote, invoice or contract must match the one in the register.

Is there an official list of lawyers or consultancy firms that help with company formation?+

No — the state does not publish a recommended list of private lawyers, accountants or consultancy agencies, and this portal does not recommend any either. What you can check is whether a particular firm is registered at all and for which principal activity, using the free CRPS public search (https://irms.tax.gov.me/public/search-register/business-entities). You can also do the formation yourself: since 2026 the application is filed electronically through the IRMS portal, the CRPS fee is €10, and a notary is needed for the founding act and signature certification. For questions about the procedure itself: [email protected], tel. 19707.

I don't speak Montenegrin — who can help me fill in the forms and run the procedure?+

The public authority conducts administrative proceedings in Montenegrin, but if a party or another participant does not understand Montenegrin, the authority is obliged to provide translation of the course of the proceedings into their language or a language they understand, and to deliver summonses and other documents in their language and script (Law on Administrative Procedure, Art. 9). That is a duty of the authority, not a service you have to request and pay for separately. You may also appoint a proxy (punomoćnik) — an attorney or any other legally capable person — to represent you in the procedure, except in acts where the party has to give statements personally; the power of attorney may be made in writing or given orally into the record, and if the authority doubts the authenticity of a written one it will order a certified power of attorney to be submitted (Art. 56 paras. 1 and 2). The authority is in any case obliged to enable you to exercise your rights as easily and efficiently as possible, and a party's lack of knowledge or inexperience may not be to the detriment of the protection of their rights and legal interests (Art. 8 paras. 1 and 3). The state publishes no service that fills the forms in on your behalf — what you are entitled to is translation during the procedure and representation through a proxy. For the registration itself: the business name must be in Montenegrin or in a language in official use in Montenegro, in Latin or Cyrillic script, although the distinctive part of the name may exceptionally be in a foreign language (Companies Act, Art. 25). If you are registering a branch of a foreign company, the application must include a certified copy of the statute and a translation of the statute or founding act into Montenegrin certified by a court interpreter (Art. 547 para. 1 item 6). For questions about the procedure: [email protected], tel. 19707.

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