Company

Entrepreneur Registration

Sole proprietor registration in Montenegro via the IRMS portal (since 2026). Simple procedure, costs €30-80, lump-sum taxation up to €30,000 turnover (since 1 Jan 2025).

3-4 business days
€30-80
7 steps
Updated: 16.08.2026

Key facts

  • Registration costs €30–80; CRPS processes it within 4 business days.
  • Apply electronically via the IRMS portal (formerly eFirma) or at CRPS in person.
  • Request lump-sum tax (up to €30,000 turnover) within 5 days of registering.
  • A sole proprietor is liable with all personal assets, unlike an LLC (DOO).

Procedure

On the CRPS website, check whether your desired business name is available. The search is free and available online.

Future entrepreneur15 minutes

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

A copy of your ID card or passport is required. For foreign citizens: certified translation of passport. Additionally, prepare details about the business activity and registered address.

Future entrepreneur1 day
Copy of ID card / passport

Sole-proprietor founding decision template

Official template from the IRMS portal. Download, fill in, and attach to your registration application.

Since 2026 the application is submitted electronically via the IRMS portal (previously eFirma) or in person at the CRPS office (form PS-01a). Electronic registration is faster and simpler.

Future entrepreneur1 day
Registration application (PS-01a)Proof of fee payment

CRPS processes the application and assigns a TIN automatically. Processing time: up to 4 business days. After registration you receive a decision.

CRPSUp to 4 business days
Registration decision

With the registration decision, open a business account at a bank of your choice. You need the decision, personal document and stamp (if obtained).

Entrepreneur1 day
Registration decisionPersonal document

If your turnover does not exceed €30,000 a year (threshold since 1 Jan 2025, Art. 49 of the Personal Income Tax Law), you can apply for lump-sum taxation (ZPO form) — a new entrepreneur within 5 days of registration, otherwise by the end of January of the year for which the tax is assessed. Lump-sum taxpayers pay a fixed monthly amount without keeping accounting books. Lump-sum taxation is not available for excluded activities (lawyers, accountants, consultants, trade, hospitality etc.) or for VAT-registered entrepreneurs.

EntrepreneurZPO within 5 days of registration; decision within 15 days
ZPO form (lump-sum application)

If you exceed €30,000 in turnover during the year, you switch to regular taxation on actual income.

Since 1 Jan 2021 every invoice of a fiscalisation obligor — cash and non-cash — is signed electronically and sent in real time to the Tax Administration through the fiscal service (SEP portal), which returns the JIKR invoice code. You need software and an e-signature certificate, not a special "fiscal device"; business premises are registered 24 hours before first use (Law on Fiscalisation in the Sale of Products and Services, Art. 12 and 14).

Entrepreneur2-5 days

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Sole proprietor vs LLC

CriterionSole proprietorLLC
LiabilityAll personal assetsLimited to invested capital
RegistrationSimpler, IRMS onlineMore complex, notary + CRPS
Lump-sum taxYes (up to €30,000 turnover)No
Min. capitalNone€1
Contributions (employee)10.5%10.5%
Profit / income tax9-15% income9/12/15% profit

Additional notes

A sole proprietor is liable with all personal assets, unlike an LLC where liability is limited to invested capital.

Entrepreneur obligations: income tax (annual: 0% up to €8,400, 9% up to €12,000, 15% above — or lump sum), contributions for own insurance pension 10% + unemployment 1% (Contributions Law Art. 15 and 18), monthly tax advance and contributions by the end of the current month for the previous month (PIT Law Art. 48), VAT if turnover > €30,000, annual GPP-FL return by April 30.

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

Required Documents

Legal Basis

Competent Institutions

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