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Legal Update – Montenegro

Tax Administration Introduces the Possibility of Electronic Registration of Business Entities

The Tax Administration of is implementing a project that will enable the electronic registration of economic entities as well as several other electronic services related to the register of economic entities through the eFirma portal (https://efirma.tax.gov.me). The completion of the entire project, which is planned in the mid-2021, will establish a system for electronic registration of all types of economic entities, making changes to registration data, as well as additional services that will reduce to the minimum a need to visit the Central Register of Economic Entities.

Within the first phase of this project starting December 25, 2020, electronic registration of one-member limited liability companies for resident founders will be possible with a minimum capital of 1 EUR. Electronic registration of changes in the address and activities of the company will be also be possible, with the possession of a certified electronic signature.

In addition, electronic services for ordering certificates issued by CRPS (including extract and certificate of activity) will be established on December 25, 2020.

You can find more information on the official website of the Tax Administration of Montenegro.

 

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.