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The new law about legal entities/Law of The Companies was adopted at the Official Gazette No. 65/20 on the 03.07.2020 and is in force since the 16.07.2020/ when it was introduced in Montenegro.

“Things are moving in cycles [in Montenegro], as in most parts of the Balkans,“ says Partner Sasa Vujacic of Vujacic Law Offices. “This is an election year in Montenegro and that will be reflected on the business sector for sure, as we approach election day.“ Vujacic reports that the election date “should be no later than October of this year“ and says that, although more political influence will be felt in all sectors of business as it approaches, “not a lot of changes in Montenegro's political structure are to be expected."

In Montenegro, it is not possible to open any corporate bank account for companies registered in Montenegro if the founder of such company is a legal entity / company from an offshore destination as it is for example British Virgin Islands etc.

The Government of Montenegro, at the session of February 7, 2019, passed Decision about The Privatization Plan for 2019 which is published in the Official Gazette No. 013/19 of 01, March 2019 and it came into force on 9, April of the same year.

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