Skip to content
  • Who we are
    • About Us
    • Team
    • International Network
    • Testimonials
    • Awards
    • Careers
  • Highlights
    • Our praxis/investments
    • Rankings
  • Connectivity
    • Networks
    • Directories
  • Practice Areas
  • Contact
  • News
Menu
  • Who we are
    • About Us
    • Team
    • International Network
    • Testimonials
    • Awards
    • Careers
  • Highlights
    • Our praxis/investments
    • Rankings
  • Connectivity
    • Networks
    • Directories
  • Practice Areas
  • Contact
  • News
Search
Close
  • EN
    • ME
  • Home
  • Who we are
    • About Us
    • Team
    • International Network
    • Testimonials
    • Awards
    • Careers
  • Highlights
    • Our praxis/investments
    • Rankings
  • Connectivity
    • Networks
    • Directories
  • Practice Areas
  • Contact
  • News
  • EN
  • ME
  • December 13, 2019
  • Category: News

New restrictions on opening bank accounts for companies founded by legal entities from offhore destinations

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.

Regardless the fact that there are no any legal restriction that the company from offshore destination establish an limited liability company and register it at the Central Register of Legal entities of Montenegro, the banks in Montenegro reject to open the bank accounts for such local companies in accordance to their new rules and instruction of Central bank of Montenegro.

Therefore, we recommend to any possible foreign investor who is interested in expanding the business in Montenegro to check all steps for doing business in Montenegro, especially since changes happen in different areas connected with the business very often.

Jelena Vujisic, Partner

  • TAGS: business in Montenegro, companies registered in Montenegro, corporate bank account
PrevA tender for the construction of Brajici wind farm launched
Amendments to the Law on ForeignersNext

Latest news

CEE DEAL OF THE YEAR AWARDS JURY PARTICIPATION

April 10, 2023

Law Office Vujacic Partner Mr Sasa Vujacic has been selected to join the Final Selection Committee for the 2022 CEE Deals of the Year Awards —

New Amendments to the Set of Tax Laws

March 15, 2023

At the extraordinary session of the Parliament of Montenegro held on  February 28, 2023 a set of tax acts was adopted. The Parliamentary Committee for

Decision on Privatization Plan for 2023 has been published in the Official Gazette

February 17, 2023

The Government of Montenegro, at the session held on 20, January 2023, passed Decision about The Privatization Plan for 2023 which was published in the

See all our news
  • Who we are
    • About Us
    • Team
    • International Network
    • Testimonials
    • Awards
    • Careers
  • Highlights
    • Our praxis/investments
    • Rankings
  • Connectivity
    • Networks
    • Directories
  • Practice Areas
  • Contact
  • News
Menu
  • Who we are
    • About Us
    • Team
    • International Network
    • Testimonials
    • Awards
    • Careers
  • Highlights
    • Our praxis/investments
    • Rankings
  • Connectivity
    • Networks
    • Directories
  • Practice Areas
  • Contact
  • News

Follow us

Linkedin Facebook-square

Follow us

Linkedin Facebook-square

© 2021 Law Office Vujacic | Law Offices