According to the new Law on Companies, all joint stock companies and limited liability companies are obliged to harmonize their organization with the law and perform a registration of alterations within nine months of the day of enforcing the law, while all other companies are obliged to do the same within eighteen months. Partnerships and […]
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COVID MNE INFORMATION
The new Law Business Entities has been adopted
The new Law on Business Entities has been published on the 3, July 2020 in the “Official Gazette of Montenegro” No. 065/20 and it came into force on 11 July of the same year. This new law regulates the key issues concerning the business entities and now it is harmonized with EU “company directives”.
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 […]
TENDER FOR THE CONSTRUCTION OF BRAJICI WIND FARM LAUNCHED
Montenegrin Ministry of Economy has launched a tender for the construction of Brajici wind farm with installed capacity of at least 70 MW. Tender includes 30-year concession for a lease of 13.8 million square meters land plot in Brajici intended for the construction of a wind farm, with annual fee. Detailed information about this tender […]
Investment potentials of the Capital City of Podgorica
The Law Office Vujacic representatives attended to the Austrian Business Circle event held in Hotel Podgorica in June 2019, where the Manager of the Capital City of Podgorica Mr Marjan Junčaj has presented investment potential of the Capital City of Podgorica. Mr Juncaj presented current and potential projects, and initiative regarding the encourage economic development. […]
The new Law on immovable Property Tax has been adopted
The new Law on Immovable Property Tax has been published on the 30, April 2019 in the “Official Gazette of Montenegro” No. 25/19 and it came into force on 8 May of the same year. This new law regulates the basic elements of tax on immovable property. By this law, the objects of taxation, illegal buildings, […]
Decision on Privatization Plan for 2019 has been published in the Official Gazette No. 013/19 of 01 March 2019
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. Decision on Privatization Plan for 2019 sets out the goals and […]
Residence in Montenegro
Main information about the residence in Montenegro you can find in our short brochure. Click here to download pdf document
Amendments to the Law on Foreigners
Amendments to the Law on Foreigners has been published in January 2019 in the “Official Gazette of Montenegro” No. 03/19 Below are highlighted some important amendments: It is prescribed possession of minimum 1/2 ownership right as a new condition for the residence permit based on real estate ownership; It is prescribe possibility to obtain the resident […]