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”.
Deadline for Business Harmonization with the new Law on Companies
September 20, 2020
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.