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”.
The Ultimate Beneficial Owners Register Established
August 30, 2021
In July 2021 the Revenue and Customs Administration of Montenegro established the Register of Ultimate Beneficial Owners (UBO Register) within the Central Registry of Business