Business accounts: Montenegro
An honest assessment before work starts, the quote is fixed in writing.
Montenegro is an EU candidate country that uses the euro, although it is not part of the euro area. Banks are supervised by the Central Bank of Montenegro, and since 7 October 2025 Montenegrin banks have made euro transfers under Single Euro Payments Area rules, like EU banks. A business account here is opened mainly for a Montenegrin company: tourism and rentals, construction, trade, services and software development. For many foreigners a company in Montenegro is also a basis for temporary residence, so the bank looks especially closely at whether it actually operates.
Who will get an account
| Company | Chances | What else the bank will ask |
|---|---|---|
| Montenegrin company with an office, staff and clients | high | register extract, contracts, business description |
| Montenegrin company with a foreign owner at launch stage | medium | business plan, source of capital, owner's documents |
| Company set up only for a residence permit | low to medium | evidence of future business: contracts, office, staff |
| Foreign company with no business in Montenegro | low | a convincing business link to the country |
We will calculate online the cost of opening an account for your company and maintaining it for a year.
What the bank will check
- The Central Register of Business Entities extract, founding act and articles.
- The company's tax identification number and registered address in Montenegro.
- Passports of the executive director and beneficial owners; for corporate foreign founders, documents with legalisation and Montenegrin translation.
- What the company does, who its clients and suppliers are, in which countries and currencies payments will flow.
- Source of the share capital and of the owners' money: statements, contracts, documents on the sale of a business or assets.
How the opening works
| Stage | What happens | Time |
|---|---|---|
| 1. Assessment | owners, activities, payment countries, purpose of the company | 1-2 days |
| 2. Pack | company and owner documents, translations, business description | 1-2 weeks |
| 3. Review | director's meeting with the bank, questions on business and funds | from a few days to 3-4 weeks |
| 4. Setup | online banking, cards, payment terminals if needed | 1-3 days |
The director usually has to visit the bank in person to leave a specimen signature and answer questions. If they live abroad, we plan the visit together with other business in Montenegro, such as filing residence documents.
Company taxes and protection of funds
| Question | How it works |
|---|---|
| Corporate income tax | 9% on profit up to €100,000, 12% on the part from €100,000 to €1.5 million, 15% above |
| Dividend tax | 15% withheld on payment |
| Value added tax | 21%, with reduced rates |
| Deposit guarantee | up to €50,000 per depositor per bank, ~$56,100; up to €100,000 after EU accession |
Dollar amounts are converted at the European Central Bank rate of 5 October 2026 and rounded up. The bank compares account turnover with tax filings, so it is best to connect an accountant right after registration.
Who gets refused
The bank will refuse if the company has no clear business in Montenegro, if the source of money cannot be proven with documents, if the ownership structure is opaque, or if the company, its owners or counterparties are linked to sanctions. Companies set up only for a residence permit with no real activity are refused more often than others. We check whether the bank works with your citizenship before preparing documents.
What we do
Murblz specialists assess the chances before applying, choose a bank for your business and payment countries, prepare company and owner documents with translations, the business description and the explanation of the source of capital, arrange the director's visit and handle correspondence until the account is open. If there is no company yet, we register it together with the account and help with temporary residence documents. We fix the estimate in writing; the decision to open an account always rests with the bank.
What we do
- Corporate account - opening assistance
See also
Company formation · Personal account · Investment property · Country taxes · All country programs
FAQ
Can a foreigner open an account for a Montenegrin company?
Do I need a director who lives in Montenegro?
Do Montenegrin banks handle euro transfers as in the EU?
What tax does a Montenegrin company pay?
Will a company account help me get a residence permit?
How much does it cost to open a company account with your help?
Where to open a company account in Montenegro?
We pick a Montenegrin bank for your company, including one registered abroad, prepare the compliance documents and guide the opening of a euro account. The catalogue covers every country.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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