Beneficial owner registration in Montenegro is a requirement for most legal entities. The only entities exempt are:
- Sole traders
- Public sector bodies
- Large joint-stock companies traded on a stock exchange
In every other case, you are required to register the beneficial owner — as soon as possible.
What is a beneficial owner?
A beneficial owner is a person who controls or owns your company. This can be a person with:
- At least 25 % of shares, votes or other rights in the company
- More than 25 % of capital participation
- A decisive influence over the management of assets
Deadline for registration
- 8 days from incorporation — for new companies
- Immediately — for existing companies
Legal basis and penalties
The new Act on the Prevention of Money Laundering and Terrorist Financing in Montenegro requires all companies to register their beneficial owners.
Failure to comply may result in a fine of up to €20,000!
Annual confirmation of data
Do not forget: you are required to confirm the accuracy of the data once a year in the Register of Beneficial Owners — no later than 31 March.
Transparency of ownership matters — and we are here to help you fulfil all legal requirements quickly and efficiently. Contact Finance Plus on +382 20 23 23 44 or office@financeplus.me.
