The new Law on Business Entities in Montenegro

The new Law on Business Entities

In 2020, the new Law on Business Entities (Official Gazette 65/20) entered into force. In accordance with this law, all limited liability companies (LLCs), general partnerships and sole proprietors are obliged to align their organisation with this law and to register the corresponding changes no later than the deadline prescribed by law. This process requires a change of the statutory documentation (articles of association, corporate bodies and other acts) which must be brought into line with the new law. Pursuant to Article 329, paragraph 5 — the competent registration authority shall, within 30 days after the expiry of the statutory deadline, initiate proceedings for judicial liquidation before the competent court against companies that have not fulfilled the registration obligation within the deadline, and shall delete them after the completed judicial liquidation procedure. In view of the above, we have prepared a special action to align all our clients with the new law at a promotional price of EUR 69.00 + VAT. The price does not include additional costs — that is, it also covers all state fees, the preparation of the necessary documentation, and field work (filing and collection of documents). If you decide that Finance Plus should provide this service for you, so that we can file and collect the documentation on your behalf, you will need to grant us a power of attorney, which you will fill in after contacting us. Contact us

The new Law on Business Entities

The new Law on Business Entities

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