Arrange support for opening an account and banking in Montenegro
Mirsatori&Partners helps select a bank, prepare the corporate dossier and arrange support for banking operations and ongoing company matters.
Who needs this service
Needing bank selection, corporate document preparation and support through the bank’s review.
Needing payment support and responses to bank requests.
Needing corporate changes and updates to company and beneficial owner information.
What the service includes
Support for companies and their beneficial owners in dealing with Montenegro’s banking system, from bank selection and dossier preparation to ongoing transactions, data updates and corporate procedures.
Review of activities, expected turnover and the client’s profile.
Registration and incorporation documents, the business model, sources of funds and counterparties.
Submission of client verification forms and responses to additional bank requests.
Transaction documentation, international payments, foreign-currency accounts and coordination with multiple banks.
CRPS changes, governing body resolutions and the Register of Beneficial Owners.
Banking arrangements for your business
Selection may include CKB, NLB and Adriatic Bank, considering the client’s profile, activity, turnover and residence status. Preliminary bank approval precedes notarization of the banking package.
The opening format is agreed with the chosen bank: the procedure normally provides for a director or authorized person to attend, while certain banks offer remote options. The power of attorney is notarized, court-translated and legalized according to its country of issue.
Beneficial owner registration takes account of a holding threshold of 25% and annual updates by 31 March. Ownership information and the director’s digital certificate are prepared. Applicability to a company without activity is checked individually.
Meeting minutes, governing body resolutions and counterparty contracts are coordinated with CRPS changes and updated bank data. Representation on contract, employment and ongoing matters is available under a power of attorney.
No direct state fee is prescribed for opening an account. The budget comprises legal support and the selected bank’s opening, service and payment tariffs. Balance and service conditions are agreed with the bank; registration changes follow the applicable CRPS tariff.
Tax planning considers corporate tax at 9% for profit up to €100,000; €9,000 plus 12% of the amount exceeding €100,000 for profit up to €1,500,000; and €177,000 plus 15% of the amount exceeding €1,500,000. VAT rates are 21%, 7% and 0% depending on the transaction. Registration is mandatory above €30,000 annual turnover and may be voluntary below it. Dividend withholding is considered at 15%. Applicable rates and individual calculations are established through tax support.
Support takes account of banking, credit institution, business organization, CRPS and AML/CFT laws, CBCG rules on accounts and identification, beneficial owner register rules and tax legislation.
Steps and timeframes
Review nationality, activity, turnover, residence status and ownership, and prepare the dossier.
3–7 business days
Seek the bank’s preliminary approval before notarization, submit forms and respond to additional requests.
Usually 2–10 business days
After approval, obtain IBAN, set up online banking, a corporate card and authorized access where needed.
1–3 business days after approval
Arrange the director’s digital signature, registration and subsequent register updates.
Registration: 30 minutes–1 week; annual update by 31 March
Prepare re-KYC responses and payment documents, and update bank records following corporate changes.
Usually 3–10 business days per request
Required documents
Documents needed during the engagement.
The advantages of working with Mirsatori&Partners
We consider activities, expected turnover and ownership structure when selecting a bank.
We bring together corporate documents and information on owners, the business model and sources of funds.
We prepare additional information at account opening and responses to periodic requests.
We support transactions and prepare supporting documents after the account opens.
We handle CRPS changes and corresponding updates to banking information.
Questions about the service
The bank is selected individually based on the client's profile — nationality, type of activity, expected turnover, and residence permit status. Montenegrin banks apply different levels of compliance: some (e.g., CKB) work actively with foreign structures, while others deal mainly with local clients.
In most cases, yes — the bank requires the personal presence of the director or an authorized person. Fully remote account opening is available only to a limited extent: some banks (e.g., Adriatic Bank) offer remote options for foreign entrepreneurs.
Once the account is opened, online banking is activated, a corporate card is issued (if needed), and access is configured for authorized persons.
Yes. Ongoing support includes responding to the bank's periodic compliance requests (re-KYC, updating beneficial owner data), preparing supporting documents for transactions, and assisting with international payments and managing multiple bank relationships.