Arrange legal support for closing your company in Montenegro
Mirsatori&Partners supports company closure in Montenegro, from selecting the procedure and preparing documents to the CRPS decision and completion of banking arrangements.
Who needs this service
Who have decided to end the company’s activities in Montenegro.
Needing formal closure and removal from the CRPS.
Wishing to complete the procedure through an authorized representative.
What the service includes
Support for closing a DOO, joint-stock company or sole proprietorship and removal from the Central Registry of Business Entities. The appropriate procedure follows a review of the company’s position, with representation under a power of attorney available.
Review of CRPS status, reporting and settlements to determine the procedure.
Liquidation decision, notarial arrangements and the required applications.
Filing the package and supporting the decision on removal from the register.
Final reporting and closure of bank accounts within the selected procedure.
Your path to completing a business closure
Skraćeni postupak is suitable for a company whose obligations to creditors, employees and the budget are settled. The notarized decision and founder’s no-debt declaration are prepared, followed by CRPS filing and the decision. The indicative duration is up to 3 months after filing.
Redovni postupak includes appointing a liquidator, publishing a notice, the statutory creditor claims period, settlements, the final report and financial statements. The liquidator may be a founder or appointed representative. The indicative duration is about a year.
Stečaj support covers a Commercial Court petition, work with the court-appointed administrator, formation of the estate and settlements in the prescribed order. If creditors and the court approve a plan, reorganization can allow continued operation. The indicative duration is about a year.
We arrange for financial statements and the liquidation decision to share the same date. The lawyer prepares a statement of settled obligations and the accompanying package; the client grants authority before representation.
Where this route applies, a 30-day period follows the resolution and CRPS publication, after which Commercial Court confirmation is requested. The document is digitized and filed with the CRPS package; the indicative period after filing is around 30 days. The route and calendar are agreed for the particular liquidation.
The accounting function prepares final financial and tax reporting on profit, VAT, payroll and contributions. We coordinate bank account closure last, after company closure; support covers all its banks.
The budget covers legal support, notarization, applicable court and CRPS actions, notices and final accounting work. State registration payments are determined by the stages and tariff applicable to the chosen procedure.
The procedure takes account of the Law on Business Organizations, insolvency rules for stečaj and reorganization, CRPS rules, tax laws and the Law on Administrative Fees.
Steps and timeframes
Check CRPS records, reporting, assets and settlements, and agree the appropriate process.
Timing agreed at consultation
Prepare the notarized decision, required declarations and representative’s power of attorney.
Decision and notarization: 1–2 days
File with the CRPS; in a standard procedure, coordinate the liquidator, notice, claims period and settlements.
According to the selected procedure
Prepare final documents and support the CRPS decision; under the author’s clarification, all company bank accounts are then closed.
Accounts: usually 1–2 days per bank
Required documents
Documents needed during the engagement.
Documents depend on the selected procedure; decisions, applications and reports are prepared at the relevant stages.
Discuss document preparationThe advantages of working with Mirsatori&Partners
We review status, reporting and settlements, then agree the applicable process and documents.
A representative can handle the procedure without the founder attending in Montenegro.
We prepare the founders’ decision, organize notarization and file the CRPS package.
We handle the procedure through receipt of the decision on removal from the register.
Support includes final reporting and closure of company bank accounts.
Questions about the service
Yes. The liquidation decision is notarized under a power of attorney, and the entire procedure — from filing documents with the CRPS to obtaining the decision on removal from the register — is carried out without the founder's personal presence in Montenegro.
It depends on the company's financial condition. If there are no outstanding debts to creditors, employees, or the state budget, the simplified procedure (Skraćeni postupak) applies. If the company has assets or liabilities that need to be settled, the standard procedure (Redovni postupak) applies. If the company is insolvent, bankruptcy proceedings (Stečaj) apply.
The liquidator (likvidator) can be either the founder themselves or an appointed third party/representative.
Settling accounts with creditors and resolving tax obligations, the liquidator preparing the final report and final financial statements, filing these documents with the CRPS, closing the company's bank accounts, and obtaining the decision on removal from the register.