Closing a company in Montenegro is very simple and cheap. The only condition for voluntary liquidation is that the company must not have any tax debts or outstanding reports. Therefore, before submitting documents for liquidation, it is necessary to ensure that this requirement is met.
If you are unsure about your accountant, we can take on not only the preparation of documents for liquidation but also the “final” accounting services for your company.
The liquidation time depends on the workload of the CRPS, but you won’t have to wait long. Usually, companies are closed within 1 to 4 weeks. Upon completion of the process, the Central Register of Business Entities issues a decision stating that the company in question has been closed.
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First, you need to check if there are any tax debts or outstanding reports. Resolve this issue and submit the liquidation balance.
If the company was under our accounting services, we will take care of all of this. Otherwise, you should discuss this with your accountant. If you’re unsure whether they will handle it correctly or if no accounting was done at all, switch to our accounting services, and we will resolve this issue.
Next, the liquidation documents are prepared and submitted to the Central Register of Business Entities.
We will need a power of attorney and payment from you. The power of attorney can be notarized in Montenegro or another country where you are currently located.
There is no exact timeline, but the process is quick. Expect that we will close your company within 1 to 4 weeks from the date of document submission.
The liquidation costs are listed above on this page. Additionally, any debts for reporting and accounting must be paid if such debts exist.
We can close the company without your presence, using a power of attorney.
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