Change Company Address (for Montenegrin Businesses)
A recent change of your mailing address or registered business address may not seem like a major event in the life of your Montenegrin limited liability company (D.O.O. – Društvo sa ograničenom odgovornošću), but it could lead to unneccessary consequences and fines if you fail to comply with local due dilligence requirements and fail to update your new address with key agencies and stakeholders.
You have an obligation to update your records with Montenegro’s Company Register (and other listing, accounts, and agencies) if you have changed your registered office address. Your firm’s new business addresses can be in all parts of Montenegro; it does not neccessarily have to be in the same municipality where you set up your company.
Info: Failure to comly can incur fines amounting to thousands of Euros.
When do I need to Update my Business Address?
If your registered address changes, it must be reported to the authorities whether due to relocation, a change from virtual to physical premises (or the reverse), or the expiry of your existing virtual office contract. Your company’s registered address serves as the official contact point for banks, the Tax Administration of Montenegro, and the Company Register.
If your address is not updated promptly, you risk missing important notices, delays with banking, or even fines. Freelancers, consultants, web designers, and online marketeers, often opt to stay registered at the virtual office address where their business was set up initially, even though they may now live and work in another municipality.
The Company Address Changing Procedure
To change your company’s registered address on your statutory documents, you must amend and submit an updated Articles of Association’, reflecting the address change, with the Central Registry of Business Entities in Podgorica. Here are some things to consider:
- Alongside the Articles and Memorandum of Association, you’ll need to complete and file the CRPS standard registration form.
- Pay the prescribed government fees.
- A personal visit to the registry is normally required, but you can save time by granting power of attorney to your accountant or lawyer to handle it on your behalf.
- Collect the ‘Certificate of Amendment‘ after approximately one week
- Make sure to share your new business address with your banking partners and other relevant agencies and stakeholders
- If your business is registered in another municipality, your tax account will be transferred to the new local tax office
- Don’t forget to also notify local government bodies or ministries to update your company address for any permits or licenses you may have
Need help with updating your records?
Change your registered business address with adriacom – quick, easy, and affordable.