Guide to Company Closure and Liquidation in Montenegro
Summary: “Just leaving” a company in Montenegro is problematic: it is deemed to still be operating, tax/filing obligations continue, and penalties can accumulate. The right path is proper liquidation — an “honest exit” through tax closure and deregistration.
Why close an unused company?
- Even if inactive, the company officially exists; its obligations continue to run.
- Lapsed filings and payments can incur penalties.
- It can negatively affect your residence-via-company process.
- A clean closure leaves a smooth history for a new formation in the future.
Liquidation steps (summary)
- Situation assessment: review of tax, debt, receivable and filing status.
- Liquidation decision: initiating the process by a decision of the competent body.
- Clearing obligations: paying taxes, contributions and debts; collecting receivables.
- If there are employees: proper termination of the employment relationship (payroll/social security).
- Tax closure: closing procedures with the tax authority.
- Deregistration: removal of the company from the Central Business Registry (CRPS).
How long, how much?
Liquidation is a multi-stage process depending on the company’s debt/receivable and tax status; we therefore do not give a fixed time/price. The more orderly the obligations, the faster and more affordable it proceeds.
Why an honest exit matters
Closing a business properly means leaving no debts/penalties behind and protecting your future reputation. An “honest exit” is one of MGT’s values.
Frequently asked questions
If I don't use the company, do I still need to close it?
Yes; obligations continue to run and penalties can accumulate.
Can I liquidate if I have tax debt?
Liquidation includes clearing debts; we determine the most orderly path for your situation.
Can I form a company again afterward?
Yes; a proper closure leaves a clean history.