In addition to monthly forms, your accountant is also obliged to submit forms for the Central Bank of Montenegro — if the company meets the conditions for drawing them up. Below is an overview of all forms, conditions and deadlines.
When a company must submit CBCG forms
If your company has any of the following within its operations:
- Receivables for a loan from non-resident (foreign) persons → mandatory submission of the KO form
- Loan obligations toward non-resident persons → mandatory submission of the KZ form
- Non-resident bank accounts opened abroad → mandatory submission of the RN-1 form
- Founders who are non-residents → mandatory submission of the DI-1 form
- Your company (resident of Montenegro) is a founder of a non-resident legal entity → mandatory submission of the DI-2 form
Submission deadlines
| Form | Frequency | Deadline |
|---|---|---|
| KO, KZ, DI-2 | Quarterly | By the 25th of the current month for the previous quarter |
| RN-1 | Monthly | By the 10th of the current month for the previous month |
| DI-1 | Annually* | By 15 April for the previous year |
*DI-1 is submitted annually (not quarterly) provided that the company has total capital below €500,000. Companies with higher capital submit DI-1 quarterly.
All listed forms are submitted electronically — via token.
Legal basis
Forms are submitted in accordance with:
- The Decision on keeping special records of current and capital operations with abroad and on submitting data on those operations (Official Gazette of Montenegro no. 8/2017 of 03.02.2017.)
- The Law on the Central Bank of Montenegro (Official Gazette of Montenegro, no. 40/10, 46/10, 6/13)
- The Law on Current and Capital Operations with Abroad (Official Gazette of the Republic of Montenegro, no. 45/05 and Official Gazette of Montenegro, no. 62/08, 62/13)
Consequences of non-submission
Failure to submit data within the prescribed deadline or submission of inaccurate data leaves the possibility of applying legal sanctions — as defined by the Law on Current and Capital Operations with Abroad.
How Finance Plus helps
Our team monitors the legal obligations of clients with foreign operations and prepares all forms for the Central Bank in a timely manner. Contact us if you have foreign founders, loans or accounts — to avoid the risk of sanctions.
