Bank file · compliance review
Bank account in Montenegro
For foreign-owned companies, we prepare the bank file and attend the meeting with you. Whether and when the account is opened is the bank's decision.
We reply on the next working day. We name the fee in writing, in our reply to your inquiry. Scope and timing are confirmed in writing before work starts.
- Our partBank file and meeting
- Who decidesThe bank
- File languageMontenegrin and English
IWho it is for
Who this is for
No company yet? Company formation comes first; the account is its last step.
A new company with foreign owners
The account after registration, as the last step of company formation.
An existing Montenegrin company
A new or additional account, for example after a change of owners or directors.
Non-resident owners and directors
When the people behind the company live abroad and the bank needs a complete file before it meets them.
IIWhat you get
What a bank file usually contains
Each bank sets its own list. We confirm it with the bank before preparing the file.
- 01
Registration documents of the company from the CRPS and the founding act
- 02
Identification documents of the directors and of the persons authorized on the account
- 03
Information on the owners and the ultimate beneficial owners
- 04
A description of the business, expected payments and main counterparties
- 05
Where the bank asks for it: the origin of the funds and supporting documents
What you provide
What we need from you
Typical list. The exact list is the bank's, and we confirm it with the bank before preparing the file.
Passports of the directors and of the persons to be authorized on the account
Information on the owners and the ultimate beneficial owners
A short description of the business: expected payments and main counterparties
Where the bank asks for it: documents on the origin of the funds
No company yet: the company formation documents first
5
parts of a typical bank file
4
things we do: list, file, explanation, meeting
2
languages of the file: Montenegrin and English
IIIProcess and timing
From the inquiry to the bank's decision
How long it takes depends on the bank's review of the file. We give the timeline for your case in the proposal.
- Us
01Inquiry and reply
We name the fee in writing, in our reply to your inquiry. We confirm it in writing before work starts.
- Us
02The bank's list
Ask the bank for its current list of documents and requirements.
- Us
03The file
Prepare and check the file, in Montenegrin and English.
- Us and you
04The meeting
Attend the meeting with you and follow up on the bank's questions.
- Bank
05The decision
The decision is the bank's, after its compliance review.
What we do not control
What does not depend on us
The bank's decision, its timing and any additional documents it asks for during the review.
IVMethodology
Each bank sets its own list. We confirm it with the bank before preparing the file.
We do not promise dates that depend on the bank.
VIFee
What it costs
We name the fee in writing, in our reply to your inquiry. We confirm it in writing before work starts. Bank charges are separate and set by the bank.
Named in our written reply
Scope, fee and timing confirmed in writing before work starts
Listed separately in the proposal
- Bank charges, set by the bank
- Legal opinions from licensed law firms, where the bank asks for one
What is not included is listed in the written proposal.
VIISources and legal framework
Who writes this page
Execution desk of Schule d.o.o. Podgorica. The same team writes these pages and answers inquiries.
Checked
VIIIQuestions
Bank account: questions
How does a non-resident open a bank account in Montenegro?
Through a file the bank accepts. We ask the bank for its current list of documents and requirements, prepare and check the file in Montenegrin and English, explain the business and the ownership structure to the bank, and attend the meeting with you. The bank decides whether it needs to meet the owner or director in person, and whether and when the account is opened, after its compliance review.
Can you guarantee that the account will be opened?
No. The decision is the bank's, after its compliance review. We make sure the file is complete and the bank's questions are answered.
How long does it take to open the account?
It depends on the bank's review of the file. We give the timeline for your case in the proposal and do not promise dates that depend on the bank.
Do I have to come to Montenegro?
The bank decides whether it needs to meet the owner, the director or the persons authorized on the account in person. We ask the bank before planning the meeting.
What does it cost?
We name the fee in writing, in our reply to your inquiry. We confirm it in writing before work starts. Bank charges are separate and set by the bank.
IXNext step
Send a bank account inquiry
The form is right below; WhatsApp works too. We reply on the next working day.
Send us the details
Tell us what you need and by when.
Your inquiry is handled by the Schule team in Podgorica: company set-up, bank file and due diligence.
We reply on the next working day. Scope, timing and fee are confirmed in writing before work starts.