Eternity Law International News Financial system in Montenegro

Financial system in Montenegro

September 5, 2022

Financial system in Montenegro – multi-level structure; its fundamental components are general fiscal market, establishments operating within it, and infrastructure facilities. Finsystem itself in this state has a bank-centric character: banking facilities make up primary market share – about 90%. Most intermediary fiscal operations are performed through banks.

Predominantly, banking establishments there are involved in next-mentioned:

  • deposits;
  • issuance of credit funds;
  • payment services provision;
  • work with fiscal tools, particularly, with financing of monetary remedies.

One more significant component of this sphere are firms providing insurance (except in cases related to life dange cases). Other parts of fiscal segment are accounted for by organizations involved in small credit transactions, investment fund structures and factoring firms.

There’s 1 stock exchange there. Via this platform, authorized broker firms have rights to trade in bonds, and other equity and debt tools. An essential role is assigned to Central Depository: it accepts securities for safekeeping, and organizations owning settlement mechanisms necessary for operations with securities.

Reliable payment system in terms of its status and functionality is CBCG. It has 2 elements – DNS and RTGS function on same platform.

Financial system in Montenegro: CBCG importance 

It includes the following components:

  • RTGS – a mechanism that performs actual calculations of gross amounts and carries out transactions between parties;
  • DNS performs deferred settlement of net-amounts in order to carry out transactions between banking establishments.

CBCG is basic mechanism for conducting payments; all fiscal elements are connected to it. Direct CBCG involvement is allowed, while agents acting as intermediaries in transactions aren’t participators in this system. Each party is needed to meet established norms of legislative frames that govern the activities of payment system as a whole. In addition, it’s necessary to comply with demands related to organizational, staff and mechanical parameters prescribed by Central Bank.

Powers of regulative frames determining and controlling operations of Montenegrin fiscal market are separated between certain official bodies.

  1. Central bank. Competence of this body is supervision of banking establishments, MFIs and each financial company in Montenegro working with guarantee transactions.
  2. Supervision of insurance firms activities.
  3. Office controlling capital market. This body monitors functioning of investments funding structures and capital markets in general, in particular, over stock exchanges by private dealers with certain powers. In addition, this body also controls operations of shares settlement.

Fintech companies in Montenegro have clear regulation and are supported by state apparatus. Therefore, this business will be an excellent option for those who intend to conduct commercial activities in this particular jurisdiction. Our specialists are ready to provide you with full legal assistance in acquiring a ready-made company and offer many options for companies with licenses in Montenegro for sale. Contact us now – and tomorrow you’ll get new project.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

German Company with Commerzbank and Deutsche Bank Accounts for Sale

Rare and unique opportunity! Since 2014 (7 years). Two bank accounts in: (1) Commerzbank AG, (2) Deutsche Bank. Company type: GmbH (LLC). Available for fast purchase. The company has been previously operating its activities but nowadays stays dormant with active accounts kept and maintained. Buying this EU company with history gives you the following benefits:...

Open a bank account in Malta

There is plenty of reasons to open a bank account outside his home country. That can be a desire to wide business, enter new markets or find new partners abroad. The safety and reliability of the bank are the main points in bank choosing. Other important conditions are terms and low requirements. In this article,...

Company registration in Costa Rica

Many entrepreneurs establish companies in this particular jurisdiction. The data of foreign investors is reliably protected due to the fact that Costa Rica has entered into an extremely limited number of agreements on the exchange of information. Income that comes to the state from other countries is not taxed. Tax fees are levied solely on...

Investment Funds on the Cayman Islands

Investment funds in the Cayman Islands is a rather topical issue for many professional investors, since over time they need to open an investment fund. The consequence of this is the question of where such a fund will be opened. Statistics show that the choice of a country depends on many conditions. But most of...

Opening a bank account for offshore companies

Over the past year, the business world sphere has been discussing the fact that banks actively began to “freeze” financial accounts to organizations that are established in offshore zones. Banking experts are sure that due to more severe regulatory requirements for KYC, the banking sector is not very profitable to conduct non-resident servicing among the...

Which is better – the MT4 or MT5 platform?

Regardless of involvement, you’d be unable to have not known about MetaTrader, or MetaQuotes Software. Set up in 2000, MetaQuotes Software Corp. is one of the main designers of programming applications for businesses, banks and trades. Most of representatives across the globe utilize this product, giving customers the chance to exchange on honor winning stages,...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7