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Articles

EORI Registration in Montenegro

Updated on Monday 10th February 2020

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Starting a business in Montenegro has many advantages despite the country not being a member of the Union European at the moment. Montenegro companies have the possibility of completing various activities within the EU, such entering partnerships with companies in countries on the entire territory of the EU and even engage in trading and other commercial undertakings.

With respect to the trading activities Montenegro companies complete on EU territory it is important to note that in order to complete customs operations, these companies need register for the Economic Operators Registration and Identification system, or simply put to obtain EORI numbers.

Below, our company formation agents in Montenegro explain the EORI registration procedure. We can help you set up a business and register it for an EORI number in Montenegro.

The EORI registration system and its importance

The Economic Operator Registration Identifier system was introduced by the Security Amendment to the Modernized Customs Code in 2009. It came as a security measure for all companies in the EU involved in customs activities. EORI came as a replacement for the Trader’s Unique Reference Number (TURN).

EORI numbers fall under the EU Regulation (EEC) No 2913/92 which applies to economic operators registered in EU member states. In other words, only EU-based entities are required to apply for EORI registration. Companies registered outside the EU, such as the case of businesses in Montenegro, are not required to apply for EORI number up to the point they engage in customs operations on any of the EU member states’ territories. Considering many companies in Montenegro have trading relations in EU states, it is safe to say that obtaining EORI numbers is of great importance.

Those who want to open companies and need assistance in registering them for the EORI system can rely on our company registration advisors in Montenegro for both procedures.

What are the entities requiring EORI registration in Montenegro?

Not only companies need to apply for EORI registration, but also sole traders and even natural persons who need to go through customs operations on EU territory. An important aspect to consider when applying for an EORI number as a Montenegro entity is that a VAT number is required, therefore the authorities in the country in which the EORI number is requested will issue this unique reference based on the Montenegro business or person’s VAT number.

Our Montenegro company formation specialists can help local companies and sole proprietors apply for VAT numbers and obtain VAT certificates required when applying for an EORI number. These certificates are issued by the Montenegro tax authorities.

You can read about obtaining an EORI number in Montenegro in the scheme below:

EORI-Registration-in-Montenegro

Activities completed under an EORI number

Companies in Montenegro seeking to apply for EORI registration will obtain access to various services with the EU customs authorities. Among these:

  1.  the right to file customs declarations with the authorities of all EU member states;
  2.  the right to submit Entry Summary Declarations with the customs authorities in the EU;
  3.  the right to file temporary storage declarations on the territory of other EU states;
  4.  the right to act as carriers for transporting goods by sea, air or land in the EU;
  5.  the right to obtain various notifications and information from all EU states customs offices.

 Applying for EORI registration in Montenegro is not a complicated procedure and our agents can explain it step-by-step. We can also help with this process upon your first interaction with the EU Customs.

How to obtain an EORI number in Montenegro

The application for an EORI number can be filed directly with the customs authority in the first EU country in which the Montenegro company engages in import or export of goods or services or can be completed online, via email.

The documents that need to be filed when applying for EORI registration imply the VAT certificate which is mandatory, as mentioned above, information about the company or sole trader and an identification paper of the person applying for the number. In the case of companies, this person will be the representative of the business.

Our local representatives can offer more information on the documents required to register for EORI.

Trading in Montenegro

Montenegro has important trade ties with the European Union, Germany, Poland, Hungary, Italy and Greece being among its most important partners. At the level of 2018:

  • - Montenegro’s total trade balance reached 2,536 billion USD;
  • - the country’s total imports accounted for 3,02 billion USD, while exports amounted up to 465 million USD;
  • - the import of goods and services represented 66.73% of the Gross Domestic Product (GDP);
  • - the export of goods and services represented 42.88% of its GDP.

For assistance in EORI registration, please contact our consultants in Montenegro.

 

Meet us in Montenegro


Call us now at +382 20 620 312 to set up an appointment with our company formation agents in Podgorica, Montenegro. Alternatively you can incorporate your company without traveling to Montenegro.

As our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Montenegro.

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