Ways to Obtain EORI Registration in Montenegro

Regarding the commercial activities that Montenegrin companies complete in EU territories, it is important to note that to complete customs procedures, these companies must register in the Economic Operator Registration and Identification system, or simply obtain their EORI numbers.

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

How to get an EORI number in Montenegro?

The application for an EORI number can be made directly with the customs administration in the first EU country where the Montenegrin company conducts the import or export of goods or services, or it can be completed online via email.

The documents to be submitted when applying for EORI registration in Montenegro are, as mentioned above, the mandatory VAT certificate, information about the company or sole trader, and the identity document 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.

What is an EORI Number? What is its Structure?

The EU's EORI process began on July 1, 2009. An EORI number in Montenegro is a unique identification number for the European Union. It is issued by a customs administration in a member state to economic operators or individuals. An Economic Operator (EO) can obtain an EORI number that is valid throughout the community by registering with customs in one member state.

The code received upon initial registration is followed by the exclusive economic operator identification number. The EORI databases of all EU Member States are included in the EU-wide EORI database. The EU – EORI Online Database allows users to check all EORI numbers online. However, it is important to note that sometimes the website may not include newly registered EORI numbers.

Therefore, it is recommended to get services from experts in this case. Our company formation representatives in Montenegro can provide you with information that shows due diligence in this matter. In addition, if you want to incorporate your company on the internet, our agents can assist you with their services. They provide efficient online - remote incorporation services in Montenegro.

Registration Process for an EORI Number 

In different regions of the EU, the length and complexity of the EORI registration process vary. Since Montenegro is not yet part of the European Union, you can consult our company formation consultants in detail about the EORI number registration process. It is worth noting that the procedure varies depending on whether a corporate company is established within the EU, but thanks to our experts, you do not have to go through much trouble.

An EORI number can be obtained in the country of origin for a business or sole proprietor based in one of the EU member states. However, for commercial entities established outside the EU, the first point of customs entry into the EU will be where they register for the EORI number. After registration, the EORI number is recognized throughout the entire European Union.

If you need comprehensive details on how to register an EORI number and how to avoid complexities during the process, you can consult our representatives. They can offer you practical assistance with EORI registration in Montenegro. Also, if you plan to open a branch in Montenegro, the services of our company formation consultants are at your disposal.

The EORI Number Registration System and its Importance

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

EORI numbers are covered by EU Regulation (EEC) No 2913/92, which applies to economic operators registered in EU member countries. In other words, only EU-based entities are required to apply for EORI registration. Companies registered outside the EU, such as businesses in Montenegro, are not required to apply for an EORI number until they engage in customs procedures in any of the territories of the EU member states. Considering that many companies in Montenegro have commercial relations with EU countries, we can easily say that obtaining EORI numbers in 2023 is of great importance.

Those who want to start a company and need assistance in registering them with the EORI system can rely on our company registration consultants in Montenegro for both procedures.

What are the Entities Requiring EORI Registration in Montenegro?

Not only companies but also sole traders and even natural persons who need to go through customs procedures in EU territory must apply for EORI registration. An important aspect to consider when applying for an EORI number as a Montenegrin legal entity is that a VAT number is required, so the authorities in the country where the EORI number is requested will issue this unique reference based on the VAT number of the Montenegrin business or individual.

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

Value-added tax (VAT) regulations in Montenegro and the link to the EORI system

The value-added tax in Montenegro is based on the law of the same name, which underwent various revisions in 2017. The government made several changes at that time:

• – Business-to-business services are now subject to new laws regarding the determination of the place of supply;
• – Services provided from business to consumer may also be subject to new restrictions on the place of supply;
• – The new standard rate was set at 21%, up from the previous rate of 19%;
• – The threshold for being exempt from VAT on imported goods was lowered to €75.

Although Montenegro is not an EU member, its VAT legislation complies with EU rules regarding this tax to facilitate access to the local market for businesses operating in the EU, and vice versa. World Company Setup can guide you on the importance of VAT numbers for obtaining Montenegro EORI registration. In addition to this, if you are planning to relocate and apply for residence in Montenegro, you can contact our experts.

Activities completed under an EORI number

Companies wishing to apply for EORI registration in Montenegro will gain access to various services with EU customs authorities. Among these are:

1. The right to file customs declarations with the authorities of all EU member states;
2. The right to submit Entry Summary Declarations to customs authorities in the EU;
3. The right to file a temporary storage declaration in the territories of other EU states;
4. The right to act as a carrier to transport goods by sea, air, or land in the EU;
5. The right to receive various notifications and information from the customs administrations of all EU countries.

Applying for EORI registration in Montenegro in 2023 is not a complex procedure, and our agents can explain it step by step. We can also assist you in this process upon your first interaction with EU Customs.

Why should companies in Montenegro apply for EORI numbers?

Montenegro is preparing to enter the European Union, which is a great opportunity for trading companies here to expand their activities to countries that are already part of the EU. The obtainment of EORI numbers in 2023 as companies registered in Montenegro is not conditional on the country already being an EU member, so local businesses can register with the EORI system earlier to facilitate future procedures.

Obtaining an EORI number as a Montenegrin company in 2023 does not impose any obligations, it only provides advantages such as easy customs procedures within the EU borders. Also, the number needs to be obtained once to be able to operate throughout the entire European Union.

If you wish to register with the EORI system from Montenegro in 2023, our local agents are at your service with information and guidance.

How long does it take to register for an EORI number?

Everything depends on the country where the registration is made. However, the entire process usually takes three to ten days. In some countries, the procedure is simple and takes less time to complete than in others. The country where the applicant is first registered or has a place of business, among other considerations, can also affect how long the procedure will take. An EORI number is usually processed within 3 to 10 days. Our company formation consultants are always ready to help you navigate the wide variety of variables in your specific situation. Also, our company formation specialists can offer you comprehensive guidance on a shelf company.

Trade in Montenegro

Montenegro has significant trade ties with the European Union, Germany, Poland, Hungary, Italy, and Greece, which are among its most important partners. As of 2018:

• – Montenegro's total trade balance reached 2.536 billion USD;
• – the country's total imports amounted to 3.02 billion USD, while exports were 465 million USD;
• - imports of goods and services represented 66.73% of the Gross Domestic Product (GDP);
• - exports of goods and services represented 42.88% of the GDP;

In 2022, imports of goods and services represented 60% of the Gross Domestic Product (GDP), and exports of goods and services represented 40% of the country's GDP.

For assistance with EORI registration, please contact our consultants in Montenegro. Also, upon request, your EORI number can be deregistered. To deregister an EORI number in Montenegro in 2023, you need to follow the process specified by the Montenegro Customs Administration. You will submit a written request for deregistration to the Montenegro Customs Administration. The request must include the reason for the deregistration and any supporting documents, if applicable. The Customs Administration will then review the request and may request additional information if necessary.

Also, if you want to obtain citizenship by investing in Montenegro, our agents can assist you. They can guide you on reliable areas where you can invest your capital to obtain citizenship in this country.