Montenegro (ME)

Jurisdiction Overview

IDQuestionAnswer
204 *Are Trusts available? ONLY FOREIGN: Foreign law trusts can be administered, but no domestic trust law.
 Data Date: 2009

Notes

 
Moneyval reports: "Trusts cannot be established in Montenegro and contracts involving trusts cannot be legally enforced in Montenegro. Montenegro has not signed the Convention on the Law Applicable to Trusts and on Their Recognition. Furthermore, foreign trusts may not carry out business operations in Montenegro; if they do wish to carry out business they are required to register as a company with the Central Register of the Commercial Court" (Moneyval 2009: 16). In 2019, no evidence was found for the existence of trusts.

Sources

Moneyval 2009: 16