There are 92,239 companies and businesses in Montenegro in our data, counted on 2 November 2026. 69,412 of them are corporations.
List of all companies in Montenegro
Montenegro has 92,239 registered companies and businesses in our data, counted on 2 November 2026. 69,412 of them are corporations. We build the records from the national business register and other official sources, and add the sole traders, branch locations and public bodies a register leaves out. Most of them are small: 90% have fewer than five employees. Below you find the largest, the smallest, the newest and the oldest companies in Montenegro, where they are based and what they do. Want to buy the list of all 92,239 Montenegrin companies as an API integration or Excel file? Get it from our Montenegrin company database.
92,239 companies indexed · Data counted on 2 November 2026
Companies92,239
Corporations69,412
Municipalities26
Largest municipalityPodgorica 30%
Employees1-4
Revenue$100K-$500K
Email3%
Phone<0.1%
Website5%
Montenegrin company list: all 92,239 companies
The list of all companies and businesses in Montenegro, live and sorted by revenue. Narrow it by region, city, industry, size, revenue, legal form or founding year. The full search is on our Montenegrin company directory.
Elektroprivreda Crne Gore ADElektroprivreda Crne Gore AD
| Company Name | Country | City | Address 1 | State/Province | Postal Code | Website | Founding Year | Yearly Revenue in U.S. Dollars | Employees Total | Business Legal Type - Description | Number of Companies in Group | Company Registration Number | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Elektroprivreda Crne Gore AD | Montenegro | Nikšić | Vuka Karadzica Br.2 | Niksic | 81400 | *****.com | 2002 | $460,617,762 | 1,170 | Corporation | 255 | 40000330 |
| 2 | Voli Trade | Montenegro | Podgorica | Josipa Broza Bb. | Podgorica | 81000 | *****.com | 2002 | $442,631,573 | 2,417 | Corporation | 2 | 50083264 |
| 3 | Hard Discount Lakovic | Montenegro | Podgorica | 4 Jula Bb | Podgorica | 81000 | N/A | 2008 | $323,491,760 | 1,724 | Corporation | 5 | 50507461 |
| 4 | Idea - CG | Montenegro | Podgorica | Put Radomira Ivanovica Br. 2 | Podgorica | 81000 | *****.me | 2010 | $300,963,604 | 2,584 | Corporation | 41 | 50582045 |
| 5 | Jugopetrol | Montenegro | Podgorica | Stanka Dragojevica Bb. | Podgorica | 81000 | *****.me | 1947 | $270,157,339 | 104 | Corporation | 109 | 40000087 |
| 6 | Javna Ustanova Univerzitet Crne Gore | Montenegro | Podgorica | Cetinjska 2 | Podgorica | 81000 | *****.me | 1974 | $225,328,591 | 2,363 | Non profit organization | 255 | 80000728 |
| 7 | Zdravstvena Ustanova Apoteke Crne Gore Montefarm - | Montenegro | Podgorica | Ankarski Bulevar Bb | Podgorica | 81000 | *****.me | 1991 | $175,859,350 | 540 | Non profit organization | 21 | 80006764 |
| 8 | Crnogorska Komercijalna Banka | Montenegro | Podgorica | Bulevar Revolucije 17 | Podgorica | 81000 | N/A | 1997 | $175,009,782 | 639 | Corporation | 141 | 40001633 |
| 9 | Mtel | Montenegro | Podgorica | Bulevar Svetog Petra Cetinjskog Br.143 | Podgorica | 81000 | *****.me | 2007 | $174,948,348 | 559 | Corporation | 861 | 50368574 |
| 10 | Glosarij | Montenegro | Podgorica | Vojislavljevica 76 | Podgorica | 81000 | N/A | 2002 | $150,759,398 | 175 | Corporation | 3 | 50043160 |
| 11 | Domaca Trgovina | Montenegro | Podgorica | Josipa Broza Tita Br.23a | Podgorica | 81000 | *****.me | 2005 | $145,261,414 | 1,323 | Corporation | 14 | 50260453 |
| 12 | Cedis | Montenegro | Podgorica | Ivana Milutinovica Br. 12 | Podgorica | 81000 | N/A | 2016 | $135,741,727 | 1,772 | Corporation | 255 | 50766918 |
| 13 | Bar-Kod | Montenegro | Podgorica | Ul. Dr Rajka Djurisica Br. 3 | N/A | 81000 | *****.com | 2002 | $133,869,938 | 381 | Corporation | N/A | 50065951 |
| 14 | S Press + | Montenegro | Podgorica | Josipa Broza Tita Br.29 | Podgorica | 81000 | N/A | 2014 | $105,225,219 | 212 | Corporation | 2 | 50691106 |
| 15 | Crnogorski Elektoprenosni Sistem | Montenegro | Podgorica | Bulevar Svetog Petra Cetinjskog Br. 18 | Podgorica | 81000 | N/A | 2009 | $103,316,417 | 341 | Corporation | 255 | 40008972 |
| 16 | Ina -Crna Gora | Montenegro | Podgorica | Oktoih Br.2, Donja Gorica | Podgorica | 81000 | N/A | 2002 | $101,454,145 | 131 | Corporation | 44 | 50098260 |
| 17 | Kips | Montenegro | Podgorica | Veljka Vlahovica 90 | Podgorica | 81000 | *****.me | 1990 | $96,930,920 | 465 | Corporation | 9 | 50066431 |
| 18 | Crnogorski Telekom | Montenegro | Podgorica | Moskovska 29 | Podgorica | 81000 | *****.me | 2002 | $95,556,423 | 447 | Corporation | 8596 | 40000618 |
| 19 | Plus | Montenegro | Podgorica | Tuzi B.b. | N/A | 81000 | N/A | 2015 | $91,758,912 | 22 | Corporation | N/A | 50716676 |
| 20 | Drustvo Za Proizvodnju,promet I Usluge Meso-Promet D.O.O. Bijelo Polje | Montenegro | Bijelo Polje | Ul. Svetog Petra Cetinjskog Bb | Bijelo Polje | 84000 | *****.me | 1990 | $89,058,036 | 577 | Corporation | 5 | 50113473 |
| 21 | Nlb Banka | Montenegro | Podgorica | Bulevar Ivana Crnojevica Broj 171 | Podgorica | 81000 | N/A | 2002 | $85,471,780 | 399 | Corporation | 57 | 40006161 |
| 22 | Drustvo Za Transport Putnika I Robe U Vazdusnom Saobracaju Montenegro Airlines A.D. Podgorica | Montenegro | Podgorica | Beogradska Br. 10 | Podgorica | 81000 | *****.com | 1994 | $83,173,824 | 55 | Corporation | 255 | 40008862 |
| 23 | Bemax | Montenegro | Podgorica | Studentska 2a | Podgorica | 81000 | *****.me | 2007 | $82,978,423 | 163 | Corporation | 7 | 50349533 |
| 24 | Hipotekarna Banka | Montenegro | Podgorica | Ul. Josipa Broza Tita Br. 67 | Podgorica | 81000 | *****.com | 1991 | $82,834,764 | 319 | Corporation | 102 | 40004632 |
| 25 | Ministarstvo Vanjskih Poslova | Montenegro | Podgorica | Stanka Dragojevica 2 | N/A | 81000 | N/A | 2006 | $81,360,088 | 617 | Non profit organization | 255 | 02030306 |
Showing 25 of 92,239 companies
Request Free SampleHow many companies are there in Montenegro?
Companies and businesses in Montenegro
92,239
2 November 2026
There are 92,239 companies and businesses in Montenegro in our data, counted on 2 November 2026. That is every kind of business, not only the registered companies: 69,412 corporations (d.o.o. and a.d.), 16,037 sole traders and 385 partnerships. On top of those come 1,792 non-profit organisations and 642 branches of foreign companies.
Structure
- Single-site businesses
- 85,383 93%
- Head offices
- 3,610
- Branch locations
- 3,246
Legal form
- Corporations
- 69,412 75%
- Sole traders
- 16,037
- Partnerships
- 385
Per working day this year
≈ 0
new companies registered · 9 so far in 2026
Largest companies in Montenegro
Which are the largest companies in Montenegro? That depends on what you measure. By number of employees the biggest employer is Idea - CG, with 2,584 staff, ahead of Voli Trade and Cedis. By yearly revenue the largest company is Elektroprivreda Crne Gore AD, ahead of Voli Trade and Hard Discount Lakovic. Below are the top companies of Montenegro ranked three ways: by number of employees, by yearly revenue and the biggest foreign companies in Montenegro. 19 Montenegrin companies employ more than 10,000 people and 0 report more than $1 billion a year.
Idea - CG has the largest headcount of any company in Montenegro in our data. 19 Montenegrin companies list more than 10,000 people, 53 more than 500.
- 12,584 staff
- 22,417 staff
- 31,772 staff
- 41,724 staff
- 51,323 staff
- 6813 staff
- 7771 staff
- 8735 staff
- 9644 staff
- 10639 staff
Headcount as it is recorded on the company; for a group's parent or holding company it is usually the whole group's, worldwide.
Elektroprivreda Crne Gore AD is the largest company in Montenegro by revenue; 0 Montenegrin companies report more than $1 billion a year. Corporations only.
- 1$460.6M
- 2$442.6M
- 3$323.5M
- 4$301.0M
- 5$270.2M
- 6$175.0M
- 7$174.9M
- 8$150.8M
- 9$145.3M
- 10$133.9M
642 foreign companies have a registered branch or establishment in Montenegro.
- 1176 worldwide
- 2126 worldwide
- 3122 worldwide
- 493 worldwide
- 552 worldwide
- 640 worldwide
- 739 worldwide
- 832 worldwide
Headcount and revenue are those of the worldwide company, not of the branch in Montenegro.
By employee size · 86,828 companies with a known headcount
| Employees | Share | Companies | % |
|---|---|---|---|
| 1-4 | 78,544 | 90% | |
| 5-9 | 5,202 | 6% | |
| 10-19 | 1,737 | 2% | |
| 20-49 | 848 | 1.0% | |
| 50-99 | 230 | 0.3% | |
| 100-199 | 137 | 0.2% | |
| 200-499 | 77 | <0.1% | |
| 500+ | 53 | <0.1% |
90% have 1 to 4 employees; 53 have 500 or more.
By yearly revenue (USD)
| Revenue | Share | Companies | % |
|---|---|---|---|
| < $100K | 28,530 | 40% | |
| $100K-$500K | 36,296 | 51% | |
| $500K-$1M | 3,805 | 5% | |
| $1M-$5M | 2,188 | 3% | |
| $5M-$10M | 255 | 0.4% | |
| $10M-$100M | 263 | 0.4% | |
| $100M-$1B | 16 | <0.1% | |
| $1B+ | 0 | 0% |
16 companies report more than $100 million; 0 more than $1 billion.
Small businesses in Montenegro
Most companies in Montenegro are small businesses. Of the 86,828 with a known headcount, 83,746 (96%) are micro businesses with fewer than ten employees, 2,585 are small (10 to 49) and 444 medium-sized (50 to 499). Only 53 employ 500 people or more, so 99.94% of Montenegrin companies are SMEs. This is where our data is strongest: sole traders, micro companies and single shops, each with an address and an industry code.
| Size class | Share | Companies | % |
|---|---|---|---|
| Micro · fewer than 10 | 83,746 | 96% | |
| Small · 10 to 49 | 2,585 | 3% | |
| Medium · 50 to 499 | 444 | 0.5% | |
| Large · 500 or more | 53 | <0.1% |
78,544
companies have 1 to 4 employees (90%). 28,530 turn over less than $100,000 a year.
16,037
sole traders are in the data, each with an address and an industry code.
100%
of the 9 companies started in 2026 have 1 to 4 employees (9). Only 0 started with 200 staff or more.
Where are companies in Montenegro based?
Podgorica has more companies than any other municipality in Montenegro: 27,955, or 30% of the total, ahead of Budva (13,857) and Bar (9,041). Below you find the twelve largest of its 26 municipalities and the ten busiest cities, with a link to the local list where we have one.
The twelve largest of 26 municipalities
| Municipality | Share | Companies | % |
|---|---|---|---|
| Podgorica | 27,955 | 30% | |
| Budva | 13,857 | 15% | |
| Bar | 9,041 | 10% | |
| Niksic | 3,851 | 4% | |
| Herceg-Novi | 3,728 | 4% | |
| Tivat | 3,702 | 4% | |
| Ulcinj | 3,284 | 4% | |
| Kotor | 2,861 | 3% | |
| Bijelo Polje | 2,628 | 3% | |
| Berane | 1,504 | 2% | |
| Cetinje | 1,504 | 2% | |
| Herceg Novi | 1,388 | 2% |
Ten busiest cities
- Podgorica31,276
- Budva14,994
- Bar10,489
- Herceg Novi5,833
- Nikšić4,427
- Tivat4,005
- Ulcinj3,801
- Bijelo Polje3,293
- Kotor3,248
- Berane1,822
Main industries in Montenegro
Restaurants and bars is the biggest industry in Montenegro by number of companies: 8,869, or 10% of all firms with an industry code. Next come wholesale (consumer goods) (8,018) and business services and IT (7,596). Companies are grouped here by their SIC code, the classification every company in our data carries, in every country. Below you find the main sectors, the largest industries with their biggest companies.
- Restaurants and bars8,86910%
- Wholesale (consumer goods)8,0189%
- Business services and IT7,5968%
- Engineering, accounting and management7,0628%
- Other shops6,4887%
- Building construction4,5405%
- Construction trades4,1304%
- Passenger transport4,0284%
- Real estate3,9664%
- Department stores3,4964%
- Personal services3,0763%
- Car repair2,4143%
- Haulage and warehousing2,2602%
- Hotels2,2502%
- Travel and transport services1,8352%
- Other industries22,13124%
The fifteen largest of 80 SIC major groups; records without an industry code are not in this chart.
Largest industries in Montenegro
8,869
Restaurants and bars
SIC 58: Eating And Drinking Places
- 1334 staff
- 2281 staff
- 3101 staff
8,018
Wholesale (consumer goods)
SIC 51: Wholesale Trade-non-durable Goods
- 12,417 staff
- 21,724 staff
- 3461 staff
7,596
Business services and IT
SIC 73: Business Services
- 1813 staff
- 2609 staff
- 3452 staff
7,062
Engineering, accounting and management
SIC 87: Engineering, Accounting, Research, Management, And Related Services
- 1494 staff
- 2184 staff
- 3114 staff
6,488
Other shops
SIC 59: Miscellaneous Retail
- 1219 staff
- 2189 staff
- 3145 staff
4,540
Building construction
SIC 15: Building Construction General Contractors And Operative Builders
- 1163 staff
- 2142 staff
- 3120 staff
4,130
Construction trades
SIC 17: Construction Special Trade Contractors
- 1444 staff
- 2280 staff
- 3140 staff
4,028
Passenger transport
SIC 41: Local And Suburban Transit And Interurban Highway Passenger Transportation
- 1116 staff
- 285 staff
- 377 staff
Discover more: all Montenegrin industries, cities and regions
Every Montenegrin list we publish. Industries are grouped by economic sector.
Countries
- Afghanistan
- Albania
- Algeria
- Angola
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belarus
- Belgium
- Belize
- Bermuda
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Brazil
- Cameroon
- Canada
- Cayman Islands
- Chile
- China
- Colombia
- Costa Rica
- Croatia
- Curaçao
- Cyprus
- Czech Republic
- Denmark
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Estonia
- Ethiopia
- Finland
- France
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Guatemala
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Iran
- Iraq
- Ireland
- Israel
- Italy
- Ivory Coast
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kenya
- Kuwait
- Kyrgyzstan
- Latvia
- Lebanon
- Liechtenstein
- Lithuania
- Luxembourg
- Macao
- Malawi
- Malaysia
- Malta
- Mauritius
- Mexico
- Moldova
- Monaco
- Morocco
- Mozambique
- Namibia
- Nepal
- Netherlands
- New Zealand
- Nicaragua
- Niger
- Nigeria
- North Macedonia
- Norway
- Oman
- Pakistan
- Panama
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Qatar
- Romania
- Russia
- Saudi Arabia
- Serbia
- Singapore
- Slovakia
- Slovenia
- South Africa
- South Korea
- Spain
- Sri Lanka
- Sweden
- Switzerland
- Syria
- Taiwan
- Tanzania
- Thailand
- Trinidad and Tobago
- Tunisia
- Turkey
- Turkey
- UAE
- Uganda
- UK
- Ukraine
- Uruguay
- USA
- Uzbekistan
- Venezuela
- Vietnam
- Yemen
- Zambia
- Zimbabwe
How many new companies are registered in Montenegro? (2026)
9 new companies and startups registered in Montenegro so far in 2026, about 0 every working day, after 5,923 new businesses in 2025. Most startups begin small: 100% of this year's newcomers have one to four employees. 9 of them are corporations (d.o.o. and a.d.).
≈ 0
new companies register every working day in 2026
100%
of this year's startups begin with one to four employees
5,923
new companies in 2025
Companies founded per year
- 7,2722022
- 7,8642023
- 7,5012024
- 5,9232025
- 92026 so far
The biggest newcomers of 2026
A new registration is often a restructuring, not a start-up: the largest newcomers are new holding and property companies for existing businesses.
- 13 staff
- 23 staff
- 33 staff
- 42 staff
- 52 staff
Oldest companies in Montenegro
Our data holds 189 Montenegrin organisations founded before 1950. The national business register dates a company from the creation of its current legal unit, so older firms show a later founding year.
Older than you
Move the slider to a year. Two live counts from the founding year in our data.
332
Montenegrin companies were founded before 1990
100
were founded in 1990
332 Montenegrin organisations in our data were founded before 1990.
Types of companies in Montenegro
Three in four Montenegrin businesses in our data are corporations (d.o.o. and a.d.), and one in six is a sole trader. Partnerships make up 0.4%. The chart shows every legal form in our data.
- Corporations69,41275%
- No legal form on record3,8654%
- Sole traders16,03717%
- Partnerships3850.4%
- Foreign companies6420.7%
- Non-profit organisations1,7922%
- Cooperatives1060.1%
Which Montenegrin companies are part of a group?
Most Montenegrin companies stand alone: 93% are single-site businesses. The other 6,856 are part of a multi-site structure, as one of 3,610 head offices or 3,246 branches. The largest corporate family on this page is Dekra Privremeno Zaposljavanje, with 1,566 companies in its group.
The largest corporate families on this page
- 11,566 companies
- 2861 companies
- 3255 companies
- 4141 companies
- 5109 companies
- 641 companies
- 733 companies
- 819 companies
Counted from the largest companies on this page, not from all 92,239; the API has no group-size filter.
What you can reach: contact data on Montenegrin companies
4,402 Montenegrin companies have a website on record (5%), 91 a phone number (<0.1%) and 2,619 an email address (3%). Corporations are easier to reach online: 5% have a website and 3% an email address.
| Field | Share | Companies | % |
|---|---|---|---|
| Website | 4,402 | 5% | |
| Phone | 91 | <0.1% | |
| 2,619 | 3% |
Questions about companies in Montenegro
Every answer is counted from the data on this page (2 November 2026).
92,239. That includes 16,037 sole traders and 385 partnerships.
69,412 corporations, 75% of all Montenegrin businesses in our data (2 November 2026).
Of the 86,828 Montenegrin companies with a known headcount, 86,775 have fewer than 500 employees: 83,746 micro, 2,585 small and 444 medium-sized. 53 are large enterprises.
Elektroprivreda Crne Gore AD, with $460.6 million in yearly revenue, ahead of Voli Trade ($442.6M) and Hard Discount Lakovic ($323.5M).
Idea - CG, with 2,584 staff on its record (for a group's parent this is usually the whole group's headcount).
27,955, 30% of all Montenegrin companies (2 November 2026).
9 so far in 2026, about 0 per working day, after 5,923 in 2025.
From the national business register and other official sources, combined with company websites and filings, and refreshed every month.
4,402, 5% of all Montenegrin companies. 91 have a phone number and 2,619 an email address.
Yes. The full list of 92,239 companies is available as Excel, CSV or through the API from our Montenegrin company database.
Get the full list
All 92,239 companies in Montenegro with address, SIC code, legal form, employees, revenue, founding year, website, phone and email where we hold them. Excel, CSV or API. The product details are in our Montenegrin company database.
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