MONTENEGRO Law and Practice Contributed by: Luka Popović and Milana Savović, BDK Advokati
reports of the financial statements of the founder or member of the company (if they are subject to audit), for the previous two years prepared by an authorised auditor, in accordance with the regula- tions of the country of origin of the member or founder; • contract regarding the ownership right or the right of lease of the premises in which the operator intends to conduct casino games; • a report on the distance from educational institu- tions prepared and certified by a licensed geodetic organisation; • proof of payment of the administrative fee; • game rules for each game that will be organised; • the price of a token or credit point in slot machine games, with a description of the method of record- ing in the slot machine total registry and the final deadline for payment to participate in the game; and • data on the type and number of gaming machines and gaming aids, with detailed information for their identification if such are used in the premises for which the licence is being requested. Betting licences An application for a betting licence must be submitted to the Games of Chance Administration along with the following documents/information: • proof of registration in the Central Registry of Com- mercial Entities or another appropriate registry in the country where the company, founder, or com- pany member has its registered office or residence; • tax identification number (TIN), name and seat of the company; • memorandum of association; • list of shareholders or stockholders of the compa- ny, including full names and residential addresses and/or company names and registered office addresses, information on registration numbers, as well as the total nominal value of shares or stocks and the percentage share in the share capital of the company; • an excerpt from the registry if the company mem- ber is a legal entity, or from another public regis- try if the founder or member of the company is a foreign legal entity, and a list of shareholders or stockholders, including their names and residential
addresses and/or company names and registered office addresses, as well as the total nominal amounts of shares or stocks and the percentage of participation in the share capital of the founding legal entity; • a certified copy of the identification document showing the data on the name, surname, date and place of birth for the director, company members, and members of the management and governing bodies; • data on the beneficial owner, in accordance with the Act on Prevention of Money Laundering and Financing of Terrorism; • a notarised statement that the company is not a beneficial owner of an affiliated company with another company that already holds the right to organise casino games; • a certificate from the authority responsible for maintaining criminal records for the director, authorised/legal representatives, company mem- bers, management and executive body members, founders, and the beneficial owners, confirming that no criminal proceedings are pending against the aforementioned individuals nor have they been convicted of offences punishable by an uncon- ditional prison sentence of one year or more, including crimes related to payment transactions, economic operations, life and bodily integrity, freedoms and rights, labour rights, environment and spatial planning, general safety, computer data security, legal transactions, IP, and official duty (for Montenegrin citizens, this information is verified ex officio – if any of these individuals is not a Monte- negrin citizen, they must submit a certificate from their country of citizenship, and a certificate from any country where they have resided in the past two years); • a certificate issued by the authority responsible for maintaining criminal records, evidencing that no criminal proceedings are being conducted against the founder and the beneficial owner of the com- pany, nor has a final and binding conviction been pronounced in connection with the performance of professional activities; • if the founder or member of the company is a foreign legal or natural person, a certificate, con- firmation, or other act issued by the administra- tive authority competent for the collection of tax
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