An important aspect to consider when opening a company in Montenegro is that the shareholders do not have decision-making powers in respect to the day-to-day activities. Also, they are not entitled to own company properties or intellectual property where the business is organized as private limited liability company or joint stock company. This occurs between a clear distinction is made between the shareholders and the legal entity.

When it comes to the powers of shareholders, these are:

• The power of deciding any increase or decrease in the capital of the company
• The power of make changes in the company’s statutory documents
• The power to appoint and remove company directors and other executives, including auditors
• The power to decide to end the activities of the company by voluntary liquidation