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Montenegro still continues to develop its legislation system, proposing new Drafts of existing Law and elaborates new normative regulation of relations, which have not been regulated so far in compliance with European norms and standards- “Draft Law mostly contains provisions which have been taken from the former Federal Law, offering a ...
All visa holders bought properties, lived in them for 2 weeks before leaving them empty or renting them out to holidaymakers, resulting in rising property prices and long-term rentals became unaffordable for locals. €7 billion has come into the country, 90% being used to buy property. Only 2 visas a year were issued for job creation reasons.
Montenegro experienced a real estate boom in 2006 and 2007, with wealthy Russians, Britons and others buying property on the Montenegrin coast. As of 2008, Montenegro received more foreign investment per capita than any other nation in Europe. [32]
The country scrapped large parts of its golden visa program last year, which previously allowed foreigners to take up residency by buying property worth at least €350,000 ($380,000) in popular ...
Luckily, a number of countries offer Citizenship by Investment (CIP) programs where money — normally invested in real estate — can actually buy a second passport, and the elite status that ...
The concept of citizenship in Montenegrin law can be traced back to the laws promulgated in 1803 by Petar I Petrović-Njegoš, which articulated the principle of jus sanguinis in reference to Crnogorac (Montenegrins) and Brdjanin (Highlanders), and then to the legal code of 1855, which reiterated the earlier principles and also granted foreigners the right to reside in Montenegro. [1]
Montenegro’s Parliament adopted a contested law on religious rights Friday after chaotic scenes that saw the detention of all pro-Serb opposition lawmakers. The vote followed nationwide protests ...
Foreign ownership of assets is widespread in a modern, globally integrated economy, at both the corporate and individual levels. An example of the former is when a corporation acquires part, or all, of another company headquartered overseas, or when it purchases property, infrastructure, access rights or other assets in countries abroad. [2]