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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.
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]
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Banks in Montenegro provide both retail and corporate banking products under one roof, and most offer non-resident accounts, usually to both natural persons and legal entities. [ 35 ] The Montenegro Stock Exchange , founded in 1993, was strengthened in 2011 when it merged to become the sole stock exchange in the country.
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]
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