Balkan Business Brief

Golden passport in Montenegro

Would you like to get Montenegrin citizenship and to live in this beautiful country? If you are interested, you are still on time to do it! Especially if you are looking for an investment opportunity there. In January 2019 Montenegro launched the economic citizenship project. Foreign investors are given the opportunity to acquire Montenegrin citizenship on the condition that they invest in an investment project in the field of tourism, processing industry and agriculture.

So, let's precise what is needed for golden passport? It is necessary to pay 100,000 euros to the state fund of Montenegro, as well as to start an investment with a minimum value of 450,000 euros in developed regions or 250,000 euros in less developed regions. The golden passport project is expected to be finish by the end of 2022.

Life insurance that brings more

This month, the Macedonian Agency for Insurance Supervision adopted a new regulation for Unit Linked Insurance.?Unit Linked insurance is a product with a high potential for return on invested funds. At the same time, this type of investment contains the risk of losing the invested funds, because the return on the invested funds depends on the price movements of shares. Now insurance companies are obligated to explain and present all key data based on which the customer will decide whether to invest in this insurance product. The goal of the new legal regulation is to increase the transparency of this product and to enable customers to assess potential investment risks.

Do you think this will be helpful for customers?

The largest coffee chain in the world comes to Montenegro

Montenegrin citizens can look forward to a new cafeteria! By the end of the year, Starbucks, the largest chain of cafes will expand its operations to Montenegro. The Starbucks cafeteria will be opened by the company Zeren Group from Great Britain, which has a franchise. The value of the investment is 5 million euros, and the plan is to hire about 50 workers. From Zeren Group they pointed out that people in Montenegro expressed great interest and excitement for the upcoming cafeterias!?

Taxation of freelancers in Serbia

Do you think that regulation of freelancers can bring benefits for the country, employers, and freelancers?

Serbia has published a tax model according to which remote workers should be taxed in the coming year. There will be two methods of tax calculation, and which one will be applied depends on whether the person who provides services to individuals or legal entities abroad, and is the person employed or unemployed.?Recognizing the status of freelancers in the legislation of Serbia will enable these people to realize the right to pensions and health insurance based on freelance income. The model also gives freelancers the opportunity to register as a business entity - entrepreneur.