"In practice, we see that a significant number of people for whom Montenegro has become a home have decided to move," says Gerasimova.
The expert points out that the situation is complicated by some ambiguity of the new rules, which creates difficulties in their uniform interpretation. This leads to uncertainty among foreign citizens.
"Some provisions of the law can be interpreted in such a way that they create serious administrative barriers for foreigners to run small and medium-sized businesses," Gerasimova shares her observations.
She also draws attention to the fact that in its quest for European integration, Montenegro is losing some of the foreign investors and entrepreneurs who transfer their activities directly to EU countries.
According to the expert, the new rules have had a particularly significant impact on young foreign specialists, including representatives of promising sectors such as IT.
These are precisely the specialists who could make a significant contribution to the development of the country's economy and technological potential. However, new conditions have made it more difficult for them to stay," Gerasimova notes.She calls a separate difficulty the requirement established by law on the minimum cost of real estate for obtaining a residence permit related to entrepreneurship.
The established threshold of 150,000 euros does not always correspond to the market situation in some regions, especially in the north of the country, where infrastructure continues to develop. This may limit investment flows to these municipalities, the expert believes.Source: Investor
