Publications
Our solution partner, Kasaroglu Law Office has published the second video of its video series about the concordat process, which are prepared to share its knowledge and experience with you in this field. You can visit https://www.youtube.com/watch?v=G5eFd4nLxj0 for watching the video.
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As is known “The Decision on Criteria, Method and Procedure for Selection of Persons Who May Acquire Montenegrin Citizenship by Admission for the Implementation of a Special Investment Program of Particular Importance for the Business and Economic Interest of Montenegro” (“Decision”) has entered into force on January 1, 2019. According to the Decision, three years period has been stipulated for the Montenegrin Economic Citizenship Program (“Program”), the Program will continue until 31 December 2021.
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Our solution partner, Kasaroglu Law Office has published the first video of its video series about the concordat process, which are prepared to share its knowledge and experience with you in this field. You can visit https://www.youtube.com/watch?v=fWA8e7YkQxg for watching the video.
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From time to time, the decisions of the Montenegrin Economic Citizenship Program (“Program”) and the procedures and criteria for acquiring Montenegro citizenship are shared with the public by the Montenegrin government.
In light of recent developments, with the decision published in the Official Gazette of Montenegro no 79/2018 “The Decision on Criteria, Method and Procedure for Selection of Persons Who May Acquire Montenegrin Citizenship by Admission for the Implementation of a Special Investment Program of Particular Importance for the Business and Economic Interest of Montenegro” (“Decision”) has entered into force on January 1, 2019 and will continue until 31 December, 2021. The applications to be accepted in this period are limited to 2000 foreign investors.
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As is known “The Decision on Criteria, Method and Procedure for Selection of Persons Who May Acquire Montenegrin Citizenship by Admission for the Implementation of a Special Investment Program of Particular Importance for the Business and Economic Interest of Montenegro” (“Decision”) has entered into force on January 1, 2019. According to the Decision, three years period has been stipulated for the Montenegrin Economic Citizenship Program (“Program”), the Program will continue until 31 December 2021.
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As is known, with the amendments on the Regulation on the Implementation of the Citizenship Law, significant changes have been introduced regarding the exceptional acquisition of Turkish citizenship.
In order to share our expertise in this area, we have launched a video on the acquisition of the Turkish citizenship by purchasing real estate in Turkey. You can visit the below link for watching this video:
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What is the Legal Basis of Purchasing Immovable Property in Turkey by Foreigners?
Article 35 of the Land Registry Law No. 2644 has been amended by the Law No. 6302 which entered into force on 18 May 2012. Accordingly, the condition of reciprocity with regard to purchasing immovable property in Turkey by foreigners has been abolished. In this context, those countries whose citizens can purchase immovable property in Turkey in certain specified conditions, has been identified by Council of Ministers. With the said amendment, the Law has entitled the citizens of 183 countries to purchase immovable property “without the condition of reciprocity”. The most important reason of the said amendment is to enable Turkey for foreign investors’ acquisitions due to considerable interest to immovable pr...
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“E-2 Treaty Investor Visa” classified as Commercial Treaty Investor Visa is a nonimmigrant visa given to people who need going to the USA and being there for a while in order to make a significant trade between the USA and Turkey or to manage or develop the business in which he invested a substantial amount of capital.
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Financial leasing agreements gained legal force under Turkish Law with the Financial Leasing Law No. 3226 dated 28 June 1985 (“Annulled Law”) and Statutory Decree No. 90 dated 30 September 1983 on Loan Transaction. Said legislation had remained in force for almost 30 years; however, considering the practical drawbacks and the necessities in business life, it has been repealed with the Financial Leasing, Factoring and Financing Companies Law No. 6361 dated 13 December 2012 (Law No. 6361).
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It was known that the Montenegrin government would issue passports to foreigners who would invest in development projects in the country. With the decision published in the Official Gazette of Montenegro no 79/2018 “The Decision on Criteria, Method and Procedure for Selection of Persons Who May Acquire Montenegrin Citizenship by Admission for the Implementation of a Special Investment Program of Particular Importance for the Business and Economic Interest of Montenegro” has entered into force on January 1, 2019.
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