Law on foreign investments.

This Law shall regulate the modes of foreign investments, the rights of foreign investors, protection on foreign investors, promotion and other issues of importance for foreign investments in Montenegro. The text is divided into eight thematic Chapters: General provisions (I); Modes of foreign investments (II); Foreign investment principles (III); Protection of foreign investors (IV); Incitement and promotion of foreign investments (V); Recording of foreign investments (VI); Settlement of disputes (VII); Transitional and final provisions (VIII). For the purpose of this Law, a foreign investor shall be: Foreign legal entity or individual; Legal entity having at least 10% share of foreign capital into the total entity’s capital; Legal entity established in Montenegro by a foreign individual; Citizen of Montenegro having place of residence abroad. Foreign investment may be executed through the concession agreement, franchising agreement, agreement on financial leasing, agreement on sale and purchase of real estates and other agreement, as provided by the law. For the purpose of this Law, a foreign investment shall be a pecuniary investment, investment in goods, services, proprietary rights and securities, in accordance with the law. Foreign investment made in goods and proprietary rights shall be understood to mean an investment in fixed assets, in accordance with accounting regulations.