News
Croatia Introduces New Property Tax Law
The Croatian government has announced a new property tax initiative set to take effect on January 1, 2025. This legislation will replace the existing vacation home tax and will apply to all residential properties, with certain exemptions.
Hungary: New Restrictions on Hiring Foreigners
Hungary has implemented new regulations aimed at prioritizing local employment and limiting the hiring of foreign nationals. Employers now face increased reporting obligations and restrictions if they have recent labor violations.
Serbia: Real Estate Focus
Serbia’s residential market sees a shift toward buildings exclusively for lease, highlighted by AFI’s new 147-unit project in Belgrade. This trend, driven by Millennials and Gen Z, offers promising opportunities for investors.
Delays Continue for EU's Entry/Exit System Rollout
The European Union's initiative to modernize border checks is facing further setbacks, with the Entry/Exit System (EES) now postponed indefinitely. Originally slated to launch on November 10, 2024, the project will not proceed as planned, leaving many questions unanswered.
Serbian Coordination Directorate Passports Entered EU Visa-Free Regime
Effective 13th October, 2024, Serbian nationals who reside in Kosovo and hold passports issued by Serbia's Coordination Directorate (Koordinaciona uprava) no longer need a visa to EU for stays up to 90 cumulative days within a 180-day rolling period.
Poland plans to tighten the criteria for issuing Work permits for foreigners
One of the main changes is the ban on the issuance of Work permits on the basis of civil law contracts.
Finland raises income thresholds for Residence permit applicants
Starting November 1, the financial threshold for a Finnish Residence permit will be 14,520 EUR per year for sinle applicants and 800 EUR per month for students. The increase will only affect new applicants.
Holders of passports issued by Serbian Coordination Directorate will soon be able to travel to EU based on visa-free regime
Visa requirements for entering EU countries have been removed for Serbian nationals who hold passports issued by Serbia’s Coordination Directorate. As a combined action of European Parliament (EP) and the Council of the European Union, the decision was signed by EP President Roberta Metsola and Hungary’s Minister for European Affairs, János Bóka on September 18, 2024 in Strasbourg.