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Investors will now be required to pay an annual fee of 5% of the estimated value of a project if construction exceeds the approved completion deadline. This regulation, adopted by the government, applies to projects not finished within five years from the issuance of a building permit.
The fee is calculated based on the revised main project used to issue the permit. Payments must be made to the budget of Montenegro, or to the local municipality if the permit was issued locally, with proof of payment submitted to the relevant authority.
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The regulation aims to protect urban spaces, ensure the safety of citizens and surrounding buildings, and promote human-centered urban development.
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