Foreign investment in radio and TV broadcasting shall not exceed 49%.
"Article 2
In terms of this law, the terms used have the following meanings:
"Foreign investor": means a natural person who does not have a permanent residence in Bosnia and Herzegovina and does not have his main place of business in Bosnia and Herzegovina or a legal entity formed in accordance with foreign law that has its registered office, central administration or main place of business in a foreign country the country;
"Foreign direct investment" means an investment in a newly founded company or an investment in an existing domestic company, as well as an investment in a newly founded institution or an existing institution, which can be in money, things and rights. [...]
"Media"  means radio broadcasting and television broadcasting activities via terrestrial radiodiffusion.
[...]
Article 4
(a) Regardless of the policy of free direct foreign investment in Bosnia and Herzegovina established in Article 3 of this law, a foreign stake in the share capital of a business entity engaged in the production and sale of weapons, ammunition, explosives for military use, military equipment and media business will not exceed 49% of the basic capital in that business entity.
(b) In the case of investments in sectors subject to the restrictions referred to in paragraph (a) of this Article, foreign investors must obtain prior approval from the competent authority in the corresponding Entity.[...]" (THE LAW ON THE POLICY OF DIRECT FOREIGN INVESTMENT IN BOSNIA AND HERZEGOVINA ("Official Gazette of BiH", no. 4/1998, 17/1998, 13/2003, 48/2010 and 22/2015) [google translation])
THE LAW ON THE POLICY OF DIRECT FOREIGN INVESTMENT IN BOSNIA AND HERZEGOVINA ("Official Gazette of BiH", no. 4/1998, 17/1998, 13/2003, 48/2010 and 22/2015) [google translation]
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