However, from the few snippets available online, you can only invest in hotels and resorts. The Montenegrin passport brings visa-free access to over 122 countries, including Europe. Even though plenty of Nomad Capitalists have been lured to vacation in Montenegro and revel in its luxuriousness – including Andrew, who has a vacation home there – not many have realized that it also presents some extraordinary investment opportunities. Initially, we felt that Montenegro didn’t offer much to the Nomad Capitalist, but we said the same thing about the Turkish CBI program when it first launched. So, to sweeten the pot, the Montenegrin government has decided to throw in a passport and secure those investments. Montenegro’s residence by investment. 2. Viber: +678 535 7130 It has slowly been fulfilling the criteria that were set out by Brussels, so the general consensus is that Montenegro will be admitted to the union. First, make sure you’re eligible to apply: If you’re eligible to apply for a Montenegrin passport, you’ll be glad to know that it will take 3-6 months to get approved. So, it’s only a matter of time, unlike many of the Caribbean CBIs, where there is simply no scope for grandiose economic advances. One of the most anticipated Citizenship by Investment programs in Europe, bringing global mobility, increased security and quality of life for foreign investors and their families, with a minimum capital requirement of €350,000. There is no telling if they will renew it, but if they don’t, now is the time to apply to obtain the cheapest European citizenship that’s out there. The absolute minimum that you need to invest is. E-Mail: Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or donate to a specified public fund. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. That’s because it regained its independence only in 2006 after it’s citizens cast a ballot to split up the, How Does the Montenegro CBI Program Compare, Usually, countries that offer citizenship by investment programs are, First, the total investment required is one of the, . The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. The difference from other CBI programs is that Montenegro’s has an expiration date – 31st of December 2021. Currently, about, Invest or set up companies and employ locals, Donate to development funds (in some jurisdictions), For example, Montenegro would never get away with selling their passport for a couple of million euros like, Up until very recently, the world had no idea Montenegro existed. In other words, you will be able to sell it after a holding period of five years. The Montenegro citizenship by investment scheme is quite popular among EU citizens as it does not require them to live here before or after being granted a Montenegro passport. The VAT is 19%. 250 000 EUR investment in land in an undeveloped territory in the north of the country. No. There is no shame in that. The Montenegro Special Citizenship by Investment Program (MSCIP) will require investments in economic activity (business) that will contribute to the economic development of Montenegro and/or investment in real estate and/or payment of funds into a special account of the Budget of Montenegro. [email protected] It’s also extremely easy to. KEY FACTS. 4. Is the program of this small Balkan country worthy of your money and your time? . The absolute minimum that you need to invest is €350,000. But once you do, you need to spend 5 days in Montenegro over the period of 5 years to retain the citizenship and get your passport extended. Montenegro will launch its own Citizenship by Investment Program in October 2018. This includes spouses, minor children, parents, and grandparents. Montenegro Citizenship by Investment . That’s because it regained its independence only in 2006 after it’s citizens cast a ballot to split up the State Union of Serbia and Montenegro. €100,000 donation to the government of Montenegro, which will be used to fund development projects. Contact through WhatsApp as well, or write a Email. Montenegro Citizenship by Investment FAQs, The United States EB-5 Visa: the Ultimate Guide, Ukraine Residence by Investment: the Ultimate Guide. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. The property prices in Montenegro is lowest in Europe, makes it … Montenegro is a candidate for EU membership and has lowest property prices. In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. But if you don’t care about being in Europe, then. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. For more information on how to obtain a residence permit in Montenegro, please contact us. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. We feel that Montenegro has struck a near-perfect balance here. Note: The Citizenship by Investment Program of Montenegro will only accept 2,000 applications in 3 years-period beginning January 1, 2019. Many websites say that it does not allow but you have stated that it allows. Global Office Locations. High public debt. It’s definitely far above the competition in nearby Moldova and Bulgaria. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. Montenegro launched its Citizenship by Investment Program in 2019, offering a less expensive citizen option than other European countries. The corporate and personal tax rate is set at a low 9%. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. If you’re already in the know, feel free to scroll down. Possess a valid passport or another foreign travel document. Travel to Montenegro to take a citizenship oath and provide your biometric data. The Montenegrin CBI program was opened in 2019 and will run to the end of 2021. The Montenegro Citizenship-by-Investment Program requires applicants to make a defined economic contribution to Montenegrin society through an investment in an approved development project, and a capital contribution to a fund designated by the government for the advancement of under-developed areas. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. And for a fraction of the price. Here are the main pros of obtaining and holding on to your Montenegrin passport. Years of debates and discussions followed. The total required investment is slightly more than we’d find optimal, but it is a really good proposition when you consider that the country will soon be part of the European Union. ENTRY CRITERIA €100,000 donation Budva during the summer becomes the "capital" of Montenegro and without exaggeration, it can be said that the entertainment in this city never stops. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. But more so than to the government, a CBI program has to be designed and priced just right to make sense for a western high-net-worth individual to engage with. They can often outbuy western investors because they buy more on impulse and less on numbers. We’ve done this before. Temporarily put on … If we know anything about the Balkans, it is that things tend to move slowly here. Receive your passport; your citizenship is issued for life. Your email address will not be published. Lake Skadar, Kolasin and Zabljak are all places where you can invest just €250,000 to obtain a Montenegrin passport. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? You can visit the EU Schengen area visa-free for 90 days in any given 6 month period, but you aren’t allowed to become a resident or work there. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. The idea is to jumpstart foreign direct investment (FDI), especially in the undeveloped north, by offering citizenship to those who meet a few criteria. If you’re going to invest in Montenegro, you have to keep in mind that you’ll be going up against Russian investors who’ve been working in Montenegro for decades. 3. Investment in a government approved project, either €250,000 investment in the north of the country, Or €450,000 investment in the south of the country. For many, it will be worth the gamble and they will commit to investing €365,000 – the cheapest way by far to buy a European citizenship at the moment. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. However, this is one of the friendliest countries in Europe, thus most of the applicants decide to move here with family members. The country uses the euro. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. E-2 Visa Eligible. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. A couple investing in the luxurious coastal area will have to shell out €575,000. There are so many interesting infrastructure and industrial projects to get involved in.”, “The Nomad Capitalist team has helped me obtain a Montenegrin passport, advising me to invest in a coastal property. The sex appeal. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. . Option 1. Investment from € 350 thousand A non-refundable contribution to the specially created state fund of Montenegro, the funds from which will be directed to the development of local government structures in accordance with the Law of Montenegro "On Regional Development". Expected date to join the EU is 2025. 15 000 EUR for single Government Application fee plus each member 10 000 EUR up to 4 members, each member more is an additional 50 000 EUR. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. And even though the marina is now owned by the Investment Corporation of Dubai, which shelled out $200 million for it, there is still plenty of Adriatic charm left in the old walled villages. The above timeline is an estimate provided for information purposes only based on experiences with past clients. If traveling to these countries is important to you and you plan to make Montenegro’s passport your main one, this is definitely something to keep in mind. For example, Antigua and Barbuda will ask for the same, only the amounts will differ. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. The processing time takes around 6 months. Supposedly, it’s done to ensure real estate deals are legal and transparent, but it’s also an artificial way to inflate prices and charge foreigners a premium. www.citizenship-program.com/montenegro What does the citizenship through investment entail? Montenegro’s CBI program will excite high-net-worth investors because of its nearly-EU status. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. Hold no criminal record. I wrote an article about the pros and cons of the program here. Donations in Government funds in the amount of 100 000 EUR. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. 6. Starting in January 2019, the Montenegrin government launched a citizenship-by-investment program (CIP). Montenegro launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. That’s why they’ve overpriced their CBI program, hoping that people are willing to pay more on the assumption that they will be full-fledged European Union members rather soon. You read about the Montenegro Citizenship by Investment Program and are wondering what is its true price. That’s how long the due diligence and application processing takes. That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. Applicants can apply by investing in one of several government approved real estate development projects. Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. Option 1 – Northern Real Estate Investment. It’s currently around 71%, but is forecasted to increase by 5% when the country has to start repaying its Chinese loan of $1 billion for the highway that will connect the Montenegrin coast with Belgrade, Serbia. The first applications for obtaining Montenegrin passports for investments began to be accepted from January 2019. Montenegro Resort, Property, Aparthotel. This is a great second passport to have.”. We will send you an offer tailored to your needs. However, if you’re set on a Montenegrin passport, you’ll need to become the proud owner of an apartment or a condo in a resort of some sort. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. I’m hoping that when it becomes part of the EU, my family can settle in Germany, where I do the majority of my business.”, “Gaining access to the Balkan peninsula has been a really great move for me as an investor. For example, Montenegro would never get away with selling their passport for a couple of million euros like Cyprus does, because it doesn’t offer the same benefits. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. There are different types of costs in this point. The newest kid on the citizenship by investment (CBI) block is Montenegro and we’re sure it’s going to give other CBI programs a run for their money. investment in real estate in the norther regions of the country. No. Montenegro Citizenship by Investment Options: The investor and family has to make a significant economic contribution to the country (donation plus real estate investment as listed above) and can immediately obtain their passports once their application is approved and the documents are valid for an initial period of five years with the possibility to renew … Spend just 5 days in Montenegro in a 5 year period to renew your passport. CBI scheme is limited to only 2000 investors. How Does the Montenegro CBI Program Compare? ⤅ Montenegro’s Citizenship by Investment Program. The highly anticipated Montenegro Citizenship By Investment Program (Montenegro CBI) now affords third country nationals the opportunity to acquire a second passport in 3 months, with investments from only €250,000. Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. Montenegro is not only recognizable for its exceptional natural beauty, but is also known for its exciting nightlife. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. In a way, we think that Montenegro’s CBI program was set up for them. No further commitment is required. A citizenship by investment program is an instrument that a national government of any country in the world can utilize to raise capital and help their economy develop. T he Montenegro citizenship by investment application process is extremely efficient, and the government of Montenegro is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. So, if Europe is a focal point for you in terms of doing business, it might make more sense than buying a citizenship in St Lucia, for example. Ever since, it has avoided international conflict, become a member of NATO, and it has unilaterally (with no representation in the European Central Bank) adopted the euro as well. Another important thing about investing in Montenegrin real estate is that the CBI program has split the country into two distinct regions – the northern and the southern – and depending on where you want to invest, the amount will differ. Real estate is quite liquid in both of these places, so it shouldn’t be a problem to sell and even make a profit. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. Specialised in immigration advisory on Montenegro Citizenship-by-Investment Program, the CMM Group will thoroughly assist you in pursuing the path to becoming a citizen of Montenegro. Although the investment amount is much less than under the citizenship program, €100,000, passport can only be granted after 10 years of permanent residence and lawfully living in Montenegro. So, if you do business in China, a Montenegrin passport could be a good addition to your. Favorable tax environment. Corruption is ever-present. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. Then, it’s passport holders will get visa-free access to all Schengen countries. But we’d recommend you discuss your financial situation and long-term goals with. Option 2 – Southern Real Estate Investment. Montenegro has everything from stunning beaches to forests to ski resorts. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. The application phase is already beginning. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. -. Trg Sunca br. Montenegro Citizenship by Investment If you want to acquire Montenegrin citizenship and, upon preference, expand your business vastly, our devoted team of experienced lawyers and investment specialists will expertly guide your through the process of obtaining a Montenegrin passport. Real estate is overvalued. Let’s talk about the donation first. The rules differ per country, but essentially, it’s like buying a passport. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. Invest €250,000 in the mountainous northern region. Be a non-EU citizen. A Montenegrin passport is a B-class passport; you can’t travel to some of the most important countries on earth visa-free, but the tremendous potential is there. Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. 4, Budva  Required fields are marked *. While some CBI programs will allow you to invest in any real estate that you deem suitable, others will make you stick to the officially approved properties, as does Montenegro. And then there is the northern part of Montenegro, which is mostly undeveloped. The offer sure is tempting. Currently, about a dozen countries have implemented such a program. A passport of a future EU-member. Here is an overview of the metrics used in the analysis: As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Let’s be honest here. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. For example, over the last decade, investment from Russia came to about a third of Montenegro’s GDP. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. Gaining second citizenship has never been so easy, GCI did an excellent job! Your information is confidential. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of Europe’s Schengen Area, Russia, UAE, North Macedonia and Turkey. It has access to the glimmering Adriatic, some of the prettiest mountain landscapes in Europe (featuring ski resorts), historic walled towns, and is well on its way to becoming the next Croatia. With a 300 kilometer dramatic coastline and multiple pristine mountainous areas, it’s little wonder that Montenegro attracts over two million visitors per year. But that’s not all. The list of such properties is currently inaccessible on the official website of the program – perhaps the perfect metaphor of the new the program and how inexperienced the government and its officials are in running it. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments ⤅  Montenegro Citizenship by Investment FAQs. Montenegro has opened up the program for three years. Non-Commonwealth The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. Donate €100,000 to Montenegro’s government development fund. 13/08), the Government of Montenegro, on the conference on the 20th of May 2010 passed the decision that defined the criteria for determining the scientific, economic, business, cultural and sport interest of Montenegro for the acquisition of Montenegrin citizenship by admission. But if you don’t care about being in Europe, then the Caribbean programs – sometimes at a third of the cost – will make more sense. Fully pay for the investment and the government fees, and make the donation. It is located in the southeastern shoreline of the Balkan Peninsula. No language or history test. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. The corporate and personal tax rate is set at a low 9%. Go through a preliminary check with your agent. While the western world has been largely oblivious to the fact that Montenegro exists, Russians are active investors there. To qualify for the Montenegro Citizenship-by-Investment Program, the main applicant must be over 18 years of age, meet the application requirements, and make the qualifying contributions to the Government of Montenegro. Get your individual offer here. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. HQ & other location: The processing time takes around 6 months. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. The real attraction of Montenegro is its imminent membership in the EU. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. Montenegro is a very young country, which has interesting implications for interested investors. No further commitment is required. 7. Note, that there are also governmental fees to pay for your application processing and the amount will depend on your family setup: Then, the total outlay for a solo applicant making an investment in the cheaper north comes to €365,000. Montenegro will launch its own Citizenship by Investment Program in October 2018. That’s why they’ve overpriced their CBI program, hoping that people are willing to pay more on the assumption that they will be full-fledged European Union members rather soon. We expect Montenegro to do the same. The Montenegro Investment Agency has officially published list of approved development projects (mostly hotels in tourism areas) will eligible under special citizenship by investment of Montenegro. Usually, countries that offer citizenship by investment programs are remote islands. Minimum outlay €350,000; Processing time 3 months; Residency or travel requirements None; Freedom of movement 124 countries Investment Options 2 Overview The newest citizenship by investment programme on the CBI block, the Montenegro Special Citizenship by Investment Program (MSCIP) was launched in November 2019. . 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