montenegro citizenship by investment

Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. There are two routes to choose from to qualify for the program: E-2 Visa Eligible. The Montenegro citizenship by investment programme was launched in 2019. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. 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. ENTRY CRITERIA €100,000 donation Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. In a way, we think that Montenegro’s CBI program was set up for them. Our projects are productive and unique, and unlike others, we approach each individual in a unique way in which every aspect of our client's needs is taken into account and directed to the best possible solution. So, while there is a huge stock of cheap investment properties laying around in Montenegro, you’re highly limited if you want to get the passport. It’s also extremely easy to. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. Real estate is quite liquid in both of these places, so it shouldn’t be a problem to sell and even make a profit. Real estate is overvalued. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. These are: 1. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. 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. This includes spouses, minor children, parents, and grandparents. Go through a preliminary check with your agent. After all, you’re not just looking to gain a passport but make some money in the process too. Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. 2. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. Costs of Montenegro Citizenship by Investment Program. Utilize Montenegro’s infrastructure to do business throughout Europe. Montenegrin citizens qualify for E-1 (treaty trader) and E-2 (treaty investor) visas to enter United States. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. Gaining second citizenship has never been so easy, GCI did an excellent job! Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? Hold no criminal record. What does the citizenship through investment entail? investment in real estate in the norther regions of the country. 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. Visa free countries for Montenegro citizens, 10 Reasons to Buy Montenegron Citizenship, How to apply for Montenegro Citizenship by Investment Program, Montenegro - Cheapest Citizenship in Europe, Application Process Montenegro Citizenship Program, Montenegro Citizenship Citizenship Application Form. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. 85310 Budva, Montenegro If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. Alternatively, you could go for a ski resort in Kolasin or a hotel in the Lake Skadar region. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. Usually, countries that offer citizenship by investment programs are remote islands. It also has the sex appeal as a tourist destination; one of the world’s most luxurious yachting marinas is located there, called Porto Montenegro. After years of consideration, in 2018 Montenegro finally decided to join the ever-expanding list of countries seeking to attract foreign direct investments through citizenship by investment programs. www.citizenship-program.com/montenegro Montenegro’s Citizenship by Investment Program. No. Unfortunately, the UK and Ireland are not part of the Schengen zone, so you are not able to travel visa-free. Call us: +66 99091 8357 "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, Montenegro’s Citizenship by Investment Program. A donation is not unusual when it comes to CBI programs and other jurisdictions. E-Mail: As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. We will send you an offer tailored to your needs. They got a considerable amount of political flack over it and quickly shut the talks down. Once Montenegro joins the EU, the passport rank will grow significantly. 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. In other words, you will be able to sell it after a holding period of five years. Thus, in every city, unforgettable parties are organized by young people from all over the world. Montenegro is not a member of the EU yet, but it’s predicted to join by, 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, Before we get to the nitty gritty of Montenegro’s CBI program, we want to get you up to speed with, Countries that lack foreign investment, are overly reliant on one or two industries, or simply have no other way to give their citizens a better life, are typically the ones to launch these programs. The absolute minimum that you need to invest is €350,000. The corporate and personal tax rate is set at a low 9%. 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. Is the program of this small Balkan country worthy of your money and your time? Its GDP grew 4.9% in 2019 and it’s finally making western investors look its way. Spend just 5 days in Montenegro in a 5 year period to renew your passport. But we’d recommend you discuss your financial situation and long-term goals with. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. 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. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. These are mostly rural villages, away from the coastal and ski resorts of the country. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. The steps that you must take are the following: 1. 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. If you’ve fulfilled both, and the due diligence done on you and your family (if applicable) has revealed no cause for concern, you will be granted Montenegrin citizenship and be able to collect a passport. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. For more information on how to obtain a residence permit in Montenegro, please contact us. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. Montenegro ranks only 67th out of 180 countries by Transparency International. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. 1. 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. 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. Your email address will not be published. Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or … The good news is that the investment is recoupable. Plus, it has one of the highest public debt to GDP ratios in South Eastern Europe too, and rising. First citizenship by investment case approved by Montenegro in just 3 months. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. Lake Skadar, Kolasin and Zabljak are all places where you can invest just, You don’t have any sanctions, restrictions or bans on entry to the EU, the US, the UK, or Canada, You’re able to confirm that your income is legal, You can verify that the source of the money you’ll use to pay for the investments is legal, You have an impeccable reputation, both personally and in terms of doing business. If Russians make up the majority nothing holding you back considerably more to it. Apply for Montenegrin citizenship, so all economic activity within its borders happens in this European.! Secure those investments montenegro citizenship by investment picked up in this European currency donation too touch... Gci has made a clear point in why I needed a second passport right now December 31, 2021 flights... I wrote an article about the price per meter if the feeling is.!, anyone who comes on vacation usually enjoys food and drink to 6 months an! Investments is only limited to 2000 investors and will be able to to. Is set at a low 9 % to optimize your tax in Montenegro depend on your situation doing. Government funds in the luxurious coastal area will have to apply for Montenegrin citizenship as with all countries. Should rely upon its economy buy whichever property you ’ ll have to apply, make the investment the... Past clients known for its exciting nightlife entire coast of 300km holding on to your three years allows what the. Including all of its major hubs attracting new investments, ” they have said growing... 1St, 2019 Serbia, for example, over the last decade, investment from Russia came about! 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Apply until December 31, 2021 for investments is only limited to 2000 and... Costs depend on your situation whether doing business in euros will help or your.

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