Your email address will not be published. Trg Sunca br. But what we will say is this: Montenegro is an ideal location with pristine nature and a balmy climate. We feel that Montenegro has struck a near-perfect balance here. MONTENEGRO CBI PROGRAMME. Connectivity with Europe. Invest €250,000 in the mountainous northern region. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at €100,000. Montenegro Resort, Property, Aparthotel. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. The processing time takes around 6 months. The soonest that will happen is in 2025. Before we get to the nitty gritty of Montenegro’s CBI program, we want to get you up to speed with what a CBI program is exactly. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. What matters is that they are financially dependent on you. “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. Montenegro is highly connected to Europe and all of its major hubs. Learn how your comment data is processed. If you’re already in the know, feel free to scroll down. And if you’re interested in doing business there, the strategic location, sea access, and pristine nature make Montenegro a great choice for a variety of industries. Is the program of this small Balkan country worthy of your money and your time? However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. There is no doubt in our mind that with the growing numbers of tourists and foreign investment, the region will come to life. You will be expected to do one or more of the following: The investment amount is determined by the government, but it is also influenced by what benefits the country has to offer. It is located in the southeastern shoreline of the Balkan Peninsula. That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. Go through a preliminary check with your agent. At some point, you’ll have to bite the bullet to reap the rewards. Montenegro’s Citizenship by Investment Program. Montenegrin citizens qualify for E-1 (treaty trader) and E-2 (treaty investor) visas to enter United States. Montenegro’s residence by investment. Prices start from €250,000 Investors looking to apply for Montenegro Citizenship must also make a contribution of €100,000 in the form of a government fund donation, in addition to the real estate investment. The Montenegro Citizenship-by-Investment Program was launched by the Government of Montenegro as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. If we know anything about the Balkans, it is that things tend to move slowly here. Not only will they be able to travel there, but also settle, work and study in any European country. To diminish the reliance on tourism, the government has realized that it pays to be foreign capital friendly and has tried to steer a direct course for political and economic stability. Passport Rank. The minimum investment of €350,000 makes Montenegro the cheapest CBI in Europe. In recent years, more and more high-net-worth individuals have taken the plunge to obtain citizenship by investment and we expect to see the trend continue to grow. The absolute minimum that you need to invest is. Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? Can you afford to take a gamble and buy a European citizenship for cheap to get the full benefits of living and working anywhere in the EU in five years time? Focused on you - our Client. FAST FACTS. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. send me(single) a comlete computation for montenegro in the northern part(kolasin) and include your service fee/professional fee and all the requirements needed. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or … You’re right, there are hidden fees and a few things to watch out for. Montenegro is a candidate for EU membership and has lowest property prices. Please let me know whether montenegro allows dual citizenship under this scheme. And for a fraction of the price. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. You won’t be able to access the UK or Ireland. A donation is not unusual when it comes to CBI programs and other jurisdictions. For example, over the last decade, investment from Russia came to about a third of Montenegro’s GDP. 5. 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. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. Meanwhile, if you want to lower your investment, you can make a purchase worth at least, The good news is that the investment is recoupable. Option 1 – Northern Real Estate Investment. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. Phones: However, given how pristine the nature of the north is, tourism has also picked up in this region. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. 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. Invest €450,000 in the southern coastal region. 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. 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. 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. Go through a preliminary check with your agent. . 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. Heavily reliant upon tourism, thanks to its natural beauty, the country doesn’t have much other choice but to capitalize on its European location and quality of life. Have you always wanted a European citizenship, but don’t want to shell out a million or two to get citizenship in Malta or Cyprus? 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. These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. I wrote an article about the pros and cons of the program here. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. It’s definitely far above the competition in nearby Moldova and Bulgaria. However, this is one of the friendliest countries in Europe, thus most of the applicants decide to move here with family members. The Special Investment Program applications will be accepted at the beginning of 2019. 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. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? Please let me know whether it allows or not and if it allows what are the conditions on which it allows. We’ve done this before. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at. 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. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. 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. Towns like Budva, Herceg Novi, and Tivat – the entire Bay of Kotor – is where the, And if you want to invest in the capital of Podgorica instead, you will also need to invest the, However, given how pristine the nature of the north is, tourism has also picked up in this region. On 3 October, 2019, the government of Montenegro announced that it was receiving applications for its citizenship-for-investment programme that will last until 2022. But we’d recommend you discuss your financial situation and long-term goals with the Nomad Capitalist team before taking the leap. 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. So, if you do business in China, a Montenegrin passport could be a good addition to your. However, it’s still hindered by two things: widespread corruption and public debt. No language tests, No business experience. The Montenegrin CBI program was opened in 2019 and will run to the end of 2021. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. In the recent “Best Citizenships rankings” for 2020, Montenegro was ranked 3rd best citizenship by investment program. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. Starting in January 2019, the Montenegrin government launched a citizenship-by-investment program (CIP). It also has a cap at 2,000 applications, so if you’re interested, you better hurry up. Gather up all of the required documents and choose which real estate investment project you’d like to go for. They got a considerable amount of political flack over it and quickly shut the talks down. In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. Get in touch with us now to understand how we can support you. Still unsure? Sure, there can be no guarantees, but it’s a country that’s safe and stable, a member of NATO (highly beneficial for a small country) and is already using the euro, so the chances are high. Attest the power of attorneys and the investment agreement. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. No language or history test. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. 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. Processing time and costs will vary depending on a number of factors. The south of Montenegro basically spans the entire coast of 300km. 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. Here are the main pros of obtaining and holding on to your Montenegrin passport. We are dealing with the whole process, provide consultations and spend time with our dear clients in finding the best solution for obtaining another citizenship. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, New Government Restrictions Only 2020 Made Possible, The 6 Best Places to Live in Montenegro for Expats, How to Obtain French Citizenship By Descent. The following investments qualify for immediate passport, under the Montenegro Citizenship by Investment … For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. Montenegro Citizenship by Investment . Montenegro Citizenship by Investment . Let’s be honest here. The steps that you must take are the following: 1. 4, Budva But if you don’t care about being in Europe, then. ⤅ How Does the Montenegro CBI Program Compare? 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. ENTRY CRITERIA €100,000 donation Possess a valid passport or another foreign travel document. Currently, about a dozen countries have implemented such a program. 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. 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