Montenegro flirted with having a CBI program back in the mid-2000s. What matters is that they are financially dependent on you. Currently, about a dozen countries have implemented such a program. Money must be invested in real estate, business or science projects. Here is an overview of the metrics used in the analysis: Montenegro Citizenship by Investment. There are different types of costs in this point. We feel that Montenegro has struck a near-perfect balance here. 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. 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. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. We believe that if they stay on track and gain EU membership, Montenegro will eventually deal with its corruption and public debt issues, as other Eastern European countries have. In this article, we will break Montenegro’s CBI program down and discuss its nuances, so you can make an informed decision. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. Go through a preliminary check with your agent. Montenegro Citizenship by Investment . 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. 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". 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. 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. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. 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. But if you don’t care about being in Europe, then. The Montenegro citizenship by investment programme was launched in 2019. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. 85310 Budva, Montenegro Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. Citizenship by Investment Montenegro WHAT IS CITIZENSHIP BY INVESTMENT? . 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 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. E-Mail: Montenegro Citizenship by Investment - Montenegro - Cheapest Citizenship in Europe - Montenegro Second Citizenship - Montenegro Second Passport - Montenegro Citizenship Application, Montenegro: Expect First CIP Applications by End of 2019, Program “Fully in Place” by 2020, CITIZENSHIP PROGRAM MONTENEGRO - START IN AROUND JUN /JULY 2019, GCI Citizenship Investment There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. It can take anywhere from 3 to 6 months to obtain your passport. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. 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. Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Non-Commonwealth The absolute minimum that you need to invest is. They can often outbuy western investors because they buy more on impulse and less on numbers. Costs of Montenegro Citizenship by Investment Program. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. If we’ve got your attention with Montenegro’s CBI program as one of the most competitive in Europe, here’s how you can make it happen. Montenegro has everything from stunning beaches to forests to ski resorts. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: 1. MONTENEGRO CBI PROGRAMME. There are two routes to choose from to qualify for the program: 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. Finally, there’s also the sex appeal that Montenegro has: luxurious, Mediterranean, safe, and stable. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. You simply have to apply, make the investment, and obtain your passport. 5. They got a considerable amount of political flack over it and quickly shut the talks down. Regardless of whether you hope to explore the possibilities of opening up and expanding businesses - or to discover the benefits of visa-free travel or - which is most important - to secure your wealth for your descendants, our experts in this field have the enthusiasm and the highest quality information for acquiring adequate citizenship for you and your family. 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 … Your email address will not be published. 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 VAT is 19%. 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. Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. 2. As with all post-Soviet countries, Montenegro suffers from corruption. 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. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. This is one other advantage applying for Montenegro citizenship by investment program. Favorable tax environment. Montenegro is highly connected to Europe and all of its major hubs. We will send you an offer tailored to your needs. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. Spend just 5 days in Montenegro in a 5 year period to renew your passport. Years of debates and discussions followed. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. 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. Passport Rank. 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. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments 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. Is the program of this small Balkan country worthy of your money and your time? 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. First citizenship by investment case approved by Montenegro in just 3 months. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. You also won’t have to renounce any other citizenship. And that’s not to mention that about a third of all foreign companies in Montenegro are owned by Russian citizens too. Montenegrin citizens qualify for E-1 (treaty trader) and E-2 (treaty investor) visas to enter United States. These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. The currency is the euro. Viber: +678 535 7130 In other words, they don’t care about the price per meter if the feeling is right. 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™. MONTENEGRO CITIZENSHIP BY INVESTMENT. WhatsApp: +66 990 918 357 Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or … These are: Pay €100,000 to the Montenegrin government, which goes into their development fund, to support infrastructure in non-tourist areas of the country. 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. This is a great second passport to have.”. 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? Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. The World Bank has named Montenegro as one of the fastest growing economies in 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. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. How Does the Montenegro CBI Program Compare? Receive your passport; your citizenship is issued for life. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. 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. The satisfaction of working with can be confirmed by the experience of the numerous clients that we helped. The steps that you must take are the following: 1. 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. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. 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. But what we will say is this: Montenegro is an ideal location with pristine nature and a balmy climate. Corruption is ever-present. Montenegro is a very young country, which has interesting implications for interested investors. Temporarily put on … Processing time and costs will vary depending on a number of factors. HQ & other location: Get in touch with us now to understand how we can support you. A passport of a future EU-member. We’ve done this before. www.citizenship-program.com/montenegro ⤅ Montenegro’s Citizenship by Investment Program. Its GDP grew 4.9% in 2019 and it’s finally making western investors look its way. In order to get a better impression of Montenegro, we would like to show you some impressions of this wonderful country. WHY MONTENEGRO? The above timeline is an estimate provided for information purposes only based on experiences with past clients. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. Note: The Citizenship by Investment Program of Montenegro will only accept 2,000 applications in 3 years-period beginning January 1, 2019. Gather up all of the required documents and choose which real estate investment project you’d like to go for. However, given how pristine the nature of the north is, tourism has also picked up in this region. There is no shame in that. 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. Montenegro is a Balkan Country, located in the west-central Balkans, at the southern end of the Dinaric Alps. Well, it’s already appreciated 10%. Montenegro Citizenship by Investment Options. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. And if you want to invest in the capital of Podgorica instead, you will also need to invest the €450,000 amount. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. Here are the main pros of obtaining and holding on to your Montenegrin passport. 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. Montenegro Citizenship by Investment – an Attractive European Program. Malta and Cyprus will both set you back considerably more. Montenegro Hotel Investment | Citizenship by Investment. 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. 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. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. 1. No. Once Montenegro joins the EU, the passport rank will grow significantly. The soonest that will happen is in 2025. It’s also extremely easy to start a business. 2. 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. Turkey has since turned their program around, as it was a massive flop in the beginning. . Contact through WhatsApp as well, or write a Email. And for a fraction of the price. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. 3. 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. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. What does the citizenship through investment entail? The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. 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. Let’s be honest here. 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