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. 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 offer sure is tempting. The satisfaction of working with can be confirmed by the experience of the numerous clients that we helped. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. 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. How does the Montenegro Citizenship by Investment programme work? The corporate and personal tax rate is set at a low 9%. 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. Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? Phones: No residency requirement. 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. It’s also extremely easy to. It is a picturesque country with medieval villages, and a narrow strip of beaches along its Adriatic coastline. Jovana is our lead R&D Associate at Nomad Capitalist. CBI scheme is limited to only 2000 investors. 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. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. Here are the main pros of obtaining and holding on to your Montenegrin passport. Invest €250,000 in the mountainous northern region. MONTENEGRO CBI PROGRAMME. Government of Montenegro announced the launch of its citizenship by investment programme in summer 2018 as a second attempt to offer foreign nationals its passport in return for their contribution to the country’s development. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. 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. The aforementioned Porto Montenegro, a world-class marina, harbors some of those yachts. Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. Required fields are marked *. 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. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. A huge part of your decision to invest in a country should rely upon its economy. But if you don’t care about being in Europe, then. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. 3. If we were to write about only one city in Montenegro, the picture would be incomplete. The Montenegro citizenship by investment programme was launched in 2019. Money must be invested in real estate, business or science projects. The tasks you have completed with this citizenship by investment program is very important, thank you! Montenegro will launch its own Citizenship by Investment Program in October 2018. The absolute minimum that you need to invest is €350,000. 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. 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. 4. 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. And for a fraction of the price. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. The steps that you must take are the following: 1. A couple investing in the luxurious coastal area will have to shell out €575,000. 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. Here is an overview of the metrics used in the analysis: And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. 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 this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. 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. A donation is not unusual when it comes to CBI programs and other jurisdictions. Expected date to join the EU is 2025. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. 1. It also has a cap at 2,000 applications, so if you’re interested, you better hurry up. 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. 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. 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. 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. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. Plus, Montenegro is well-connected to the rest of Europe. Montenegro will launch its own Citizenship by Investment Program in October 2018. 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. You also won’t have to renounce any other citizenship. Real estate is overvalued. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. Corruption is ever-present. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. Trg Sunca br. First, the total investment required is one of the lowest in Europe. Years of debates and discussions followed. Attest the power of attorneys and the investment agreement. You won’t be able to access the UK or Ireland. The new economic citizenship scheme announcement for foreign investors happened on Oct 1, 2018. We expect Montenegro to do the same. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: 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. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. We feel that Montenegro has struck a near-perfect balance here. Once Montenegro joins the EU, the passport rank will grow significantly. Want to Enjoy Citizenship in Montenegro Like These Nomad Capitalists? In the recent “Best Citizenships rankings” for 2020, Montenegro was ranked 3rd best citizenship by investment program. There is no shame in that. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. . No CBI program in the world comes without its cons and here are Montenegro’s main pain points. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. . Investment Options for Montenegro Citizenship . The rules differ per country, but essentially, it’s like buying a passport. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. Montenegro Resort, Property, Aparthotel. I wrote an article about the pros and cons of the program here. As with every CBI program where the government runs a pre-approved list of real estate properties that you can invest in, real estate is overpriced. of Montenegro is great. 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. Costs of Montenegro Citizenship by Investment Program. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Montenegro Citizenship by Investment FAQs, The United States EB-5 Visa: the Ultimate Guide, Ukraine Residence by Investment: the Ultimate Guide. 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. They don’t really have any other means of growing their economy and raising capital except through tourism and selling their citizenship. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. 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. 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. Your email address will not be published. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. But we ’ ve included the euro under the list of pros obtaining... 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