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. The corporate and personal tax rate is set at a low 9%. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. Montenegro ranks only 67th out of 180 countries by Transparency International. Montenegro Citizenship by Investment . That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. All rights reserved. Go through a preliminary check with your agent. Third, the location and the quality of life of Montenegro is great. 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. WhatsApp: +66 990 918 357 Required fields are marked *. 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. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments Not only will they be able to travel there, but also settle, work and study in any European country. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. 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. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. The new economic citizenship scheme announcement for foreign investors happened on Oct 1, 2018. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. We’ve done this before. Years of debates and discussions followed. You simply have to apply, make the investment, and obtain your passport. 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. There are two routes to choose from to qualify for the program: Be a non-EU citizen. 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. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. The corporate and personal tax rate is set at a low 9%. 1. Attest the power of attorneys and the investment agreement. Finally, it launched on January 1st, 2019. 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. 4. "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. 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. Towns like Budva, Herceg Novi, and Tivat – the entire Bay of Kotor – is where the luxury-dripping villas and yachts filled with champagne are located. 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. Visa-free travel to 124 countries, including the … ENTRY CRITERIA €100,000 donation In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. 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. 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. Then, it’s passport holders will get visa-free access to all Schengen countries. And for a fraction of the price. This includes spouses, minor children, parents, and grandparents. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. Favorable tax environment. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. 4. 4, Budva  Montenegro has everything from stunning beaches to forests to ski resorts. So, it’s only a matter of time, unlike many of the Caribbean CBIs, where there is simply no scope for grandiose economic advances. 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. 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? Your email address will not be published. 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. Montenegro’s citizenship by investment program is one of the best value options for a second passport right now. Montenegro Hotel Investment | Citizenship by Investment. GCI has made a clear point in why I needed a second passport in Montenegro. Montenegro Citizenship by Investment. As with all post-Soviet countries, Montenegro suffers from corruption. These are mostly rural villages, away from the coastal and ski resorts of the country. In other words, you will be able to sell it after a holding period of five years. Your information is confidential. 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. Usually, countries that offer citizenship by investment programs are remote islands. However, from the few snippets available online, you can only invest in hotels and resorts. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. There are different types of costs in this point. There is a VAT of 19% charged in Montenegro, so you will want to invest the bare minimum so as not to add to your total bill too much. Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. . These are: 1. However, given how pristine the nature of the north is, tourism has also picked up in this region. That’s how long the due diligence and application processing takes. In this article, we would like to share with you why we think Montenegro Citizenship is a perfect investment option for you and why you should buy it. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. Rental returns of 3-4% are forecasted and the estimated completion date is December 2022. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. The sex appeal. ⤅  Montenegro Citizenship by Investment FAQs. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. 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. Applicants can apply by investing in one of several government approved real estate development projects. Montenegro might be small, but it’s got plenty to offer. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. No further commitment is required. Montenegro’s residence by investment. Focused on you - our Client. Purchase government-approved real estate worth, in southern Montenegro, and hold for 5 years, If the main applicant wants to bring dependent parents or grandparents, that will be an additional, Then, the total outlay for a solo applicant making an investment in the cheaper north comes to, A couple investing in the luxurious coastal area will have to shell out, Let’s talk about the donation first. No language tests, No business experience. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. All of your dependents can also be added to the application, including spouse, children under the age of 26, as well as your parents if they’re 65 years or older. 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. . Citizenship. If you’re already in the know, feel free to scroll down. Passport Rank. 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. 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. Thus, in every city, unforgettable parties are organized by young people from all over the world. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. 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. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. You simply have to apply, make the investment, and obtain your passport. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. Jovana is our lead R&D Associate at Nomad Capitalist. Montenegro launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. Let’s be honest here. No. 2. However, it’s still hindered by two things: widespread corruption and public debt. You also won’t have to renounce any other citizenship. “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. 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. Temporarily put on … If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. If we know anything about the Balkans, it is that things tend to move slowly here. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. The VAT is 19%. Montenegro is highly connected to Europe and all of its major hubs. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. In other words, they don’t care about the price per meter if the feeling is right. But we’d recommend you discuss your financial situation and long-term goals with the Nomad Capitalist team before taking the leap. Utilize Montenegro’s infrastructure to do business throughout Europe. 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. 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. Possess a valid passport or another foreign travel document. 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. Corruption is ever-present. No. Save my name, email, and website in this browser for the next time I comment. Access to the United States. No further commitment is required. Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. Contact through WhatsApp as well, or write a Email. The absolute minimum that you need to invest is €350,000. 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 The following investments qualify for immediate passport, under the Montenegro Citizenship by Investment … They got a considerable amount of political flack over it and quickly shut the talks down. So, to sweeten the pot, the Montenegrin government has decided to throw in a passport and secure those investments. 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. 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. 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. Get in touch with us now to understand how we can support you. Please let me know whether montenegro allows dual citizenship under this scheme. Turkey has since turned their program around, as it was a massive flop in the beginning. The offer sure is tempting. It’s definitely far above the competition in nearby Moldova and Bulgaria. But we’d recommend you discuss your financial situation and long-term goals with. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. You’re right, there are hidden fees and a few things to watch out for. MONTENEGRO CITIZENSHIP BY INVESTMENT. In a way, we think that Montenegro’s CBI program was set up for them. We will send you an offer tailored to your needs. 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. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. €250,000 Enquire now. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? 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. And for a fraction of the price. We now know Montenegro passports for investments issued after 6 months (90 days after citizenship approval). There is no doubt in our mind that with the growing numbers of tourists and foreign investment, the region will come to life. The VAT is 19%. This fabulous new ski development is going to consist of two hotels, seven apartment blocks and 28 luxury family villas. You won’t be able to access the UK or Ireland. 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. And then there is the northern part of Montenegro, which is mostly undeveloped. For example, If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend, . 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. It’s also extremely easy to. Considering that it’s come this far in just 15 years (Montenegro regained its independence in 2006), it really is an undiscovered destination for western investors in Europe. 2. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. 3. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. Is the program of this small Balkan country worthy of your money and your time? First citizenship by investment case approved by Montenegro in just 3 months. 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. 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. The application phase is already beginning. 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. Montenegro Citizenship by Investment . We expect Montenegro to do the same. 1. 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. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. A donation is not unusual when it comes to CBI programs and other jurisdictions. They can often outbuy western investors because they buy more on impulse and less on numbers. The process of obtaining another passport and citizenship by investing in the property of the host country is called citizenship through investments.These processes are faster than the old immigration processes and legally give the status of a citizen to the 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. 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. As with all post-Soviet countries, Montenegro suffers from corruption. Once Montenegro joins the EU, the passport rank will grow significantly. MONTENEGRO CITIZENSHIP BY INVESTMENT. [email protected] Invest €450,000 in the southern coastal region. It also has a cap at 2,000 applications, so if you’re interested, you better hurry up. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. Costs of Montenegro Citizenship by Investment Program. 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 town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. 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. These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. 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