. But that’s not all. The difference from other CBI programs is that Montenegro’s has an expiration date – 31st of December 2021. Real estate is quite liquid in both of these places, so it shouldn’t be a problem to sell and even make a profit. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. 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. This includes spouses, minor children, parents, and grandparents. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. In other words, you will be able to sell it after a holding period of five years. The currency is the euro. 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. 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. A couple investing in the luxurious coastal area will have to shell out €575,000. The south of Montenegro basically spans the entire coast of 300km. 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. Meanwhile, if you want to lower your investment, you can make a purchase worth at least €250,000 in the northern part of the country. 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. It can take anywhere from 3 to 6 months to obtain your passport. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Montenegro will launch its own Citizenship by Investment Program in October 2018. 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. (GCI Unit Montenegro) Alternatively, you could go for a ski resort in Kolasin or a hotel in the Lake Skadar region. They got a considerable amount of political flack over it and quickly shut the talks down. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. And that’s not to mention that about a third of all foreign companies in Montenegro are owned by Russian citizens too. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. 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. Still unsure? However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. A candidate may apply with his family and in rare cases grandparents or dependent elderly parents. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. 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. The absolute minimum that you need to invest is €350,000. 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 processing time takes around 6 months. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. Montenegro Resort, Property, Aparthotel. 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. 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. 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. Montenegro ranks only 67th out of 180 countries by Transparency International. The Montenegro citizenship by investment programme was launched in 2019. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. How Does the Montenegro CBI Program Compare? Travel to Montenegro to take a citizenship oath and provide your biometric data. Real estate is overvalued. Viber: +678 535 7130 Possess a valid passport or another foreign travel document. In other words, you will be able to sell it after a holding period of, Hopefully, you will also sell at a higher price and offset some of the, The south of Montenegro basically spans the entire coast of 300km. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. Many websites say that it does not allow but you have stated that it allows. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. Is the program of this small Balkan country worthy of your money and your time? After all, you’re not just looking to gain a passport but make some money in the process too. I wrote an article about the pros and cons of the program here. 250 000 EUR investment in land in an undeveloped territory in the north of the country. However, given how pristine the nature of the north is, tourism has also picked up in this region. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Montenegro is a Balkan Country, located in the west-central Balkans, at the southern end of the Dinaric Alps. To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: 1. And for a fraction of the price. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. . It’s definitely far above the competition in nearby Moldova and Bulgaria. -. Costs of Montenegro Citizenship by Investment Program. What matters is that they are financially dependent on you. Montenegro’s Citizenship by Investment Program. 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. It’s also extremely easy to. We now know Montenegro passports for investments issued after 6 months (90 days after citizenship approval). But if you don’t care about being in Europe, then the Caribbean programs – sometimes at a third of the cost – will make more sense. 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. No. They can often outbuy western investors because they buy more on impulse and less on numbers. Plus, Montenegro is well-connected to the rest of Europe. Welcome to the page for getting another citizen of GCI where you will meet experts in the area of ​​obtaining another citizenship. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. Montenegro will launch its own Citizenship by Investment Program in October 2018. No further commitment is required. For more information on how to obtain a residence permit in Montenegro, please contact us. How does the Montenegro Citizenship by Investment programme work? 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 citizenship by investment scheme is quite popular among EU citizens as it does not require them to live here before or after being granted a Montenegro passport. Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. There are so many interesting infrastructure and industrial projects to get involved in.”, “The Nomad Capitalist team has helped me obtain a Montenegrin passport, advising me to invest in a coastal property. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. Up until very recently, the world had no idea Montenegro existed. Investment Options for Montenegro Citizenship . With a 300 kilometer dramatic coastline and multiple pristine mountainous areas, it’s little wonder that Montenegro attracts over two million visitors per year. Corruption is ever-present. Contact through WhatsApp as well, or write a Email. For example, Antigua and Barbuda will ask for the same, only the amounts will differ. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. They got a considerable amount of political flack over it and quickly shut the talks down. It is a picturesque country with medieval villages, and a narrow strip of beaches along its Adriatic coastline. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Option 1. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. 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. This is one other advantage applying for Montenegro citizenship by investment program. 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. 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. There is no doubt in our mind that with the growing numbers of tourists and foreign investment, the region will come to life. 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. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. Applicants can apply by investing in one of several government approved real estate development projects. Finally, it launched on January 1st, 2019. You also won’t have to renounce any other citizenship. Montenegro Citizenship by 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. Like other well-meaning governments, Montenegro has launched its citizenship by investment program to attract foreign capital and give its citizens a better life through increased development and economic activity. Spend just 5 days in Montenegro in a 5 year period to renew your passport. Your information is confidential. 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. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. 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. Russians are already looking for investments in the country. 3. Here is an overview of the metrics used in the analysis: This is a great second passport to have.”. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at. The property prices in Montenegro is lowest in Europe, makes it … A donation is not unusual when it comes to CBI programs and other jurisdictions. Want to Enjoy Citizenship in Montenegro Like These Nomad Capitalists? As with all post-Soviet countries, Montenegro suffers from corruption. 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. T he Montenegro citizenship by investment application process is extremely efficient, and the government of Montenegro is committed to the highest standard of due diligence and vetting of investor applicants ensuring only persons of impeccable standing and repute will be admitted. Energy and agriculture sectors play a significant role in Montenegro’s economy, but it is tourism that accounts for nearly a third of the country’s GDP. The real attraction of Montenegro is its imminent membership in the EU. Jovana is our lead R&D Associate at Nomad Capitalist. Second, passport quality. Unfortunately, the UK and Ireland are not part of the Schengen zone, so you are not able to travel visa-free. These are mostly rural villages, away from the coastal and ski resorts of the country. Connectivity with Europe. 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. An additional government donation of €100,000 is required, … In a way, we think that Montenegro’s CBI program was set up for them. Go through a preliminary check with your agent. KEY FACTS. This site uses Akismet to reduce spam. +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. 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. 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. Phones: Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. Receive your passport; your citizenship is issued for life. Montenegro Citizenship by Investment Options. The Montenegrin CBI program was opened in 2019 and will run to the end of 2021. If we know anything about the Balkans, it is that things tend to move slowly here. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. investment in real estate in the norther regions of the country. Required fields are marked *. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. Montenegro launched its Citizenship by Investment Program in 2019, offering a less expensive citizen option than other European countries. 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. If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? Citizenship. Then, it’s passport holders will get visa-free access to all Schengen countries. Montenegro is a very young country, which has interesting implications for interested investors. Currently, about, Invest or set up companies and employ locals, Donate to development funds (in some jurisdictions), For example, Montenegro would never get away with selling their passport for a couple of million euros like, Up until very recently, the world had no idea Montenegro existed. There is no shame in that. If we know anything about the Balkans, it is that things tend to move slowly here. Donations in Government funds in the amount of 100 000 EUR. In this article, we will break Montenegro’s CBI program down and discuss its nuances, so you can make an informed decision. If you’re a western investor who wants a winter or a summer home, Montenegro’s is not a bad passport to have. 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. WHY MONTENEGRO? Utilize Montenegro’s infrastructure to do business throughout Europe. In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. 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. MONTENEGRO CITIZENSHIP BY INVESTMENT. Minimum outlay €350,000; Processing time 3 months; Residency or travel requirements None; Freedom of movement 124 countries Investment Options 2 Overview The newest citizenship by investment programme on the CBI block, the Montenegro Special Citizenship by Investment Program (MSCIP) was launched in November 2019. . ENTRY CRITERIA €100,000 donation Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. WhatsApp: +66 990 918 357 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. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. There are two routes to choose from to qualify for the program: Rather, the costs depend on the type of investment you prefer. 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. Malta and Cyprus will both set you back considerably more. 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. [email protected] The north of Montenegro is generally underdeveloped when compared to the southern region. CBI scheme is limited to only 2000 investors. 1. Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or … In exchange, and subject to a stringent vetting and due diligence process, including thorough … Once Montenegro joins the EU, the passport rank will grow significantly. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. 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. of Montenegro is great. Montenegro Hotel Investment | Citizenship by Investment. Montenegro launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. 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? 4. Note: The Citizenship by Investment Program of Montenegro will only accept 2,000 applications in 3 years-period beginning January 1, 2019. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. ⤅ Montenegro’s Citizenship by Investment Program. 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. Visit 120+ countries, including the UAE, Macedonia, and Russia. The VAT is 19%. Yes, you can add family members to the application. Most CBI programs out there require you to make one contribution to the country, be it a donation, an investment in real estate, or setting up a local company. 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. ©   GCI - Global Citizenship Investment. Temporarily put on … And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? A huge part of your decision to invest in a country should rely upon its economy. Montenegro flirted with having a CBI program back in the mid-2000s. The corporate and personal tax rate is set at a low 9%. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. 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. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. You’re right, there are hidden fees and a few things to watch out for. Citizenship by Investment Montenegro WHAT IS CITIZENSHIP BY INVESTMENT? Go through a preliminary check with your agent. 1. They don’t really have any other means of growing their economy and raising capital except through tourism and selling their citizenship. So, if you do business in China, a Montenegrin passport could be a good addition to your. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. 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. The steps that you must take are the following: 1. 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. Option 2 – Southern Real Estate Investment. You simply have to apply, make the investment, and obtain your passport. MONTENEGRO CITIZENSHIP BY INVESTMENT. Montenegro Citizenship by Investment – an Attractive European Program. For example, over the last decade, investment from Russia came to about a third of Montenegro’s GDP. Call us: +66 99091 8357 Your email address will not be published. Thus, in every city, unforgettable parties are organized by young people from all over the world. 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