You’re right, there are hidden fees and a few things to watch out for. Many websites say that it does not allow but you have stated that it allows. That’s how long the due diligence and application processing takes. FAST FACTS. The new economic citizenship scheme announcement for foreign investors happened on Oct 1, 2018. Provide documents supporting the source and origin of invested funds. No further commitment is required. 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. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. That’s because it regained its independence only in 2006 after it’s citizens cast a ballot to split up the, How Does the Montenegro CBI Program Compare, Usually, countries that offer citizenship by investment programs are, First, the total investment required is one of the, . MONTENEGRO CITIZENSHIP BY INVESTMENT. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. 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. No. The sex appeal. In a way, we think that Montenegro’s CBI program was set up for them. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. Montenegro’s residence by investment. 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. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. These are mostly rural villages, away from the coastal and ski resorts of the country. 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Montenegro Citizenship by Investment FAQs, The United States EB-5 Visa: the Ultimate Guide, Ukraine Residence by Investment: the Ultimate Guide. ⤅ Montenegro Citizenship by Investment FAQs. The aforementioned Porto Montenegro, a world-class marina, harbors some of those yachts. Montenegro flirted with having a CBI program back in the mid-2000s. Montenegro Citizenship by Investment. 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. 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. They got a considerable amount of political flack over it and quickly shut the talks down. Money must be invested in real estate, business or science projects. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. In exchange, and subject to a stringent vetting and due diligence process, including thorough … Please let me know whether it allows or not and if it allows what are the conditions on which it allows. The highly anticipated Montenegro Citizenship By Investment Program (Montenegro CBI) now affords third country nationals the opportunity to acquire a second passport in 3 months, with investments from only €250,000. This site uses Akismet to reduce spam. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. It’s a tiny slither of a country tucked away in Southeastern Europe and it’s definitely easy to miss. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. €250,000 Enquire now. You won’t be able to access the UK or Ireland. Montenegro Citizenship by Investment . Montenegro might be small, but it’s got plenty to offer. Gaining second citizenship has never been so easy, GCI did an excellent job! Citizenship. Not only will they be able to travel there, but also settle, work and study in any European country. Third, the location and the quality of life of Montenegro is great. Up until very recently, the world had no idea Montenegro existed. . All rights reserved. 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. However, from the few snippets available online, you can only invest in hotels and resorts. Malta and Cyprus will both set you back considerably more. CBI scheme is limited to only 2000 investors. Receive your passport; your citizenship is issued for life. 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. The south of Montenegro basically spans the entire coast of 300km. Go through a preliminary check with your agent. 5. 2. Get your individual offer here. That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. E-2 Visa Eligible. 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. 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. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? It can take anywhere from 3 to 6 months to obtain your passport. Montenegro Resort, Property, Aparthotel. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. 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. 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. 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. If you’re already in the know, feel free to scroll down. Montenegro launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. This is a great second passport to have.”. 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 launches its Citizenship by Investment Programme (CBIP) with the aim of encouraging and facilitating foreign direct investment. You could also try renting, which will bring an estimated 4-6% annual return. Contact through WhatsApp as well, or write a Email. The VAT is 19%. High public debt. Still unsure? Learn how your comment data is processed. For more information on how to obtain a residence permit in Montenegro, please contact us. Donate €100,000 to Montenegro’s government development fund. You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. And for a fraction of the price. Rental returns of 3-4% are forecasted and the estimated completion date is December 2022. In the recent “Best Citizenships rankings” for 2020, Montenegro was ranked 3rd best citizenship by investment program. You also won’t have to renounce any other citizenship. Processing time and costs will vary depending on a number of factors. We feel that Montenegro has struck a near-perfect balance here. 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. 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. Note: The Citizenship by Investment Program of Montenegro will only accept 2,000 applications in 3 years-period beginning January 1, 2019. 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. . We will send you an offer tailored to your needs. 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. Montenegro is a Balkan Country, located in the west-central Balkans, at the southern end of the Dinaric Alps. 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. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. Applicants can apply by investing in one of several government approved real estate development projects. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. 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. A candidate may apply with his family and in rare cases grandparents or dependent elderly parents. There are two routes to choose from to qualify for the program: E-Mail: Your email address will not be published. This second citizenship made my travels in Montenegro, as well as other countries, much more manageable and easy. 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. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. Russians are already looking for investments in the country. 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. So, if Europe is a focal point for you in terms of doing business, it might make more sense than buying a citizenship in, 2. 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