Your email address will not be published. We now know Montenegro passports for investments issued after 6 months (90 days after citizenship approval). www.citizenship-program.com/montenegro Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. There are multiple ways to optimize your tax in Montenegro. The Montenegro citizenship by investment programme was launched in 2019. 4, Budva  E-2 Visa Eligible. Phones: It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. 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 Citizenship by Investment – an Attractive European Program. No further commitment is required. Plus, it has one of the highest public debt to GDP ratios in South Eastern Europe too, and rising. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. Effective January 2019 this program is available for up to 2,000 applicants from non-EU countries (with no restricted list of countries), for a limited period of 3 years. 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 you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. 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. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. 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. Viber: +678 535 7130 Receive your passport; your citizenship is issued for life. You also won’t have to renounce any other citizenship. If we were to write about only one city in Montenegro, the picture would be incomplete. The currency is the euro. . 7. Plus, Montenegro is well-connected to the rest of Europe. The property prices in Montenegro is lowest in Europe, makes it … Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. You could also try renting, which will bring an estimated 4-6% annual return. For example, If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend, . Jovana is our lead R&D Associate at Nomad Capitalist. Save my name, email, and website in this browser for the next time I comment. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. 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. Lake Skadar, Kolasin and Zabljak are all places where you can invest just €250,000 to obtain a Montenegrin passport. Utilize Montenegro’s infrastructure to do business throughout Europe. Montenegro Citizenship by Investment . We feel that Montenegro has struck a near-perfect balance here. The corporate and personal tax rate is set at a low 9%. 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. Required fields are marked *. 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 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 5. Third, the location and the quality of life of Montenegro is great. 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. Be a non-EU citizen. 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. Montenegro will launch its own Citizenship by Investment Program in October 2018. 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. 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. If you’re already in the know, feel free to scroll down. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. Travel to Montenegro to take a citizenship oath and provide your biometric data. 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. 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. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. They can often outbuy western investors because they buy more on impulse and less on numbers. It is a picturesque country with medieval villages, and a narrow strip of beaches along its Adriatic coastline. These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. 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. 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. This second citizenship made my travels in Montenegro, as well as other countries, much more manageable and easy. These are mostly rural villages, away from the coastal and ski resorts of the country. 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. 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. Malta and Cyprus will both set you back considerably more. 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. 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. Focused on you - our Client. 3. Montenegro has everything from stunning beaches to forests to ski resorts. Applicants can apply by investing in one of several government approved real estate development projects. 4. Montenegrin citizens qualify for E-1 (treaty trader) and E-2 (treaty investor) visas to enter United States. Currently, about a dozen countries have implemented such a program. 4. But if you don’t care about being in Europe, then. Get in touch with us now to understand how we can support you. 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 tasks you have completed with this citizenship by investment program is very important, thank you! The application phase is already beginning. MONTENEGRO CITIZENSHIP BY INVESTMENT. They got a considerable amount of political flack over it and quickly shut the talks down. Corruption is ever-present. There is no shame in that. FAST FACTS. ⤅ Montenegro’s Citizenship by Investment Program. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. You simply have to apply, make the investment, and obtain your passport. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. Gather up all of the required documents and choose which real estate investment project you’d like to go for. 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. 1. You simply have to apply, make the investment, and obtain your passport. Montenegro is not only recognizable for its exceptional natural beauty, but is also known for its exciting nightlife. 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. 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. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. Montenegro is a very young country, which has interesting implications for interested investors. Gaining second citizenship has never been so easy, GCI did an excellent job! 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? 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. Montenegro will launch its own Citizenship by Investment Program in October 2018. 3. Spend just 5 days in Montenegro in a 5 year period to renew your passport. ⤅ How Does the Montenegro CBI Program Compare? All rights reserved. 1. Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. . 85310 Budva, Montenegro It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. If we know anything about the Balkans, it is that things tend to move slowly here. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. "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. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? Plus, Montenegro is well-connected to the rest of Europe. The VAT is 19%. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. And then there is the northern part of Montenegro, which is mostly undeveloped. 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. Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. To qualify for residency or citizenship, applicants must fulfill one of the investment options below in addition to meeting the following criteria: 1. 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. Learn how your comment data is processed. A donation is not unusual when it comes to CBI programs and other jurisdictions. Montenegro is a candidate for EU membership and has lowest property prices. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. The soonest that will happen is in 2025. You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. [email protected] Montenegro flirted with having a CBI program back in the mid-2000s. 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. Option 2 – Southern Real Estate Investment. A couple investing in the luxurious coastal area will have to shell out €575,000. Montenegro is not a member of the EU yet, but it’s predicted to join by 2025. CBI scheme is limited to only 2000 investors. Let’s be honest here. 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. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. An additional government donation of €100,000 is required, … Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. We will send you an offer tailored to your needs. 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. How does the Montenegro Citizenship by Investment programme work? If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? Turkey has since turned their program around, as it was a massive flop in the beginning. Attest the power of attorneys and the investment agreement. 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. What matters is that they are financially dependent on you. Access to the United States. Fully pay for the investment and the government fees, and make the donation. 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