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?”. 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 . 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. Towns like Budva, Herceg Novi, and Tivat – the entire Bay of Kotor – is where the, And if you want to invest in the capital of Podgorica instead, you will also need to invest the, However, given how pristine the nature of the north is, tourism has also picked up in this region. Third, the location and the quality of life of Montenegro is great. It also has a cap at 2,000 applications, so if you’re interested, you better hurry up. [email protected] Visa-free travel to 124 countries, including the … Malta and Cyprus will both set you back considerably more. Montenegro launched its Citizenship by Investment Program in 2019, offering a less expensive citizen option than other European countries. 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. 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. It’s definitely far above the competition in nearby Moldova and Bulgaria. 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. 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. 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. We feel that Montenegro has struck a near-perfect balance here. Invest €250,000 in the mountainous northern region. Montenegro Citizenship by Investment Options. 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. We expect Montenegro to do the same. Montenegro Resort, Property, Aparthotel. The minimum investment of €350,000 makes Montenegro the cheapest CBI in Europe. E-2 Visa Eligible. Montenegro is highly connected to Europe and all of its major hubs. Gaining second citizenship has never been so easy, GCI did an excellent job! 1. And for a fraction of the price. A donation is not unusual when it comes to CBI programs and other jurisdictions. E-Mail: The sex appeal. 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 also won’t have to renounce any other citizenship. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. of Montenegro is great. 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. Finally, it launched on January 1st, 2019. Visit 120+ countries, including the UAE, Macedonia, and Russia. 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. In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. 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. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. A candidate may apply with his family and in rare cases grandparents or dependent elderly parents. First citizenship by investment case approved by Montenegro in just 3 months. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. They got a considerable amount of political flack over it and quickly shut the talks down. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. There are multiple ways to optimize your tax in Montenegro. 4. The corporate and personal tax rate is set at a low 9%. Montenegro has everything from stunning beaches to forests to ski resorts. We will send you an offer tailored to your needs. 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. 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. The above timeline is an estimate provided for information purposes only based on experiences with past clients. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. ⤅  Montenegro Citizenship by Investment FAQs. In the recent “Best Citizenships rankings” for 2020, Montenegro was ranked 3rd best citizenship by investment program. In order to get a better impression of Montenegro, we would like to show you some impressions of this wonderful country. We’ve done this before. Montenegro Citizenship Costs. Montenegro has opened up the program for three years. They don’t really have any other means of growing their economy and raising capital except through tourism and selling their citizenship. 3. Still unsure? A citizenship by investment program is an instrument that a national government of any country in the world can utilize to raise capital and help their economy develop. Utilize Montenegro’s infrastructure to do business throughout Europe. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. There are different types of costs in this point. Donations in Government funds in the amount of 100 000 EUR. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. No further commitment is required. Focused on you - our Client. The following investments qualify for immediate passport, under the Montenegro Citizenship by Investment … Here are the main pros of obtaining and holding on to your Montenegrin passport. The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. . Note: The Citizenship by Investment Program of Montenegro will only accept 2,000 applications in 3 years-period beginning January 1, 2019. A donation is not unusual when it comes to CBI programs and other jurisdictions. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. How does the Montenegro Citizenship by Investment programme work? You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. And for a fraction of the price. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. Let’s talk about the donation first. No further commitment is required. Expected date to join the EU is 2025. 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. 1. So, if you do business in China, a Montenegrin passport could be a good addition to your. In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. Attest the power of attorneys and the investment agreement. It’s also extremely easy to start a business. 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. 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. These are: 1. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. Investment Options for Montenegro Citizenship . Citizenship by Investment Montenegro WHAT IS CITIZENSHIP BY INVESTMENT? High public debt. And that’s not to mention that about a third of all foreign companies in Montenegro are owned by Russian citizens too. Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. 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. 15 000 EUR for single Government Application fee plus each member 10 000 EUR up to 4 members, each member more is an additional 50 000 EUR. Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? While the western world has been largely oblivious to the fact that Montenegro exists, Russians are active investors there. The south of Montenegro basically spans the entire coast of 300km. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. Required fields are marked *. Real estate is overvalued. 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. The soonest that will happen is in 2025. Second, passport quality. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments Plus, Montenegro is well-connected to the rest of Europe. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. Money must be invested in real estate, business or science projects. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. Invest €450,000 in the southern coastal region. 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. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. A huge part of your decision to invest in a country should rely upon its economy. In other words, they don’t care about the price per meter if the feeling is right. And then there is the northern part of Montenegro, which is mostly undeveloped. 85310 Budva, Montenegro Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. Currently, about a dozen countries have implemented such a program. Have you always wanted a European citizenship, but don’t want to shell out a million or two to get citizenship in Malta or Cyprus? It is located in the southeastern shoreline of the Balkan Peninsula. They can often outbuy western investors because they buy more on impulse and less on numbers. 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. A couple investing in the luxurious coastal area will have to shell out €575,000. 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. However, from the few snippets available online, you can only invest in hotels and resorts. The steps that you must take are the following: 1. ©   GCI - Global Citizenship Investment. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. Rental returns of 3-4% are forecasted and the estimated completion date is December 2022. First, the total investment required is one of the lowest in Europe. €250,000 Enquire now. 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, . Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. The north of Montenegro is generally underdeveloped when compared to the southern region. Costs of Montenegro Citizenship by Investment Program. Montenegro ranks only 67th out of 180 countries by Transparency International. The VAT is 19%. That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. No language tests, No business experience. (GCI Unit Montenegro) 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. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. This site uses Akismet to reduce spam. 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. Montenegro is highly connected to Europe and all of its major hubs. Go through a preliminary check with your agent. MONTENEGRO CITIZENSHIP BY INVESTMENT. We can help. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. Not only will they be able to travel there, but also settle, work and study in any European country. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. Then, it’s passport holders will get visa-free access to all Schengen countries. ⤅ How Does the Montenegro CBI Program Compare? How Does the Montenegro CBI Program Compare? The corporate and personal tax rate is set at a low 9%. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. The currency is the euro. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. Jovana is our lead R&D Associate at Nomad Capitalist. Let’s be honest here. 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. If you’re already in the know, feel free to scroll down. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. 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. 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. Be a non-EU citizen. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. And if you want to invest in the capital of Podgorica instead, you will also need to invest the €450,000 amount. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. At some point, you’ll have to bite the bullet to reap the rewards. If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. Our clients after all, you will be conducted just €250,000 to obtain residence. Of attorneys and the quality of life of Montenegro, we do n't provide personalized advice referrals. Would definitely make a decision to apply for Montenegrin citizenship, but in a sense, is! Allowing Montenegrin passport could be a problem 3 to montenegro citizenship by investment months to obtain Montenegrin... The States ( 90 days after citizenship approval ), which will able... 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