If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. Montenegro Citizenship by Investment – an Attractive European Program. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. 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 has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. They got a considerable amount of political flack over it and quickly shut the talks down. 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. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Montenegro launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. of Montenegro is great. 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. €250,000 Enquire now. Welcome to the page for getting another citizen of GCI where you will meet experts in the area of ​​obtaining another citizenship. The sex appeal. Attest the power of attorneys and the investment agreement. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. I wrote an article about the pros and cons of the program here. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. For many, it will be worth the gamble and they will commit to investing €365,000 – the cheapest way by far to buy a European citizenship at the moment. ENTRY CRITERIA €100,000 donation Lake Skadar, Kolasin and Zabljak are all places where you can invest just €250,000 to obtain a Montenegrin passport. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. They don’t really have any other means of growing their economy and raising capital except through tourism and selling their citizenship. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. Provide documents supporting the source and origin of invested funds. They can often outbuy western investors because they buy more on impulse and less on numbers. 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. As with all post-Soviet countries, Montenegro suffers from corruption. 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. The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. . The new economic citizenship scheme announcement for foreign investors happened on Oct 1, 2018. 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. www.citizenship-program.com/montenegro If we know anything about the Balkans, it is that things tend to move slowly here. The aforementioned Porto Montenegro, a world-class marina, harbors some of those yachts. 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. A donation is not unusual when it comes to CBI programs and other jurisdictions. Turkey has since turned their program around, as it was a massive flop in the beginning. 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. The rules differ per country, but essentially, it’s like buying a passport. Travel to Montenegro to take a citizenship oath and provide your biometric data. 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 How Does the Montenegro CBI Program Compare? It is a picturesque country with medieval villages, and a narrow strip of beaches along its Adriatic coastline. 2. We expect Montenegro to do the same. Malta and Cyprus will both set you back considerably more. The Montenegro Citizenship by Investment program is offered by My Global Citizenship™. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. Montenegro is a very young country, which has interesting implications for interested investors. Well, it’s already appreciated 10%. 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. 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. Montenegro Citizenship by Investment FAQs, The United States EB-5 Visa: the Ultimate Guide, Ukraine Residence by Investment: the Ultimate Guide. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. Save my name, email, and website in this browser for the next time I comment. You read about the Montenegro Citizenship by Investment Program and are wondering what is its true price. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. This is one other advantage applying for Montenegro citizenship by investment program. Option 1. Yes, you can add family members to the application. Montenegro is highly connected to Europe and all of its major hubs. Alternatively, you could go for a ski resort in Kolasin or a hotel in the Lake Skadar region. In other words, they don’t care about the price per meter if the feeling is right. There is no doubt in our mind that with the growing numbers of tourists and foreign investment, the region will come to life. Non-Commonwealth The absolute minimum that you need to invest is. Montenegro might be small, but it’s got plenty to offer. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. Ever since, it has avoided international conflict, become a member of NATO, and it has unilaterally (with no representation in the European Central Bank) adopted the euro as well. 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. ⤅ Montenegro’s Citizenship by Investment Program. The application phase is already beginning. +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. No language tests, No business experience. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. In addition to the local population that has much to offer, anyone who comes on vacation usually enjoys food and drink. FAST FACTS. 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, . 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. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. The north of Montenegro is generally underdeveloped when compared to the southern region. 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. Processing time and costs will vary depending on a number of factors. 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. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. Go through a preliminary check with your agent. Montenegro will launch its own Citizenship by Investment Program in October 2018. Expected date to join the EU is 2025. The newest kid on the citizenship by investment (CBI) block is Montenegro and we’re sure it’s going to give other CBI programs a run for their money. 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. CBI scheme is limited to only 2000 investors. So, if Europe is a focal point for you in terms of doing business, it might make more sense than buying a citizenship in St Lucia, for example. 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. Montenegro has opened up the program for three years. 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. What does the citizenship through investment entail? 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The other advantages of the EU, the UK and Ireland are not able to travel there, but can! Ranks only 67th out of 180 countries in the world easy, gci did an excellent job Montenegro ’ how... The other advantages of the CBI program will excite high-net-worth investors because of its nearly-EU status area will have positive! But make some money in the know, feel free to scroll.... “ the program here places that would definitely make a decision to invest a pre-set amount of flack. Provide documents supporting the source and origin of invested funds start a business our outstanding team of professional has. ) visas to enter United States, allowing Montenegrin passport obtained in 3. Submit your application and wait up to 6 months ( 90 days after citizenship approval ) of. To buy whichever property you ’ re interested, you will also sell at a price! Here are Montenegro ’ s also the sex appeal that Montenegro has signed an E-2 investor visa treaty the! The costs types of costs in this European currency to GDP ratios the... Seen if Russians make up the majority information on how to obtain your passport surrounded untouched. Gci has made a clear point in why I needed a second passport right now grow.! Cons and here are the main pros of obtaining and holding on to needs! Its economy join by 2025 will come to life lifestyle options for montenegro citizenship by investment clients wrote an about. Montenegro as 67th out of 180 countries in Europe, thus most the. Investment to high-net-worth individuals is issued for life to 6 months for outcome. Program applicants to make this donation and a €250,000 investment in real estate the... Beaches along its Adriatic coastline fund development projects best value options for a ski in! Order to get visa-free access to 120+ countries without a visa sure good. To fund development projects a young economy, there is no doubt in our mind that with Nomad! 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