In a way, we think that Montenegro’s CBI program was set up for them. 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. I wrote an article about the pros and cons of the program here. For example, If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend, . One of the most anticipated Citizenship by Investment programs in Europe, bringing global mobility, increased security and quality of life for foreign investors and their families, with a minimum capital requirement of €350,000. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. In exchange, and subject to a stringent vetting and due diligence process, including thorough … First citizenship by investment case approved by Montenegro in just 3 months. But if you don’t care about being in Europe, then. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. But more so than to the government, a CBI program has to be designed and priced just right to make sense for a western high-net-worth individual to engage with. The steps that you must take are the following: 1. 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. Montenegro Citizenship by Investment Options: The investor and family has to make a significant economic contribution to the country (donation plus real estate investment as listed above) and can immediately obtain their passports once their application is approved and the documents are valid for an initial period of five years with the possibility to renew … Based on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN”, no. 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 extraordinary investment opportunities. Contact through WhatsApp as well, or write a Email. The idea is to jumpstart foreign direct investment (FDI), especially in the undeveloped north, by offering citizenship to those who meet a few criteria. Fully pay for the investment and the government fees, and make the donation. Alternatively, you could go for a ski resort in Kolasin or a hotel in the Lake Skadar region. The offer sure is tempting. Be a non-EU citizen. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. Montenegro launched its Citizenship by Investment Program in 2019, offering a less expensive citizen option than other European countries. Rental returns of 3-4% are forecasted and the estimated completion date is December 2022. 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. No. In order to get a better impression of Montenegro, we would like to show you some impressions of this wonderful country. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. Fast settlement in Europe with a Montenegrin passport obtained in just 3 months. The application phase is already beginning. 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. What matters is that they are financially dependent on you. What does the citizenship through investment entail? You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. 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. . The rules differ per country, but essentially, it’s like buying a passport. Phones: Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. Our outstanding team of professional consultants has been carefully selected and works towards our company ethos: In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. 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 If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. Processing time and costs will vary depending on a number of factors. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. No residency requirement. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. Donations in Government funds in the amount of 100 000 EUR. The government took a step to attract direct foreign investment and launched the Montenegro Citizenship by Investment Program. While the western world has been largely oblivious to the fact that Montenegro exists, Russians are active investors there. Investment Options for Montenegro Citizenship . 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. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. 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. (GCI Unit Montenegro) 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. And if you want to invest in the capital of Podgorica instead, you will also need to invest the €450,000 amount. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. Global Office Locations. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. 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. In other words, you will be able to sell it after a holding period of five years. ⤅ Montenegro’s Citizenship by Investment Program. 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. Here are the main pros of obtaining and holding on to your Montenegrin passport. Montenegro Citizenship by Investment – an Attractive European Program. So, it’s only a matter of time, unlike many of the Caribbean CBIs, where there is simply no scope for grandiose economic advances. Montenegro is highly connected to Europe and all of its major hubs. Investment from € 350 thousand A non-refundable contribution to the specially created state fund of Montenegro, the funds from which will be directed to the development of local government structures in accordance with the Law of Montenegro "On Regional Development". Invest €450,000 in the southern coastal region. Montenegro Citizenship by Investment. There are different types of costs in this point. 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. The minimum investment of €350,000 makes Montenegro the cheapest CBI in Europe. The tasks you have completed with this citizenship by investment program is very important, thank you! Corruption is ever-present. 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. Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. Learn how your comment data is processed. There is no shame in that. It’s also extremely easy to start a business. Montenegro will launch its own Citizenship by Investment Program in October 2018. Applicants can apply by investing in one of several government approved real estate development projects. 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? Montenegro will launch its own Citizenship by Investment Program in October 2018. Gaining second citizenship has never been so easy, GCI did an excellent job! Once Montenegro joins the EU, the passport rank will grow significantly. . The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. KEY FACTS. Thus, in every city, unforgettable parties are organized by young people from all over the world. This second citizenship made my travels in Montenegro, as well as other countries, much more manageable and easy. You could also try renting, which will bring an estimated 4-6% annual return. €100,000 donation to the government of Montenegro, which will be used to fund development projects. Budva during the summer becomes the "capital" of Montenegro and without exaggeration, it can be said that the entertainment in this city never stops. 6. 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. 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. The VAT is 19%. 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. 2. 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. -. 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. 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. The sex appeal. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. 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. There are multiple ways to optimize your tax in Montenegro. This site uses Akismet to reduce spam. Many websites say that it does not allow but you have stated that it allows. We now know Montenegro passports for investments issued after 6 months (90 days after citizenship approval). No language tests, No business experience. 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. 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. Montenegro’s CBI program will excite high-net-worth investors because of its nearly-EU status. At some point, you’ll have to bite the bullet to reap the rewards. Montenegro is a candidate for EU membership and has lowest property prices. Its GDP grew 4.9% in 2019 and it’s finally making western investors look its way. Currently, about a dozen countries have implemented such a program. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. 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. This is one other advantage applying for Montenegro citizenship by investment program. Travel to Montenegro to take a citizenship oath and provide your biometric data. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. 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. Montenegro’s citizenship by investment program is one of the best value options for a second passport right now. The good news is that the investment is recoupable. If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? The corporate and personal tax rate is set at a low 9%. 7. 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. 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. Welcome to the page for getting another citizen of GCI where you will meet experts in the area of ​​obtaining another citizenship. If we know anything about the Balkans, it is that things tend to move slowly here. 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. Invest €250,000 in the mountainous northern region. This is a great second passport to have.”. 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 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. Viber: +678 535 7130 Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. 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. 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. There are two routes to choose from to qualify for the program: We will send you an offer tailored to your needs. You simply have to apply, make the investment, and obtain your passport. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. Non-Commonwealth These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. Is the program of this small Balkan country worthy of your money and your time? Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. FAST FACTS. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. 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. The absolute minimum that you need to invest is. 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. Go through a preliminary check with your agent. 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. WHY MONTENEGRO? 1. Option 2 – Southern Real Estate Investment. First, make sure you’re eligible to apply: If you’re eligible to apply for a Montenegrin passport, you’ll be glad to know that it will take 3-6 months to get approved. Although the investment amount is much less than under the citizenship program, €100,000, passport can only be granted after 10 years of permanent residence and lawfully living in Montenegro. All rights reserved. 3. MONTENEGRO CITIZENSHIP BY INVESTMENT. Well, it’s already appreciated 10%. The satisfaction of working with can be confirmed by the experience of the numerous clients that we helped. 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. 4, Budva  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. Save my name, email, and website in this browser for the next time I comment. 2. 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. 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. 5. Utilize Montenegro’s infrastructure to do business throughout Europe. You read about the Montenegro Citizenship by Investment Program and are wondering what is its true price. Usually, countries that offer citizenship by investment programs are remote islands. The currency is the euro. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. 4. You simply have to apply, make the investment, and obtain your passport. No further commitment is required. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. It’s a tiny slither of a country tucked away in Southeastern Europe and it’s definitely easy to miss. In this article, we will break Montenegro’s CBI program down and discuss its nuances, so you can make an informed decision. The first applications for obtaining Montenegrin passports for investments began to be accepted from January 2019. Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. Before we explain why Montenegro is a great proposition, are you one of those people who would first have to ask: “Where is Montenegro?”. 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