The VAT is 19%. Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. 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. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. Montenegro Citizenship by Investment . CBI scheme is limited to only 2000 investors. A donation is not unusual when it comes to CBI programs and other jurisdictions. Up until very recently, the world had no idea Montenegro existed. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. Attest the power of attorneys and the investment agreement. 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 launched brand new citizenship by investment scheme in 2019 to attract foreign property investors. The VAT is 19%. 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. These are non-immigrant US visas, unlike EB-5, these visas require low investments and fastest visa processing times. . We feel that Montenegro has struck a near-perfect balance here. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. Fully pay for the investment and the government fees, and make the donation. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. 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. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. 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. . First, the total investment required is one of the lowest in Europe. 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. . Real estate is quite liquid in both of these places, so it shouldn’t be a problem to sell and even make a profit. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. Required fields are marked *. In other words, they don’t care about the price per meter if the feeling is right. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. . Perhaps the most important question besides the other advantages of the Montenegron citizenship program is the question of the costs. Well, it’s already appreciated 10%. We’ve done this before. Montenegro Hotel Investment | Citizenship by Investment. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. A donation is not unusual when it comes to CBI programs and other jurisdictions. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. 1. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. 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. If you’re already in the know, feel free to scroll down. Jovana is our lead R&D Associate at Nomad Capitalist. 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. Because Montenegro’s economy depends heavily on tourism, the government is seeking to diversify by offering citizenship by investment to high-net-worth individuals. Please let me know whether montenegro allows dual citizenship under this scheme. Get in touch with us now to understand how we can support you. 4. At some point, you’ll have to bite the bullet to reap the rewards. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. 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 corporate and personal tax rate is set at a low 9%. Citizenship by Investment Montenegro WHAT IS CITIZENSHIP BY INVESTMENT? Learn how your comment data is processed. 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. They can often outbuy western investors because they buy more on impulse and less on numbers. . 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". There is no shame in that. Visa-free travel to 124 countries, including the … Focused on you - our Client. Alternatively, you could go for a ski resort in Kolasin or a hotel in the Lake Skadar region. 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. In July 2018, the Government of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. For example, Montenegro would never get away with selling their passport for a couple of million euros like Cyprus does, because it doesn’t offer the same benefits. The processing time takes around 6 months. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. "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. The satisfaction of working with can be confirmed by the experience of the numerous clients that we helped. +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. You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. And then there is the northern part of Montenegro, which is mostly undeveloped. It’s definitely far above the competition in nearby Moldova and Bulgaria. 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, . The Montenegro citizenship by investment programme was launched in 2019. Gather up all of the required documents and choose which real estate investment project you’d like to go for. However, given how pristine the nature of the north is, tourism has also picked up in this region. And for a fraction of the price. Is the program of this small Balkan country worthy of your money and your time? Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. The new economic citizenship scheme announcement for foreign investors happened on Oct 1, 2018. Processing time and costs will vary depending on a number of factors. MONTENEGRO CBI PROGRAMME. 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. Government of Montenegro announced the launch of its citizenship by investment programme in summer 2018 as a second attempt to offer foreign nationals its passport in return for their contribution to the country’s development. Montenegro Citizenship by Investment . 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. Montenegro’s residence by investment. You simply have to apply, make the investment, and obtain your passport. Receive your passport; your citizenship is issued for life. Dual citizenship is allowed. 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. 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. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. 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 Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. No further commitment is required. For more information on how to obtain a residence permit in Montenegro, please contact us. 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. We will send you an offer tailored to your needs. 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. On January 1, 2019, the decision about the program came and set to apply until December 31, 2021. Then, it’s passport holders will get visa-free access to all Schengen countries. No language or history test. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. Want to Enjoy Citizenship in Montenegro Like These Nomad Capitalists? Phones: Looking to acquire investment citizenship and enjoy visa free travel to EU countries in 2021? 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. Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. A huge part of your decision to invest in a country should rely upon its economy. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. No. Option 2 – Southern Real Estate Investment. High public debt. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. WhatsApp: +66 990 918 357 What matters is that they are financially dependent on you. 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. It is a picturesque country with medieval villages, and a narrow strip of beaches along its Adriatic coastline. 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. 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. (GCI Unit Montenegro) Go through a preliminary check with your agent. Montenegro’s citizenship by investment program is one of the best value options for a second passport right now. -. A couple investing in the luxurious coastal area will have to shell out €575,000. But that’s not all. 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. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. Expected date to join the EU is 2025. This special citizenship program for investments is only limited to 2000 investors and will run only for limited time for three years. But once you do, you need to spend 5 days in Montenegro over the period of 5 years to retain the citizenship and get your passport extended. 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. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. Global Office Locations. 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. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. The processing time takes around 6 months. No residency requirement. Non-Commonwealth Donations in Government funds in the amount of 100 000 EUR, 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, 250 000 EUR investment in land in an undeveloped territory in the north of the country. Montenegro has everything from stunning beaches to forests to ski resorts. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. It’s also extremely easy to. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. But if you don’t care about being in Europe, then. There are two routes to choose from to qualify for the program: 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. Montenegrin citizens qualify for E-1 (treaty trader) and E-2 (treaty investor) visas to enter United States. What does the citizenship through investment entail? The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. Thus, in every city, unforgettable parties are organized by young people from all over the world. Travel to Montenegro to take a citizenship oath and provide your biometric data. Option 1. 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. In addition to the local population that has much to offer, anyone who comes on vacation usually enjoys food and drink. Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country. 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. If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? In recent years, more and more high-net-worth individuals have taken the plunge to obtain citizenship by investment and we expect to see the trend continue to grow. Montenegro is highly connected to Europe and all of its major hubs. Montenegro is a very young country, which has interesting implications for interested investors. It’s also extremely easy to start a business. You could also try renting, which will bring an estimated 4-6% annual return. Corruption is ever-present. However, from the few snippets available online, you can only invest in hotels and resorts. 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. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at. That consists of a €100,000 donation and a €250,000 investment in real estate in the norther regions of the country. And if you want to invest in the capital of Podgorica instead, you will also need to invest the €450,000 amount. 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. Montenegro citizenship by investment: Program overview Migronis Citizenship More than 20 programs of citizenship and residence for investments Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. 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. The steps that you must take are the following: 1. 2. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. Sure, there can be no guarantees, but it’s a country that’s safe and stable, a member of NATO (highly beneficial for a small country) and is already using the euro, so the chances are high. The sex appeal. No. 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. Visit 120+ countries, including the UAE, Macedonia, and Russia. Welcome to the page for getting another citizen of GCI where you will meet experts in the area of ​​obtaining another citizenship. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. ©   GCI - Global Citizenship Investment. Turkey has since turned their program around, as it was a massive flop in the beginning. Montenegro’s CBI program will excite high-net-worth investors because of its nearly-EU status. Montenegro Resort, Property, Aparthotel. 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. The Montenegrin passport brings visa-free access to over 122 countries, including Europe. FAST FACTS. Your information is confidential. KEY FACTS. The rules differ per country, but essentially, it’s like buying a passport. Spend just 5 days in Montenegro in a 5 year period to renew your passport. Montenegro has opened up the program for three years. Yes, you can add family members to the application. Montenegro is a candidate for EU membership and has lowest property prices. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. Connectivity with Europe. Montenegro flirted with having a CBI program back in the mid-2000s. Possess a valid passport or another foreign travel document. 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. The Montenegro citizenship by investment scheme is quite popular among EU citizens as it does not require them to live here before or after being granted a Montenegro passport. There are multiple ways to optimize your tax in Montenegro. The application phase is already beginning. Plus, Montenegro is well-connected to the rest of Europe. As with all post-Soviet countries, Montenegro suffers from corruption. Montenegro might be small, but it’s got plenty to offer. In a way, we think that Montenegro’s CBI program was set up for them. Rental returns of 3-4% are forecasted and the estimated completion date is December 2022. Montenegro Citizenship by Investment Options. 2. 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. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. 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. In the recent “Best Citizenships rankings” for 2020, Montenegro was ranked 3rd best citizenship by investment program. 7. A Montenegrin passport is a B-class passport; you can’t travel to some of the most important countries on earth visa-free, but the tremendous potential is there. Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. Currently, about a dozen countries have implemented such a program. The tasks you have completed with this citizenship by investment program is very important, thank you! If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. Favorable tax environment. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. Donations in Government funds in the amount of 100 000 EUR. Real estate is overvalued. The method takes into account a whopping 31 decision factors that are of importance to potential applicants. The real attraction of Montenegro is its imminent membership in the EU. 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. These are: 1. Malta and Cyprus will both set you back considerably more. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Montenegro will launch its own Citizenship by Investment Program in October 2018. The first applications for obtaining Montenegrin passports for investments began to be accepted from January 2019. For example, Antigua and Barbuda will ask for the same, only the amounts will differ. 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