The country uses the euro. So, if you do business in China, a Montenegrin passport could be a good addition to your. Invest €250,000 in the mountainous northern region. 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. 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. The VAT is 19%. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. The investment element ranges from €250,000 in the northern and central region to €450,000 in the 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. Montenegro Citizenship By Investment: The Ultimate Guide Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. They can often outbuy western investors because they buy more on impulse and less on numbers. After all, you’re not just looking to gain a passport but make some money in the process too. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. ⤅ How Does the Montenegro CBI Program Compare? These are mostly rural villages, away from the coastal and ski resorts of the country. Meanwhile, if you want to lower your investment, you can make a purchase worth at least, The good news is that the investment is recoupable. That’s how long the due diligence and application processing takes. But we’d recommend you discuss your financial situation and long-term goals with the Nomad Capitalist team before taking the leap. 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. Then, it’s passport holders will get visa-free access to all Schengen countries. An additional government donation of €100,000 is required, plus application and due diligence fees. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at €100,000. Save my name, email, and website in this browser for the next time I comment. Montenegro is also a leading candidate for EU accession and it has been working hard to integrate EU legislation into its national law too. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. They got a considerable amount of political flack over it and quickly shut the talks down. High public debt. 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. ... Montenegro Citizenship By Investment - Duration: ... Nomad Capitalist 44,204 views. Donations in Government funds in the amount of 100 000 EUR. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. You could also try renting, which will bring an estimated 4-6% annual return. Montenegro is not a member of the EU yet, but it’s predicted to join by 2025. For example, Antigua and Barbuda will ask for the same, only the amounts will differ. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so … No further commitment is required. 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. Go through a preliminary check with your agent. We can help. This is a great second passport to have.”. 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, How to Minimize Real Estate Taxes as a Nomad, 3 Tiers of Passports: How to Define the Best Passport in the World. 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. Montenegro might be small, but it’s got plenty to offer. However, with a minimum investment of at least €350,000, getting a Montenegrin passport is far more expensive than a residence permit. However, it’s still hindered by two things: widespread corruption and public debt. Montenegro has opened up the program for three years. 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. 4. But if you don’t care about being in Europe, then. 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. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. No residency requirement. Spend just 5 days in Montenegro in a 5 year period to renew your passport. 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 is highly connected to Europe and all of its major hubs. This includes real estate, stocks, venture capital, and precious metals in global markets. 7. 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. At some point, you’ll have to bite the bullet to reap the rewards. 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. A donation is not unusual when it comes to CBI programs and other jurisdictions. The corporate and personal tax rate is set at a low 9%. A huge part of your decision to invest in a country should rely upon its economy. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. Your email address will not be published. So, to sweeten the pot, the Montenegrin government has decided to throw in a passport and secure those investments. Well, it’s already appreciated 10%. No. It will totally depend on your situation whether doing business in euros will help or hinder your investor agenda. You simply have to apply, make the investment, and obtain your passport. Montenegro has signed an E-2 Investor Visa treaty with the United States, allowing Montenegrin passport holders to live and work in the States. With a 300 kilometer dramatic coastline and multiple pristine mountainous areas, it’s little wonder that Montenegro attracts over two million visitors per year. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. The offer sure is tempting. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. Gather up all of the required documents and choose which real estate investment project you’d like to go for. Can you afford to take a gamble and buy a European citizenship for cheap to get the full benefits of living and working anywhere in the EU in five years time? So if the UA is a priority probably easier to get a residence permit. You simply have to apply, make the investment, and obtain your passport. 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. 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. Travel to Montenegro to take a citizenship oath and provide your biometric data. Is Egypt set to offer a golden visa through a citizenship by investment programme? 2. 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. What matters is that they are financially dependent on you. No language or history test. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. 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. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. You will be expected to do one or more of the following: The investment amount is determined by the government, but it is also influenced by what benefits the country has to offer. 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. 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. 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. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. 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. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. 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. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. https://www.artoncapital.com/global-citizen-programs/montenegro The absolute minimum that you need to invest is. 6. No further commitment is required. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Montenegro flirted with having a CBI program back in the mid-2000s. The list of such properties is currently inaccessible on the official website of the program – perhaps the perfect metaphor of the new the program and how inexperienced the government and its officials are in running it. Third, the location and the quality of life of Montenegro is great. Up until very recently, the world had no idea Montenegro existed. Expected date to join the EU is 2025. The absolute minimum that you need to invest is €350,000. No language tests, No business experience. 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. Finally, there’s also the sex appeal that Montenegro has: luxurious, Mediterranean, safe, and stable. Malta. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. but for a pop in Montenegro would do the job and the last country that I have had people asking about people, … The difference from other CBI programs is that Montenegro’s has an expiration date – 31st of December 2021. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. . A couple investing in the luxurious coastal area will have to shell out €575,000. 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. 250 000 EUR investment in land in an undeveloped territory in the north of the country. Malta and Cyprus will both set you back considerably more. Malta is the only citizenship by investment program that sells access to both the European Union AND the borderless Schengen Area. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. No obligation to relinquish current nationality and no disclosure of citizenship to foreign authorities. Residence tax planning, second citizenship by investment, ancestry citizenship, investment passports, and second passport portfolios ... Nomad Capitalist is a one-stop shop for international tax strategy spearheaded but someone who has been in my shoes and walked the path themselves. But we’d recommend you discuss your financial situation and long-term goals with. The Montenegro Citizenship by Investment Program Launched on 3rd October 2019 and limited to only 2,000 applications, offers one of the simplest and fastest routes to acquiring an alternative citizenship for investors and their family, in exchange for minimum real estate investment from €250,000 as well as €100,000 government contribution, which makes €350,000 the total capital amount required. +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, "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, 7 Countries Where Residence Doesn’t Lead to Citizenship, The 6 Best Places to Live in Montenegro for Expats, The Best Small Towns in Europe for Quiet Living, Montenegro Citizenship by Investment: The Ultimate Guide, 12 Second Residencies Through Cheap Real Estate Investments, 22 euros: the low cost of starting a business in Montenegro, How foreign investors fueled a Montenegro property boom, From tumbleweeds to economic miracle: the next economic success stories, Why frontier and emerging market tourism is on the rise. 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. They started right where you are. 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 is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. Connectivity with Europe. Real estate is overvalued. Once Montenegro joins the EU, the passport rank will grow significantly. No. So in total Montenegro will require EUR 350,000plus other fees and investors issued permanent residence within a month and citizenship within 6 months. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. 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. Visit 120+ countries, including the UAE, Macedonia, and Russia. Arton Capital presents Montenegro Citizenship by Investment at a cocktail reception in the Capital Club, Dubai, UAE. Receive your passport; your citizenship is issued for life. You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. The VAT is 19%. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. The steps that you must take are the following: 1. Lake Skadar, Kolasin and Zabljak are all places where you can invest just €250,000 to obtain a Montenegrin passport. The key benefits of the new Montenegro citizenship by investment program: Visa-free travel to 116 countries including all Europe’s Schengen zone. Many people feel that the number of countries a passport allows you to visit defines the quality of that passport. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. While there are new countries starting to offer citizenship by investment programs, others no longer exist. Unfortunately, the UK and Ireland are not part of the Schengen zone, so you are not able to travel visa-free. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. Expected to happen in 2025, citizens of Montenegro will then be able to travel, live and work in whichever EU country that they choose. Here at Nomad Capitalist, we believe that you should "go where you're treated best". For example, over the last decade, investment from Russia came to about a third of Montenegro’s GDP. Malta and Cyprus will both set you back considerably more. Take the money you save and invest overseas to earn higher returns than at home. On the southern coast of Montenegro and Podgorica: Minimum 60 rooms 5 Star Hotel with at least 15 Million EUR investment and 80 employees As one of the most stable and prosperous countries in the Balkans, Montenegrin citizenship offers several noteworthy benefits. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. If you’ve fulfilled both, and the due diligence done on you and your family (if applicable) has revealed no cause for concern, you will be granted Montenegrin citizenship and be able to collect a passport. 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. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. 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. investment in real estate in the norther regions of the country. But what we will say is this: Montenegro is an ideal location with pristine nature and a balmy climate. Montenegro’s CBI program will excite high-net-worth investors because of its nearly-EU status. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. Here are the main pros of obtaining and holding on to your Montenegrin passport. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at. 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. The minimum investment of €350,000 makes Montenegro the cheapest CBI in Europe. 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. 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. It’s also extremely easy to start a business. Go through a preliminary check with your agent. Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. So, it’s only a matter of time, unlike many of the Caribbean CBIs, where there is simply no scope for grandiose economic advances. Fully pay for the investment and the government fees, and make the donation. Access to the United States. Investment Options for Montenegro Citizenship Option 1 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". Plus, Montenegro is well-connected to the rest of Europe. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Applicants can apply by investing in one of several government approved real estate development projects. Turkey has since turned their program around, as it was a massive flop in the beginning. The good news is that the investment is recoupable. For example, If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend, . . Learn how your comment data is processed. In other words, you will be able to sell it after a holding period of five years. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. Montenegro Citizenship by Investment FAQs, Taiwanese Visas and Citizenship: the Ultimate Guide, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. If we know anything about the Balkans, it is that things tend to move slowly here. Citizenship or Residency by Investment? . Russians are already looking for investments in the country. 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. 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. And that’s not to mention that about a third of all foreign companies in Montenegro are owned by Russian citizens too. If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. Years of debates and discussions followed. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. Utilize Montenegro’s infrastructure to do business throughout Europe. Finally, it launched on January 1st, 2019. Development projects involve construction of five star hotels or mixed-type complex in the coastal region or the Capital of Podgorica or at least four stars in the northern or central region save for the Capital of Podgorica, requiring atleast It’s also extremely easy to. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. The real attraction of Montenegro is its imminent membership in the EU. The south of Montenegro basically spans the entire coast of 300km. 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. As with all post-Soviet countries, Montenegro suffers from corruption. Montenegro opened a new special citizenship by investment program from Jan 1, 2018. 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. Donate €100,000 to Montenegro’s government development fund. 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. , venture capital, and grandparents invest just €250,000 to obtain your passport this period, has! Of Podgorica instead, you will only need to travel to United Kingdom, Canada, Australia and States... Dependent on you offer a golden visa through a citizenship by investment programme government-approved lists of projects that foreigners allowed... Nearby, part of the €100,000 donation and its amount is firmly set at higher... Technically, you will only need to invest is €350,000 the corruption Perception Index that is put together Transparency... 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