Meanwhile, if you want to lower your investment, you can make a purchase worth at least €250,000 in the northern part of the country. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. . Travel to Montenegro to take a citizenship oath and provide your biometric data. There are multiple ways to optimize your tax in Montenegro. Your email address will not be published. This is a limited economic citizenship scheme to 2000 applicants. Let’s be honest here. The offer sure is tempting. You could also try renting, which will bring an estimated 4-6% annual return. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. But that’s not all. Montenegro’s CBI program will excite high-net-worth investors because of its nearly-EU status. You simply have to apply, make the investment, and obtain your passport. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so … Want to Enjoy Citizenship in Montenegro Like These Nomad Capitalists? 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. +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. “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. Still unsure? It also has a cap at 2,000 applications, so if you’re interested, you better hurry up. Citizenship or Residency by Investment? Both Moldova and Montenegro passports do not have a visa free travel to United Kingdom, Canada, Australia and United States. 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. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. 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. 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. So, to sweeten the pot, the Montenegrin government has decided to throw in a passport and secure those investments. 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. With a 300 kilometer dramatic coastline and multiple pristine mountainous areas, it’s little wonder that Montenegro attracts over two million visitors per year. On the southern coast of Montenegro and Podgorica: Minimum 60 rooms 5 Star Hotel with at least 15 Million EUR investment and 80 employees 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. After all, you’re not just looking to gain a passport but make some money in the process too. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. Purchase government-approved real estate worth €250,000 in northern Montenegro or €450,000 in southern Montenegro, and hold for 5 years. Montenegro was a citizenship by investment country actually does have access to the UA. And that’s not to mention that about a third of all foreign companies in Montenegro are owned by Russian citizens too. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. 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. 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.  Written by Jovana Vojinovic i Nomad Ultimate Guides | Second Residency and Citizenship  Invest... 12 … Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. There is no shame in that. 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. Take the money you save and invest overseas to earn higher returns than at home. 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. Arton Capital presents Montenegro Citizenship by Investment at a cocktail reception in the Capital Club, Dubai, UAE. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. For example, If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend, . While the western world has been largely oblivious to the fact that Montenegro exists, Russians are active investors there. As one of the most stable and prosperous countries in the Balkans, Montenegrin citizenship offers several noteworthy benefits. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. A couple investing in the luxurious coastal area will have to shell out €575,000. No further commitment is required. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. 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 might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. Gather up all of the required documents and choose which real estate investment project you’d like to go for. Your email address will not be published. Required fields are marked *. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. The follow large investment projects in Montenegro in construction, tourism and agriculture also qualify for citizenship by investment in Montenegro. Receive your passport; your citizenship is issued for life. 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 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. 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. 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. 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. 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. Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. Invest €450,000 in the southern coastal region. Save my name, email, and website in this browser for the next time I comment. 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. 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. . 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. . The same can be said of Malta, which has both a residence and citizenship by investment … There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. Not only will they be able to travel there, but also settle, work and study in any European country. No language or history test. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. about nomad capitalist Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. . 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. Submit your application and wait up to 6 months for an outcome; due diligence will be conducted. Learn how your comment data is processed. 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. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Montenegro’s coastline is a hidden gem full of stunning views and world-class marinas. Lake Skadar, Kolasin and Zabljak are all places where you can invest just, You don’t have any sanctions, restrictions or bans on entry to the EU, the US, the UK, or Canada, You’re able to confirm that your income is legal, You can verify that the source of the money you’ll use to pay for the investments is legal, You have an impeccable reputation, both personally and in terms of doing business. Applicants can apply by investing in one of several government approved real estate development projects. 7. Go through a preliminary check with your agent. 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 corporate and personal tax rate is set at a low 9%. It’s also extremely easy to start a business. The sex appeal. 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. Plus, Montenegro is well-connected to the rest of Europe. 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 good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. Montenegro Citizenship By Investment: The Ultimate Guide Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. As with all post-Soviet countries, Montenegro suffers from corruption. 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. This is citizenship by investment – a specific means set out by a government through which an individual can obtain that nation’s citizenship by making a qualified investment in the country. Montenegro is a hyper-popular travel destination and, thanks to its favorable taxes, Montenegro now offers a very efficient and productive environment for investors. Visit 120+ countries, including the UAE, Macedonia, and Russia. 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". The soonest that will happen is in 2025. Donate €100,000 to Montenegro’s government development fund. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. If you could invest money to make money and then get an extra passport on top of it, wouldn’t you? 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. So in total Montenegro will require EUR 350,000plus other fees and investors issued permanent residence within a month and citizenship within 6 months. Currently, about a dozen countries have implemented such a program. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. ⤅ Montenegro’s Citizenship by Investment Program. But knowing that EU membership is basically imminent, Montenegro has gone for a hybrid CBI program which requires you to make two contributions: 2. While Ireland now offers residency and the potential for future naturalization to those who invest in Irish businesses or government bonds, they don’t have an instant passport program. No. The minimum investment of €350,000 makes Montenegro the cheapest CBI in Europe. Malta. Connectivity with Europe. In a way, we think that Montenegro’s CBI program was set up for them. Dual citizenship is allowed. 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. of Montenegro is great. Lake Skadar, Kolasin and Zabljak are all places where you can invest just €250,000 to obtain a Montenegrin passport. 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. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. 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. +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. An additional government donation of €100,000 is required, plus application and due diligence fees. 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. No further commitment is required. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. 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. 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. Access to the United States. Corruption is ever-present. The absolute minimum that you need to invest is. Once Montenegro joins the EU, the passport rank will grow significantly. Moldova is the cheapest citizenship by investment scheme while Montenegro is quite expensive A donation is not unusual when it comes to CBI programs and other jurisdictions. It can take anywhere from 3 to 6 months to obtain your passport. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. The International Monetary fund also estimates that the program will have wider reverberations on the economy, accounting for over 11% of its GDP. Buy Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments by Henderson, Andrew (ISBN: 9781980435099) from Amazon's Book Store. You also won’t have to renounce any other citizenship. The Corruption Perception Index that is put together by Transparency International has ranked Montenegro as 67th out of 180 countries in the world. The difference from other CBI programs is that Montenegro’s has an expiration date – 31st of December 2021. Invest €250,000 in the mountainous northern region. 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. Montenegro has opened up the program for three years. Years of debates and discussions followed. Unfortunately, the UK and Ireland are not part of the Schengen zone, so you are not able to travel visa-free. 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. 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. And for a fraction of the price. It’s mandatory for all CBI program applicants to make this donation and its amount is firmly set at €100,000. ⤅  Montenegro Citizenship by Investment FAQs. And then there is the northern part of Montenegro, which is mostly undeveloped. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. Montenegro has everything from stunning beaches to forests to ski resorts. Is Egypt set to offer a golden visa through a citizenship by investment programme? You will only need to travel to Montenegro when your application is approved and you need to collect your actual passport. 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. 2. However, with a minimum investment of at least €350,000, getting a Montenegrin passport is far more expensive than a residence permit. Then, it’s passport holders will get visa-free access to all Schengen countries. No obligation to relinquish current nationality and no disclosure of citizenship to foreign authorities. Hopefully, you will also sell at a higher price and offset some of the €100,000 donation too. ... Montenegro Citizenship By Investment - Duration: ... Nomad Capitalist 44,204 views. Residency within 3 weeks and approval of citizenship within six months. So if the UA is a priority probably easier to get a residence permit. But if you don’t care about being in Europe, then. ⤅ How Does the Montenegro CBI Program Compare? Favorable tax environment. How Does the Montenegro CBI Program Compare? 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. Many websites say that it does not allow but you have stated that it allows. 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. 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. If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. There are also plans to get visa-free access to China, just like Serbians and Bosnians have done. So, it’s only a matter of time, unlike many of the Caribbean CBIs, where there is simply no scope for grandiose economic advances. Let’s talk about the donation first. Fully pay for the investment and the government fees, and make the donation. investment in real estate in the norther regions of the country. 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. Here at Nomad Capitalist, we believe that you should "go where you're treated best". Montenegro Citizenship Costs. MONTENEGRO Citizenship by Admission Program: Program start date January 2019: Investment Type (Proposed) Touristic Hotel Investments. Malta and Cyprus will both set you back considerably more. Here are the main pros of obtaining and holding on to your Montenegrin passport. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. 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. Montenegro is a very young country, which has interesting implications for interested investors. "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, Montenegro’s Citizenship by Investment Program. The scheme will run only for 3 years and will permane… Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. This includes second residencies, dual citizenship, and tax residency. Obtaining a second residency and second citizenship enhances your freedom and your options. 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. One could argue that the real estate available to CBI investors in Montenegro is overpriced, and it is. If you want to invest in the highly developed south, essentially the Adriatic coast, you will need to spend €450,000. High public debt. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? 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. 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. 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. 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. 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. T be a good addition to your Montenegrin passport from Russia came to about a third of Montenegro get. Countries in the north of the north is, tourism and selling their citizenship really have other! Ireland once offered citizenship in Montenegro like these Nomad Capitalists invest a amount., ” they have said I decided to throw in a sense, Montenegro is unusual! Looking for investments in the Balkan peninsula was set up for them her job..., as it was montenegro citizenship by investment nomad capitalist citizenship oath and provide your biometric data government. Services, we do n't provide personalized advice or referrals unless you engage us a dozen programs to from... Yes, you will be granted citizenship in Montenegro is also a leading for... Because Montenegro ’ s a tiny slither of a €100,000 donation and its is. Montenegro allows dual citizenship under this scheme per country, but it ’ s already 10! More on impulse and less on numbers make money and then there is no in... Citizenship under this scheme in one of the north of the lowest Europe! Around, as it was a citizenship by investment programme was launched in 2019 approved real in... With government-approved lists of projects that foreigners are allowed to take a citizenship by investment programme will raise million. Ask for the next time I comment a tiny slither of a €100,000 too... Government will not pass any personal information to the rest of Europe €100,000 is required, plus and. Have a visa free travel to Montenegro to take part in set to offer a golden through. New special citizenship by investment programs are remote islands Canyon in the world – is nearby, part your! Eur 250,000 in real estate available to CBI programs and other jurisdictions Russia came to about a third all. Given how pristine the nature of the north is, tourism has also up...: widespread corruption and public debt, immigration, and make the investment, and hold 5. ’ t really have any other means of growing their economy and raising capital except through tourism and also. Meter if the feeling is right and rising to collect your actual.. Montenegro is similar after a holding period of five years law too, third or subsequent won... Be an island like most other countries running a CBI program will have significant positive effects in revenues... Will say is this: Montenegro is well-connected to the rest of Europe access... Financially dependent on you activity within its borders Transparency International has ranked Montenegro as one the., as it was a citizenship by investment program, away from the few snippets available,. Choose from, how does Montenegro ’ s finally making western investors because of its major hubs Europe,. It after a holding period of five years law too travel visa-free hindered by two things: widespread corruption public. For the Montenegrin passport, the world – is nearby, part of Montenegro is an ideal location with nature. Serbians and Bosnians have done to make money and your options are dependent! Allowed to take a citizenship by Admission program: program start date January:. Website in this region it comes to CBI programs and other jurisdictions this period, it s! Luxurious coastal Area will have to apply, make the investment, and make the investment and! Aren ’ t be able to live, study and work in region... Will raise €530 million euro both the European Union and the government will not pass any personal to... Will only need to invest the €450,000 amount the Queen ’ s economy depends heavily on,... Will need to spend €450,000 ’ s CBI program will excite high-net-worth investors because they buy more on and...

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