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Citizenship Of Montenegro For Investment Into Real Estate In 2020

citizenship by investment

Citizenship Of Montenegro For Investment Into Real Estate In 2020


How To Find Citizenship By Investment

Investment Programs In Comparison

Quite frankly, we would prefer Montenegro never join the EU and remain an independent country. For one, Montenegro has very low tax rates – some of the lowest in Europe at just 9% – and we can only imagine that would come under some scrutiny if they were to join the EU. If you want an EU passport, you are taking a bet by choosing Montenegro over the programs that really are guaranteed, like Malta. If you’re willing to pay a higher price for an assumption, then by all means. And that’s not even mentioning the new three-year timeline for those who opt for the lower donation amount that basically turns this program into a glorified fast-track Golden Visa. So, make sure you’re willing to part with a high six-figure amount before applying for this program.

Montenegro citizenship

The multilingual culture and community of Montenegro, makes it an ideal relocation destination for individuals across the world. Moreover, the cost of living is lower compared to other countries in Europe. Moreover, tax benefits also provide incentives to individuals for migrants to gain citizenship of Montenegro. Similar to other programs, Montenegro has recently launched its Citizenship by Investment Program . This program aims to encourage foreign direct investment in the country.

Nb: These Investments May Not Take Advantage Of Eu Pre

Moreover the citizenship in Montenegro may in short perspective become citizenship in the EU. We are able to offer full citizenship/passport for our clients within 30 days at the price of $10,000 USD. Significant family discounts are also possible and paperwork required is minimal.

Montenegro citizenship

Department of State or U.S. government endorsement of the entity, its views, the products or services it provides, or the accuracy of information contained therein. The order in which names appear has no significance, and the listings or links may be removed at any time at the discretion of the Department. The CDC’s latest guidance on international travel for vaccinated people can be foundhere. U.S. citizen visitors (traveling with U.S. passports) do not need a visa to enter and stay in Montenegro for up to 90 days. TheCenters for Disease Control and Prevention has issued aLevel 4 Travel Health Noticefor Montenegro due to COVID-19, indicating a very high level of COVID-19 in the country.

Citizenship Solutions

This depends on if you have the financial capital to afford investing anywhere from over 350,000 to 650,000 Euros in Montenegro. It’s a hefty sum that automatically precludes anyone without that capital from being able to apply for Montenegrin citizenship. There are only a few countries and airlines that offer direct flights to Montenegro, but they are major hubs so it’s usually just a single layover before you can travel out to your next destination. Air France, Turkish Airlines, Alitalia, Brussels Airlines, LOT, Austrian Airlines, Aegean Airlines are the major airlines operating out of Montenegro’s airports.

Montenegro citizenship

Additionally, Andorran citizens who take another citizenship lose their Andorran Nationality. Venezuela allows dual citizenship, as anyone who is born on Venezuelan soil has the irrevocable right to citizenship. The UK has a straightforward process law firm where a permanent resident may spend a certain number of years in the country and be eligible for British citizenship. Pakistan allows its citizens to have foreign citizenship, as the “Overseas Pakistani” are vital to Pakistan’s economy.

At IRC, our professional team can strive to make this dream a reality for you. Under the Citizenship by Investment scheme, Montenegro does not require applicants to give up other citizenships. This program is beneficial for foreign nationals looking to hold dual citizenship. The corporate tax rate is also 9% and applies to capital gains and interest income as well.

Montenegro citizenship

But, beware that not all economic citizenship programs are created equal and the internet is full of charlatans promising the impossible. To apply for Honorary Citizenship Montenegro applicants must be at least 18 years of age, be of a good character with no criminal record, and have good health. An applicant may apply together with his or her spouse and dependent children, and, in some cases, dependant elderly parents or grandparents. After all, foreigners who want to get a passport are limited in the choice of real estate.

Business Establishment In Montenegro

Holders of a Montenegro passport can currently travel visa-free in 117 countries, making it the 37th best passport in the world, according to The Passport Index. In case of approval, applicant is invited to proceed with the contribution and the investment. Proclaim your aim to wed and apply for a marriage permit at any rate 7 days before the wedding. It is conceivable to meet all requirements for Montenegrin citizenship through marriage.

Montenegro citizenship

After we include all applicable government fees, then the entire cost for a family of six should come in at around $165,000. But now, any family with at least six members can make a donation into a fund dedicated to the expansion of the University of the West Indies. The donation to the National Development Fund is the cheapest passport option in Antigua and Barbuda. In other words, anyone shopping for an economic citizenship can save a lot of money now. Antigua and Barbuda slashed its donation minimum in half, making it by far the cheapest solution for a family of four. But none of the programs in the Caribbean currently allow citizenship to be awarded to a third generation – so your children won’t be able to pass their St. Lucian citizenship to their kids.

Our team will provide a detailed checklist of documents required for your application and guide you through collecting and preparing all necessary documents. Our experienced immigration advisers will carry out checks on all supporting documents for compliance to ensure all requirements are met prior to making the application. The lowest capital entry requirement among alternative citizenship programs in Europe. Property for sale in Montenegro attracts with its affordable prices, low taxes and simple acquisition procedures. Most foreign investors look for seafront Montenegro real estate that sell for €150,000.

Montenegro recognizes dual citizenship, which means that you will not have to give up your first passport. The conditions for buying real estate are regulated by the agreement with the developer – in some cases the investor becomes the owner of individual apartments, in others – shares in the complex. The procedure for calculating income is also determined by the management agreement. The law does not limit the minimum period of ownership of an asset , but prohibits the use of the same object in order to participate in the program once again. It will take 2–4 months in average to register property ownership in Montenegro. To get citizenship in Montenegro, you would have both to purchase a property out of the government-approved pool investing at least € 250,000 and donate at least € 100,000 to the government fund.

Over the past number of years, the Montenegrin government has been successfully working on expanding its list of Visa-free countries. Current indications suggest that Montenegro will become part of the European Union as they are strongly working towards the criteria set by the EU. Therefore, in all likelihood it is a matter of when they join the EU and not if. However, if in the unlikely event they do not become part of the EU, privileges of being part of the EU will not apply to the citizens of Montenegro. The Montenegro Government do not revoke your current citizenship, nor will they inform your home country of your new citizenship.

It is considered the most economical second passport that allows visa-free access to the EU and the UK. You and your family will obtain an irrevocable dual citizenship and second passport without having to move away or renounce your current nationality. The Montenegrin Government gave its consent for economic citizenship to be granted for four projects in the area of tourism so far.

Montenegro citizenship

Once the application is reviewed and approval is granted, amounts in escrow accounts will be released. To learn more about the Montenegro CBI programme that we offer, book a free consultation with our experts by filling out the form below. The application fee for one person is EUR 15,000, additional EUR 10,000 for up to 4 family members, and EUR 50,000 for each additional family member.

Out of respect to those who engage our services, we don’t provide personalized advice or referrals unless you engage us. Technically, you could apply for the Montenegrin passport today – there is nothing holding you back. The World Bank has named Montenegro as one of the fastest growing economies in the Balkan peninsula. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. 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. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region.

The program requires an applicant to invest in development projects approved by the Government as well as pay a Government contribution. Investment into a development can either be €250,000 if it is in a developing area or €450,000 if it is located in a developed area. Applicants can gain Montenegro residency permit in as little as 3 weeks, and citizenship within 6 months.

Montenegro citizenship

Luckily, citizenship by investment isn’t the only way you can get a second passport. Citizenship by descent, marriage, and naturalization are also legitimate ways to get a citizenship abroad. Ideally, a citizenship by investment should only be one of several passports you hold. And if you are in no particular rush, residence by investment could give you a solid path toward citizenship via naturalization after making an investment in exchange for residence in any number of countries. US citizens who wish to quickly renounce their citizenship may benefit from pursuing a second citizenship by investment.

  • Significantly, the entire family is eligible to apply for citizenship, including financially dependent children over the age of 18.
  • As a logistics base, Montenegro is a perfect point on the map for companies that export their products to the EU, Southeast Europe and the Middle East.
  • However, most state-of-the-art ecologically friendly construction materials will be used together with geothermal technologies and sewage water bio purification facilities.
  • In any case, you should take a test that exhibits fundamental capability in Montenegrin.

So while the Philippines does allow dual citizenship, dual citizens are usually Filipinos who acquired foreign citizenship and not vice versa. This is specifically for citizens of other Latin countries, including Spain. There is a program called Malta Investment Immigrant Program , which lets investors invest a certain amount and obtain Maltese citizenship. In addition, Ireland allows citizens with Irish ancestors to claim an Irish passport.

Montenegro citizenship

Moreover, Belgium had more relaxed laws about foreigners obtaining citizenship in the past. You had to live for three years in the country and keep a clean criminal record. Nowadays, you might need between five to nine years to obtain a Belgian passport. When you become a citizen of Bangladesh, you need to keep a clean criminal record for five years. If in those years you get sentenced to imprisonment or incur a criminal fine, your citizenship will be taken away. Additionally, Bangladesh citizens are allowed dual nationality, without losing their original one.

Short stay visa – C – is issued for entering the country for tourist, business, or other purposes. This visa allows the holder to stay at the country up to 90 days in 6 months period. 3) Legally and continually resides in Montenegro with an adoptive parent who is a Montenegrin national, in case of incomplete adoption. Intending to come to Montenegro it’s necessary to legalize stay and work separately.

That means that the total networth of your investment is even lower. Likewise, as you can sell the property after five years, and the real estate market is growing, you’ll get an incredible investment return. That means the Montenegro passport is stronger than the Russian, Chinese and many Latin American passports. Likewise, it allows visa-free travel across the European Union and, potentially from 2025, will allow you to move and invest freely across the Union. The passport of Montenegro is considered one of the top passports from around the world. In fact, Montenegro’s passport is considered the 42nd best passport in the world, providing visa-free travel to more than 120 countries.

Montenegro citizenship

In the Covid era, what is most important to people is safety, space, and security, and Montenegro provides all three. The eagerly awaited One&Only hotel, part of the Portonovi luxury resort and mega-yacht marina, will bring a new level of lifestyle elegance to Montenegro. It will the first One&Only hotel in Europe and is set to open in March 2021.

Montenegro citizenship

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