Montenegro Citizenship By Investment Citizenship Program Process
Offers citizenship to the whole family, including the main applicant, spouse, and dependents. Strong passport with visa-free travel to over 120 countries, including Russia, Turkey, and the whole of the European Schengen area. The range of visa-free travel opportunities will likely expand if Montenegro is admitted as an EU member law firm turkey state. Residency is granted within three weeks of making your application, and full citizenship takes an average of 3 months, maximum 6 months. As a Montenegrin citizen, you can enjoy visa-free travel to over 120 countries around the world. Therefore, you will no longer experience time-consuming visa applications and rejections.
It offers a straightforward way to establish a business, obtain residency for you and your family. It takes only 4 days to open a company and two weeks to obtain residency. In addition, both primary applicants and their dependent family members are required to make a non-refundable contribution to a government development fund. Applicants are required to make Real Estate Investment in government approved projects from minimum €250,000 to €450,000. The location of the property determines the total property investment.
Montenegro Passport: Visa
Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs. Henley & Partners is delighted to announce its milestone submission of 100 applications for the Turkish work permit-by-Investment Program. /CNW/ — Henley & Partners is delighted to announce its milestone submission of 100 applications for the Montenegro Citizenship-by-Investment Program. The first coastal development in Montenegro to offer citizenship for investors, Boka Place is a new community of 213 managed and private residences in the form of apartments, duplexes and penthouses.
As a Montenegrin citizen, you can stay in Kotor, a beautiful costal town in Montenegro without having to worry about visas. You also don’t need to leave the country every few months to restart your visa. Taking all these factors into account, residency is a much better option than a visa. Montenegro’s favourable economic and political climate provides a solid investment opportunity, grounded in economic stability, with the Euro as the official currency and a track record of strong appreciation of real estate values. The country’s accession to NATO in 2015 and current status as an official EU candidate demonstrate the government’s ongoing commitment to both internal and international security and stability. One of the goals of the CBI programme is to encourage investment into Montenegro, thus boosting the local economy and, in turn, making it an even safer and more secure environment for investment.
Stage 2: Mandatory Investment: Transfer Of Funds To Escrow Accounts And Completion Of Property Documentation
Applicants will be required to transfer contribution and investment amounts to special escrow accounts. You will be required to travel to Montenegro to submit your residence application and biometrics. The Montenegro CBI programme has a fast and transparent process, and you and your family can enjoy your citizenship for a lifetime. You can become a Montenegrin resident within 3 weeks, and your citizenship can be granted in just about 6 months. Obtaining a second citizenship-through-investment has become a quick process, allowing you to obtain your second citizenship within 2-3 months without any requirement to reside in the country.
That’s how my wife and I lived in Abu Dhabi for four years and currently live in Brazil. It has never been simpler to start your journey towards acquiring alternative residence or citizenship. The government has applied a cap of 2,000 applications and applicants must provide documents supporting the source and origin of invested funds. Montenegro has one of the lowest corporate tax rates at just 9% and foreign companies receive equal treatment to domestic companies, making Montenegro an attractive proposition for investors.
Please use the most updated Caribbean fee table for a more comprehensive and customizable quote. It’s possible to acquire a residency permit to live there, which can be renewed annually. Montenegro, off Europe’s Adriatic coast, offers a citizenship-by-investment programme which is open – until the end of the year – to South Africans seeking dual nationality. The 5 – star hotel Montis Mountain Resort offers an impressive collection of suites with the recognisable Splendid brand touch, designed to meet the highest expectations of discerning international buyers. After receipt of all fee, you will be issued citizenship certificate and passport to all family members.
New born children of Montenegrin citizens are automatically entitled to gain Montenegro citizenship via citizenship by descent laws. Montenegro’s long-awaited Citizenship by Investment program launched on 1st October 2018, aiming to generate foreign investment for the country, and it will apply until 31st December 2021. Located on the Adriatic Sea in southern Europe, Montenegro shares borders with Albania, Siberia, Kosovo and Bosnia. Economy in Montenegro is service based with a late transition into global market economy. As of now, the current economy of Montenegro is in a healthy state to invest. It also is affordable to live and maintain a healthy life style with plenty of options for a living.
Do I Need To Stay In Montenegro?
Until the breakup of Yugoslavia there were two further changes to nationality laws, each being passed soon after the adoption of a new Constitution of Yugoslavia. The Citizenship Act of 1964 removed the provisions for depriving emigrants of citizenship, as well as establishing procedures for naturalisation. It also clarified the relationship that if one lost federal citizenship, then republic citizenship would be lost as well. The 1976 Citizenship Act clarified the mechanism for acquisition of citizenship of a republic by citizens of other republics. By the time the federal legislation was passed, the constituent republics had already adopted new citizenship legislation in line with the new constitution. Montenegro was the first to pass such legislation, in May 1975; it would remain in force until 1999.
You more likely than not been hitched to a Montenegrin resident for a long time and have lived in Montenegro for a long time. On the off chance that you have an a large portion of a-million euros and a pressing want for another visa, you most likely definitely realize that Montenegro’s program is truly outstanding available at the present time. Beginning in January 2019, the Montenegrin government propelled a citizenship-by-speculation program . The thought is to kick off remote direct speculation , particularly in the lacking north, by offering citizenship to the individuals who meet a couple of criteria. But Montenegro’s recent change of political direction has many worried that opinions can change for the worse, too. The presence of hardened Serb nationalists in Montenegro’s government for the first time since independence and closer relations with increasingly nationalist Belgrade has already begun to have an effect on the discourse in the country.
Recent Articles About This Program
Montenegro is a small European country; however, it is currently one of the economically safest countries to move to. Montenegro has a stable taxation system and even if it currently is not an EU member state, it is expected to enter the EU by 2025. Montenegro is one of the most appealing non-EU investment destinations in Europe thanks to the low corporate tax rate.
Originally set at USD 1 million, it was reduced to its current rate in 2018. An investment in an approved enterprise project with a minimum investment of USD 3.5 million, plus the creation of no less than three permanent jobs. Alternatively, a joint contribution of USD 6 million , plus the creation of no fewer than six permanent jobs.
Third countries whose citizens are required to have a visa, Ministry of Foreign Affairs of Portugal. If you need assistance in entering the Citizenship by Investment Scheme, please contact us. We also specialize in company formation services in Montenegro if you decide for this option. No, the program guarantees a Montenegro passport within 6 months from the application, provided it is a successful one. Our company registration specialists in Montenegro can offer detailed information on the requirements to be completed in order to accede to this program. Those who want to relocate to Montenegro through the Economic Citizenship Scheme in 2021 will have plenty of benefits among which the fact they do not need to submit any proof of previous business experience.
The type of documents required will vary depending on the source of the investment funds. Grenada’s Citizenship-by-Investment Programme (“CIP”) offers eligible individuals and their families the opportunity to obtain full legal citizenship and passports upon making a qualifying significant investment in Grenada. The citizenship programme is more costly, and Rissik warns that there are some real estate companies selling work permit turkey properties in Montenegro that do not qualify for the programme, so getting the right advice up front is crucial. “One of the reasons this area is so attractive is that the property boom means that you’re likely to get a great return on your investment, independent of the advantages of the citizenship programme,” adds Rissik. Citizenship in exchange for investing in Hotels have become a new trend in recent years.
Montenegro launched its Citizenship by Investment Program in 2019, offering a less expensive citizen option than other European countries. Unlike other CBI options, however, Montenegro is not yet part of the European Union, although this is expected to change in 2025. Nevertheless, the country is a NATO member, and citizens can enjoy visa-free travel to over 124 countries.
The Romanian government also often grants dual citizenship to Moldovans. Any person who is a Mexican at birth may have citizenship of another country. Moreover, the Mexican government requires all dual citizens to enter and leave the country using their Mexican passport. This is why many Kosovars have a unique Serbian passport issued by a special passport office in Belgrade. Many Kosovars have a second or third citizenship in places they migrated to. This is why Kosovo is one of the countries that allow dual citizenship.
- Funds are then debited from escrow accounts to the accounts of the seller and the government automatically, but only after the government decides that the candidate meets the program parameters.
- In return for a $1,000,000 investment into any local real estate, you could get a Turkish passport.
- Given its location in the hurricane-prone Caribbean, be sure to price out homeowners insurance premiums before writing a check to buy property.
- Montenegro is quickly becoming a key destination for investors seeking mobility, security and opportunity for growth.
- Welcome to the page for getting another citizen of GCI where you will meet experts in the area of obtaining another citizenship.
Stick with the residency visa, which allows you the benefits of free travel across the Schengen Area, and save yourself the headache. After five years under an annual temporary residency visa, you can apply for permanent residency. This only needs to be renewed every five years and doesn’t require travel notifications. But keep in mind that the countries with the cheapest residency visas typically either don’t offer citizenship or require nonrefundable fees and “donations,” rather than minimum investments you can receive back.
That year saw large protests in the Montenegrin capital Podgorica and other city centres over a controversial religion law which, according to the Serbian Orthodox Church would end up nationalising its property. This was due a provision that church buildings and estates built before 1918 would be transferred into state ownership. Secure your family’s future with a second residency or citizenship offshore. For EU countries Montenegrin citizens enjoy 90 day stays visa-free, while countries like Peru allow Montenegrin citizens to stay for up to 183 days per year. Montenegro is presently not part of the European Union, however accession looks likely during the next couple of years. In 2010, the EU commission issued a favourable opinion on Montenegro’s application, granting it formal candidate status and identifying 7 key priorities that needed to be addressed.
After all, you’re not just looking to gain a passport but make some money in the process too. 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. The rules differ per country, but essentially, it’s like buying a passport. You will agree to invest a pre-set amount of money into a country and will be granted citizenship in that country in return. 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 is an official future candidate for EU and NATO membership and a full member of UN and WTO organizations.
You can freely enter Europe’s Schengen Area, most South American nations, Russia, and Turkey. The passport, especially, is widely respected and allows you visa-free or visa-on-arrival travel to 122 countries and areas around the world. If you have lived in Montenegro as a legal resident you for a minimum of ten years you may qualify for citizenship through naturalisation. You need to have five years as a temporary resident and five years as a permanent resident. If you are a yacht owner or crew you can apply for temporary residence if your yacht has a berth in a Montenegro marina for more than 90 days.
Montenegro offers citizenship in a scenically beautiful nation with a high quality, yet affordable lifestyle. It has long been a favourite Mediterranean holiday destination for nearby Eastern European nations. Montenegro offers the most affordable CBI program in Europe at a total of EUR 350,000, and comes at about half the price of the other main European contender, Malta. Irrespective of whether Montenegro becomes part of the EU, it is a worthwhile option to consider. Since it gained its independence in 2006, its economy has continued to grow and strengthen at a rapid rate, offering solid investment opportunities. It is often described as the “pearl of the Balkans” for its immense natural beauty along with modern and comfortable living conditions.