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How Can I Get Montenegro Citizenship? What Are The Benefits?

citizenship by investment

How Can I Get Montenegro Citizenship? What Are The Benefits?

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Legal Citizenship By Investment For Montenegro

Why East Africans Should Consider Citizenship By Investment

The Montenegro CIP requires applicants to make a non-refundable government fund contribution of €100,000, along with a government approved property investment of either €250,000 or €450,000 in the south of the country. Thanks to the many options foreign citizens can choose between when deciding to apply for citizenship by investment in Montenegro, in 2021 the program represents one of the best options for those seeking to relocate to Europe. Then, the applicant must also deposit 100,000 euros for the development of projects in underdeveloped regions, which are established under the Law on Regional Development.

  • Lyza is a native of Leyte who spent 10 years studying and working in Cebu before working for Two Monkeys Travel.
  • As a means to encourage economic growth, the Immigrant Investor Programme offers families access to Irish residency in exchange for an approved investment in the country’s rapidly growing economy.
  • Apartments around the town are on the market from EUR 100,000 for single-bedroom units.
  • E-2 visas is one of the better alternatives to EB-5 for HNWIs, who do not want to immigrate to US, periodically visit US for business and tax planning.
  • As of 1 January 2017, Montenegrin citizens had visa-free or visa on arrival access to 123 countries and territories, ranking the Montenegrin passport 45th in terms of travel freedom according to the Henley visa restrictions index.
  • Make a mandatory donation of €100,000 to Montenegro’s Government Development Fund — a fund designated for development projects in Montenegro.

Sign-up and receive the latest Panama news and articles on relocation, immigration, and real estate. €450,000 investment into an already developed area of the country in the south. As a young state, it truly offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life. One of the key features of the Montenegro Citizenship by Investment Program is its investment policy, whereby non-EU citizens can obtain Montenegro citizenship by making specific investments.

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As a result, Cyprus closed the program on November 1, 2020, and Malta and Bulgaria revised the conditions in accordance with the recommendations of the European Commission. €250,000 if a development project is located in the underdeveloped Turkish work permit areas of Montenegro, namely in the northern and central regions of the country. Affordable investment in your future with fast processing time and flexible terms. The Golden Passport program has been operating in Montenegro since 2019.

Montenegro citizenship

The spouse of the principal applicant, their children under 18 years of age, and parents may also apply for a passport. The paperwork takes up to six months, and citizenship is then issued for life. It is worth noting that in recent years more and more wealthy investors are receiving their second passports in exchange for investment. According to the 2019 Global Wealth Migration Review, 108,000 dollar-millionaires migrated in 2018, compared to 95,000 in 2017.

How To Value A Passport And Citizenship

Antigua and Barbuda ranks as number 76 out of 198 passports in our passport ranking. A single applicant will pay $287,500 and hold the bonds for five years. That means there’s a possibility to recoup some of the money after the holding period is over. But now, thanks to the virus and the economic collapse around it, countries are starting to slash prices even further. Members of Total Access, our highest level of membership, can get passports from all five Caribbean CBI programs EVEN cheaper today.

Montenegro citizenship

In case of approval, the applicant is invited to proceed with the investment. All applicants must be in excellent health, be of outstanding character, and have a clear criminal record. The total number of application slots will be capped at 2,000 for a period of 3 years, starting on 1 January 2019. This makes it essential for investors serious about establishing a footprint in a low-tax European jurisdiction to move fast. A proud member of the UN, NATO, WTO and is in the process of joining the EU.

Ntl Trust Webinar About The Turkish Citizenship By Investment Program

Therefore holders of the Montenegrin passport have the possibility of gaining an EU passport in the future. A candidate may apply with his family and in rare cases grandparents or dependent elderly parents. In this article, we would like to share with you why we think Montenegro Citizenship is a perfect investment option for you and why you should buy it. Budva during the summer becomes the “capital” of Montenegro and without exaggeration, it can be said that the entertainment in this city never stops.

Montenegro citizenship

The end result depends on the location of the property, class of real estate, distance from the sea and other factors, which are more than 12. The Montenegrin passport allows visa-free travel to 125 countries of the world. Montenegro is a member of NATO, in the near future it can become a member of the EU. Then, in addition to visa-free travel to the countries of the Schengen zone, all citizens of Montenegro will also be able to live, study and work in the EU. First of all, the applicant and his family members specified in the application undergo Due Diligence.

Some countries offer passports that allow visa-free travel to a few dozen countries, which excludes North America, Europe, Australia, etc. Depending on the country, the investment amount can vary from just over $100,000 to over $2.5 million , plus applicable processing and due diligence fees. Obtaining a second passport Turkish citizenship 250.000 USD could be one of the best investments you’ll ever make. It offers the lifelong benefit of having more options for living, traveling, doing business, investing, and potentially even saving you a fortune in taxes. We are the world’s leading experts in advising foreign investors on Citizenship & Residency by Investment.

Montenegro citizenship

It is important to know that for the moment, only 2,000 applicants will be admitted to the program. Also, the residence permit by investment can be obtained in a very short period of time which can take up to 3 weeks. Based on this program, the applicant can receive a within 6 months. The Montenegrin government announced the launch of its investment program in the summer of 2018 as a second attempt to grant Montenegrin citizenship to foreign investors in exchange for their contribution to the country’s development. People all over the world have really taken notice of second passport programs, probably because they feel like they need a safe haven to escape to, a ‘Plan B’ so to speak.

The good news is that this seems to be the case only in the Caribbean and Vanuatu, as all other countries do allow the passing down of citizenship indefinitely. In St. Lucia, for example, you used to have to pay an extra $25,000 to obtain citizenship for your newborn child, even if you became a citizen a while ago. Most programs in the Caribbean do allow your direct descendants to obtain a passport, but usually only after they pay a hefty fee. There is usually just a trivial fee of around $100 involved for applying for a passport booklet. With many Citizenship By Investment programs, passing your citizenship down to a future generation is not easy.

Montenegro is the smallest ex-Yugoslav Republic country but one of the most beautiful and promising, having a wide range of investment possibilities with outstanding geographical diversities and landscapes. The vast influence of different cultures such as Venetian, Byzantine, Turkish, French and the stability of political environment are completing the whole attraction package of this country. Climate is also very friendly, typical for southern Europe with warm summers and mild winters.

Is Citizenship By Investment Right For You?

Investors required to buy a room in this hotel is EUR 290,000 inclusive of all costs including citizenship and passport for family members. There is a variety of real estate investment opportunities worldwide. AIM Capital Partners can assist clients during the investment process for all citizenship applications. The company will recommend clients products that will yield the best returns. AIM Capital Partners offers a variety of citizenship and residency programmes.

Montenegro citizenship

Any person who can prove their Italian ancestry may become naturalized. You don’t need to renounce your existing citizenship if you obtain second citizenship in Italy. Much like Bulgaria, Croatia’s dual nationality law is a bit complicated. Ethnic Croatians, who obtained citizenship through birth or by descent, are allowed to have another citizenship. However, you can’t obtain Croatian citizenship without first renouncing any other citizenship.

There are about 20 countries that offer investor immigrant programs, learn more about all the countries in our article on citizenship by investment. Anyone with Malaysian citizenship, however, may not have dual citizenship. Spain’s Golden Visa program allows you permanent residence in Spain in exchange for an investment. It can also count as a citizenship by investment program as it may lead to citizenship. Additionally, the government in South Korea does not allow its adult citizens to pursue a second passport.

In January 2017, Turkey introduced an economic citizenship program in an effort to prop up their beleaguered economy. This was shortly after the Turkish lira plunged to an all-time low against the US dollar and ongoing acts of terrorism had driven Istanbul real estate sales to fresh lows. If you want to bypass all this and secure yourself a second passport in as little time as possible, you’ll need a citizenship by investment program.

Montenegro citizenship

€3.5 million in fisheries and processing products + employ 20 people. 3Russia is included as a European country here because the majority of its population (80%) lives in European Russia. 4These countries span the conventional boundary between Europe and Asia. 8Part of Norway, not part of the Schengen Area, special open-border status under Svalbard Treaty.9Part of the Kingdom of Denmark, not part of the Schengen Area.10 Egypt spans the boundary between North Africa and the Middle East. Consular information and travel visa, Ministry of Foreign and European Affairs of Slovakia. Countries whose citizens may enter Latvia without a visa, Ministry of Foreign Affairs of Latvia, 9 October 2017.

Montenegro citizenship

Review of application, documents, source of funds, All background checks will be carried out as required. Porto Montenegro is located in the hidden bay of Kotor in the Mediterranean staying permit turkey sea. The place is known for its beauty and landscape with a lot of Cobalt around. The country boasts of peaceful Urban living with a lot of attractive luxuries one could imagine of.

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