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Montenegro Offers Investment Based Citizenship To Pakistanis


Montenegro Offers Investment Based Citizenship To Pakistanis


Montenegro Citizenship Investment

Benefits Of The Montenegro Citizenship By Investment Program Cip For Ceos, Cfos, And Business Leaders

It borders Bosnia-Herzegovina to the northwest, Serbia to the northeast. Following the breakup of Yugoslavia, the republics of Serbia and Montenegro together established a federation known as the Federal Republic of Yugoslavia, which was renamed to the State Union of Serbia and Montenegro in 2003. On the basis of an independence referendum held in May 2006, Montenegro declared independence and the federation peacefully dissolved on 3 June of that year, ending a nearly 88-year union between the two states.

The Montenegrin passport will let you travel to 120 countries without a visa, including the Schengen-zone, since Montenegro is a candidate for EU membership since 2010, and is close to being accepted. Investment in a business, purchase of real estate, or donation to the Government Fund. The government will carry out a strict due diligence on each applicant and receive reports from several due diligence agencies in order to ensure all applicants are of good character. By launching this program, Montenegro is set to redefine its luxury property landscape and to strengthen its position as a key destination in Europe for business and investment. The low investment threshold is bound to make this one of the most attractive prospects in Europe and the process of citizenship is amazingly quick, without compromising on security processes and due diligence.

Holding A Temporary Permanent Residence Permit Means That:

The government encourages business development through several programs it has established, for example awarding onetime financial funds to investors. These are funds to stimulate investment, which the country awards following an open call for Montenegro investment projects. The criteria include a minimum investment value of EUR 500,000 and a guarantee of at least 20 new jobs within three years. There are also free- zones that carry business benefits such as certain exemptions and subsidies for employment. The small Balkan state of Montenegro began its citizenship by investment program in 2019, and since then it has gained great popularity.

You and your family will be able to take advantage of all the perks dual citizenship has to offer, such as world-class healthcare and education. “The programme aims to further accelerate Montenegro’s economic development by creating new tourist, agricultural and processing capacities and creating new jobs,” the government said in a statement. A passport from Montenegro, an Adriatic country with a population of 620,000 which has joined NATO and aspires to European Union membership, allows its citizens visa-free travel to 117 countries. More than two years since it was first announced, Montenegro’s new Citizenship by Investment Program is now officially open! Montenegro has already started EU acceptance procedure and is expected to join by 2025 latest.

Tourist Or Five Star Hotel Investments

Launched in 2013, the Antigua and Barbuda Citizenship by Investment Programme offers four routes to citizenship, including the non-profit National Development Fund and an investment in real estate. Montenegro has launch already its own Citizenship by Investment Turkish staying permit Program in October 2018. The application phase for the Montenegrin Citizenship Program is already beginning. The applications themselves will then be submitted expected, to the Government of Montenegro in Jun / Juli 2019 explains Zirbes, Board Advisor at GCI.

Montenegro citizenship by investment

But since gaining independence in 2006, the tourism industry has grown rapidly. It now accounts for roughly 20% of GDP, strengthening the economy and stabilising politics in the region. Montenegro’s economic success has caught the eye of European Union, and the nation is now an official candidate for EU member status. These provisions of also apply to a person who was married to a Montenegrin citizen for at least three years, and the marriage has ended with the death of a spouse. Child referred to can also lose Montenegrin citizenship at the request of both parents.

Family Security

Thus, in addition to visa-free travel in the Schengen countries, all citizens of Montenegro will soon have the opportunity to reside, study and work in the EU. 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.

The United Kingdom is one of the countries that has the quickest golden visa scheme. Moreover, various other Golden Visa schemes in Europe usually take around 3-4 months. Saves your cost and time – More often, people think that paying the consultant wastes a lot of money and does not promote an outcome. If you make any mistake in your application, you may have to redo the entire process again. That is why having a visa consultant like Flying Colour will save you from unnecessary delays and endless hassles and procedures. All you have to do is prepare and pay a one-time fee to us, and we will speed up everything and do a periodic check on government agencies for you.

See The Best Citizenship By Investment Program For Crypto Investors

Keep in mind that your first deposit of $560,000 will be returned entirely to you. This means that the overall investment will be a meager $560,000 in exchange for a European passport. However, you’ll be able to get your European passport and citizenship within just six months.

Montenegro citizenship by investment

For advisory fees charged by My Global Citizenship™ and exact quote based on your family combination, please contact us. The country’s application carries broad approval among other EU members, and accession is considered to be possible by as early as 2025. By 2016, the European Commission deemed that Montenegro was the most prepared country among prospective member states.

Our application analysts will guide and advise you throughout the process of document collection. To comply with internal KYC policies, your application analyst will require clear copies of all applicants’ passports, and a CV for the principal applicant. Foreign investors and family members will need to meet specific criteria in order to qualify for the Montenegro Citizenship by Investment Program. All applicants must be of excellent health, outstanding character and have a clean criminal record. The Montenegrin passport brings visa-free access to over 122 countries, including Europe.

  • According to the World Bank, Montenegro ranks 50th in terms of “Ease of Doing Business” and it has one of the fastest growing economies in the Balkans.
  • Revoking citizenship means also passport is revoked which could lead to statelessness.
  • This investment is enough for a family to become citizens and financially dependent children included without age restrictions.
  • Here, the example can be the USA’s EB-5 Visa Programme, where you can learn about passive investment, which leads to PR.
  • Budva remains an attractive option for investors, with over 1,000 units changing hands in 2018 alone.

There’s no requirement to be resident or physically present in the country, which many other citizenship-by-investment programmes require. You also don’t have to pass a language test, sit through an interview or renounce your current citizenship. My name is Ekaterina Nikitina and, on my channel Nikitina expert, I talk about overseas property and meet with international real estate experts all over the world. 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.

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We work with law firms and real estate developers in Montenegro specializing in economic citizenship program. In introducing their Citizenship-by-Investment Programme, the Montenegrin government will generate investment to fast-track a number of luxury property developments. In return, successful applicants of the Montenegro Citizenship-by-Investment Programme will receive a powerful passport that allows holders to travel visa-free to over 120 countries. Montenegro’s citizenship by investment program is one of the best value options for a second passport right now. The program was meant to include the families of those who pay this sizable price tag.

Montenegro citizenship by investment

Your application is our top priority, we guarantee the fastest processing time. Family members include a married spouse, applicant’s children who are 18 or above but dependent on the applicant. Also applicant’s children under 18 years of age who can acquire Montenegrin citizenship once of the age. Moreover the applicant has to pay government fees of EUR 100,000 per application, which goes to a special fund for the advancement law firm istanbul of underdeveloped areas. Montenegrin citizenship for the current year will allow you to live in Montenegro and travel without a visa to all EU and Schengen countries with the ability to stay up to 90 days in half a year. The Portuguese residence permit will need to be renewed 3 times in 5 years .Citizenship in general as a status and citizenship of Montenegro is a permanent status that is virtually impossible to revoke.

Citizenship by investment programs also allow you to pass on your citizenship to your children and this is a benefit that residency by investment programs do not offer. Most programs do not require investors to live or move permanently in the country. This means that investors can secure a better future for their spouse and children. Second citizenships offer access to world-class health care, education and an improved lifestyle.

Montenegro citizenship by investment

They provide a professional, concierge service for cross-border financial and immigration advice and solutions. Real Estate Investment is known as the best options for applying for citizenship. Under this program, applicants are investing in the real estate property approved by the government. In Montenegro Citizenship by Investment model, special citizenship is granted with a donation to the government of EUR 100,000 and an investment of EUR 250,000.

Montenegro citizenship by investment

One of the natural steps after obtaining a permanent residence permit in Montenegro is to become a citizen of this country. Under the regular conditions, the Montenegro citizenship can be obtained after living here for 10 consecutive years here based on the renewal of the residence permit. The StartUp Visa scheme is one of the most successful programs launched by many European countries which is also available in Montenegro for some time now. Often compared to residency by investment, this scheme has one important advantage over it and that is the lower investment requirement.

The ability to include the spouse and children under the age of 18 in the main application, with the capability to add dependent children who are over the age of 18. It is located in South-eastern Europe, bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast, Kosovo to the east, and Albania to the southeast. It has a total area of 13,812 square kilometers, and a population of about 650,000 people. The capital is Podgorica and Montenegrin is the official language, the currency is Euro, and it is symbolized by €. It should be noted that Montenegro is a parliamentary democratic republic.

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’s another advantage to being a resident or citizen of Montenegro. For example, US citizens can stay without a visa for a maximum of 90 days but then need to leave. You could leave and return every 90 days but this is a short term solution. 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.

Montenegro citizenship by investment

Dominica started its program back in the 1990s and has earned itself the title of offering the best value passport out there. There was immense competition among the Caribbean CBI programs in 2020 as the global COVID-19 epidemic grounded most of the world’s planes and left the tourism-dependent islands stranded and hurting for cash. We were clear from the beginning that this program targeted mostly Arabs seeking an Islamic safe haven, but the price reduction has certainly made it interesting to more people. Or, if you would rather skip the investment amount altogether, you can also hire fifty Turkish citizens to qualify.

Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. If you are not ready to commit to full citizenship programs, check out our list of top country residency programs.

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