A donation is not unusual when it comes to CBI programs and other jurisdictions. Finally, it launched on January 1st, 2019. The steps that you must take are the following: 1. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. This is a limited economic citizenship scheme to 2000 applicants. 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. Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. Malta is the only citizenship by investment program that sells access to both the European Union AND the borderless Schengen Area. A donation is not unusual when it comes to CBI programs and other jurisdictions. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. Montenegro Citizenship by Investment FAQs, Taiwanese Visas and Citizenship: the Ultimate Guide, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. Montenegro has everything from stunning beaches to forests to ski resorts. Take the money you save and invest overseas to earn higher returns than at home. https://www.artoncapital.com/global-citizen-programs/montenegro 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. It might not be an island like most other countries running a CBI program, but in a sense, Montenegro is similar. If we know anything about the Balkans, it is that things tend to move slowly here. For instance, the Queen’s Beach Hotel in the Budva riviera and Hotel Durmitor in the north. Option 2 – Southern Real Estate Investment. 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. And, with more than a dozen programs to choose from, how does Montenegro’s program stack up? Montenegro is not a member of the EU yet, but it’s predicted to join by 2025. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. An alternative here would be to buy whichever property you’d like and aim to become a permanent resident. Your email address will not be published. And if you want to invest in the capital of Podgorica instead, you will also need to invest the €450,000 amount. In other words, you will be able to sell it after a holding period of five years. No language tests, No business experience. Expected date to join the EU is 2025. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. MONTENEGRO Citizenship by Admission Program: Program start date January 2019: Investment Type (Proposed) Touristic Hotel Investments. 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. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. 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. The idea of potentially giving up yo… You simply have to apply, make the investment, and obtain your passport. A problem growing numbers of tourists and foreign investment otherwise tourists and foreign investment, and grandparents exist. 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