Last Call to Obtain Citizenship by Investment of Montenegro
The Montenegro citizenship by investment program, which was launched in 2019, is only effective until 31 December 2021 and will not be renewed, therefore there is no better time to apply for Montenegrin citizenship than right now. Known as the jewel of the Balkans, Montenegro is a perfect destination for investors looking for the opportunity to live in a beautiful and up-and-coming European country. With its strategic location on the Adriatic Sea, steadily growing economy, and high potential for further development, Montenegro focuses on creating a favourable business environment and improving the living standards. The country is on its way to joining the EU in 2025 and has an E-2 Treaty with the US, which enhances its prestige in terms of regional and global competitiveness. Due to these and a number of other benefits, the Montenegrin citizenship by investment program is an attractive value option. It is a fast-track route to obtaining a solid European passport, offering affordable property prices and low tax rates as well as providing visa-free access to more than 120 countries.
The Montenegro citizenship by investment program has been running since 2019, offering qualifying applicants the possibility to travel to more than 120 countries visa-free, freedom of movement within the EU and the Schengen Area, advantageous tax regime, business incentives, and a number of other benefits. There are no physical presence and language requirements and no restrictions on dual citizenship. Moreover, Montenegro has an E-2 Treaty with the United States, which allows applicants and their families to relocate to the US for the purpose of owning and operating a business. It is also worth mentioning that the Montenegrin passport is ranked the 47th top passport in the world.
Under the Montenegrin citizenship by investment program, qualifying applicants are required to make a two-step investment, namely to donate a minimum of €100,000 to the government fund of Montenegro and purchase government-approved real estate from €250,000. Speaking of the real estate requirement, investors must choose one of two options: a property with the value of at least €250,000 located in the northern part of Montenegro, or a property valued at €450,000 located in the southern part of Montenegro or in the capital city. These investment thresholds are among the lowest in Europe, making the citizenship by investment program of Montenegro highly affordable.
The citizenship by investment program of Montenegro has been set for a three-year period and is to expire on 31 December 2021, with the limit of 2,000 applications in total. Unfortunately, it is not planned to relaunch the program after it terminates, therefore granting Montenegrin passports in exchange for investments will be soon ceased. The rest of 2021 is the only available time to apply for citizenship of Montenegro (and the EU in the nearest future).
Since having declared its independence from Serbia in 2006, Montenegro has advanced in social and economic development, earned the status of the most prosperous country of the Balkans, and become a new luxury tourism destination in Europe. Today, Montenegro belongs to the fastest-growing economies around the globe and is a full member of the United Nations, NATO, the World Trade Organisation, and the Central European Free Trade Agreement. It is also on track for EU membership, likely to join the Union in 2025.
Often referred to as “the Gateway to the Balkans”, Montenegro can boast of its strategic geographical location with the direct access to the Adriatic Sea and has the top seaport in the region — Porto Montenegro, which is also home to one of the world’s best yachting marinas. Combining outstanding natural beauty and up-to-date infrastructure, Montenegro is a perfect place to live in, which is highly appreciated by potential investors from abroad.
How to access the Montenegro Citizenship by Investment Program
Would you like to seize the chance of becoming a citizen by investment of one of the most beautiful and promising European countries while is it still possible? Contact us at GLS Private Office today. We would be happy to provide you with a tailor-made solution and guide you during the entire application process.
Not keen on obtaining Montenegro’s passport? We are pleased to offer other available citizenship by investment programs in Europe and worldwide. Find more details on our website and let us know in case you are interested.