Montenegro is a relatively young state in the southeastern part of Europe. Today, the country is a member of NATO and has the status of a candidate for EU membership. Among other states in the Balkans, Montenegro has one of the fastest-growing economies.
Since 2018, foreigners can obtain a Montenegrin passport through investment in development projects from 250,000 and a donation to the state in the amount of 100,000 euros, not including additional commission costs. The result will be the citizenship of an EU candidate country, which allows you to enjoy visa-free entry to almost 130 countries, low-income taxes, and profit from investments in so far cheap real estate.
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Benefits of a Montenegrin passport by investment
All investments must pay off, and investment in citizenship is no exception: https://immigrantinvest.com/montenegro-citizenship-en/. What are the Montenegrin citizenship benefits behind the required hundreds of thousands of euros?
- Holders of a Montenegrin passport enjoy all the delights of a visa-free regime that works in the Schengen countries, Singapore, the United Arab Emirates, Hong Kong, and other countries. The list of visa-free countries for Montenegro citizens is quite large, which makes the Montenegrin CBI a worthy alternative to the Vanuatu investment program.
- A very important advantage of citizenship is the possibility to obtain an E2 business visa for legal residence in the United States.
- Tax residence allows you to pay only about 10% of income tax. This is a very low figure. Moreover, the state has no taxes on capital gains, inheritance, wealth, and global income.
- Obtaining citizenship of the country is quite simple since there is no need to live in it.
- Montenegro dual citizenship is absolutely legal.
- According to an expert in the field of investment immigration Elena Ruda (Immigrant Invest Agency), the price of real estate in Montenegro is still very low compared to other European countries. However, after the full accession of the state to the EU, the value of real estate can grow significantly. This adds to the list of pros of the Montenegrin passport for foreigners who wish to invest in such projects in the country.
- Membership in the EU will give an additional bonus to the development of tourism, which is rapidly recovering from the Covid-19 pandemic. Investment in real estate will generate passive rental income.
Requirements for an applicant for citizenship
In addition to investments and related documents, the applicant must meet the following criteria:
- Minimum age – 18 years
- No health problems
- No criminal past
- Have confirmation of the origin of capital
Necessary investments for obtaining Montenegrin citizenship
The government can award the status of a citizen of the country only to those who take a sufficient part in the development of the state’s economy. Therefore, all foreigners wishing to enjoy the benefits of a Montenegrin passport must fulfill the following conditions:
1) Invest at least 250,000 euros in development projects in underdeveloped areas in the north of the country, which are pre-approved by the government. The alternative is to invest at least €450,000 in approved development projects in developed areas in the south of the country.
2) Donation to the ESCROW account in the budget of the underdeveloped territories in the amount of 100,000 euros.
Additional Fees for Citizenship Candidates
For applying for a Montenegrin passport, you must pay the appropriate fees:
- One applicant = 15,000 + 7,000 euros
- Each family member = 10,000 euros (no more than 4)
- Fifth and subsequent family members = 50,000 + 1,500 euros each
- Additional 10000 for a family of up to 4 members
Documents required for applying
- Application form for citizenship
- Birth certificate (original)
- Marriage certificate (original)
- Notarized copy of the passport
- Health insurance policy valid in the territory of Montenegro
- A statement describing the source of funds for investment
- Medical report
The pros of CBI in Montenegro will definitely interest many foreign investors. The prospect of becoming a citizen of a country that will become an EU member state in the future is worth considering in itself. The legality of Montenegro dual citizenship allows you to keep your native passport.
Current real estate prices in the country can be an excellent foundation for passive rental income or future appreciation and resale. The climate, geographic location, and access to the Adriatic Sea open up many opportunities, from running a maritime business to regularly relaxing on the beach. All of the above makes the CBI program in Montenegro one of the best options for obtaining citizenship by investment.
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