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Montenegro in the Heart of Europe. Citizenship Investment Program from EUR 350,000.

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Montenegro is set to become another European territory offering a citizenship by investment program (CIP), following the examples of EU countries such as Malta, Cyprus and Moldova. With a minimum investment of EUR 350,000, applicants will be able to gain permanent residence within 3 weeks of the application’s submission, and citizenship within 6 months thereafter.

Montenegro is NATO member and EU Candidate with population of approximate 620,000 people and has great fascinating landscape and seaside to attract High Net Worth Individuals from over the world. Based on UN WTTC statement its “Fastest growing travel and tourism economy in the world for the next ten years”.

Capital City is Podgorica, where lives 30% of population of Montenegro. Podgorica is the main crossroad of the country, it’s close to ski centres in the north and resorts on the Adriatic Sea.

Investment Options

International investors are required to make a government contribution of €100,000 to a special fund for the advancement of underdeveloped areas, and to invest in government approved real estate projects in the country to the minimum value of €250,000. Total capital requirements must equate to €350,000 when buying property in an undeveloped region, and to €550,000 in a developed region of Montenegro.

1. Investment from €350,000

• €100,000 – non-refundable contribution in the form of a government fund donation
• €250,000 – real estate investment in an undeveloped region (northern and central regions of Montenegro, excluding Podgorica)

2. Investment from €550,000

• €100,000 – non-refundable contribution in the form of a government fund donation
• €450,000 – real estate investment in a developed region (South of Montenegro, capital of Podgorica and the coastal regions)

Montenegro has now come up with formal requirements that apply to CIP applicants investing in agriculture, fisheries and wood processing:

The investment should be made in the primary production or processing of agricultural products (EUR 2,000,000), fishery products (EUR 3,500,000) or wood processing (EUR 4,000,000).

The project should employ at least ten people in primary production of agricultural/fishery products, at least twenty in the processing of agricultural/fishery products, or at least twenty in wood processing.

The project must stick to the subsidies authorised by the Montenegro government policy and EU pre-accession funds and cannot be subsidised by international funds.

The Montenegro government reserves the right to select projects based on many factors.

Mann’s Solutions is international immigration advisory firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas & Immigration by Investment services to our clients.

FREE CONSULTATION FROM IMMIGRATION LAWYERS IN LONDON

You can request 15 minutes free consultation from our immigration lawyers; it will be conducted over the phone only.

Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).

For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

 

 

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