Montenegro decided to extend its top-rated Citizenship-by-Investment program until the end of this year. Although this decision was somewhat unexpected, it cannot but rejoice all those who want to obtain a passport of this country.
In 2021, Montenegro CBI Program generated tremendous interest. It also played a big role in bringing foreign direct investment into the country.
Unfortunately, there are no official statistics regarding government applications, but professionals in the field estimate the total number to be around 700 applications, only in 2020. It is also important to note that 2022 brings new rules to Montenegro CBI Program. So, what changed in the current year for high-net-worth individuals?
What changed in 2022 for Montenegro?
“In the next month, all investors that already requested citizenship must submit to the Government a bank guarantee – in the amount of 50 per cent of the investments prescribed by the program. All new applicants must pay 100,000 euros to the state budget and another 100,000 for regional development,” the government said.
So now the contribution amount is €200,000. Earlier it was €100,000. The CBI agencies believe that the increased price would not be a deterrent factor for those who want to get Montenegro’s citizenship.
Furthermore, all previous applicants should submit a bank guarantee – 50 percent of their investments.
It is well known that Russian and Chinese are absolute leaders in a number of applicants who wish to have second citizenship in Montenegro.
Benefits of Montenegrin Citizenship
- Fast processing, citizenship issued in 2-3 months
- Montenegro is expected to join the EU in 2025
- No requirement to reside in the country or know the language
- Dual citizenship is allowed
- Visa-free travel or visa upon arrival in more than 125 countries, including the EU & Schengen countries, Hong Kong, South Korea
- An opportunity to get an E2 visa for the USA
- Enjoy the beauty of the Adriatic Coast
- One of the lowest capital gains taxes in Europe — 9%
In further considering the issue of taxes, it is important to say that income tax is 9%, and VAT is 19%. However, for basic commodities, the VAT is reduced to 7%.
Investment options
Make a contribution to the government fund – €100,000, and then invest in real estate
The properties should be approved by the government. The list of properties mainly includes ski resorts and resort complexes.
Important note: there is also a government fee of EUR 100,000 per application.
To find out more on the terms and conditions of investing in Montenegro, please visit the page with more detailed information migronis.com/en/citizenship-of-montenegro
Real estate option
Generally, properties in Montenegro are divided by region. So, if you want to get Montenegrin citizenship, you can choose from the following:
North of the country:
- Bianca Resort and Spa
- Hotel Breza
- Durmitor Hotel and Villas
- Bjelasica 1450
South of the country:
- Boka Place
Boka Place: penthouse in the new favorite hot-spot for rich and famous + EU passport
Boka Place: one of the most prestigious lifestyle projects in Montenegro owned by the Investment Corporation of Dubai (ICD). This fast-growing, forward-looking investment firm manages Dubai World Trade Centre and Emirates and Flydubai airlines.
This is ideal for people who want to obtain Montenegro citizenship and invest in a reliable project.
So, you can consider this option. And get in touch with us if you cast an eye on this property.
If you are interested in getting Montenegrin citizenship, do not hesitate to contact our experts for a free consultation!
