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Montenegro

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COUNTRY PROFILE
• Capital: Podgorica
• Population: 633,000
• Area: 13,812 sq km (5,333 sq miles)
• Major language: Serbian, Montenegrin
• Major religion: Christianity, Islam
• Life expectancy: 73 years (men), 77 years (women)
• Currency: Euro
• Exchange Rate (as of May 2018): US$ 1.00 = 0.88 EUR

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Montenegro emerged as a sovereign state after just over 55% of the population opted for independence in a May 2006 referendum. Montenegro, which means “Black Mountain”, borders Croatia, Bosnia, Serbia, Serbia’s breakaway province of Kosovo and Albania. A NATO member, Montenegro is on the agenda for future enlargement of the European Union by 2025. It already uses the euro as its currency and is in the process of integrating EU legislation into national law. According to the World Bank, Montenegro is one of the fastest growing economies in the Balkans and is quickly becoming a key destination for some of the most important industries around the world due to its strategic position. As a young state, it truly offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life. After years of consideration, in 2018 Montenegro finally decided to join the ever-expanding list of countries seeking to attract foreign direct investments through citizenship by investment programs. Effective January 2019 this program is available for up to 2,000 applicants from non-EU countries (with no restricted list of countries), for a limited period of 3 years. At a starting investment of €250,000 in your own Govt. Approved CBI Property & a €100,000 one-time non-refundable Government Contribution, Montenegro’s program is one of the most competitive CBI Program in Europe. What makes the program even more attractive is its application speed, which allows permanent residence status within 3 weeks without undermining thorough due diligent processes. Citizenship is then granted within a period of 6 months as permanent residents. No Minimum stay or Relocation Requirements. The Montenegrin passport is currently ranked 37th in the world by ”The Passport Index” (www.passportindex.org) allowing citizens visa-free travel to 117 countries, and is expected to grow significantly following EU accession.

Type of Program Citizenship by investment.
Type of Investment’s

Investment in Real Estate & Government Donation as detailed under:

EUR 250,000 in undeveloped areas (north of country)

OR

EUR 450,000 in developed areas (south of country)

(Both investments to be held for 5 years)

PLUS: EUR100,000 Donation to Government

PLUS: Government Processing Fee as under:

Main Applicant:                                                       EUR 15,000

Each Dependents Fee – Up to Max 4 people:    EUR 10,000 each

Each Dependents Fee – More than 4 people:    EUR 50,000 each

Minimum Investment

EUR 250,000 Investment in Real Estate in undeveloped areas (north of country) for 5 years & EUR100,000 Donation to Government

PLUS: Government Processing Fee as under:

Main Applicant:                                                 EUR 15,000

Each Dependents Fee – Up to Max 4 people:  EUR 10,000 each

Each Dependents Fee – More than 4 people:   EUR 50,000 each

Minimum Stay NONE.
Capital Gains Taxes 9%
Personal Income Taxes 9%. NONE if non-resident.
Business & Corporate Taxes 9% of net profits.
Property Taxes  No
Processing Time 6 months.
Dependent Age
Maximum Dependent Children Age is 18 years. Minimum Dependent Parents age is 55 years.
Restricted Nationalities NONE.
Visa Free Travel 117+ Countries

 


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