Brookes & Partners

Montenegro

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About
Montenegro

Situated in Southeastern Europe and bordering Croatia, Serbia, Kosovo and Bosnia-Herzegovina, Montenegro is one of the most recent countries to launch a citizenship by investment programme. The country boasts one of the fastest growing economies in the Balkans, and is already becoming a preferred destination for investors seeking greater global mobility, security, and a superior quality of life.

Capital

Podgorica

Time To Citizenship

3 to 4 Months

Total Area

13,812 sq km

Population

631,219

Currency

Euro

Exchange Rate

1 USD = 0.92 EUR

About The Program

Situated in Southeastern Europe and bordering Croatia, Serbia, Kosovo and Bosnia-Herzegovina, Montenegro is one of the most recent countries to launch a citizenship by investment programme. The country boasts one of the fastest growing economies in the Balkans, and is already becoming a preferred destination for investors seeking greater global mobility, security, and a superior quality of life.

Its citizenship programme enables applicants, their spouse and  dependent children under the age of 18 years  to apply for citizenship. Residency status can be obtained in as little as 4 weeks, with citizenship approvals being processed in under 6 months. 

 The Montenegro passport offers the bearer visa-free travel rights to 122 countries, along with enhanced acess to investment opportunities across Europe. In addition, it is expected that Montenegro will join the EU through accession by as early as 2025, making the attainment of Montenegro economic citizenship a highly attractive proposition in the medium term.  
 

  • The program is open to ALL Nationalities
  • Visa-free travel to EU countries within the Schengen area, Bulgaria, Croatia, Romania, Russia, Turkey and many other countries
  • An E-2 Treaty between Montenegro and the United States allows citizens of Montenegro to reside and work in the USA under an E-2 Investor Visa Program. (Keep in mind it is a 2 year Visa, whereas Grenada (Hyperlink) is the maximum period of 5 years)
  • Fast procedure Approval of citizenship is approved within 3-4 months
  • Dependents under the age of 18 years of age are granted citizenship with main applicants
  • The programme has no language requirements
  • There is no obligation to relinquish current nationality
  • The Montenegro government does not notify your home authorities regarding your new citizenship application
  • Montenegro is a candidate country for future expansion of the EU, and is expected to join the EU by 2025
  • Montenegro has no tax on inheritance, gifts and payments from life and property insurance
  • The Montenegro passport offers global mobility, with visa-free access to 122 nations
  • Strategic geographical location in Europe, with direct access to the Adriatic Sea
  • This passport is insurance for you and your family against unexpected personal, political or economic concerns.
  • The program is based on the law and is guaranteed by the Montenegro government

The Citizen by investment program of Montenegro was officially announced of new economic citizenship scheme on Oct 1, 2018 for foreign investors. The decision came into force on 1 January 2019, and will apply until 31 December 2021.

The programme’s investment requirements include the acquisition of a hotel property in a government approved off plan development worth €250,000 or more in an undeveloped region of the country, or worth €450,000 or more in a developed region. In addition, the applicant must make a government fund donation of €100,000 in order to qualify.

Eligibility Criteria

The Main Applicant:

· Must be at least 18 years old

· Have a clean criminal record

· Must be a Non-EU national

Citizenship can be granted to the entire family which includes the spouse, children & dependent children over 18 years old.

 

Investment

Brookes & Partners will prepare a real estate portfolio from the 4-6 Approved Project open for Investment for you to review and guide you on the best option for your personal circumstances and needs. Properties range from smaller residential units to upmarket luxurious developments in off plan hotel projects. We will assist you through-out the property acquisition phase.

 

Timeline:

Month 1 – 2

Document Preparation

Brookes & Partners will provide you with a detailed checklist of all the documents required for the purpose of the application. We will guide you through the process and ensure that all the supporting documents are correct and compliant with Montenegro’s required standards.

 

Investment Contribution

The client will be required to transfer all contributions & investment amounts into a Government escrow account.

 

Submission

The completed Montenegro citizenship application together with all the supporting documents is submitted to the program administrator. Once the application is submitted, government due diligence & the processing of the application begin. The process takes approximately 3 months to complete

 

Month 3

Approval

Once the government due diligence process has concluded & the application reviewed, an approval is granted. The funds paid into the Government approved escrow account are then released.

The client will then be issued with their Citizenship Certificates.

The Montenegro Passports will be issued and will be couriered to Brookes & Partners. We will then arrange for your Citizenship Certificate & Passport/s to be delivered to you in the most secure way.

ASIA
Bangladesh, Cambodia, Hong Kong (SAR China), Indonesia, Laos, Macao (SAR China), Malaysia, Maldives, Nepal, Philippines, Singapore, Sri Lanka, Timor-Leste

EUROPE
Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Vatican City

AFRICA
Botswana, Cape Verde Islands, Comores Islands, Egypt, Gambia, Guinea-Bissau, Kenya, Lesotho, Madagascar, Malawi, Mauritania, Mauritius, Mozambique, Rwanda, Senegal, Seychelles, Sierra Leone, Somalia, St. Helena, Tanzania, Togo, Uganda, Zambia,

OCEANIA
Cook Islands, Fiji, French Polynesia, Micronesia, New Caledonia, Niue, Palau Islands, Samoa, Solomon Islands, Tuvalu, Vanuatu

CARIBBEAN
Antigua and Barbuda, Bahamas, Barbados, British Virgin Islands, Cayman Islands, Dominica, Dominican Republic, Grenada, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines

AMERICAS
Belize, Bermuda, Bolivia, Costa Rica, Ecuador, Nicaragua, Panama, Peru

MIDDLE EAST
Armenia, Iran
 

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