Montenegro
Citizenship By Investment Program
Montenegro, a small Balkan country located on the Adriatic coast, has been a popular tourist destination in recent years due to its stunning natural beauty, rich history, and unique culture. It has also become a popular destination for foreign investors looking to obtain citizenship through investment. Montenegro offers several government programs that allow individuals to obtain Montenegrin citizenship in exchange for investments in the country's economy.
The country offers several benefits to those who become citizens. One of the most significant benefits of Montenegrin citizenship is the ability to travel freely throughout the European Union (EU) and the Schengen Area. Montenegro is not currently a member of the EU, but the country is in the process of joining. Montenegrin citizens will have the right to live and work in any EU country once Montenegro becomes a member. In addition, Montenegrin citizens can travel to many other countries without a visa, including the United States, Canada, and Australia.
Key Facts
Minimum investment: €450,000
Time to Citizenship 4-6 months
Time to Residency 4-6 months
Favourable tax treatment
The right to reside in Montenegro
The right to travel within the Schengen Zone
Physical presence not required
Visa free travel to 123 countries
Benefits of the Citizenship by Investment program in Montenegro
Real Estate
Access to an established and stable property market, offering a large selection of quality property with investment options across the Europe.
Travel
Visa-free travel to the 26 Schengen countries in Europe including Switzerland, as applicable for all Montenegrin residents and citizens. Visa-free travel to 123 countries worldwide.
Quality of Life
Montenegro has excellent quality of life, coupled with favorable tax regimes. Additional, the country offers an excellent healthcare and education system.
Landscape
Live in a beautiful country where mountains meet the sea & business meets holidays on a daily basis.
Destinations
Easy access to all the major cities in Europe, the Middle East, and North Africa via direct flights within a short distance, operated by leading, low-cost airlines.
Work Permit
Once you have your residence permit in Montenegro, you may apply for a work permit and begin working.
The path to Citizenship in Montenegro
Montenegro offers several government programs that allow foreign investors to obtain citizenship through investment. The most popular program is the Montenegro Citizenship by Investment Program, which was launched in 2019. Under this program, foreign investors can obtain Montenegrin citizenship by making a minimum investment of €250,000 in approved real estate projects in the country's underdeveloped northern region. Investors must also pay a non-refundable fee of €100,000 to the Montenegrin government.
Another program that allows investors to obtain Montenegrin citizenship is the Montenegro Economic Citizenship Program. Under this program, foreign investors can obtain citizenship by making a minimum investment of €450,000 in an approved development project in the country. Investors must also pay a non-refundable fee of €100,000 to the government.
The third program that allows foreign investors to obtain Montenegrin citizenship is the Montenegro Special Investment Program. This program is designed for investors who are looking to make a significant investment in the country's economy. To qualify for this program, investors must make a minimum investment of €500,000 in an approved project in the country. Investors must also pay a non-refundable fee of €100,000 to the government.
Montenegro CBI Program Application Requirements
Conditions that must be satisfied for the application and thereafter are as follows:
General Requirements
Investors must both make a donation and an investment in real estate.
Government Donation
€100,000 non-refundable contribution to the state budget and another €100,000 donation to fund regional development.
Real Estate Investment maintained for at least 5 years
€450,000 investment in development projects in Podgorica or coastal regions
OR
€250,000 investment in development projects in northern or central Montenegro, excluding Podgorica.
Processing Fees
€15,000 for the primary applicant.
€10,000 for each dependent up to four additional dependents.
€50,000 for each dependent after the fourth.
Tax Benefits
For individuals, Montenegro has a flat personal income tax rate of 9%, which is one of the lowest in Europe. In addition, residents of Montenegro are not required to pay taxes on income earned outside of the country, making it an attractive location for those seeking to work remotely or for expatriates.
For corporations, Montenegro also offers one of the lowest rates in the region - a corporate income tax rate of 9%. In addition, the country has implemented a number of tax incentives to encourage foreign investment, including a 0% corporate tax rate for companies engaged in tourism, agricultural production, and IT services.
Montenegro has entered into a number of international tax treaties to avoid double taxation, providing a clear and stable tax framework for foreign investors. The country has also implemented various measures to combat tax evasion and promote transparency, ensuring a fair and competitive business environment.
Our Guidance & Assistance
Through our dedicated experience in the field and building our dependable network over the years, we are confident in our abilities to successfully guide and support you through Citizenship and Residency programs.
Citizen Lane respects every client’s unique situation and will be able to discuss details in confidence. We will provide you with comprehensive advice and find the appropriate solution for you and/or your family. Visit us at our offices located in Malta, Austria, Germany, and Switzerland, or contact us by phone/email/contact form. Our team is ready to arrange a WhatsApp, Skype, or Zoom call with you.
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