Honorary Citizenship Montenegro - Launch in October 2018
Honorary Citizenship Montenegro | GCI. We are the world's leading experts in advising foreign investors on Citizenship & Residency by Investment. Montenegrin Honorary Citizenship. Read more on how to apply for Montenegro Honorary Citizenship .
Montenegro will launch its own Citizenship by Investment Program in October 2018. The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. The processing time takes around 6 months. The application phase for the Montenegrin Honorary Citizenship is already beginning. The applications themselves will then be submitted to the Government of Montenegro in October 2018.
"With Montenegro, a new attractive European program will significantly diversify and expand the global citizenship market for investment. This program has the potential to create a series of truly significant cash injections for itself in an economy and as a forerunner of more strategic investments that can help to modernize and diversify the economies of often smaller states and create a better life for them.“ explains Zirbes, Board Advisor at GCI.
The Montenegro Citizenship by Investment Program will be limited to only 2,000 applicants over a three-year period. The processing time takes around 6 months.
- 100,000 EUR Donation in a Government Funds plus
- 250,000 EUR investment in approved real estate in a undeveloped area (in the north of the country),
- or 450,000 EUR Investment in approved real estate in a developed region (in the south of the country).
The application phase for the Montenegrin Honorary Citizenship is already beginning. The applications themselves will then be submitted to the Government of Montenegro in October 2018.
Montenegro is the smallest ex-Yugoslav Republic country but one of the most beautiful and promising, having a wide range of investment possibilities with outstanding geographical diversities and landscapes. Its beautiful beaches spread on more than 290 km of coast line and amazing Bay - Bay of Boka Kotorska together with many lakes, canyons, rivers and high mountains of Inner Montenegro are the perfect assembly for a very attractive destination and desirable site to live in. The vast influence of different cultures such as Venetian, Byzantine, Turkish, French and the stability of political environment are completing the whole attraction package of this country. Climate is also very friendly, typical for southern Europe with warm summers and mild winters.
Montenegro Citizenship by Investment Options
Montenegro Citizenship by Investment Options: The investor and family has to make a significant economic contribution to the country (donation plus real estate investment as listed above) and can immediately obtain their passports once their application is approved and the documents are valid for an initial period of five years with the possibility to renew indefinitely. It is not required to permanently reside in the country. Deprivation of citizenship may occur if the citizen does not spend at least 5 days in Montenegro during the period of five calendar years after having obtained citizenship and they will not be entitled to repayment of any investment, contribution or purchase price made by them in their original application for citizenship. Furthermore, deprivation of citizenship will occur where such registration as a citizen was obtained by false representation or fraud or wilful concealment of material facts or the person has been convicted in Montenegro of an act of treason or sedition.
How to apply for citizenship in Montenegro?
To apply for Honorary Citizenship Montenegro applicants must be at least 18 years of age, be of a good character with no criminal record, and have good health. An applicant may apply together with his or her spouse and dependent children, and, in some cases, dependant elderly parents or grandparents.
The process of applying for citizenship in Montenegro is rigorous and requires diligent preparation in order to gather all the information needed. Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole.
The process may be simplified into the following steps:
- Application preparation and pre-approval by GCI - Global Citizenship Investment
- Submission of the application to the Government of Montenegro
- Government processing of the application and due diligence checks, taking between 4 and 6 months for completion.
- Approval in principle.
- Investment in a business, purchase of real estate, or donation to the Government Fund.
- Citizenship certificate issued.
- Passport application and issuance.
Furthermore our consultants will guide you through the whole submitting process for the Honorary Citizenship Montenegro.
Why become a citizen of Montenegro?
We suggest the Honorary Citizenship Montenegro will offer our customers a lot of benefits.
- Citizenship for life, with the right to live and work in the country
- The time frame of precessing application is within 6 months.
- Visa-free travel to 123 countries and territories, including the Schengen Area (EU), Switzerland and Singapore
- Dual citizenship is permitted
- Life in an economically, legally, and socially stable country
- Low tax policy
- Low residency requirement
- No previous education or management experience requirement
Above all these appealing facts, Montenegro offers also low tax policy for established businesses and individual incomes. Montenegro is an official future candidate for EU and NATO membership and a full member of UN and WTO organizations. Montenegro's economy is transitioning to a market system. As of 2015, around 90% of Montenegrin state-owned companies have been privatized, including 100% of banking, telecommunications, and oil distribution. Tourism, which accounts for roughly 20% of Montenegro’s GDP, brings in three times as many visitors as Montenegro’s total population every year. Several new luxury tourism complexes are in various stages of development along the coast, and a number are being offered in connection with nearby boating and yachting facilities. In addition to tourism, energy and agriculture are considered two distinct pillars of the economy. Only 20% of Montenegro’s hydropower potential is utilized. Montenegro plans to become a net energy exporter, and the construction of an underwater cable to Italy, which will be completed by 2018, will help meet its goal.
Considering all these items, Montenegro has the legal framework for fast and relatively inexpensive business immigration, meaning that the foreign national can apply and get a temporary residency within 30 days, based on a working permit into a local company or by opening a new company. There are only 2 main steps in setting up and initialize the process:
|Visa Free Travel||Passport||Costs|
|to 123 countries||after 6 months||min. 350,000 EUR
+ application fee
|Location||Main City||Total area|
|South East Europe||Podgorica||13,812 sq km|
|€ (Euro)||approx 625,000||42° 26´ N, 19° 15´ E|
Montenegro passport is issued to citizens of Montenegro for international travel. The passport is valid for 10 years. As of 1 January 2017, Montenegrin citizens had visa-free or visa on arrival access to 123 countries and territories, ranking the Montenegrin passport 45th in terms of travel freedom according to the Henley visa restrictions index.