Montenegro Citizenship By Investment To Close From 2022

Montenegro Announces Its Citizenship By Investment Program

Montenegro Citizenship

This is important because agents will try to sell you the development with the greatest commission structure. If a developer offers a 15% commission, and another one a 6% commission, you can be 100% sure the agent will be pushing you to buy the former. A few months later you Turkish work permit are handed a beautiful Montenegrin passport and will be a lifetime citizen. Applicants who invest in the project will deposit their investment in an escrow account managed by independent auditors. An investment of €450,000 in approved properties in a developed region .

First of all, the applicant and his family members specified in the application undergo Due Diligence. Also, the investor must deposit the required amounts to the Escrow account. The investor Turkish citizenship 250.000 USD can include a spouse and children under the age of 18 in the application. It is necessary to prove their financial dependence on the applicant, which is also a standard requirement.

What Are The Benefits Of Obtaining Montenegrin Citizenship?

Medical certificates confirming that the applicants do not have any infectious diseases. These certificates shall be issued in accordance with the rules effective in the applicants’ country of citizenship or residence. The candidate for Montenegrin citizenship will also have to cover thestate duties and notarization expenditures.

Montenegrins can enjoy all the benefits of European citizenship only after their country joins the EU, and this will not happen earlier than in 2025. At the same time, holders of a Montenegrin passport will need to obtain a visa to enter the United States. Montenegrin legislation does not provide for the possibility of “sitting on two chairs”.

Planning To Setup Business In Montenegro Or Start Business In Montenegro?

The new status symbol in today’s world is a second passport, or at least a second residency abroad. Power of attorney for Montenegro is required for all legal actions on your behalf by Citizenship by investment solicitors in Montenegro. If you are in Montenegro or plan to visit Montenegro, we can obtain your power of attorney here. If you are planning to move with your family to Montenegro by investing, we as your partner for Montenegro, are there to provide lots of other service as and when you might require in Montenegro at affordable prices.

We have chose Splendid, i.e. the Montenegro Stars Group, as the operator of the future hotel. The key role was played by the accumulated experience of managing the largest 5-star hotel in Montenegro, Splendid , and its established reputation. The project is accredited in the Citizenship by Investment program in 2020. The resort will open a 3D cinema , a restaurant with a pub , a grand SPA center (an area of sq.m) swimming pools for adults and children, baths and saunas, salt caves, ice water barrels, treatment rooms, a gym.

Last Chance For South Africans To Buy Into Montenegros Citizenship

There are criteria by which each plan, based on clear requirements, can be measured. In order to find the right match, applicants can compare them against each other. Residency by investment gives you a residency card of a country by investing in its economy. Individuals then legally become permanent residents at an accelerated rate than traditional applications.
Montenegro citizenship
This is the elite world of investment migration, where passport applications are based not on nationality or citizenship, but on wealth and the willingness to move it around the planet. For most people, the coronavirus pandemic has meant fewer travel options. Not so for super-rich families who are increasingly using their money to cross borders that would otherwise be closed to them. About 270,000 Montenegrins reportedly live in Serbia and therefore could – citing different grounds, such as place of birth, ancestry, or family ties – potentially request Montenegrin citizenship. “I was born and raised in Montenegro and my whole family still lives there I still have to go to Montenegro as a foreign citizen,” Vucetic told BIRN on Wednesday. As a young state, it truly offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life.

Our team of professionals will take care of your home with no additional cost. Spacious and contemporary, Dukley’s distinctive open-plan interiors are constructed to the highest global standards using premium materials, before being outfitted with prestigious imported fittings sourced from Europe’s finest brands. Raising the regional bar for design quality, each Dukley residence comes equipped with Poliform built-in kitchens, Miele appliances, Villeroy & Boch and Dornbracht bath fixtures, among an array of superior finishes. This limited offer applies only to purchase of one of the fully finished, furnished and fitted six beachfront residences at Dukley Gardens.
Montenegro citizenship
Immigrant Invest is the only company in the industry that has a Due Diligence Department. We have a Compliance Anti Money Laundering Officer certified by an international association. In July 2018, the Government law firm turkey of Montenegro announced the launch of the program “Citizenship of Montenegro for Investments”. The first applications for obtaining Montenegrin passports for investments began to be accepted from January 2019.

Nevertheless, the country is a NATO member, and citizens can enjoy visa-free travel to over 124 countries. Montenegrins are also permitted to live and work in the United States of America thanks to the E-2 Treaty Program. Besides offering affordable citizenship, the processing is also fairly quick, and residency takes just three weeks while citizenship approval occurs within six months. The program requires applicants to either invest €250,000 in government-approved property in the northern region or €450,000 in the southern region. Investors also need to pay a €100,000 donation to the Montenegrin government. Applicants are not required to live in Montenegro to maintain their citizenship.
Montenegro citizenship
In order to be allowed to apply for a Montenegro passport, a foreign citizen must prove he or she has sufficient funds for living here. Having a business or a job can help those who apply for citizenship. While the first condition is mandatory, at least one of the second conditions must be fulfilled.

Ahmet Erentok, president of the Board of Directors of Azmont Investments, is building Porto Novi — another large coastal project — and has more than 50 employees in several Montenegrin companies. In Montenegro, he formed a partnership with Petros Stathis, originally of Greece, who also obtained Montenegrin citizenship on the basis of special economic interests and has made multiple investments in the country. Stathis currently leases or owns some of the most valuable parts of the Montenegrin coast, including Sveti Stefan itself, and also owns a few domestic media outlets. More than 20 countries offer some version of this option, stressing different selling points, while others, such as Armenia, may be next. Among them is Montenegro, a mountainous country about half the size of Israel that lies along the crystalline Adriatic Sea, facing the heel of Italy’s boot.
Montenegro citizenship

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