No Residency Requirements
You can qualify if you have a parent or grandparent who is a Czech or Czechoslovak citizen. Alternatively, you are eligible for citizenship if both of your parents are Croatian citizens — even if you don’t register. You can qualify if you have a Chilean parent who can prove one of their parents or grandparents was granted Chilean citizenship by birth or naturalization. You can qualify if you have a parent who is born in Canada or became a naturalized citizen before you were born.
We will gladly assist you in finding the most suitable destination depending on your preferences and financial resources. Montenegrins also have easy access to the US E-2 visa permitting prolonged stays in the USA. The agreement signed between Montenegro and the United states allows the citizens of the former country to reside in the USA permanently on the non-immigration E-2 visa. Unlike the holders of the American green card, the E-2 visa holders are not obliged to pay taxes to the US federal budget.
Montenegrin Nationality Law
Montenegro is considered the 42nd best passport in the world, providing visa-free travel to more than 120 countries. That means the Montenegro passport is stronger than the Russian, Chinese, and many Latin American passports. Likewise, it allows visa-free travel across the European Union and, potentially from 2025, will allow you to move and invest freely across the Union.
It could take until 2025 for Montenegro to enter the EU, but the Montenegrin passport already allows for 90 days of visa-free travel in Europe’s Schengen zone within 180 days. You can also fly to Russia without a visa and apply for an E-2 investor visa with the US. Montenegro has a meagre tax rate, with personal income taxes capped at 12.6 percent. The program is limited to 2,000 applicants only and will run for three years. It offers the simplest and the fastest route to obtain European citizenship in just three months. Applicants can apply for the Montenegro investment visa by investing in an approved real estate development project.
Americans Rush To Get Montenegrin Citizenship As Deadline Looms
With Citizenship through investment program for Montenegro, there is no physical presence requirement at all. You can get citizenship within 6-7 months by Investing in government approved Home/Property. Montenegro now offers a very efficient and productive environment for investors, including a flat corporate tax rate of 9%. The main strength of Montenegro’s economy is tourism, but other sectors have also contributed to a 4.8% increase in GDP last year. Non-EU citizens with clean background could apply by donating €100,000 to the government for the development of poor communities and investing either €250,000 or €450,000 in government approved projects.
D&A is able to help our clients throughout the entire process of moving to the United States via Montenegro on an E-2 visa. The E-2 visa allows an individual and their family to move to the United States for the purpose of owning and operating a business. The business owner’s spouse is eligible to work in the United States and E-2 visa holders can travel freely in and out of the country. The spouse, dependent children and dependent parents and grandparents of the main applicant are also eligible for the investment program, for an extra fee.
The application process has been made more transparent to avoid the situation of 2010. Then the investment program was closed after the international community criticised the government of Montenegro for issuing passports to applicants involved in corruption and fraud. The unpopularity of the program is explained by the fact that Montenegro is not a member of the European Union. With the passport of the country, investors can freely travel to Schengen countries, but to live, work and do business only in Montenegro. The Ministry of Economic Development of Montenegro proposed not to extend the current program of citizenship by investment. The government will offer a new one until December 31, 2021, but not for investors, but for highly qualified specialists.
Turkish work permit program started in 2019, offering citizens less expensive options than other European countries. However, unlike other CBI powers, Montenegro is not yet part of the European Union, although it is expected to change in 2025. Nevertheless, the country is a member of NATO, and citizens can enjoy visa-free travel in more than 124 countries. The E-2 agreement program allows Montenegrin residents to live and work in the United States. In addition to offering affordable citizenship, the processing is also quite fast, and accommodation is obtained in just three weeks, while citizenship approval is obtained in six months.
The government strongly supports private business and offers a simplified procedure for company incorporation in the territory of the country. Montenegro is not only recognizable for its exceptional natural beauty, but is also known for its exciting nightlife. Thus, in every city, unforgettable parties are organized by young people from all over the world. If we were to write about only one city in Montenegro, the picture would be incomplete. In Montenegro, we will offer some extraordinary places that would definitely make a decision to apply for Montenegrin citizenship. Fulfill your investment obligations, which means supplying the necessary amount of money conditioned by the investment option that you have chosen .
Our expert team is available to consult with you regarding your goals and risk appetite to suggest the optimum investment option for your situation. The Montenegro citizenship programme will last for three years and has a quota of 2,000 applications. Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Southern and Eastern Europe.
Montenegro Citizenship By Investment Program 2021
However, It is constantly taking measures to improve the country’s economy. Similarly, Montenegro citizenship by the Investmentprogram has proved to be a great move in their economic growth. Therefore, It has become a major attraction for investors because of the feasible resident permit turkey mobility, security, and modern lifestyle this country offers. Montenegro allows dual citizenship you are not obliged to relinquish your current citizenship nor to learn the Montenegrin language. You can include your spouse and dependent children under the age of 18.
The appropriate direction will be given to applicants all through the interaction. From therein, the group will set up your application and submit it to the Citizenship unit. While applying for citizenship, EUR 100,000 of additional donation is needed to be required in government fee.
Main Pros Of Having A Montenegrin Passport
Removing advertising from your browsing experience is one of them – we don’t just block ads, we redesign our pages to look smarter and load faster. A citizen of the world in every sense of the phrase, Vicky has done her fair share of traveling. Born and raised in Bulgaria, she spent 10 years living and working in Abu Dhabi before settling down with her family in Nova Scotia, Canada. And it’s only fitting for the CEO and founder of High Net Worth Immigration to be an avid globetrotter—her extensive travels have given her deeper insight and understanding into her clients’ needs. The Montenegro Citizenship by Investment Program was launched at the beginning of 2019 with the goal to bolster the economy, support public projects, and develop the tourism sector. The Government has agreed to accept up to 2,000 applications over a 3-year period, which began on January 1, 2019.
A contribution of a minimum of €100,000 is to be made by the Applicant under this program. Along 293 kilometers of coastline, the country has more than 115 beaches, coastal churches, and national parks which are popular among tourists. At the moment, Montenegro is not part of the EU, however, it is located geographically in Europe and is striving to meet the EU requirements for accession, that is expected by 2025.
The passport, especially, is widely respected and allows you visa-free or visa-on-arrival travel to 122 countries and areas around the world. The Montenegro government has several projects to choose from, but not all of them are profitable investments. The entire refundable investment amount sits in a secure escrow account. On 3 October 2019, the government of Montenegro announced its investment-based citizenship programme that will last until 2022 and started accepting applications. This consultation is free of charge and you are not required to use our services. After consulting us, some people do it themselves, others ask us for help.
By stunning location, we mean that many countries that offer instant citizenship by investment are in the Caribbean region. CBI Guide – your comprehensive guide to citizenship by investment and second passports. The best online resource for finding information about investor visa programs. TransportMontenegro may be a small and, in parts, rural country, but it does offer both affordable and effective transportation. The country boasts a rail network offering international rail connections towards Serbia along with a domestic railway line with four main stations and Montenegro’s bus lines connect all of its cities. Montenegro offers two international airports, both reconstructed in 2006, including one in the capital Podgorica, which offers direct flights to 28 destinations in 17 countries.
In addition to the investment into real estate, you have to contribute 100,000 euros as a non-returnable donation to the state fund regardless of the residential accommodation complex that you choose to invest in. Montenegro launched its special investor citizenship program back in 2018. Montenegro launched its Citizenship by Investment Program with the aim of encouraging and facilitating foreign direct investment.
With almost 20 years experience in citizenship, legal and tax consulting, along with extensive experience in real estate acquisitions, Zeljko has seen and done it all. This time, stronger due diligence and credential checking has been baked into the process. But, the Montenegrin government chose to design the program themselves so it might make sense to wait until we’re a few months out from the January 1 launch date to make sure they have ironed out the kinks. Or make a €450,000 investment in a government-approved development project in the developed, southern part of Montenegro.
The minimum investment amount is € 550,000 if purchasing real estate in the south of Montenegro, and € 350,000 for investing in northern property. The economic citizenship program will be open for applications from Jan 1, 2019, and the scheme is limited to 2000 applications and will run for three years. Montenegro offers one of the lowest income tax rates in Europe starting at 9% and the income tax rate is only 9%. CMM Investment Consulting Group from Montenegro is delighted to invite all stakeholders inter ested in the second citizenship programs to foster the partnership and cooperation with the reputable and renowned holding from Montenegro. Sable International is expert in helping small to medium-sized businesses, private individuals and clients with international interests, offering full-service solutions through their citizenship, residency, wealth, tax and forex divisions. They specialise in cross-border financial and immigration advice and solutions.