about nomad capitalist Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. This is citizenship by investment – a specific means set out by a government through which an individual can obtain that nation’s citizenship by making a qualified investment in the country. 2. Access to 120+ countries without a visa sure sounds good, but plenty of other CBI programs offer the same, or better. The Montenegro citizenship by investment programme was launched in 2019. Heavily reliant upon tourism, thanks to its natural beauty, the country doesn’t have much other choice but to capitalize on its European location and quality of life. The town of Zabljak, surrounded by untouched mountains, has plenty of outdoor and extreme sports opportunities. Second, passport quality. Montenegro is a country that allows dual citizenship, so obtaining your second, third or subsequent passport won’t be a problem. Montenegro flirted with having a CBI program back in the mid-2000s. While the western world has been largely oblivious to the fact that Montenegro exists, Russians are active investors there. Montenegro has opened up the program for three years. There are multiple ways to optimize your tax in Montenegro. As with every CBI program where the government runs a pre-approved list of real estate properties that you can invest in, real estate is overpriced. . If your Montenegrin passport application is approved, the government will not pass any personal information to the country of your first citizenship. This makes the country a bit more expensive than neighboring Serbia, for example, but it also improves its economic stability. Receive your passport; your citizenship is issued for life. In this period, it has been estimated by the International Monetary Fund that the CBI program will raise €530 million euro. Foreigners must invest EUR 250,000 in real estate and also donate to government EUR 100,000. Citizenship or Residency by Investment? The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. Invest €250,000 in the mountainous northern region. Tara Canyon – the second deepest canyon in the world – is nearby, part of Durmitor National Park. If  Montenegro joins the EU, this is your cheapest path to eventual EU citizenship. As with all post-Soviet countries, Montenegro suffers from corruption. However, that’s always the case with government-approved lists of projects that foreigners are allowed to take part in. Meanwhile, if you want to lower your investment, you can make a purchase worth at least, The good news is that the investment is recoupable. ... Montenegro Citizenship By Investment - Duration: ... Nomad Capitalist 44,204 views. In other words, you will be able to sell it after a holding period of five years. Before we get to the nitty gritty of Montenegro’s CBI program, we want to get you up to speed with what a CBI program is exactly. Montenegro flirted with having a CBI program back in the mid-2000s. 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Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so … The VAT is 19%. This is a limited economic citizenship scheme to 2000 applicants. With a 300 kilometer dramatic coastline and multiple pristine mountainous areas, it’s little wonder that Montenegro attracts over two million visitors per year. . But once you do, you need to spend 5 days in Montenegro over the period of 5 years to retain the citizenship and get your passport extended. Access to the United States. Please let me know whether montenegro allows dual citizenship under this scheme. It’s definitely far above the competition in nearby Moldova and Bulgaria. No CBI program in the world comes without its cons and here are Montenegro’s main pain points. Montenegro is highly connected to Europe and all of its major hubs. send me(single) a comlete computation for montenegro in the northern part(kolasin) and include your service fee/professional fee and all the requirements needed. Your information is confidential. Buy Nomad Capitalist: How to Reclaim Your Freedom with Offshore Bank Accounts, Dual Citizenship, Foreign Companies, and Overseas Investments by Henderson, Andrew (ISBN: 9781980435099) from Amazon's Book Store. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. High public debt. Montenegro has unilaterally joined the euro zone, so all economic activity within its borders happens in this European currency. Within the three years that it will run, only 2,000 people will be able to get a Montenegrin passport. We expect Montenegro to do the same. Obtaining a second residency and second citizenship enhances your freedom and your options. Like other well-meaning governments, Montenegro has launched its citizenship by investment program to attract foreign capital and give its citizens a better life through increased development and economic activity. More concrete rumors about Montenegro’s CBI program were swirling around for the past five years until it was officially announced in July 2018. https://www.artoncapital.com/global-citizen-programs/montenegro Residence tax planning, second citizenship by investment, ancestry citizenship, investment passports, and second passport portfolios ... Nomad Capitalist is a one-stop shop for international tax strategy spearheaded but someone who has been in my shoes and walked the path themselves. If you’re going to invest in Montenegro, you have to keep in mind that you’ll be going up against Russian investors who’ve been working in Montenegro for decades. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. The good news is that the investment is recoupable. Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. That’s why they’ve overpriced their CBI program, hoping that people are willing to pay more on the assumption that they will be full-fledged European Union members rather soon. Save my name, email, and website in this browser for the next time I comment. The idea of potentially giving up yo… Currently, about a dozen countries have implemented such a program. There are multiple ways to optimize your tax in Montenegro. As a former US citizen, I grew up with the notion that it was possible to fly just about anywhere in the world without worrying about visas. The follow large investment projects in Montenegro in construction, tourism and agriculture also qualify for citizenship by investment in Montenegro. Montenegro ranks only 67th out of 180 countries by Transparency International. Yes, you can add family members to the application. Its GDP grew 4.9% in 2019 and it’s finally making western investors look its way. The real attraction of Montenegro is its imminent membership in the EU. Note, that there are also governmental fees to pay for your application processing and the amount will depend on your family setup: Then, the total outlay for a solo applicant making an investment in the cheaper north comes to €365,000. So, if you do business in China, a Montenegrin passport could be a good addition to your passport portfolio. It has access to the glimmering Adriatic, some of the prettiest mountain landscapes in Europe (featuring ski resorts), historic walled towns, and is well on its way to becoming the next Croatia. They started right where you are. And then there is the northern part of Montenegro, which is mostly undeveloped. Montenegro invites qualified investors for its Citizenship by Investment Program. You aren’t required to visit Montenegro or live in Montenegro to obtain your citizenship. Montenegro might be small, but it’s got plenty to offer. Learn how your comment data is processed. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. A donation is not unusual when it comes to CBI programs and other jurisdictions. Montenegro Citizenship By Investment: The Ultimate Guide Become a citizen of Montenegro and get a passport offering visa free travel to 120+ countries.  Written by Jovana Vojinovic i Nomad Ultimate Guides | Second Residency and Citizenship  Invest... 12 … Option 2 – Southern Real Estate Investment. . If you’ve fulfilled both, and the due diligence done on you and your family (if applicable) has revealed no cause for concern, you will be granted Montenegrin citizenship and be able to collect a passport. Both Moldova and Montenegro passports do not have a visa free travel to United Kingdom, Canada, Australia and United States. Still unsure? To diminish the reliance on tourism, the government has realized that it pays to be foreign capital friendly and has tried to steer a direct course for political and economic stability. Utilize Montenegro’s infrastructure to do business throughout Europe. Here are the main pros of obtaining and holding on to your Montenegrin passport. While some CBI programs will allow you to invest in any real estate that you deem suitable, others will make you stick to the officially approved properties, as does Montenegro. This includes second residencies, dual citizenship, and tax residency. Unfortunately, the UK and Ireland are not part of the Schengen zone, so you are not able to travel visa-free. In this article, we will break Montenegro’s CBI program down and discuss its nuances, so you can make an informed decision. Once Montenegro becomes part of the EU, you will be able to live, study and work anywhere within its borders. If you’re a western investor who wants a winter or a summer home, Montenegro’s is not a bad passport to have. Countries that lack foreign investment, are overly reliant on one or two industries, or simply have no other way to give their citizens a better life, are typically the ones to launch these programs. That’s why they’ve overpriced their CBI program, hoping that people are willing to pay more on the assumption that they will be full-fledged European Union members rather soon. Dual citizenship is allowed. Please let me know whether it allows or not and if it allows what are the conditions on which it allows. The corporate and personal tax rate is set at a low 9%. You won’t be able to access the UK or Ireland. Passport Rank. If we know anything about the Balkans, it is that things tend to move slowly here. First, the total investment required is one of the lowest in Europe. If traveling to these countries is important to you and you plan to make Montenegro’s passport your main one, this is definitely something to keep in mind. For instance, Ireland once offered citizenship in exchange for investment in the country. But if you don’t care about being in Europe, then. The Montenegro Special Citizenship by Investment Program (MSCIP) will require investments in economic activity (business) that will contribute to the economic development of Montenegro and/or investment in real estate and/or payment of funds into a special account of the Budget of Montenegro. We can help. Most CBI programs out there require you to make one contribution to the country, be it a donation, an investment in real estate, or setting up a local company. Plus, Montenegro is well-connected to the rest of Europe. We feel that Montenegro has struck a near-perfect balance here. A Montenegrin passport is a B-class passport; you can’t travel to some of the most important countries on earth visa-free, but the tremendous potential is there. So, to sweeten the pot, the Montenegrin government has decided to throw in a passport and secure those investments. The Montenegrin CBI program was opened in 2019 and will run to the end of 2021. Can you afford to take a gamble and buy a European citizenship for cheap to get the full benefits of living and working anywhere in the EU in five years time? However, from the few snippets available online, you can only invest in hotels and resorts. Malta is the only citizenship by investment program that sells access to both the European Union AND the borderless Schengen Area. Plus, Montenegro is well-connected to the rest of Europe. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. But what we will say is this: Montenegro is an ideal location with pristine nature and a balmy climate. Malta. Donate €100,000 to Montenegro’s government development fund. Because it’s such a young economy, there is a lot of investment potential, outside of the CBI program too. So, if you do business in China, a Montenegrin passport could be a good addition to your. 7. The offer sure is tempting. Then, it’s passport holders will get visa-free access to all Schengen countries. They don’t really have any other means of growing their economy and raising capital except through tourism and selling their citizenship. So if the UA is a priority probably easier to get a residence permit. That’s because it regained its independence only in 2006 after it’s citizens cast a ballot to split up the State Union of Serbia and Montenegro. Energy and agriculture sectors play a significant role in Montenegro’s economy, but it is tourism that accounts for nearly a third of the country’s GDP. 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