The cabinet vote formalized the parameters of the residency and citizenship program
At a cabinet meeting today, the Government of Montenegro voted on the parameters of its residency and citizenship program by investment. Last European nation to join the global list of countries seeking to attract foreign direct investment through such a program, Montenegro will begin accepting applications from 1st January 2019.
According to the World Bank, Montenegro is one of the fastest growing economies in the Balkans. The country is fast becoming a key destination for some of the most important industries around the world because of its strategic position. As a young state, Montenegro offers unique potential for investors looking for mobility, security, opportunities and a better quality of life.
The program will last three years, during which a maximum of 2,000 candidates will be granted citizenship.
With such a simple and optimal program, it’s the perfect time to invest in Montenegro. With a starting investment of € 350,000, the Montenegro program will prove to be one of the most competitive in Europe .
The investment requirements are as follows:
€ 100,000 in the form of a donation to a government fund, and
an investment of € 250,000 in approved real estate in a non-developed region (north of the country), or
an investment of € 450,000 in approved real estate in a developed region (south of the country).
Each participant will also have to pay a government tax of € 15,000, the members of his family having to pay € 10,000 each up to a maximum of four people. Each additional family member will have to pay € 50,000.
What makes the program even more attractive is the speed of its application process, which allows you to obtain permanent resident status within three weeks, according to a strict and thorough procedure. Citizenship is then granted after six months of permanent residence.
Montenegro has established strict criteria for citizenship, including:
No criminal record in Montenegro or another state that resulted in a prison sentence of more than one year
Positive result of a scrupulous international evaluation
Relevant investment in a program contributing to the economic and commercial development of Montenegro, preferably in tourism, processing or agriculture
Proof of the origin of the fees to be paid
” Montenegro is a great country that has become even more desirable from an investment point of view , ” said Armand Arton , founder and president of Arton Capital . ” We fell in Moureux the country, its people and its spectacular topography at the Global Citizen Forum, we organized Sveti Stefan l ‘ last year. ”
Montenegro offers one of the fastest growing passports, currently ranked 37 [ e ] in the world by The Passport Index and allowing its citizens to travel without visa in 117 countries . Its ranking should increase considerably with its next accession to the European Union.
About d ‘ Arton Capital
Arton Capital is a leading government advisory firm that works to attract foreign direct investment to countries by designing and implementing investment programs that achieve residency and citizenship. Arton works with more than ten countries around the world, and its global operations have raised more than US $ 3 billion in foreign direct investment over the last five years.
Arton helps individuals and families become global citizens by investing in a resident and secondary citizen status through a tailored service experience that simplifies complexity and is built on confidentiality and trust.
SOURCE Arton Capital