Montenegro is a wonderful country with a mild climate and affordable prices. It is an ideal place not only for holidays, but also for permanent residence. Experienced expert of Immigrant Invest Elena Ruda has analyzed all possible options allowing you to assess all the advantages from your own experience and legally conduct business in the country. In order to get citizenship in Montenegro, there are 3 ways: to make a non-refundable contribution of 100,000 euros to the state treasury, buy a property worth 250000 euros in the north of the country, buy a house or apartment in the south for 450,000 euros.
Many people will probably be interested in the question of what causes the difference between the regions. The fact is that there is a sea coast in the south, so this region is already considered vibrant. As a result, investor need to pay more for apartments in this region of the country.
Why is it beneficial to become a citizen of Montenegro?
It became possible to obtain citizenship in Montenegro in 2019. For this purpose, the state launched a special program. And it quickly became popular. First of all, it is necessary to invest a small sum to obtain the right to legally stay in the country. Secondly, the program allows you to bring all family members with you. Yes, you will also have to pay extra money for their registration, but the amount is small, especially when compared to the rates in other states.
The benefit of being a citizen of Montenegro is obvious:
- The country will be a member of the EU by 2025. Due to this, you can get all the advantages of staying in the Union. This is a high standard of living, the chance to travel without problems in the Schengen area. This is not the whole list. Montenegro has a visa-free agreement with 124 countries. This means that you will be able to travel freely around the world.
- The opportunity to move to the U.S. in the future. Montenegro has an E-2 treaty program. Thanks to this, there will be an opportunity to live and work in the U.S. without any problems.
- Favourable tax policies. The country is suitable not only for recreation, but also for developing your business.
- There is no need to learn the local language and stay in the country for a long time. If you need documents only to move your business, Montenegro is the best country. It is enough to spend only 5 days here in 5 years not to lose the right to documents.
An additional advantage is the fast processing of documents. It only takes 3 weeks to get a residence permit. This is significantly less than in almost all other countries. No one in Europe offers such favorable conditions.
In the future, you can get a Montenegrin passport in just 6 months. This is also a remarkably short period of time. No other country offers such advantageous terms.
Ways to obtain Montenegro citizenship for investors
So, as mentioned earlier, there are three ways to obtain Montenegro citizenship. If we talk about peculiarities, it is worth noting:
- A non-refundable investment. The main problem is that you will not get back spent 100000 EUR. But you will have to pay less for obtainment. Therefore, many are initially laid on this, choosing this format of investment.
- Buying real estate in the north. You can make investment in a list of properties that have been previously selected. The advantage of buying property in the north is obvious – it will cost less than in the south. Later, after 3-5 years, you can dispose of it profitably, for example, sell it.
- Buying property in the south. This is the most expensive of the options for obtaining documents. But the south is a coastal zone with excellent infrastructure and a perfect climate. There are all conditions for running a business.
Choose any of the options presented, because the process in any case will not take long. This will allow you to appreciate the benefits of living in this country very soon.
All ways to obtain Montenegro passport
To become a full citizen of this country, you must not just make an investment, but also to live here for at least six months. However, this is still not as much as in other countries. If we mention all ways to obtain Montenegro passport, they include:
- Being born in this country. This is the most obvious option of all.
- Get married. Marriage speeds up the process of obtaining a passport.
- Make an investment. There are 3 main options available, as mentioned above.
Each of the options will allow you to appreciate the benefits of living in this country very soon. This is a high standard of living, which will be available to everyone.
Montenegro citizenship requirements: main requirements
To obtain Montenegro citizenship, it is necessary to meet certain criteria. Firstly, the main applicant must be of legal age. This is a basic rule, which is also used in other countries. Secondly, the candidate must be in good health. This is a more unusual requirement for those who are going to immigrate to the country. The fact is that in Montenegro there is no interest in treatment at public expense. Especially when it comes to chronic diseases. Therefore, there is a probability that such applicants will be refused.
Other requirements for applicants include:
- Current citizenship. The program for obtaining residence permits and passports is not valid for representatives of the EU or EFTA. Only residents of other countries can take advantage of it.
- No criminal record. It is enough to show such a certificate confirmed by a notary.
- Absence of a prohibition on entry into a number of countries. For example, the applicant must not be on any of the EU, US, Canadian or UK sanctions lists. Therefore, it will not be possible to obtain citizenship of this country for those who want to bypass in this way the various restrictions that were issued earlier.
- Proof that the funds have been legally obtained. Applicants’ credit history is checked, and if it causes questions, there is a chance that documents will be denied.
In general, the rules are quite simple. This means that almost anyone can get a residence permit, and then citizenship of the country.
Other features of investments and their benefits
If you want to get a second passport, it is a rational decision to choose a program that works in this country. The registration is well-organized, so there won’t be any questions for sure.
It will be possible to move the family without any problems. For example, children under 26 years or parents of 65 years. To move with them, there are certain preferences.
Montenegro citizenship requirements are minimal. It is enough to use the services of professionals to prepare all documents with minimal costs.
Staying in this country is an opportunity to relax and develop your business. The country highly appreciates investors, so it is ready to offer them more favorable taxation. This will help to develop business in a wide range of areas: from technology to agriculture.
No other EU country offers such favorable conditions. Yes, although Montenegro is not officially part of it yet, but all the advantages, as well as the standard of living here are at a high level. Make investments, and they will definitely pay off in the long run.