Many South African investors looking for a second citizenship have recognized Montenegro as a choice location, but with its citizenship-by-investment programme ending at the end of 2021, the opportunity will soon end.
Investors seeking dual nationality will have to act within the next few weeks to benefit from the scheme, which offers a host of advantages including fast-tracked citizenship, a strong economy as well as visa-free / visa-on-arrival access to more than 124 countries.
Lifestyle
Situated on the stunning Adriatic coast, surrounded by mountains and unspoilt landscapes, Montenegro is a hot-list destination. It offers a safe, child- and family-friendly environment and inclusive community, with a wealth of natural and cultural treasures. Thanks to its spectacular scenery and clean air, Montenegro naturally encourages healthy and active lifestyles, coupled with a growing reputation as a favorable location for new businesses and entrepreneurs.
Get citizenship for the family
Many citizenship-by-investment programs involve a long process to residency before applicants are able to apply for their second passport. Montenegro’s programme is a fast-track route straight to citizenship in approximately four to six months from submission.
There is no physical residency requirement before or after citizenship. Applicants need to visit Montenegro only once after the approval in principle is received. There are no language requirements, obligatory interviews or renunciation of existing citizenship. An applicant’s spouse and dependent children can be included in application.
Visa-free access to over 120 countries
The country’s planned EU accession by 2025 makes Montenegro a strategically located gem in the heart of the Mediterranean and one of the best-connected luxury communities in the world.
While Montenegro is not a member of the Schengen area, the Montenegrin passport allows visa-free access throughout Europe. Montenegro is also a United States E-2 Treaty country, which means that citizens of Montenegro have the option to relocate to the USA, provided they are willing to invest in and operate a business there.
As the second fastest-growing tourism economy in the world and a member of the NATO alliance, the guarantee of Montenegrin citizenship offers a safe and secure investment, with global access opportunities from the heart of the Mediterranean,
A sound investment
Montenegro’s favorable economic and political climate provides a solid investment opportunity, grounded by economic stability. The country’s impending EU candidacy demonstrates ongoing government commitment to both internal and international security and stability.
The majestic Southern Montenegro is host to a booming property market. A qualifying investment of €250,000/€450,000 into this developed area, alongside a contribution of €100,000 to a government development fund, plus associated admin and processing costs, is all that’s required to obtain citizenship. One of the reasons this area is so attractive is that the property boom means that you’re likely to get a great return on your investment, independent of the advantages of the citizenship programme.
Montenegro has no restrictions on foreign ownership and offers one of the most favorable tax regimes in Europe.
To discuss the citizenship options available to you and your family or should you have any questions, please get in touch.
Rob
E:robert,gourlay@holbornassets.com T:(+6)01151565649 W:www.rgwealthsolutions.com
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