Best Idea: Montenegro Investment & Citizenship
MONTENEGRO CITIZENSHIPNationality law of Montenegro was ratified by Parliament in 2008 and published by the Official Journal of Montenegro. It is mainly based on jus sanguinis. However, Article 12 also allows immediate citizenship for foreign investors who invest EUR 500,000 into the country (Real estate or business in Montenegro).
- Has reached 18 years of age;
- Has a release from foreign citizenship;
- Has been legally and without interruption staying in Montenegro for the period of 10 years, prior to the petition for admission into Montenegrin citizenship;
- Has a guaranteed residence and guaranteed permanent source of income in Montenegro of an amount that enables material and social welfare;
- Has not been irrevocably sentenced in Montenegro or a foreign state to a prison term longer than one year and for a criminal offence prosecuted “ex officio” or legal consequences of such sentence are ceased;
- Possess active command of the Montenegrin language to the level which allows basic communication;
- Poses no threat to the security and defense of Montenegro;
- Discharged his/her tax obligations.
MONTENEGRO INVESTMENTMontenegro is a competitive and dynamic destination with the clear strategic objective of developing a sustainable tourism portfolio whilst protecting its dramatic, beautiful, natural resources.
Montenegro’s unspoiled natural beauty and favourable economic and political climate have allowed the small country of approximately 650,000 citizens to emerge as one of the most attractive tourist destinations in Europe. The overall economic activity has been growing strongly with the tourism industry as the major vehicle, propelling investments in other sectors of the economy, creating €3.2 billion in total planned additional investment along the Montenegrin coast.
Montenegro has one of the lowest corporate and capital gains tax rates in Europe (9%), low barriers to entry for new businesses, property rights, and a price-competitive, educated young labour force. It became a full member of the World Bank, IMF and EBRD in 2007, WTO in 2012, and progress toward NATO and EU membership will further guarantee political and economic stability.
According to the World Travel & Tourism Council and Oxford Economics (2014), Montenegro is likely to be the fastest-growing travel and tourism economy in the world over the next decade, surpassing Brazil, Russia, India and China. Montenegro has recently experienced an upsurge in the popularity it once enjoyed in the 1960s, then a haven for the European elite and film stars such as Sophia Loren, Elizabeth Taylor and Kirk Douglas.
MONTENEGRO RESIDENCE PERMITWe serve you to receive a residence and work permit on the ground of registration of legal entity and buying house in Montenegro.
Residence permit with company foundation
- Step 1: Fill out the registration form
- Step 2: Meeting & Agreement
- Step 3: Registration of a company and application for Residence Permit
- Step 4. Obtaining the work and residence permit
Residence permit with real estate ownership
- Step 1:Proof of mandatory health insurance issued by a local insurance company
- Step 2: Copy of passport (passport has to be valid for the full duration of the granted residency)
- Step 3: Statement of Clear Criminal Record issued by the relevant institution in the country of origin, translated into Montenegro language
- Step 4. Cadastre Extract (Certificate of Ownership of the immovable property)