No language or history test. So, if Europe is a focal point for you in terms of doing business, it might make more sense than buying a citizenship in St Lucia, for example. We’re sure that as the country develops and foreign capital comes in, the economy will develop beyond tourism, energy, and agriculture. No data on the nationalities of applicants has been published yet, so it remains to be seen if Russians make up the majority. As we already briefly touched upon, Montenegro harbors one of the highest public debt to GDP ratios in the region. However, it’s still hindered by two things: widespread corruption and public debt. ⤅ How Does the Montenegro CBI Program Compare? Direct flights and low-cost airline carriers not only bring business travelers to the country but an ever-growing number of tourists too. Effective January 2019 this program is available for up to 2,000 applicants from non-EU countries (with no restricted list of countries), for a limited period of 3 years. You’ll get access to 120+ countries visa-free with your Montenegrin passport, including all of. “The program will have significant positive effects in generating revenues, primarily through attracting new investments,” they have said. This is a great second passport to have.”. At some point, you’ll have to bite the bullet to reap the rewards. Call us: +66 99091 8357 If you’re already in the know, feel free to scroll down. “As a dual citizen, I decided to invest in Kolasin to get the Montenegrin passport. 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. Those who want to obtain Montenegro citizenship through the programme must buy real estate approved by the state or donate to a specified public fund. That’s how long the due diligence and application processing takes. There are multiple ways to optimize your tax in Montenegro. The steps that you must take are the following: 1. Montenegro is highly connected to Europe and all of its major hubs. Montenegro Citizenship by Investment . Unlike other CBI programs, Montenegro doesn’t require you to spend any time living in the country in order to obtain the citizenship. It’s a fund designated by the government to help underdeveloped areas of the country that would certainly not get foreign investment otherwise. It’s currently around 71%, but is forecasted to increase by 5% when the country has to start repaying its Chinese loan of $1 billion for the highway that will connect the Montenegrin coast with Belgrade, Serbia. There is no shame in that. 85310 Budva, Montenegro The country uses the euro. The good news is that despite its difficult past, Montenegro is now one of the fastest growing economies on the Balkan peninsula. We’ve included the euro under the list of pros of Montenegrin citizenship, but it can really go both ways. 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