When you choose the Montenegrin CIP from all others on the market, it is important to understand the mechanism of its work. In particular, the principle of investment. The applicant cannot choose for the program a ready-made, already owned property in Montenegro. According to the requirements, you need to invest in one of the authorized objects available on the official list. These are exclusively hotel projects that underwent a lengthy authorization procedure before the start of construction. In fact, the program started after the first project was approved in October 2019. That is, the applicant selects among the objects under construction. Some will be handed over in 2022, some in 2023/24.
Why should we focus on the Montenegrin CIP right now?
The Montenegrin CIP will grant immediate citizenship to applicants and their families, and the process of obtaining a Montenegrin passport usually takes between 4 and 6 months.
By now Montenegro is a member of the United Nations, NATO and the World Trade Organization and offers one of the most attractive tax regimes in all of Europe. Montenegro is the first country in line for European Union membership — by 2025.
“Montenegro and the EU are working on an integration plan with 25 key areas. At the moment, 24 of them have been completed. The final stage is the settlement of competition in all areas, as required by EU law. Therefore, we can say that Montenegro is as close as possible to the completion of the integration process “, — says Nuri Katz, Founder and president of Apex Capital Partners.
Montenegrin Citizenship by Investment program runs only until the end of 2021. Hurry up to make your choice!
Authorized real estate projects for Montenegrin CIP
Montenegrin CIP: Northern area of Montenegro, Kolasin
Hotel Breza, 5*
5* hotel, 170 rooms plus restaurant, bar, SPA, gym.
Location: 10 minutes’ drive to alpine skiing elevators. In the downtown.
- Maintenance costs (€50 for each square meter annually)
- Free hotel accommodation (15 days per year)
- Profit 40% of income on lease of own Unit (hotel room)
- Opportunity to sell after getting title (would take about 2 years to get title).
The developer plans to put Breza into operation by the 2022 winter season.
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Hotel Bjelasica, 4*
4* condo-hotel, 168 units (30-49 m2)
Location: hotel is located near Kolašin, Montenegro’s largest mountain tourism center. Right next to the ski resort, the total length of which is about 60 km. Upon completion of the Bar-Boljare highway in 2020, the ski resort will be about a 30-minute drive from Podgorica Airport.
The developer plans to put Bjelasica 1450 into operation by the 2022 summer season.
- Maintenance costs (€50 for each square meter annually)
- Free hotel accommodation (15 days per year)
- Profit 30% of income on lease of own Unit (hotel room)
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Hotel Montis Mountain Resort by Splendid, 5*
5* luxury hotel, 238 rooms (units), several restaurants, conference rooms, cinema, pub, spa, swimming pool, children’s club, ski room and garage.
For Montenegro, where there are not many cinemas, having one at hotel Montis, and also for 70 seats, will be a big event, and the reason to visit the resort.
Location: Hotel is positioned close to the Tara River and close to the planned green and pedestri-an zones.
With the planned promenade, the project will be connected with sports-recreational and other facilities along the banks of the Tara River.
- NO Maintenance costs
- Free hotel accommodation (4 weeks per year)
- Profit 40% of income on lease of own Unit (hotel room)
As an added bonus, each owner will receive 1 week of free stay per year at the Splendid Conference & Spa Resort Budva until project completion in 2024, as well as 4 weeks of free stay at the Montis Mountain Resort after its opening.
The developer plans to put MONTIS into operation in 2024.
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Montenegrin CIP: Northern area of Montenegro, Kolasin
Boka Place, 5*, Porto Montenegro, Tivat
5* design-led hotel, 144 apartments, and collection of spaces to eat, shop, stay and recharge, this is home to a diverse community founded on a desire to connect and to share. Near to Knightsbridge School International.
Location: At the entrance to Porto Montenegro, the gateway to Boka Bay, Boka Place is built on a naturally elevated plateau to enhance the panoramic views across the vibrant life of the village below to the cool waters of the bay beyond.
Boka Place is a new urban quarter in Porto Montenegro built with conviviality and wellness at its core. With busy shops and cafés, world’s first hotel SIRO – immersive lifestyle experiences by Kerzner International, green outdoor spaces and new discoveries at every turn. All SIRO-managed residences qualify for the Citizenship by Investment program. Properties range from studio apartments to three-bedroom duplexes and penthouses, between 45m2 and 170m2. The homes are decorated as standard with beautiful clean lines, neutral tones and a minimalist aesthetic to create an optimal environment for holistic wellbeing.
If the apartment is used by the owner, he incurs maintenance costs in the amount of 50 euros per year per square meter of the area of his apartments. And also, the cost of communal expenses (water, light, etc.) for apartments, in accordance with consumption.
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Please note that owner of the Unit in southern projects may use his property as he likes without renting obligations. You can sign a contract with a management of the project, you can rent it via any services (for example, Booking.com), or you can use it exclusively for personal purposes.
Boka Place, 5*, Porto Montenegro, Tivat
5* design-led hotel, 144 apartments, and collection of spaces to eat, shop, stay and recharge, this is home to a diverse community founded on a desire to connect and to share. Near to Knightsbridge School International.
Location: At the entrance to Porto Montenegro, the gateway to Boka Bay, Boka Place is built on a naturally elevated plateau to enhance the panoramic views across the vibrant life of the village below to the cool waters of the bay beyond.
Boka Place is a new urban quarter in Porto Montenegro built with conviviality and wellness at its core. With busy shops and cafés, world’s first hotel SIRO – immersive lifestyle experiences by Kerzner International, green outdoor spaces and new discoveries at every turn. All SIRO-managed residences qualify for the Citizenship by Investment program. Properties range from studio apartments to three-bedroom duplexes and penthouses, between 45m2 and 170m2. The homes are decorated as standard with beautiful clean lines, neutral tones and a minimalist aesthetic to create an optimal environment for holistic wellbeing.
If the apartment is used by the owner, he incurs maintenance costs in the amount of 50 euros per year per square meter of the area of his apartments. And also, the cost of communal expenses (water, light, etc.) for apartments, in accordance with consumption.
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Please note that owner of the Unit in southern projects may use his property as he likes without renting obligations. You can sign a contract with a management of the project, you can rent it via any services (for example, Booking.com), or you can use it exclusively for personal purposes.
Cruiser Luxury Hotel, 5*, Budva
The Cruiser Luxury Hotel is listed as a condo hotel with 140 rooms and 89 apartments. Its infrastructure will include an indoor and outdoor swimming pool, fitness center, spa, restaurant, conference room. A very experienced developer is responsible for the construction of the resort, he is also engaged in the construction of a new modern highway from Montenegro to Serbia.
Location: near the historical complex Sveti Stefan.
What do you get for €250 000 (minimum investment)?
— Unit in the hotel in private owning (title certificate). That will allow to obtain Montenegrin citizenship for investor, wife and children.There are additional costs for investor to pay.
Please note that owner of the Unit in southern projects may use his property as he likes without renting obligations. You can sign a contract with a management of the project, you can rent it via any services (for example, Booking.com), or you can use it exclusively for personal purposes.
