MONTENEGRO OVERVIEW

Montenegro is a country in southeast Europe on the Adriatic coast of the Balkans. It borders Bosnia and Herzegovina to the north, Serbia and Kosovo to the east, Albania to the southeast, the Adriatic Sea and Croatia to the west. 

  • Capital: Podgorica
  • The largest city: Podgorica
  • Area: 13,812 km²
  • Population: 622,359 people (2018)
  • Population density: 45 people / km² (2018)
  • Official language: Montenegro
  • Currency: Euro (EUR)
  • Montenegro’s lower areas have a Mediterranean climate, with dry summers and mild, rainy winters. Temperature varies greatly with elevation. 
  • Podgorica, lying near sea level, is noted for having the warmest July temperatures in the country.
  • Montenegro’s mountainous regions receive some of the highest amounts of rainfall in Europe.
  • One-third of Montenegro, principally in the high mountains, remains covered with broad-leaved forest.
  • The economy of Montenegro is mostly service-based and is in late transition to a market economy. According to the International Monetary Fund, the nominal GDP of Montenegro was $5.424 billion in 2019. The GDP PPP for 2019 was $12.516 billion, or $20,083 per capita.
  • Montenegro is one of the fastest-growing tourist destinations. In 2007, over a million tourists visited Montenegro, making some 7.3 million overnight stays (23% increase, compared to 2006). This accounted for some 480 million euros in tourism revenue in 2007.
  • The culture of Montenegro has been shaped by a variety of influences throughout history. The influence of Orthodox, Ottoman, Slavic, Central European, and seafaring Adriatic cultures have been the most important in recent centuries.
  • Montenegro has many significant cultural and historical sites, including heritage sites from the pre-Romanesque, Gothic and Baroque periods. 
  • The Montenegrin coastal region is especially well known for its religious monuments, including the Cathedral of Saint Tryphon in Kotor, the basilica of St. Luke (over 800 years), Our Lady of the Rocks, the Savina Monastery and others.
  • Education in Montenegro is regulated by the Montenegrin Ministry of Education and Science.
  • Education starts in either pre-schools or elementary schools. Children enroll in elementary schools at the age of 6; it lasts 9 years. The students may continue their secondary education, which lasts 4 years and ends with graduation. Higher education lasts with a certain first degree after 3 to 6 years. 
  • There is one public university (University of Montenegro) and two private ones (Mediterranean University and University of Donja Gorica).

THE MONTENEGRO CITIZENSHIP BY INVESTMENT PROGRAM

The Montenegro citizenship program is part of the government’s development strategy to attract FDI to support public projects and develop tourism industry in the country. However, the country’s government limits the number of citizenship applications to 2,000 applicat for a three-year period from January 1, 2019 to December 31, 2021.

Therefore, investors need to quickly learn and join the program during the aforementioned period if they want to receive Montenegro’s citizenship benefits.

INVESTMENT OPTIONS

  • Investors must invest €450,000 in the southern, seaside part of the country and Podgorica, the capital. However, in the northern regions, the investment threshold is significantly lower; the qualifying amount is €250,000.
  • Also, applicants must donate €100,000 for the development of poor local communities.

INVESTOR’S BENEFITS

  • Fast processing time, only from 06 months.
  • Investment properties can be sold after 5 years.
  • Investor can apply for an E-2 visa to enter the US, investor’s children can study in the US for free from elementary to high school.
  • No age, qualifications, or experience are required.
  • No requirement to live in the country.
  • Three-generation family eligible.
  • Right to keep dual citizenship. Valid for life and can be passed to future generations
  • Ability to visit visa-free the Schengen zone countries as well as 122 nations.

APPLICATION PROCESS

JA & Partners prepares application for clients and submits to GCI (Global Citizenship Investment) to receive an initial approval letter (Pre-Approval) from 1-2 months.

Application is submitted to the Montenegro government to complete the assessment step & receive the Letter of Acceptance in 3-4 months.

Clients receive an Approval in Principle and make the required investments.

Customer takes biometrics and receives passport in Montenegro.

Why choose JA & Partners ?

JA & Partners was founded by a more-than-10-year-experience team in immigration industry. We have experienced handling difficult applications especially documents requiring financial proofing, such as the US, Australia, Canada, Europe, the Caribbean program . Our partners are global leading law firms with 100% approval, as well as 40-year-experience reputable real estate investment corporations.

Our professional and dedicated relationship management team will ensure all your requirements, support, and follow up during the application process and even when investors migrate to countries.

CONTACT

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