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June 23, 2021

Why investors should look at Porto Montenegro as the first choice for Montenegro’s citizenship?

Encircled by mountains, Montenegro offers a safe haven, with protected harbours, sheltered towns and sights of unspoilt natural beauty. Its distinctive, rocky coastline hides away the UNESCO protected Boka Bay, home to Porto Montenegro, and many of the Adriatic’s secret coves, secluded beaches and friendly, welcoming locals.

Joining the number-one luxury destination in the Adriatic, Porto Montenegro’s newest neighbourhood, Boka Place, becomes the country’s first coastal development to qualify for the Citizenship by Investment Programme, offering a fast-track to citizenship for qualified investors and a wealth of associated benefits from just 450,000 Euros.

Earlier this year, the team at Porto Montenegro celebrated with some of the first homebuyers who have recently received their Montenegrin passports and official citizenship certificates. This marked an important milestone of an exciting journey through Montenegrin Citizenship by Investment and we have seen interest from United States, Russian and South African investors increase.

As the second fastest-growing tourism economy in the world and 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.

“Living and working in this stunning country, the benefits are obvious to me” – states South African native Brennon Nicholas, Sales and Marketing Director at Porto Montenegro. “I’m always interested to hear from our clients and investors about what motivated them to choose Montenegro. Several factors are almost always highlighted; the extremely low personal and corporate tax rates, capped at just 9%, the central-Europe location, the safety of the Euro currency and the outstanding natural beauty of this magnificent destination.”

Montenegro represents a solid investment opportunity

Montenegro’s favourable 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, resulting in tangible ROI for buyers.

As a limited-time opportunity, the programme provides a priceless investment for the entire family and a host of additional benefits in the pipeline, with the country’s planned EU accession by 2025 making Montenegro a strategically located gem in the heart of the Mediterranean and one of the best-connected luxury communities in the world.

Alongside a qualifying real estate purchase, investors are required to make a government fund contribution of 100,000 Euros, alongside processing, application and due diligence fees. In return, ranked 34th in the world for mobility, a Montenegrin passport allows visa-free travel to 124 countries including the Schengen area, no restrictions on foreign ownership and access to one of the most favourable tax economies in Europe, with ease of business and access to international markets.

The Boka Place development is designed to offer the best in urban living, with light, airy and open-plan homes in a hotel operated by Kerzner International. Buyers may secure single or multiple investments, choosing from one of 144 studio, 1-, 2- and 3-bedroom designer properties and a comprehensive rental management programme. With hassle-free ownership at a starting price of 190,000 Euros, Boka Place provides a convenient and affordable opportunity for property ownership on the Adriatic.

With a total processing time of six months from enrolment and an average processing time of three months, the Citizenship by Investment Programme accommodates remote applications, with no relocation or language requirements, obligatory interviews or renunciation of existing citizenship.

For those relocating with the entire family, Montenegro promises a safe, child- and family-friendly environment and inclusive community, with a wealth of natural and cultural treasures. Coupled with its spectacular scenery, Montenegro perfectly accommodates healthy and active lifestyles, whilst preserving its reputation as a trending destination for new businesses and entrepreneurs.

Boka Place is currently under construction and set for completion in 2023.

Already proving popular, approximately 40% of SIRO-managed residences at Boka Place have been sold and reserved over the past 11 months since the launch of off-plan sales in Summer 2020.

Studio, one, two and three-bedroom apartments are available at Boka Place, from €190,000 for studios to POA for penthouse suites.

For further information on Montenegro citizenship and to enquire about Boka Place, please visit www.montenegrocbi.comwww.bokaplace.com or contact Porto Montenegro’s Sales Team at bokaplace@portomontenegro.com