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CBI Program in Montenegro, Bosco Conference

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CBI Program in Montenegro, Bosco Conference

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Sofya Silina, Apex Capital Partners, spoke about the benefits of Montenegrin citizenship:
– The country’s accession to the EU until 2025 will give the opportunity to live, work, study in any country of the European Union;
– Thanks to the current agreement, you can apply for an E2 nonimmigrant business visa in the United States;
– Visa-free entry to 120 countries of the world, including Europe and the Russian Federation;
– Agreement on the avoidance of double taxation with more than 40+ countries, including Russia.

According to Sophia, the CBI Program has some limitations: you can only invest in authorized hotel-type development projects. Montenegro selected three marketing agencies for the program in March 2019 through a tender, and Apex Capital Partners is one of them. The term for obtaining citizenship takes up to 6 months, and the application can include a spouse and financially dependent children.

The speaker also spoke in more detail about investment programs:
– Investing in a development project in the South of Montenegro (coast, and Podgorica, the capital) in the amount of 450,000 euros, in state-approved projects that meet the following criteria: a hotel or a whole resort of 5 stars level, with at least 60 rooms/apartments.
– Investing in a development project in the north or central part of Montenegro in the amount of 250,000 euros or more, in state-approved projects that meet the following criteria: a hotel or an entire resort of 4 stars level, with at least 35 rooms/apartments.

Both options have a limit of 2,000 applications from non-EU countries.

Sophya also spoke in more detail about some investment offers:

For example, the Montis Mountain Resort, which has the opportunity to invest 250,000 euros.

For this amount, the investor will receive:
– room in the property;
– 40% of the net profit from the room;
– the opportunity to obtain citizenship of Montenegro;
– before the project is delivered, the investor can live 1 week a year at the Splendid Hotel (South). After completion – 1 month a year at Montis Mountain Resort.

Another example is the Boka Place quarter in Porto Montenegro, for investing in which 450,000 euros an investor will receive:
– ownership of apartments;
– the investor receives 50% of the profit of the rental pool;
– expenses for property management are 15%;
– the possibility of selling immediately after the completion of the construction of the project;
– the ability to apply for citizenship in Montenegro.

The process of obtaining citizenship takes place remotely, and the period often does not exceed 6 months.

Rade Vukovic, Managing Partner of Montis Mountain Resort, spoke about the prospects of investing in a 5-star hotel Montis Mountain Resort for further citizenship in Montenegro.

The minimum required investment in Montenegro is €350,000 (including government charges) which makes it the most affordable country for citizenship in Europe.

According to the speaker, there is no obligation to live in Montenegro or learn the local language, dual citizenship is allowed.

Rade also spoke about the location of the hotel. The city of Kolasin is located in the north of Montenegro, on a plateau at an altitude of 954 m above sea level.

Timecode:
00:00 Greeting
02:15 Benefits of Montenegrin Citizenship
10:00 About Apex and licenses
10:56 Investment options of the program
11:53 How to calculate duties
15:10 Projects for the Montenegro program
16:05 About Montis Mountain Resort
18:22 About Kolashin
20:37 Hotel scheme
21:00 About hotel
28:05 Questions to Sofya and Rade

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Bosco Conference is well known for annual international VIP-class conferences InvestPro and WealthPro, which the company holds in the countries of the European Union, the Middle East, the Baltic States and Eastern Europe. The company’s Speakers and Partners are the world’s leading experts in providing corporate and banking services, asset protection and confidentiality, private capital management, international legal structures, business immigration and citizenship. Our participants and partners highly appreciate the traditional premium level of the events, their relevance, the possibility of business networking with potential customers and partners, the generation of new ideas for business expansion.

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