Even though the Hungarian Residency Bond program is suspended, there are plenty of opportunities for international investors to get a Schengen visa and settle in Europe. One of the newest programs is the Montenegrin citizenship program.
Montenegro is a small country in southern Europe, in the Balkans. Most of its territory consists of mountain ranges, while the Adriatic coast in the south hosts busy ports and attractive tourist destinations. The government offers investment opportunities in real estate projects that are either in the more popular southern or the less developed northern regions. Since the two regions concerned offer different returns, the expected investment sum depends on where you want to invest. In the south, which offers more ROI and fewer risks, EUR 450,000 is expected, while in the north, the expected amount is only EUR 250,000.
Those who invest in any of the real estate projects picked by the government become eligible for Montenegrin citizenship. The application fee is EUR 100,000, and it may include your spouse and your underage children as well. Neither of you need to actually reside in Montenegro or renounce your existing citizenships, while all of you will be allowed to travel visa-free in the Schengen zone and altogether 120 countries of the world, including Turkey, Russia, the UK, and the USA.
Taxation in Montenegro is quite favorable. You pay taxes only on income generated in Montenegro. The personal income tax is only 9-11%, while capital gains tax is 9%, and there are no taxes on gifts, inheritance, or payments from life or property insurance. Corporate tax is again only 9%, while VAT is between 7% and 17%, depending on the product.
Learn more about the investment citizenship program of Montenegro by visiting our partner site, NewResidency.com. There you may also find other European investment citizenship programs using the search tool on the side.
While Hungary has no investment citizenship program, you may gain residency in Hungary through real estate investment. Find out more here.
Need more answers? Fill in the form below, or contact us on our office phone +36.1.317.8570 Monday – Friday, 9 a.m. – 5 p.m. CEST.
Getting residency by investment is a simple way for getting visa-free access to new countries or for securing a second home for yourself and your family. In Europe, the investment residency program of Malta is among the most popular ones. Now it also offers a financing option for investors.Read More
If you have a permanent residence permit, you can simply renew it without meeting any further requirements. Naturally, you will need some supporting documents, partly depending on whether you and/or your family members actually live in Hungary.Read More