U.S. tech innovators choose Montenegro’s citizenship by investment program for home diversification
Posted: October 19, 2021 at 4:00 a.m. EDT|Update: 37 minutes ago
LONDON, October 19, 2021 / PRNewswire / – Henley & Partners Reports a Sharp Increase in Interest in Montenegro’s Citizenship by Investment Program, with a flood of applications from dynamic and successful US citizens, most of whom are Gen X powerful. leading international residency and citizenship consultancy firm is one of only three government-appointed marketers to from Montenegro highly sought after citizenship program, expected to end at the end of this year.
Rade Ljumović, Managing Partner at Henley & Partners in Montenegro, says high net worth investors are attracted to Montenegro for many reasons. “Beyond the mild Mediterranean climate and the abundant beauty, investors see significant opportunities in Montenegro – one of the fastest growing economies in the Balkans. We receive applications from leading US tech innovators, whose real estate investing is just the beginning – all are fully aware that Montenegro focuses on driving digital innovation. There are no restrictions on foreign ownership and Montenegro offers one of the Europe the most advantageous tax regimes. In addition to all the usual benefits of additional citizenship, the real estate boom means investors are likely to see great returns on their real estate investment. “
U.S. citizens are aware of the growing need to diversify their citizenship portfolios, according to Mehdi Kadiri, managing partner and head of North America at Henley & Associés. “The shockwaves of Covid-19 induced volatility throughout 2021 saw more entrepreneurs build diversified home portfolios by investing in residency and citizenship through investment programs, such as from Montenegro attractive offer. The main objective is to overcome the limitations and associated risks of being limited to a single jurisdiction. Thanks to its ease of access to major EU metropolises, investors see Montenegro as an ideal and inexpensive entrance door Europe and related networking and business opportunities across the region. “
Applicants for Montenegro Citizenship by Investment Program must make a minimum financial contribution of 350,000 euros (investment of 250,000 euros and a donation of 100,000 euros in the country), and in return, and subject to a strict screening and due diligence process, including extensive background checks, they and their families are granted Montenegrin citizenship within three to five months.
from Montenegro passport regularly ranks in the top 50 worldwide. Currently, he sits in 48e position on the Henley Passport Index, with holders enjoying visa-free or visa-on-arrival access to 123 destinations around the world, including countries of Europe Schengen area as well as Hong Kong, Russia, Singapore, Turkey, and the United Arab Emirates. In addition to being a member of NATO, Montenegro is a recognized candidate for future EU membership, with chief government negotiator Zorka Kordić recently giving 2024 as the target timeline for Montenegro’s membership.
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SOURCE Henley & Partners
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