Recently, at the 13th Global Citizenship Conference held in London, Prime Minister of Montenegro Duško Marković delivered a brilliant speech covering the achievements of the Montenegrin government as well as its economic and political priorities, which attracted significant attention from global investors. Today, based on the speech content published on the official website of the Montenegrin government, we have translated and compiled some key highlights for your reference!
Montenegro is peaceful and prosperous, and is the next member of the EU
Since its independence in 2006, Montenegro has made significant progress in overall socio-economic development. It has consolidated its position as the most economically developed country in the Western Balkans and solidified its status as a completely secure country based primarily on unique multilateral relations and multi-ethnic harmony; we have no open issues with our neighbors, our foreign policy is aligning with the foreign and security policy of the EU, and Montenegro is certainly the next member of the EU.
Latest tourism-related data, breaking multiple records
To illustrate, this is the latest information I have just received: in the first 9 months of this year, we welcomed 360,000 tourists, and the number of overnight stays increased by 1.35 million compared to the same period last year, an increase of 11%. We expect to exceed 2.5 million tourist arrivals in our country this year, which will reach an average of four tourists per capita for the national population. At the same time, we have made huge investments in the northern region, will invest more than 800 million euros in highways, and will select strategic partners for our airports.
Since joining NATO, Montenegro has seen astonishing growth in investment
Montenegro's economy has had a high growth rate over the past three years: 4.9% in 2017, 5.1% in 2018, and 3% in the second quarter of 2019. Since joining NATO, we have received more than 64% growth in investment from other member states. The total foreign direct investment over these three years has exceeded 1.5 billion euros, and more than 3 billion euros in investments are currently underway. We have also recorded 30,000 new jobs, meaning the unemployment rate has dropped by 8%.
As a country with relatively fast economic growth in Europe, Montenegro has always been favored by many investors! In particular, as a pillar industry of the Montenegrin national economy, its tourism and tourism real estate industries are continuously attracting international capital and growing rapidly! According to data from the Statistical Office of Montenegro, the number of tourists visiting Montenegro in 2018 increased by more than 15% compared to the previous year. The World Travel & Tourism Council (WTTC) predicts that Montenegro's tourism industry is expected to grow at a rate of 8.8% over the next 10 years, with broad room for development.
Among them, the first investment citizenship project approved by the Montenegrin government—the Westin Resort Hotel—is limited to 240 spots, with only 130 spots remaining globally! This project is located at a well-known tourist attraction in Montenegro—the Kolašin 1450 Ski Center in northern Montenegro. Currently, there are no competing products of the same level in the surrounding area. It offers permanent property rights and can be sold or transferred after 5 years, making it highly sought after! At the same time, the North-South Highway project, contracted by a Chinese company, is underway. It is expected that after the highway opens, Kolašin will achieve "city-level" traffic connectivity with the capital of Montenegro, which provides significant development prospects for tourism real estate.
Currently, the Montenegro Citizenship by Investment Program, which has attracted much attention from investors, has grandly landed in China, and global investors are being actively recruited! Recently, the launch conference and inauguration ceremony of the Montenegro Citizenship by Investment Program, jointly organized by Visas Consulting Group and the Montenegrin government, were successfully held in Beijing, Shanghai, Shenzhen, and Qingdao. The Director and Deputy Director of the Montenegrin Immigration Bureau, the Montenegrin Ambassador to China, and other high-ranking government officials attended to provide analysis. The popularity of the conference far exceeded expectations, with huge crowds!
Montenegro Citizenship by Investment Program launch conference in China, popularity far exceeded expectations, huge crowds
Among countries with open citizenship by investment programs, Montenegro is an EU candidate country from the EU's eastern expansion region that uses the Euro as its legal tender. With an investment starting from 350,000 euros, you not only obtain a passport from the EU candidate country of Montenegro, but your investment assets are also in Euros, allowing for Euro asset allocation—a win-win choice! More importantly, choosing the Montenegro Citizenship by Investment Program now can save you approximately 450,000 RMB. Spots are limited; good projects do not wait! For details, please consult: 400-138-2929
As a top 500 Asian brand, Visas Consulting Group, as an introducer of European investment immigration, maintains friendly exchanges, long-term interaction, and cooperation with the Montenegrin government, making it your best choice for obtaining a Montenegrin passport.
