Recently, according to news from CDM in Montenegro, data from the Central Bank of Montenegro (CBCG) shows that from the beginning of 2020 to the end of July, the total foreign direct investment inflow into Montenegro was €419.8 million, with net foreign direct investment inflow reaching €285.8 million in July, an increase of 18.4% compared to the same period last year! It can be said that during the global pandemic, Montenegro has become a popular destination favored by foreign investors!
In fact, at the annual meeting of the Foreign Investors Council held in Podgorica at the beginning of 2020, Montenegrin Prime Minister Duško Marković pointed out: "Based on the interest of foreign investors, the Montenegrin government has introduced corresponding policies and achieved substantial results, with economic growth and tourism development reaching historical highs. Montenegro can be said to be a world-renowned investment destination."
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Data shows that a large amount of foreign direct investment has flowed in, driving the rapid development of Montenegro's economy
In the past decade, a significant amount of foreign direct investment has flowed into Montenegro, becoming an important driving force for its economic growth. Prime Minister Duško Marković stated that since joining NATO, investments from other member countries have increased by over 64%, with total foreign direct investment exceeding €1.5 billion in the past three years, and investments exceeding €3 billion currently underway.
The newly released "World Investment Report 2020" by the United Nations Conference on Trade and Development shows that Montenegro's foreign direct investment stock in 2019 has the highest per capita investment ratio in Europe! Data from the Montenegro Investment Promotion Agency indicates that the main investing countries include Russia, Italy, Norway, Austria, Hungary, and the United Kingdom, with the tourism, real estate, and construction sectors attracting the majority of foreign direct investment.
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A favorable business environment, along with the unification of the currency with the European Union, has made Montenegro a safe and reliable popular investment destination
Currently, the "Montenegro Foreign Investment Law" establishes a clear, friendly, open, and fair business environment, granting foreign investors national treatment in establishing and investing in companies. At the same time, Montenegro enjoys significant economic freedom and currency stability, allowing foreign companies to own 100% of the shares in domestic companies, with profits and dividends freely remittable.
As one of the countries in Europe with lower tax rates, Montenegro has a friendly tax system, with a corporate profit tax and personal income tax rate of 9%. The 2020 World Bank "Doing Business Guide" indicates that Montenegro ranks among the top 50 in the world out of 190 economies in terms of ease of doing business! As an EU candidate country, Montenegro's currency unification with the EU also provides investors with an excellent pathway to freely conduct business in the EU!
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Rapid growth in the tourism industry presents significant development opportunities—Montenegro's tourism real estate is an excellent choice for overseas asset allocation
Montenegro's economy continues to grow, and the tourism industry has also set new records. Duško Marković stated at the 2020 Business Conference organized by the Montenegro Chamber of Commerce: "In 2019, approximately 2.6 million tourists visited Montenegro, with official records showing 14.5 million overnight stays, and our domestic and foreign tourist revenue was about €1.1 billion, allowing us to say that this was the best tourism year in Montenegro's history."
As one of the few countries that regard tourism as a pillar industry of the national economy, Montenegro has consistently focused on developing its tourism sector, achieving leapfrog development. The World Travel and Tourism Council (WTTC) ranks Montenegro first on the list of countries that prioritize tourism as a strategic industry. In the next decade, Montenegro's tourism industry is expected to grow at a rate of 8.8%. If calculated with a compound growth rate, Montenegro's tourism industry is expected to have a 50% growth potential in five years!
Great news!Currently, the investment citizenship projects approved by the Montenegrin government—the "Bjelasica 1450 Hotel" and the "Blaz Hotel" projects—are located in the mature tourist areas of northern Montenegro, with broad investment prospects! Moreover, these projects are among the shorter investment duration immigration projects in the European investment immigration market, with no holding period restrictions, allowing investors to freely resell after transfer, making them highly sought after! Starting from €350,000, not only can you acquire property with permanent ownership, but you can also apply for a Montenegrin passport for your entire family, achieving a win-win situation of overseas property and overseas identity!
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Newly approved investment citizenship projects by the Montenegrin government
"Bjelasica 1450 Hotel"
Independent property with permanent ownership
Freely transferable after transfer
Multiple high-quality layouts available, first come, first served
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The second investment citizenship project approved by the Montenegrin government
"Blaz Hotel"
Independent property with permanent ownership
Freely transferable after transfer
Multiple high-quality layouts available, first come, first served
The limited-time and limited-quantity Montenegro investment citizenship project is a convenient way to obtain future EU citizenship, and investment should be made as soon as possible
Currently, among the countries that have opened investment citizenship projects, Montenegro is one of the countries that the European Commission has publicly stated "may join the EU before 2025". A report published on the European Parliament's official website states that Montenegro is among the top candidates for EU membership! The Montenegro investment citizenship project opens a convenient pathway for investors to obtain EU citizenship in the future, and the Montenegrin passport held at that time may be upgraded to an EU passport!
It is worth noting that the Montenegro investment citizenship project runs from January 1, 2019, to December 31, 2021, for a total of three years, and the legislation stipulates that only 2,000 application slots will be accepted! According to recent news released on the official website of the Montenegrin government, more than half of the 2,000 approved quotas have been filled, making it urgent for investors in need to secure their quotas as soon as possible!
The Asia Brand 500 Group, a strong advocate for European investment immigration, maintains friendly relations and long-term interaction and cooperation with the Montenegrin government, making it an excellent choice for you to obtain a Montenegrin passport!
2020 is the year of health planning, with identity as a priority! Choose the Montenegro investment citizenship project, for more details please consult, Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798
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* Property images are provided by the Montenegrin project party for reference only. This article is not an offer invitation and does not contain any commitments or offers; please refer to the official project documents provided by the Montenegrin project. Investment involves risks, and choices should be made cautiously; the above information is for reference only.*