Indeed it is. As Montenegro is home to 629,000 people and is renowned for its friendly hospitality as well as its pristine, vast peaks and beautiful lakes.
The country’s beating heart is the beautiful Mount Loven, and its 273 kilometers of gorgeous Adriatic Coast are dotted with white sand beaches and home to the exclusive Porto Montenegro, one of Europe’s most coveted resort towns. Superyachts, helicopter fleets, luxury homes, and opulent nightclubs all call this natural harbor home.
A short distance away is Kotor, a historic town that has Venetian, Austrian, and baroque architecture and is included as a UNESCO World Heritage Site because of its picturesque setting.
The tourism industry is the most important contributor to the economy of this peaceful and safe nation, and Montenegro is consistently ranked as one of the best tourist destinations in the world.
According to the World Bank, Montenegro has one of the most rapidly expanding economies in the Balkans, and the country is rapidly becoming a vital strategic destination for some of the world’s most significant businesses.
According to the Guide Passport Ranking Index, the Montenegrin passport is currently positioned in the 46th position. It allows you to visit 126 countries without a visa. The result is a mobility rating somewhere in the middle.
Passport holders from Montenegro may visit countries including Brazil, Egypt, Turkey, and the European Union without a prior visa or by obtaining a visa at their point of entry. This paves the way for very instant worldwide transport. However, citizens of Montenegro need a visa to access around 103 countries. Visas may be needed for entry into some countries, such as China, Japan, and India.
Power of Montenegro’s Passport:
- Simple and confidential dual citizenship for the whole family
The law of Montenegro does not restrict people from holding more than one citizenship. In addition, the fact that Investment has granted a foreign national a Montenegro Passport from this country will be kept secret and will not be disclosed to any other parties. Because of the expense, getting a passport will take around one year and six months. There is no need for you to stay in the receiving state for the whole of this period. If the primary candidate’s family can demonstrate that they are financially dependent on him, they will be eligible to get passports for the nation.
- Citizenship for real estate
Citizenship by investment in Montenegro may be obtained for those who meet certain criteria (gratuitous subsidies plus returnable investments in real estate). After the application has been reviewed and given the go-ahead by the appropriate authorities, payment for the property will be paid. The funds are kept safe and secure in escrow accounts until they are released. In the case that the candidate is not selected, the individual will get the whole sum back.
- European integration
The World Bank has previously categorized Montenegro as an upper-middle-income nation, and the country is now in the process of applying to join the European Union. It is anticipated that by the year 2025, the country will become a member of the European Union, at which point the territory will become a part of the Schengen region. Additionally, the nation is a part of NATO.
- Passive rental income
The impending integration into the European Union will act as a driver for the growth and prosperity of the tourist industry in Montenegro, which is one of the most important industries for this jurisdiction. As a direct consequence of this, the rental revenue that Montenegrin resort real estate generates in the future will increase even more.
- Ease of travel
When it comes to removing visa requirements, the passport held by Montenegrin citizens is ranked number 42 on the list of the most valuable passports in the world. It grants the holder the ability to enter 123 countries without a visa or the right to obtain a visa upon arrival in those countries. These countries include the Schengen countries of the European Union, Russia, the United Arab Emirates, Turkey, Singapore, Hong Kong, South Korea, and other locations. It is necessary to get a visa before traveling to the United Kingdom, Canada, Australia, or the United States.
- Benefits for Foreign Investors
After cleaning up the mess left behind by the former Eastern Bloc, the government of Montenegro has embarked on a plan to bring wealth and capital into the country from outside sources. As part of this plan, they have created financial and commercial incentives for international investors. In particular, the Montenegrin legal system features some of the most competitively low personal income tax rates available anywhere in the Old World.
- Fair costs
The cost of real estate in Montenegro is consistently ranked among the lowest in all of Europe. When the nation in question becomes a member of the European Union, the current state of affairs might shift. As forecasted by industry professionals, the result will be an increase in the property’s value.
- Alternative Jurisdiction Passport to Europe through Montenegro
The Balkan jurisdiction is rapidly becoming a new playground for affluent people from over the globe and tourists as a result of its breathtaking natural beauty, which includes a great coastline and fascinating culture. The state has a good chance of being known as “the next Monaco.”
- “Gateway” to the United States
If you have a Montenegrin passport that was obtained through the Montenegrin citizenship investment program, you are eligible to apply for an E2 American non-immigrant business visa to move to the United United States. This visa enables you to legally reside in the United States without being considered a tax resident of the United States. However, t This visa is not available to the bearers of certain passports, including those issued by Russia, Belarus, China, and a few other governments.