The CBI program of Montenegro gives investors a chance to attain Montenegrin citizenship through real estate investment. The procedure is created to be simple and effective, but it is important to know every step included to ensure a compelling investment. This article will guide you through purchasing real estate in Montenegro as part of the citizenship by investment program.
Knowing Investing Requirements
To qualify for citizenship by investment in the Montenegro program through real estate, the candidate should meet particular investment criteria. The investment is divided into two kinds depending on the property location:
- In the coastal area and the capital city of Podgorica, the less investment of almost 400,000 Euros
- The most minor investment in the central and northern districts is 200,000 Euros.
- For real estate investment, the candidate should make a nonrefundable donation of Euros 210,000 to the government of Montenegro. This donation will help undersized regions and increase the nation’s infrastructure.
Opting Best Property
Opting for the perfect property is the crucial step in the procedure. The Montenegrin government has approved particular real estate tasks for the citizenship by investment program. These projects involve resorts and residential areas that will contribute to the nation’s tourism and development aims.
Consulting And Research
It is important to search for accessible projects thoroughly. Working with famous real estate agents and consultants who specialize in citizenship by investment programs can give valuable information about the perfect properties that meet your investing aims and program requirements.
Visits Sites
Visiting the properties in person is unnecessary; it can give you the best knowledge of their quality, position, and potential return on investment. When a visit to the site is not possible, various developers give online tours and complete presentations of their tasks.
Sign The Purchase Agreement
One time you have selected property and fulfilled due diligence, the step is signing the buy agreement. Legal documents outline the sale terms, involve a cost payment plan, and conditions relevant to the assets.
Payment Plan
The buy agreement will need the deposit followed by installment payments based on the construction process and its milestones. Make sure the payment plan connects with financial scheduling and planning requirements.
Agreement Review
Before signing, have the lawyer review the agreement to make sure all terms are in place and comply with Montenegrin law. Ensure the contract includes the clause verifying that the capital qualifies for citizenship through investment programs.
Presenting Citizenship Application
After signing the buying commitment and making a compulsory payment, you can process by presenting the citizenship application. The application procedure involves giving the documents, evidence of investment, and government donations.
Conclusion
Purchasing real estate in Montenegro citizenship by investment program is simple, but it requires considerable time and due diligence. Follow the steps outlined in this article, know your investing needs, choose the best property, conduct due diligence, and work with agents. You can attain Montenegrin citizenship and make an investment in one of Europe’s rising places.
