Immigration Alert: Here’s one way to become a European citizen

By Rajive Singh

DUBAI 17 March 2019: Those who are considering migrating have one more option apart from the usual Canadian or Australian immigration schemes – they can acquire a European passport.

But there is one catch to European citizenship – you need to have money and invest it in Montenegro.

Montenegro is one of the most beautiful and dynamic countries in Europe, and its citizenship-by-investment program will unlock global mobility for a wide range of wealthy investors. Currently ranked 45th on the Henley Passport Index with a visa-free/visa-on arrival score of 123, the country has an admirable safety record and a strong commitment to the rule of law. As well as being a Nato member, it is a recognized candidate for future membership of the European Union, and is in the process of aligning its legislation with EU law, says Dr. Juerg Steffen, CEO of Henley & Partners.

The Montenegro Citizenship-by-Investment Program is limited to just 2,000 applicants and will offer individuals several options in terms of investment, including a EUR 450,000 investment in projects in developed areas, or a EUR 250,000 investment in projects in less developed areas. The government will, in addition, charge a fee of EUR 100,000 per application. The compensation will be directed to a special fund for the development of underdeveloped areas.

Montenegro has already had significant success in attracting the global community of high-net-worth individuals, with the Porto Montenegro marina now a highly sought-after destination for the global elite.

Dubai Gazette