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Montenegro CIP Unveiled at Global Citizen Series in Dubai

Montenegro CIP Unveiled at Global Citizen Series in Dubai

Arton Capital introduced the Montenegro Citizenship-by-Investment Program to partners and agents in the UAE.

In the presence of over 70 distinguished guests at the Capital Club Dubai this past Sunday March 24th, Arton Capital unveiled Montenegro’s new Citizenship-by-Investment Program (CIP) in the esteemed presence of H.E. Dušanka Jeknić, Ambassador of Montenegro to the United Arab Emirates. 

The event was held a week after the Montenegro government publicly announced the appointment of Arton Capital as Authorized Partner for the CIP. 

Founder and President of Arton Capital, Armand Arton introduced the multitude of unique benefits that CIPs offer to investors and the positive impact it will also have on the nation.  

“This has been a long-anticipated moment, where Montenegro is weeks away from accepting applications for their new Citizenship-by-Investment Program,” said Arton. “We are thrilled with the impressive number of investors interested in contributing to the development of this wonderful country.”  

In her speech, Ambassador Jeknić welcomed investors to discover Montenegro and the many investment opportunities available in the country.   

At a starting investment of €350,000, Montenegro’s program will prove to be one of the most competitive in Europe, with the following investment requirements: 

  • €100,000 in the form of a Government Fund Donation, and 
  • €250,000 investment in approved real estate in an undeveloped region (north of the country), or 
  • €450,000 investment in approved real estate in a developed region (south of the country). 

The program will last for three years, during which a maximum of 2,000 applicants will be granted citizenship. 

Montenegro has seen one of the fastest growing economies in Europe and is quickly becoming a key destination for some of the most important industries around the world due to its strategic position. As a young state, it offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life.  

Their passport, currently ranked 37th in the world by The Passport Index, allows Montenegrin citizens to travel visa-free to over 118 countries. Its ranking is expected to rise significantly with its upcoming accession into the European Union. 

With Montenegro’s prominent natural beauty and sophistication, the real estate and tourism sectors will also begin to play a vital role for the nation. From their famous Lake Skadar to the beauty of mountainous Kolasin, developing the vast potential in the northern region with renowned hotels and establishments has become a priority. Additionally, the succession of luxury developments in the capital of Podgorica and the coastal regions have already begun to unfold with plans to develop five-star hotels and mixed-use developments in the area. 

“Montenegro is a beautiful country that has just become even more desirable,” concludes Arton in his speech. “We fell in love with the people and the breath-taking topography during the Global Citizen Forum, which we hosted in Sveti Stefan last year, and we are very excited to be actively involved in the region for the years to come.” 

Armand Arton also introduced the next Global Citizen Forum, which will be held in Yerevan, Armenia in October 2019. 

 


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