- Pay €100,000 to the Montenegrin government, which goes into their development fund, supposed to support infrastructure in non-tourist areas of the country.
- And make a €250,000 investment in a government-approved development project in the undeveloped part (generally the north, away from the coast) of Montenegro.
- Or make a €450,000 investment in a government-approved development project in the developed, southern part of Montenegro.
- You must also be a citizen of a non-EU country, have a valid passport from there, be able to prove you have a clean criminal record and demonstrate that your investment funds were legally obtained.
Since you can already travel whenever you want, why not consider a second or third tier passport obtained after 3-5 years residency period with little or no investment. EU passport/residency always come with tax bill.Funny, after reading this thread last month I ended up going down this track of researching. My passport says I am a Kiwi (New Zealand citizen).. It's a great passport but the more diversified I get the more I want a backup plan (is it Simon Black that says that, always have a backup plan?).
I'm still deciding on where I want residency long term, but Europe is seeming the most likely place. Anyway, the top option I can find right now seems to be Montenegro. Here's the criteria:
Sounds easy in theory, and not a huge investment for what is a pretty good passport. The passport gives visa-free or visa on arrival access to 124 jurisdictions according to Wiki. I've also been digging into infrastructure investments in the country and there seem to be some good opportunities, though I wouldn't expect them all to go smoothly. Done correctly the passport could be paid off via the investments within ~5 years (but know the risk!!).
However, it's all moving pretty slowly. Despite claims it will be ready and smooth sailing by 2020, it has been a very long time coming. I'm not convinced the program will actually be handing out citizenships in 2020, let alone passports. So you probably want to be patient.
But, I'm optimistic. Friends have said "go to Canada" but I don't want to live in that miserable cold and pay crazy taxes for 5+ years.
If anyone has more insight, let me know!
That's the main reason why I'm trying to look outside the box. I pay around 10% personal tax at the moment and don't want to have to get residency in a high tax country for another passport.Since you can already travel whenever you want, why not consider a second or third tier passport obtained after 3-5 years residency period with little or no investment. EU passport/residency always come with tax bill.
According to our youtube friend, it is E100k donation or E250k real estate purchase inland or E450real estate purchase on the coast +vat +agents fee. The biggest expense I see is future tax liability when they join the EU and further down the line ,tax on worldwide income. Visa free to EU and Russia but not good for The Americas and UK/Ireland.What are the requirements to get a second passport in Montenegro?
As much as I appreciate your overt advertisement, one reason is: YOU WILL NEVER GET IT.Why not try Panama, but first contact the POLS which is a licensed Panama law firm specializing in all Panama offshore legal services, including the formation of Panama Corporation and Panama foundations. Their Offshore corporations and foundation packages are the most complete in the industry. In addition, they offer Panama immigration services, Panama real estate transaction processing, escrow services, and maritime vessel registration. Just Google "POLS Panama Law Firm Specialist" and also do research on Panama, cause it may be exact what Void need.