The Wait is Over: Montenegro CIP Opens For Applications, First Submissions Yesterday

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More than two years since it was first announced, Montenegro’s new Citizenship by Investment Program is now officially open. Yesterday saw the first official applications submitted.

“While we have many files in their final stages of preparation and due diligence, we believe that this first applicant will lead the way for the many others that are currently in the pipeline,” commented Arton Capital’s Vice President, Milos Stojanovic, as he hand-delivered the first application yesterday.

“The program has already attracted a great deal of attention ahead of its launch, and we expect demand to be high,” said Rade Ljumović, Director at Henley & Partners in Montenegro.

Chief executives at the two concessionaire companies – the third is Apex Capital Partners – made sanguine statements following the launch yesterday.

Juerg Steffen, CEO of Henley & Partners, calling Montenegro one of Europe’s “best kept secrets”, said the program represented “an extraordinary opportunity for both the Montenegrin people and for high-net-worth investors around the world” and that his firm was “confident that the country’s exciting new program will exceed all expectations.”

Armand Arton, President of the company that bears his name, acknowledged that the opening had taken longer than expected but was bullish on the program’s prospects.

“Though the program took some time before starting to accept applications, we are confident that the process has become seamless, and we look forward to working with the Government of Montenegro for years to come as their beautiful nation begins to welcome new opportunities and investments,” he commented.

Want to know more about Montenegro’s CIP? To see recent articles, FAQs, official links, and more, visit its Program Page. To see which firms can assist with applications to the program, visit the Residence & Citizenship by Investment Company Directory.