Yesterday, we reported that Montenegro’s Secretariat for Development Projects told
In a photo taken during yesterday’s public opening in Montenegro, the names of the 22 companies – along with their place of origin and the date on which they submitted their applications – appear on a list that included a variety of cryptic, handwritten notes.
Update: We’ve been asked to remove the photo originally posted due to the sensitive nature of the handwritten notes. We have, however, obtained permission to reproduce the list (less the notes).
|Application number |
(in order of submission)
|Company Name||Company Home Base|
|1||I.I.I. Immigrant Integration & Invest Gmbh||Austria|
|3||Bright International||NY, USA|
|4||Globevisa Investment Cons||China|
|5||Kylin Prime D.O.O||Croatia|
|6||United International Group Ltd||China|
|7||Yenibirhλyλt Terranova Company||Turkey|
|9||Apex Capital Partners||Podgorica|
|10||Arton Group GmbH||Austria|
|11||Vip Residency DOO||Podgorica|
|12||Coates Global Ltd||London|
|15||Advokat Pantovic P. Ratko||Tivat|
|16||Chetcuti Cauchi Advisors Ltd.||Malta|
|17||Henley & Partners Government Services Ltd.||Jersey|
|18||DOO Dori Digital KFT||Madarska|
|19||Citizenship by Investment Professionals Ltd.||Hong Kong|
|20||Shanghai Overseas Chinese Exit-Entry Service Co. Ltd.||China|
|21||Global Information Consulting Group Ltd.||Malta|
Listed are many of the names you’d expect – Henley & Partners, Arton, Chetcuti Cauchi, and Apex Capital – as well as other large RCBI-firms like Kylin Prime, Coates, and RIF Trust (and by extension, presumably, Latitude).
Of note is the unprecedented appearance of several Chinese companies appear on the roster; Globe Visa, United International Group, as well as Kevin Mao’s Shanghai Overseas, the firm that was part of the original consortium competing last year to obtain a concession to design and implement Montenegro’s program (a tender the government ultimately withdrew).
The procedure of opening and going through the applications yesterday reportedly began around nine in the morning and was not complete until 3 AM.
“The government should actually be proud of the openness and transparency with which they handled this application process. This kind of transparency has never happened in a CIP public tender process, ever. The criteria for determining who is eligible are somewhat complicated, but the government is actually doing the right thing,” said Laszlo Kiss, head of investment migration advisory Discus Holdings, who has partnered with another firm on the above list to apply for a license in Montenegro.
The Montenegrin government has said it will decide on which firms to award the license within 30 days.