{"id":29801,"date":"2020-04-28T14:00:00","date_gmt":"2020-04-28T10:00:00","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/uncategorized\/four-european-countries-where-you-can-invest-in-a-second-passport\/"},"modified":"2021-06-08T15:46:17","modified_gmt":"2021-06-08T11:46:17","slug":"four-european-countries-where-you-can-invest-in-a-second-passport","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/four-european-countries-where-you-can-invest-in-a-second-passport\/","title":{"rendered":"4 European Countries Where You Can Invest in a Second Passport"},"content":{"rendered":"

Investing in hotels, private transportation or indulging in yachts and cruises are a well-known tactic to enhance a lifestyle, but in recent years, wealthy individuals are investing in second citizenship or residency as an added security.<\/p>\n

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A recent study revealed that nearly 89% of citizens would like to have a second nationality and passport. In contrast, over 40% of them had investigated and looked for options to invest in second citizenship at some point in their lives.<\/p>\n

Luckily, for those who can afford it, some European countries offer citizenship and residency by investment programs<\/a>. With a substantial investment in real estate, government bonds or donation, investors can obtain a second passport or Golden Visa.<\/p>\n

Jeremy Savory, CEO and founder of Savory & Partners<\/a>, British Consultancy Firm that specializes in Second Citizenship and residency by investment programs, says: \u201cThe motivations for seeking a second citizenship, are as diverse and varied as Savory & Partners\u2019 clients<\/a>. Ranging from a desire to avoid difficult and often painfully long visa application processes to a desire for the peace and stability that often eludes many countries\u201d.<\/p>\n

\"The<\/p>\n

Indeed, having second citizenship in a European country is becoming more than just obtaining a passport. There are advantages towards using European citizenship<\/a> ranging from education opportunities in prestigious universities, improved tax planning, quick access to medical treatment, to registering assets or even opening bank accounts in Europe.<\/p>\n

The truth is that people around the world, and especially in the Middle East, are increasingly looking for second citizenship in Europe; to protect their assets and, more importantly, ensure a safe and prosperous future for themselves and their families.<\/p>\n

Related Article: Best Citizenship by Investment Programs for 2020<\/a><\/p>\n

Meanwhile, others choose to apply for residency by investment programs<\/a>, commonly known as \u201cGolden Visa\u201d programs \u2014 which are often a more affordable way to enjoy the benefits that come along with living in another country.<\/p>\n

When it comes to deciding where to apply for Citizenship by Investment in Europe<\/a>, there are undoubtedly many subjects that must be considered before taking the first step.<\/p>\n

Governments usually run several citizenship programs, so we put together a list of European programs where you can obtain citizenship and passport through investing<\/a>.<\/p>\n

Here is a list of four European countries where you can make an investment in exchange for a second passport.<\/p>\n

1.<\/span> Montenegro Citizenship by Investment Program <\/a>– From \u20ac350,000<\/span><\/em><\/span>
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\"Montenegro<\/strong><\/p>\n

Montenegro welcomes investors who are interested in obtaining European Citizenship<\/a> and passport through the Montenegrin Citizenship by Investment Program (CIP), which officially started taking applications in late 2019. Currently, the country\u2019s CIP has a limit of 2,000 applications.
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Montenegro citizenship and passport can be obtained through two different investment options:<\/p>\n

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  1. A real estate investment of at least \u20ac250,000 <\/strong>in a government-approved project in underdeveloped regions<\/strong> of Montenegro.<\/strong> A nonrefundable contribution of \u20ac100,000<\/strong> to the government development fund is also required.<\/li>\n
  2. A real estate investment of at least \u20ac450,000<\/strong> in a government-approved project in developed regions<\/strong> of Montenegro. A nonrefundable contribution of \u20ac100,000<\/strong> to the government development fund is also required.<\/li>\n<\/ol>\n

    There are additional government and professional fees that apply to both options.<\/p>\n

    Benefits of Montenegrin Citizenship<\/span>
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