THE MEDITERRANEAN’S LEADING SUPERYACHT HOMEPORT& LUXURY VILLAGE

DESTINATION MONTENEGRO
Undiscovered Mediterranean gem
295km of coastline
Over 280 sunny days per year
4 UNESCO World Heritage sites and 5 national parks
Limited development to protect diverse landscape

ECONOMY &TRAVEL

An on-the-rise European destination
One of the fastest growing economies in the Balkans
EURO currency
Clear vision & long-term tourism strategy
Business-friendly environment
Investor-friendly economy
Lowest personal, corporate and capital gains tax
rates in Europe (9%)
On path to EU membership by 2025
Montenegrin citizenship by investment available for
qualified investors
3 hours’ flight-time from most European capitals
Served by 3 international airports
No visa requirements for nationals of Russia, Ukraine,
EU, USA, UAE, Kuwait and Qatar
Low crime rates, safe and secure living conditions

FAVOURABLE TAX ECONOMY
Tax benefits due to outside EU status
Low corporate, personal and income tax rate (9%)
Marine-related and tourist services capped at 7%
Tax and duty-free yacht and jet fuel
9% withholding tax levied on dividends paid to non-
residents
Real Property Tax levied on ownership of property
0.56% in Tivat
21% VAT on newly built property – companies eligible
for VAT refund
0% tax levied on inheritance of real estate
Double taxation avoidance treaty with over 40 countrie

INVESTING IN MONTENEGRO
No investment restrictions on foreign ownership
No minimum investment
No stamp duty
MNE banking system does not conform with
Automatic Exchange of Information (AEOI) and Common Reporting Standards (CRS)
Added security and privacy protection for account
holders
Tax secrecy (taxpayer information not publicly
available

TOURISM GROWTH
Increased number of overnight stays, luxury hotels
and retail brands in Tivat since 2013
85% growth in tourist arrivals from 2015 to 2018
50% annual growth in tourist arrivals in winter and
shoulder months
Steady growth of air traffic in Tivat airport (avg. 6% YoY growth since 2011)
10% annual avg. increase of air travel passengers since 2011

REAL ESTATE GROWTH
Spike in cost of real estate since adoption of the
Euro
Emphasis on real estate appreciation in coastal areas
21% increase in price per m2 between 2017-2019 in
coastal areas
Avg. price per m2 increased by 62% in Porto
Montenegro between 2009-2019
Rental yields avg. 2% and max. 5% in 2018
25% increase on resale prices in 2018

PORTO MONTENEGRO
UNESCO protected Bay of Kotor location
Flagship development and lifestyle destination
Owned by Investment Corporation of Dubai (ICD)
whose portfolio includes Emirates, One & Only
Resorts and Emaar Properties
Pioneering development in the region
World-class, full-service 450-berth marina and luxury
residential village
440 residences already built, around 80% sold
Thriving international community
Premium real estate for sale and rental
Access to the Mediterranean cruising grounds,
Croatian archipelago and Greece
International retail and dining scene
Sports, leisure and cultural amenities
Year-round calendar of international events

MASTERPLAN
1. Ksenija Residences
2. Teuta Residences
3. Zeta Residences
4. Ozana Residences
5. Milena Residences
6. Tara Residences
7. Retail Village
8. Regent Hotel
9. Regent Pool Club Residences - Aqua
10. Regent Pool Club Residences - Baia
11. Elena Residences
12. Boka Place (2023)
13. Arena
14. Fuel Dock
15. Customs Office
16. International School
17. Pmyc – Pool, Restaurant & Nightclub
18. Pmyc Lounge
19. Naval Heritage Collection
20. Innovation Centre
21. Pmyc – Gym, Tennis & Sailing
22. Pmyc Beach
23. Synchro
24. Marina Park
25. Blue Room
26. Arsenal Business Club
27. Ozana Business Club
28. Helipad
P. Parking

REGENT POOL CLUB
RESIDENCES (RPCR)
The Regent Pool Club Residences extension of the
five-star Regent Porto Montenegro hotel combines
two luxury wings - AQUA and BAIA - to offer a total
of 216 managed residences together with units in the
core hotel.
Positioned in between the two wings is a multitiered
pool podium with 38m infinity pool, offering
astonishing views of the Bay and the calm waters of
the marina.
The contemporary, chic apartments, each with a
landscaped terrace, are inspired by the Italian Riviera,
with unobstructed sea and mountain views, offering
fine real estate in the up-and coming Tivat Riviera,
Montenegro.
Buyers of RPCR units can enter an optional rental
pool program to enjoy direct access to the extensive
services and amenities of the five-star Regent Hotel as
well as an onsite management team to take care of all
maintenance and rental administration at the owners’
request.
The residences are the perfect fit for buyers seeking
international standard property for sale in Montenegro,
either for luxury second home or investment
purchases

REGENT POOL CLUB RESIDENCES (RPCR)

Two residential wings – AQUA and BAIA
129 luxury homes
Studio, 1-, 2- and 3-bedroom units
Landscaped gardens
Multi-tiered pool podium with 38m infinity-edge pool
Residents-only courtyard
Impressive penthouses with intimate rooftop views
Hotel-managed units
Optional rental pool programme
Direct access to five-star Regent hotel services and
amenities
Onsite management team
Luxury second home or investment purchase
Access to Regent’s spa center
Complimentary PMYC Silver Membership

ELENA RESIDENCES
The village’s latest addition, Elena Residences, brings
50 high-specification, contemporary residences to
the inventory, and forms part of an extended retail and
dining promenade, Strada Navale, Porto Montenegro’s
main walkway and the village backbone.
Owners of properties in Elena Residences will also be
eligible to opt-in to the M Residences Bespoke Rental
Management & Servicing Solutions as a means of both
driving revenue and ensuring a luxury experience for
rental guests. The scheme covers furniture packages
as well as operational equipment

ELENA RESIDENCES
Bespoke collection of private residences available for
immediate occupancy
Elegant addition to waterfront residential collection
50 high-specification and fully serviced units
Residents-only pool and gym
Exquisite mountain and sea views
Studio, 1-, 2- and 3-bedroom units
Luxury penthouses with extensive terraces and
private pools
M Residences bespoke rental management &
servicing solutions
Preferential access to Regent Pool Club Residences
Pool Podium (at reduced rate of -30%)
Complimentary PMYC Silver Membership

BOKA PLACE NEW DEVELOPMENT
Porto Montenegro’s newest neighbourhood
More affordable opportunities to own a property in
the enviable address
Sought-after investment location on the country’s
south - a hub for tourism and real estate
Stunning location in the heart of the Bay of Kotor
Sound infrastructure & guaranteed delivery
First citizenship qualifying development in coastal
Montenegro
Mixed-use, state-of-the art complex featuring
five-star facilities and modern wellness concept
Five-star hotel by Kerzner International, featuring
new fitness and wellness concep

BOKA PLACE EXPLORE THE LIFE LESS ORIDNARY
144 managed residences that are part of the mixed-
use hotel
69 private residences managed by M Residences
Rental Management Service
A mix of studios, 1, 2 and 3-bedroom apartments and
2 and 3-bedroom duplexes
Siro, a new 240 key five-star wellness hotel from
Kerzner International
A high-performance fitness zone
An open concept shopping mall anchored by a
large supermarket and multi-screen luxury cinema
complex
A wide range of restaurants and cafes
Leisure spaces around a central square, vertical living
walls, botanical gardens and water features
A two-storey underground garage with 425 parking
space

MANAGED RESIDENCES
144 SIRO-managed homes offering access to the
360° vitality hub including a rooftop pool and bar
Benefits include hotel concierge services, in-room
hospitality and entertainment
Uniquely designed to support in-house wellness
activities
Opportunity to participate in SIRO rental pool
programme
Buyers are eligible for Montenegro’s Citizenship by
Investment Programme

PRIVATE RESIDENCES
69 private homes with the option to participate in
the M-Residences management programme
Access to exclusive facilities including an infinity
swimming pool and landscaped outdoor spaces
Unique opportunity to integrate decorative art
features by internationally renowned artists Bradley
Theodore and Miljan Suknovic

SIRO
IMMERSIVE LIFESTYLE EXPERIENCES BY KERZNER
240 keys across four buildings, of which 96 are hotel
rooms and 144 are serviced residences
Serviced residences, hotel rooms, specialised
wellness and lifestyle offerings
Double-height lobby, feel-good food and beverage
concepts, rooftop bar, interactive social areas,
concept retail and co-working spaces
A cutting-edge fitness club, Recovery Lab, dedicated
space for yoga and meditation, swimming pools and
nutrition-led dining
The wellness hub includes revitalisation treatment
rooms, an infrared sauna, flotation tank, cryotherapy
room, meditation hideaway and recovery lab
A 20-metre pool and jacuzzi with retractable roof

BENEFITS OF MONTENEGRIN CITIZENSHIP
Fast process, residency within three weeks
Approval of citizenship within six months
No language requirements
No obligation to relinquish current nationality
NATO Member
Candidate country for future expansion of the EU,
expected by 2025
Global mobility with access to 124 nations visa-free
Strategic geographical location in Europe with direct
access to Adriatic Sea
An outstanding holiday destination

QUALIFICATIONS
To qualify for residency or citizenship, applicants must
fulfill one of the investment options in addition to
meeting the following criteria:
Possess a valid passport or another foreign
travel document
Submit all documents and information
required under the program and
successfully pass the due diligence and
background verifications, including the ones
relating to the source of funds used to make
the qualifying contribution and investment
Hold no criminal record
Apply through one of the licensed agents
under the program

INVESTMENT
ENTRY CRITERIA
INVESTMENT OPTIONS
GOVERNMENT FUND DONATION
Applicants must make a contribution of
€ 100,000 in the form of a government
fund donation.
REAL ESTATE INVESTMENT
In addition to the donation, applicants
are required to invest in approved
real estate projects in the country
such as Porto Montenegro’s newest
neighborhood - Boka Place.
€ 450,000: minimum investment into
real estate
INVESTMENT OPTIONS

PROCESSING FEES
Applications to the program will incur
the following fees:
€ 15,000: Main applicant
€ 10,000: per qualifying dependent,
for up to four dependents
€ 50,000: per qualifying dependent,
for the fi
fth and every next dependent
DUE DILIGENCE AND AGENCY FEES
Applicants must cover the fees for the
due diligence as well as the relevant
processing fees by the licensed,
Government approved agent

STEPS & TIMELINE
The following table breaks down the program application process to three stages
with a total of six steps. Each step must be completed before continuing to the next.
STAGE I
QUALIFICATION
Month 1-2
STEP 1
Choose an agent licensed for the program to get
qualification approval and reserve the suitable real
estate unit to accompany your application.
STEP 2
Collect application documents and pay processing fees.
STAGE II
PRE-APPROVAL
Month 2-5
STEP 3
The fi
le is received by the program administration. The
application is reviewed for administrative compliance.
Due diligence and background veri fi
cation is performed.
STEP 4
Decision in principle is delivered.
In case of approval, applicant is invited to proceed with
the contribution and the investment.
STAGE III
NATURALIZATION
Month 6
STEP 5
Travel to Montenegro to submit residence application
and have biometrics collected. Citizenship application is
submitted during the same trip.
STEP 6
Receive naturalization certi fi
cate(s) in Montenegro.
Apply for and collect passport(s).

RESIDENCY PERMITS
Foreign nationals can apply for a Temporary
Residence Permit through purchasing real estate
Permits last for 1 year and can be renewed annually
and extended to immediate family members and
next of kin
Other conditions for temporary residence include
employment, study or family reunification
Permanent residency can be granted to Executive
Directors who own at least 51% of a company’s
shares or as a result of marriage
As a formality, foreign nationals leaving Montenegro
for longer than one month each year must notify the
authorities when leaving and upon return

OPENING A COMPANY
Limited Liability Companies (LLCs) can be formed by
foreign nationals
Founding capital 1 EUR
Companies should employ an Executive Director

Employment contract and Temporary Residence
Permit required
Legal company address required
Corporate bank account to be opened with a
Montenegrin bank
Employers must register their employees (including
Executive Directors) for tax, VAT and employment
purposes (Health and Pensions Insurance)