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Investing in South Montenegro; All You Need to Know

The term hidden gem is often overused in everyday language, but in the context of international investments, finding a hidden gem opportunity for property ownership can have profound effects, not only on your investment, but also on your lifestyle; introducing Montenegro’s Citizenship by Investment Programme (CBI). 

This boutique country in the south Adriatic often grabs headlines for its ensuing EU accession and picturesque coastlines, but in reality, offers so much more. Though small in terms of population, the nation boasts fantastic infrastructure and a booming real estate market, with its prized coast attracting both regional and foreign investment for many years.

Investment activity peaks in the Bay of Kotor, otherwise referred to as the golden triangle, where a whopping five billion Euros of investments have transformed this area of outstanding natural beauty into an even more extraordinary investment location. As a catalyst for development and growth, the Bay of Kotor has welcomed a number of luxury developments over the years, most famously, Porto Montenegro, where property prices per square metre skyrocketed by 62% between 2009-2019. 

That said, appreciation rates on the whole have rapidly grown in the whole of in Montenegro, with prices growing by a whopping 21% between 2017-2019, while property resale prices have increased by 25%. Sound tempting? 

The Golden Triangle 

The Bay of Kotor, a UNESCO-protected heritage site, is a smart move for any investor. As one of the most highly sought-after tourism and residential locations in the Adriatic and wider Mediterranean region, Boka, as it is locally known, brings unlimited potential with no clear peak in sight. 

At the heart of the bay lies Porto Montenegro, a high-luxury residential and retail village with a world-class marina and a 450-berth capacity, making it the flagship development of the Bay of Kotor. Owned by the Investment Corporation of Dubai, this world-class project has helped transform the Bay of Kotor into a high-end tourism destination, attracting brands from across the luxury hospitality and real estate industry. Today, Montenegro is home to resorts such as One&Only, The Chedi and Regent, coupled with state-of-the-art marinas housing some of the largest superyachts afloat. 

The Bay of Kotor’s infrastructure is now second to none, while haute cuisine takes centre stage as residents and tourists enjoy a lifestyle of grandeur and gastronomy. 

Porto Montenegro – A life less ordinary in the Bay of Kotor

Porto Montenegro became the catalyst for a brighter future for this small European nation, with an age-old vision to create a hub for the elite, their superyachts and facilitate high-end lifestyles. This exceptionally placed development quickly attracted the attention of international media outlets, marking Porto Montenegro as the Mediterranean’s most refined and endeavored waterfront address. 

As more international on-lookers drew their attention to the development, many of the elite invested in getaway units, second homes and investment properties, attracted by Montenegro’s financial benefits and the developer’s credible track record. 

A place to call home, Porto Montenegro offers a lifestyle of countless activities, high-end dining and even accommodates the youngest members of the family, with educational institutions such as the Knightsbridge Schools International offering the International Baccalaureate programme to children aged 3-18 years.

Boka Place – a thriving new neighbourhood

At the very entrance of Porto Montenegro, a stunning new mixed-use development becomes the village newcomer, overlooking the bay waters and featuring unique community, a buzzing wellness and fitness concept, and exquisite dining opportunities, as well as SIRO – immersive lifestyle experiences by Kerzner International. 

The meticulously designed courtyard features retail and dining outlets, botanical gardens and water fountains, with backstreets leading one way to a state-of-the-art fitness centre and an impressive multiplex Cinema, and the other way, to the mainstream Porto Montenegro south village. 

Its proximity to three international airports and access to Mediterranean cruising grounds makes Boka Place a highly-sought investment attraction, couple with first-class amenities and robust infrastructure, adding to property value and resale potential.

The complex, due for completion by 2023, offers investors a selection of private or hotel-managed residences, the latter of which form part of the qualifying residence portfolio for Montenegro’s Citizenship by Investment programme.

Boka Place & CBIP

Those investors meeting the 450,000 Euro investment threshold by purchasing units from SIROs portfolio of 144 available apartments are eligible to apply for Montenegro’s CBI and gain European citizenship for themselves and their family members. Investors can choose from a number of hotel-managed residences, including:

  • Studios from €190,000
  • One-bedroom apartments from €300,000
  • Two-bedroom apartments from €470,000
  • Three-bedroom apartments from €950,000
  • Penthouses (POA)
The clock is ticking

With Montenegro’s CBI open until the end of 2021, those looking to apply must complete their applications in the next 6 months and thanks to Porto Montenegro’s collaboration with trusted, government-approved law firms to ensure a seamless process for clients, investors can rest assured that their applications will be fully supported from start to finish. 

For further information please enquire via +382 32 660 700, bokaplace@portomontenegro.com or submit your request directly via developer’s website. 

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Boka Place in Porto Montenegro: The Profitable Route to European Citizenship

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Porto Montenegro

Welcome to Boka Place, a hub of relaxed luxury living perfectly situated within the secluded enclave of the extravagant Porto Montenegro. Boka Place’s position as one of the first projects approved for Montenegro’s citizenship by investment program (CIP) may seem like a defining feature, but that is just the first page in a book describing why Boka Place is a route to financial prosperity, an affluent lifestyle, and life-transforming possibilities.

Montenegrin citizenship by investment (CBI) has raised the bar by offering the elite a pathway to gain citizenship in the world’s second-fastest-growing touristic country, which has started its EU accession process and is en route to becoming a full-fledged EU member come 2025.

There are, however, two factors of any citizenship by investment process; the citizenship itself is the first and, as the Montenegrin passport offers visa-free access to 124 countries worldwide including the Schengen area, it is clear Montenegro’s CIP checks that box. The second vital factor is the investment itself, as it should pay off either by elevating your lifestyle or providing you with a proper ROI; enter Boka Place in Porto Montenegro.

What is Porto Montenegro?

Located in the serene and naturally stunning Adriatic Bay of Kotor, also known as Boka Bay, in the southern region of Montenegro, you’ll find an urban corner where serenity intertwines with luxury; that place is Porto Montenegro.

A refined urban center beaming with high-end housing, mouthwatering cuisine, a plethora of activities, and extravagant shopping districts. Porto Montenegro offers the elite an escape from the hustle and bustle of the average metropolitan areas while providing the infrastructure they need to live life to its fullest.

Home to a spectacular residency village oozing luxury, a 450-berth superyacht marina, and unmatched natural scenery, Porto Montenegro not only offers a top-tier lifestyle but amazing aesthetics all around. The residential aspect is expertly complimented with a heavenly gastronomy scene that makes having dinner each night feel like a once-in-a-lifetime trip.

What about Boka Place?

As more elite families began flocking into Porto Montenegro the need for an urban quarter arose; and with it came Boka Place. A high-end urban quarter scientifically designed to produce arguably one of the best lifestyles on the Adriatic coast. Boka Place fuses luxury amenities with elite private housing in an area filled to the brim with stunning views of the village and marina below. Perfectly situated to take in the sea air yet maintain its urban vibe, Boka Place offers families a unique chance to get the best of both worlds.

See available units in Boka Place

Investors are spoilt for choice at Boka Place. They can purchase single or multiple units out of 144 units available ranging from one- to three-bedroom homes starting at an exciting EUR 190,000. These airy and open-plan homes, which are located in the luxury hotel operated by Kerzner International, are surrounded by activity centers such as high-end fitness centers and gyms, fine dining cafes and restaurants, friendly faces, and gorgeous parks.

An investment that pays off

Boka Place is not just a means to an end: Although qualifying for the Montenegro CIP, Boka Place has been designed to be the ultimate stand-alone investment. The Mediterranean climate and the allure of Porto Montenegro play a big part in making Boka Place a unique investment as well.

Investors and their families wanting to relocate to a serene yet luxurious location can live their best lives in Boka Place as Montenegrin citizens, while others, who do not wish to make it their home just yet, can get an attractive ROI by renting out their units through Kerzner International’s hotel and expertise.

Porto Montenegro itself is one of the fastest-growing tourist destinations in the highly touristic southern region of this European nation. The south of Montenegro has long been known for pleasant weather, top-tier infrastructure, and high-end cuisine. Porto Montenegro has raised the bar even further, offering tourists a unique place to bask in the magnificence of the Adriatic. This sets the stage for high property appreciation rates in the future.

The stakes have never been higher

The most intriguing aspect of Boka Place is that its potential is two-fold; the high return and the possibility of getting a citizenship that could become an EU one in a few years for an amount just one-quarter of that required in the now-suspended Cyprus CIP.

The Montenegro CIP itself is unique, offering European citizenship for a competitive price, as those who invest 450,000 Euros in Boka Place and donate 100,000 Euro for infrastructure development in Montenegro obtain Montenegrin citizenship and passports in as little as six months.

Montenegro also has a beneficial taxation landscape with corporate and capital gains tax set at a competitive 9%, and opening a business is as easy as can be. This supplements Montenegro’s CIP, as the country is unique among its CIP peers in its ability to provide an elite living standard within a strong European economy.

Boka Place plays a colossal part in making that happen, creating the perfect atmosphere for the elite to both get their citizenships and a new home beaming with life and luxury for their families at the same time.

To know more about this opportunity contact us at Porto Montenegro today.

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The post Boka Place in Porto Montenegro: The Profitable Route to European Citizenship appeared first on Investment Migration Insider.