Henley & Partners - an Established Feature in the Regional Investment Landscape

BY RADE LJUMOVIĆ, Managing Partner, Henley & Partners Montenegro

Henley & Partners – The Pioneering Investment Migration Firm

Henley & Partners established a Montenegro office in 2018 with the aim of providing dedicated support to processing offices in Montreal, Cape Town, Dubai, Hong Kong (SAR China), London, Singapore, and Zurich, and to applicants interested in investing in Montenegro. Henley & Partners Montenegro is an official member of the Montenegrin Foreign Investors Council (MFIC) and AmCham Montenegro.

RADE LJUMOVIĆ, Managing Partner, Henley & Partners Montenegro

The Montenegro Citizenship By Investment Program – Top Citizenship Program in 2022

The Montenegro Citizenship by Investment Program was the most popular citizenship program among Henley & Partners’ clientele in 2022. The potential contribution of the total of 1,112 applications submitted over the three years of the program’s active implementation to the Montenegrin economy is approximately EUR 500 million. About half of these applications were submitted by Henley & Partners. Thanks to the program, intense construction of hotels is underway, particularly in the north of the country. Such projects would not have been realized without the program, and certainly not at the current speed and dynamic.

A key marker of the program’s success is the caliber of its applicants: renowned names in the IT and tech sectors, finance, beauty and fashion industry, and medical professionals practicing at prestigious international clinics either are or will soon become Montenegrin citizens.

One of the program’s greatest strengths lies in its comprehensive due diligence. Before applications are submitted, potential applicants are subject to preliminary checks — first by intermediary agents such as Henley & Partners and then by local and international banks. After submission, as part of the government’s internal process, world-renowned companies, specialized in this field, conduct the official procedure for checking the eligibility of candidates. Unique processes and rigorous evaluations such as these had never been implemented in Montenegro before.

2023 and Beyond – What Lies Ahead?

Aware of the program’s significant impact to date, the Government of Montenegro is conducting detailed analyses and holding advanced discussions on a new investment migration program, which might operate on a different model. In terms of Henley & Partners presence in the country, over and above its primary, the firm’s Montenegro office also serves as a regional hub focused on promoting residence and citizenship investment programs across the globe, as well as investment migrationlinked real estate, education, and concierge services to the many highnet-worth investors who visit the region.

Henley & Partners Education

One of the many benefits of investment migration is enhanced access to premium global education. In unpredictable times, most of our clients are looking to secure world-class education for their children in top schools and universities that provide a stable, safe and nurturing environment. Many countries that host residence and citizenship by investment programs, such as the UK, the USA, Canada, Australia, New Zealand, and numerous European countries, are home to the world’s best educational institutions. With so many options, we can help you make one of life’s most important and difficult decisions: choosing the right education for your child.

Key benefits of top-tier education

-A gateway to the world’s best universities

-Exposure to invaluable international experience, skills, and knowledge

-Excellent prospects globally

-International networking and career opportunities

An all-encompassing service

1. Global school and university placement

2. The Henley Academic Profiling Assessment

3. Concierge services

Our unique offering

• Henley & Partners Education has extensive sectorspecific international experience. We have access to comprehensive global networks and the most up-todate information, and all our consultants have held leading roles in world-class primary, secondary, and tertiary education institutions

• Our comprehensive knowledge of global education combined with our unique, professional, objective assessment of your child’s individual requirements will result in their successful placement in the most suitable school or university

• Throughout the process, from searching for the best options, to preparing your child for interviews, to helping you and your family settle in should you decide to relocate, we offer bespoke additional support services, tailored to meet your family’s specific needs

Lifestyle Real Estate

Over the past 15 years, local real estate practitioners have enjoyed watching Montenegro emerge as a key second home and property-investor market in the Mediterranean. The Montenegrin and regional real estate market is still an emerging market with a great deal of potential for capital growth, and it has a number of favourable benefits. Montenegro has low real estate tax rates, and a successful citizenship by investment program centred around new hotel developments, which are all helpful in the development and advancement of the real estate market in the country and region.

Montenegro

Residence

Situated on the Balkan Peninsula in Southeastern Europe, Montenegro is not only known for being a popular luxury destination, but it also has dynamic investment potential. This safe and stable country has become an economic hub for modern resorts and is working towards having a free-market economy. Successful applicants gain access to the European market as well as European residence. Furthermore, Montenegro is an official candidate country for EU membership.

Population: 602,500

Language: Montenegrin

Economy: Tourism-based

Currency: Euro

Overview

• Processing time of approximately one month from submission of the application to approval

• The right to live, work, and study in Montenegro

Key benefits

-Highly efficient procedure for residence application and opening a bank account

-Minimal application requirements, with only one visit to Montenegro required during the application process

-Eligibility to apply for permanent residence after five years

-Low business operation costs compared to other European jurisdictions

-Duty-free trade and customs agreements with EU member states, Switzerland, Türkiye, and other countries

-Residence in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO

-Residence in a country that is multinational and multilingual, and enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living

E: montenegro@henleyglobal.com

T: +382 20 674 074