Foreigner Who Invests Two Million in Agriculture Can Receive Citizenship

By , 19 Jul 2019, 14:26 PM Business
Minister of agriculture Milutin SImovic Minister of agriculture Milutin SImovic Luka Zekovic

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A foreigner who invests two million euros in primary agricultural production, 3.5 million in the processing of agricultural and fish products or four million in wood processing, can apply for Montenegrin citizenship.

This was stated in the adopted rulebook on the conditions that should be fulfilled by development projects from agriculture and wood processing in the procedure of selecting investors who can acquire Montenegrin citizenship according to the project of economic citizenship.

As stated in this Government document, in addition to these conditions, the investor must employ at least ten workers if the investment relates to primary agricultural production or 20 workers, if it is dependent on the processing and wood industry.

An investor who wishes to obtain citizenship in this way must not apply for other incentive measures related to this investment. Priority will be given to those who enable this investment to substitute imports, utilize unused agricultural land, invest in underdeveloped municipalities, and encourage cooperation with hoteliers.

The government has adopted a decision adding port Kumbor - Porto Novi to the list of nautical tourism ports.

On the public ad for sale, the Government will offer its business premises about 1,100 square meters in the street Vojvoda Misic in Belgrade with an initial price of 916 thousand euros.

Text by Goran Kapor, on July 19th, 2019, read more at Vijesti

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