5-star hotel Breza in Montenegro: how to buy a share and get citizenship of the country

Montenegro has a citizenship program for investors. To obtain a passport, applicants make a non-refundable contribution to the state fund and buy real estate in the country.

You can buy real estate only in projects that have been approved by the Montenegrin government. The list includes hotels in popular tourist regions — on the Adriatic coast and in the mountains.

By July 2022, more than 75% of the shares and apartments in the approved properties have already been sold. Several apartments are still available in the Hotel Breza.

Author •Vladlena Baranova

Head of Legal & AML Compliance Department, CAMS, IMCM

Real estate in Montenegro: property taxes

5-star hotel Breza in Montenegro: how to buy a share and get citizenship of the country

The 5-star Hotel Breza is suitable for participation in the citizenship program. The hotel is located in the suburbs of Kolasin, which is considered the main ski resort in Montenegro. The ski season there lasts from November to mid-April.

To obtain a Montenegrin passport, an investor must:

buy an apartment in the Breza hotel worth from €250,000;
contribute €200,000 to the state fund.

Terms of the Montenegrin citizenship program by investment

Property owners will receive a yield of 5 to 8% from renting out apartments. The terms of the citizenship program do not set a minimum tenure for real estate. As a rule, the object can be sold and the investment returned after 5 years.

An application for Montenegrin citizenship can be submitted by investors over 18 years of age, who will pass a due diligence check and confirm the origin of funds. Applications are accepted until December 31, 2022, after which the program will be closed.

What is known about the Breza hotel in Montenegro

Location

Kolasin

Distance from airports

80 km from Podgorica
160 km from Tivat

Apartment area

From 28 to 92 m²

Number of rooms

1 or 2 bedrooms
1 or 2 bathrooms

Repair

Standard

View from the window

To the mountains, river or garden

Investments

From €250,000

Deadline

Autumn 2022

Hotel Breza is located near the ski slopes of Kolasin, on the banks of the Tara River. You can get to the hotel by car or public transport from the international airports of Podgorica or Tivat.

The hotel apartments are available for purchase. The design of the apartments differs depending on the room type. For example, the Modern rooms are decorated in Alpine style. The apartments offer views of the river or Mount Belasitsa.

The hotel’s spa includes a relaxation area, a pool overlooking the river, a Jacuzzi, a bar and a gym. The hotel will also have a national restaurant and ski equipment rental.

blok — The Breza Hotel will be commissioned in autumn 2022. The photo shows the state of the object at the beginning of July 2022

What will an investor get by purchasing a share in the Breza hotel

Second citizenship for the whole family. The investor will be able to include members of his family in the application for Montenegrin citizenship:

spouse or spouse, even if the couple is not officially married;
children under 18 and older if they are financially dependent on the investor.

Visa-free entry to 123 countries, as well as the opportunity to stay in the Schengen countries for up to 90 days in half a year.

The opportunity to obtain an E‑2 business visa in the United States, which allows you to live and work in the country. To do this, you need to establish or buy a business in the United States, investing at least $100,000.

Access to the most favorable taxation system: the income tax rate for individuals in Montenegro is 9%.

Immigrant Invest is the official representative of the Montenegrin citizenship program for investment. If you want to buy real estate in the country and get a second passport, seek advice from investment program experts.