[ad_1]
DUBAIUAE, April 9, 2022 /PRNewswire/ — With the sharp rise in demand for residency permits and second citizenship in 2021, a great deal of focus has been given to the investment migration industry. This has invariably led to some notable changes to our leading global residency and citizenship programs in 2022.
Montenegro Extends Its Citizenship Program
The Montenegro Citizenship by Investment Program was launched in 2019 and was scheduled to end on December 31st, 2021. However, the Montenegrin Cabinet has taken the decision to extend the program for an additional year with changes implemented to the program’s terms.
- Investors must provide the government with a bank guarantee of 50% of the investment.
- There won’t be any new approvals of development projects during the period and investors need to buy real estate from the government’s existing list of approved projects.
- The non-refundable contribution to the government has doubled on January 1st, 2022. Citizenship applicants are now required to contribute €100,000 to the national budget and another €100,000 to the regional development fund. The investment structure for the government-approved real estate project will remain unchanged.
The last-minute extension of the program was intended to ensure sufficient funding is available for all development projects to be completed by the end of 2022 due to the increase in applications during the pandemic.
St Lucia Extends COVID-19 Relief Bond
An extension of one year to the Special Covid-19 Relief Bond has been approved by the Cabinet of Ministers in St Lucia. It was introduced in May 2020 to raise additional government revenue during the pandemic and gives potential investors…
Full story available on Benzinga.com
[ad_2]
Source link
