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Montenegro, a tiny country situated on the Balkan coast, has become a popular tourism destination in recent years, and is fast being recognised as a place for foreigners to invest in property. Now, South Africans looking for offshore investments linked to citizenship, visa-free travel and possible access to an EU passport, are focusing on Montenegro as an option.
Having shaken off its Eastern Bloc legacy, Montenegro has embarked on a programme to attract wealth and investment to the country. To attract investors, Montenegro has launched ato encourage and facilitate foreign-direct investment, offering a Montenegrin passport and associated citizenship to investors that make a defined economic contribution to the country.
The Montenegrin passport is ranked 42nd in the world with visa-free access to 123 countries including EU Schengen states, Russia, Turkey, Singapore and more. A visa is needed to travel to the UK, Canada, Australia and the US. It already allows free movement in EU countries and the Schengen area.