March 15 (SeeNews) - Montenegro's government has hired Henley & Partners as marketing agent for the country’s new citizenship-by-investment programme (CIP), the company said.
With the support of its citizenship-by-investment programme, Montenegro will be able to play to its growing strengths and repeat these achievements in new locations, particularly in the undeveloped north of the country, Henley & Partners said in a statement on Thursday.
"The programme will be a major provider of debt-free capital, which will both strengthen and diversify the Montenegrin economy and, just as important, create new employment opportunities for Montenegro’s people and enrich its society as a whole," the CEO of Henley & Partners, Juerg Steffen, said.
The citizenship-by-investment programme will be limited to 2,000 applicants and will offer individuals several options in terms of investment, including a 450,000 euro ($509,200) investment in projects in developed areas or a 250,000 euro investment in projects in less developed areas. The government will charge a fee of 100,000 euro per application. The compensation will be directed to a special fund for the development of underdeveloped areas.
Earlier this week, citizenship and residency advisory firm Arton Capital said it was hired as authorised partner for the citizenship-by-investment programme of Montenegro.
($ = 0.883766 euro)