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2019-06-25  11:31

CIJ Serbia

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Project for Montenegrin investment-for-citizenship candidates approved


The Montenegrin cabinet has approved a 4-star condominium project development in Kolasin that's been proposed under the auspices of the country's citizenship through investment program. The developer, Kolasin Resort & Spa (also the name of the project company) is expected to make a €11.3m investment in order to complete the hotel, which will offer 93 units and a total of 380 beds and create 66 jobs. The founder of the company is Malaysian based Oriental Management INC. By investing at least €250,000 in the project, foreigners can qualify for Montenegrin citizenship.

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