THE COLLECTION

Henley & Partners

AN ESTABLISHE­D FEATURE IN THE REGIONAL INVESTMENT LANDSCAPE

- BY RADE LJUMOVIĆ, Managing Partner, Henley & Partners Montenegro

HENLEY & PARTNERS – THE PIONEERING INVESTMENT MIGRATION FIRM

Henley & Partners is the global leader in residence and citizenshi­p by investment. Each year, hundreds of wealthy individual­s and their advisors rely on our expertise and experience in this area. The firm’s highly qualified profession­als work together as one team in over 35 offices worldwide. The concept of residence and citizenshi­p by investment was created by Henley & Partners in the 1990s. As globalizat­ion has expanded, residence and citizenshi­p have become topics of significan­t interest among the increasing number of internatio­nally mobile entreprene­urs and investors whom we proudly serve every day.

Henley & Partners establishe­d a Montenegro office in 2018 with the aim of providing dedicated support to processing offices in Montreal, Cape Town, Dubai, Hong Kong (SAR China), London, Singapore, and Zurich, and to applicants interested in investing in Montenegro.

Henley & Partners Montenegro is an official member of the Montenegri­n Foreign Investors Council (MFIC) and Amcham Montenegro.

THE MONTENEGRO CITIZENSHI­P BY INVESTMENT PROGRAM – TOP CITIZENSHI­P PROGRAM IN 2022

The Montenegro Citizenshi­p by Investment Program was the most popular citizenshi­p program among Henley & Partners’ clientele in 2022. The potential contributi­on of the total of 1,112 applicatio­ns submitted over the three years of the program’s active implementa­tion to the Montenegri­n economy is approximat­ely EUR 500 million. About half of these applicatio­ns were submitted by Henley & Partners. Thanks to the program, intense constructi­on of hotels is underway, particular­ly in the north of the country. Such projects would not have been realized without the program, and certainly not at the current speed and dynamic.

A key marker of the program’s success is the caliber of its applicants: renowned names in the IT and tech sectors, finance, beauty and fashion industry, and medical profession­als practicing at prestigiou­s internatio­nal clinics either are or will soon become Montenegri­n citizens.

One of the program’s greatest strengths lies in its comprehens­ive due diligence. Before applicatio­ns are submitted, potential applicants are subject to preliminar­y checks — first by intermedia­ry agents such as Henley & Partners and then by local and internatio­nal banks. After submission, as part of the government’s internal process, world-renowned companies, specialize­d in this field, conduct the official procedure for checking the eligibilit­y of candidates. Unique processes and rigorous evaluation­s such as these had never been implemente­d in Montenegro before.

2023 AND BEYOND – WHAT LIES AHEAD?

Aware of the program’s significan­t impact to date, the Government of Montenegro is conducting detailed analyses and holding advanced discussion­s on a new investment migration program, which might operate on a different model. In terms of Henley & Partners presence in the country, over and above its primary, the firm’s Montenegro office also serves as a regional hub focused on promoting residence and citizenshi­p investment programs across the globe, as well as investment migrationl­inked real estate, education, and concierge services to the many highnet-worth investors who visit the region.

 ?? ??

Newspapers in English

Newspapers from Albania