Other countries offer a route to citizenship following a reasonable period of residence, such as Australia, Canada, Greece, Portugal, Singapore, the UK, and the USA. Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. +44 207 060 1475. In 2016, Serbian government introduced 3 options for the potential investor to qualify for Serbian economic citizenship: Bukh Global guides you through the application process and works to help you find the investment program most suited to your needs and desires. E-2 and E-1 treaty “Investor Visa” signed between Serbia and the U.S. allows citizens of Serbia to operate a substantial business in the U.S. and reside therein; For a standard multi-entry- Visa of 10 years for the U.S., you need 48 hours. In addition to citizenship, immigrant investor programs may provide a possibility to obtain permanent residence permits instead of citizenship. Donation - Serbian Citizenship by Investment Serbia provides you with the most affordable European citizenship package starting at only EUR 100,000 (donation). Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. However, both laws are construed rather narrowly by Serbian authorities at this point. Nevertheless, before enacting such legislation, many open questions need to be answered. As of now, the Serbian Law on Foreigners prescribes a possibility for a foreigner to obtain permanent residence permit without spending a necessary period of time in Serbia “if that is in the interest of the Republic of Serbia”[7]. Until that happens, foreign investors will have to either follow traditional routes or they would have to prove that granting them citizenship is “in the interest of the Republic of Serbia”, without knowing the precise criteria which constitute this ground. Serbia Residence by Investment. This option is not currently explicitly mentioned as a way of naturalization of foreign nationals in Serbia, since the Citizenship Law prescribes that Serbian passport can be obtained only by: Even though the Law does not explicitly stipulate a possibility to acquire citizenship via investment, it actually makes that option available to foreign applicants. ... Investor visa and citizenship by investment programme news. Foreign investors can receive temporary residence in Serbia by buying a … The Law on Citizenship of Serbia and the Law on Amendments to the Law on Citizenship of Serbia discuss the regulations regarding passports and citizen by investment. There are three options for obtaining Serbian citizenship by investment. If you are interested in Serbian residency, you do not have to wait for the Serbian investment citizenship program to start. When the financial obligations are met, you will be issued a passport within 3 months. An exact law that says that a foreign citizen can get a Serbian passport via investment, doesn’t exist. Prior to finding in favor of investor’s application, it is most likely that the Serbian Ministry of Interior along with its Ministry of Foreign Affairs would be in charge of conducting these inspections. Grounds for Economic Citizenship in Serbia. Worldwide, immigrant investor programs can be categorized as follows: According to this categorization, it is most likely that, if enacted, Serbian legislation would provide the Serbian passport by investment to be reached through one of these options. [6] Among those travel regimes, the ones especially worth mentioning are with the EU Schengen States, China and Russia. From Legal support in Investment till all processes with Portuguese Authorities. Movie production incentives are given to the investor as a non-refundable grant, through a return of 25% of eligible costs realized in Serbia…, Company Google violated the provisions of the GDPR regulation, unlawfully collecting personal data of users, thus causing intangible damages…, Due to the increased workload and enlargement of the decades-long law practice, Zunic Law Firm is hiring Associate-Attorneys in Belgrade…, Due to the increased workload and enlargement of the decades-long law practice, Zunic Law Firm is hiring Associate-Attorneys in Novi Sad…, Stay in the loop with the most important updates, Zunic Law Held a Workshop at the Vojvodina ICT Cluster. Foreign investors can receive temporary residence in Serbia by buying a real estate property in the country. [2] Therefore, the authorities may conclude that certain foreign investments are of special importance to national interests, due to which they would be inclined to grant the citizenship request. Serbia is a small country located in the Balkans in the southeastern part of Europe. Phone: +971 4 550 9341 EUR 50,000 – Government fee – Principal Applicant (Business option). Serbian citizenship by investment - complete list of applicable fees. Minimum Investment: $0* Serbian residency is straightforward: buy a property, get a residence card. Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. As Serbia progresses to full integration with the EU, social protections and business investments are being moved to a higher level; the nation is quickly becoming an attractive, fast-growing market. Such programmes confer citizenship status without causing any major disruptions to an investor’s life, provided they pass all the due diligence checks first, make a qualifying investment and provide all the correct documentation. Business Hours: 9:00 AM - 6:00 PM Monday - Sunday Call. Serbian citizenship gives you the The possibility to expand your given business or take advantage of new business and investment opportunities in the EU. 13/2008). Significant direct investment is generally required. Acquiring citizenship by descent 2. Is Serbia likely to offer a route to residency and citizenship through an investor visa? EUR 25,000 – Government fee – Family – Principal Applicant, Spouse, up to 3 Dependents (Donation option). The possibility to obtain citizenship by investment in destination countries is widespread throughout the world, existing in 22 countries.[4]. By enacting aforementioned new legislation, precise criteria could be established, thus improving investors’ position. If you want to become a German citizen, plan to move there, pay taxes, and speak German. Being the cheapest Citizenship By Investment program in Europe, Serbia provides the number of reasons for you to join. According to recently published news, Serbian authorities contemplate about enacting legislation that would allow foreign citizens to obtain Serbian citizenship by investment into Serbian economy. In accordance with international treaties. Serbia is a small country located in the Balkans in the southeastern part of Europe. Company operation and residency in Serbia Office 2803, The Exchange Tower Business Bay - Dubai - United Arab Emirates. Citizenship of Montenegro is the citizenship of Montenegro.It is regulated by a citizenship law, ratified by Parliament in 2008 and published by the Official Journal of Montenegro (No. My immigration consultant offered to buy serbia citizenship by investment. Finally, you can choose make a business investment of at least EUR 500,000 and employ a minimum of 4 Serbian nationals. Alternatively, you can purchase real estate in Serbia for at least EUR 250,000. If you have a feasible business idea, you can also set up company, and apply for residency based on company operation. Under the citizenship-by-investment provisions, an applicant is required to invest actively in the Serbian economy, for example in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. Under the citizenship-by-investment provisions, an applicant is required to invest actively in the Serbian economy, for example in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales. Passive investments in government bonds, real estate, etc. Montenegrin citizenship by admission for realisation of special investment program which has special meaning for economic interest of Montenegro, the Montenegro Economic Citizenship Program (MECP) was launched in 2018 and it allows investors the opportunity to obtain the citizenship of Montenegro in exchange for investment in the country. You are expected to maintain your investments for 5 years. However, no precise criteria exist for determining what is in the Republic of Serbia’s interest, and this is decided on a case-by-case basis. Citizenship of Serbia is regulated by the Citizenship Law of the Republic of Serbia, adopted in 2004 and based primarily on the principle of Jus sanguinis.Article 23 of the citizenship law stipulates that any foreign national with Serbian descent has the right to acquire Serbian citizenship by written request. What we do is provide a pathway to citizenship that does not have residency requirements but will impose strict due diligence and application procedures for the second passport/second citizenship. Until enacting legislation that would allow foreign citizens to obtain Serbian citizenship by investment, some kind of transitional period may be provided by more flexible and consistent interpretation of the Law on Foreigners for certain types of investments, whereby particular investors would have been granted permanent residence under favorable conditions. Several such programmes currently exist in Europe for real estate. Finally, in order to ensure the integrity of the program and reduce the risk of abuse, destination countries run background checks to inspect whether investor’s financial means come from a legal source and whether they have a criminal record. [3] Therefore, foreign investors face uncertainty whether their citizenship application will be successful. St Lucia is one of the newest countries in the Caribbean to offer a citizenship-by-investment program, making it one of the best destinations for foreign investors who want a second passport. Serbia is open to foreign direct investment, as the Government is offering financial and tax incentives to companies willing to invest in the country. Significant direct investment is generally required. Different programs are often in the planning stage and are about to be approved. Investments in the private sector (the aim is to generate new job openings by stimulating foreign investments), Investments between the investor and the government (the aim is to increase government revenues). It is important to understand that unlike neighboring Montenegro for example, Serbia does not have a formal Citizenship by Investment program. The most countries are in the process of planing for Citizenship by Investment, while Citizenship by Investment Serbia is already starting and receiving candidates for Citizenship by Investment Serbia to make a solution for Citizenship by Investment. As Serbia progresses to full integration with the EU, social protections and business investments are being moved to a higher level; the nation is quickly becoming an attractive, fast-growing market. Serbian Citizenship by Investment . But there have been some stories that the Serbian government is discussing a new law that would allow foreign citizens to obtain Serbian citizenship by investing in the Serbian economy. The government is encouraging foreign investment as it puts an emphasis on investment opportunities. We are waiting for your questions about Serbian citizenship. Citizenship by investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. On the other hand, new job opportunities are created in destination countries or they may have other financial interests. The first is a non-refundable donation of at least EUR 250,000. The decision on what constitutes “interest of the Republic of Serbia” is made by the Serbian Government. Therefore, the same ground is applicable both for citizenship and for permanent residence permit. First, please make sure you deal only with reputable companies to avoid any scams. Dejan Mrakovic Partner Tatjana Milenkovic Director Aleksandra Anokic Senior consultant Predrag Jovanovic Consultant Global Employer Services Deloitte Serbia. ⭐⭐⭐⭐⭐ A second citizenship with assistance of APEX Capital Partners Corp. You can get a second passport for the Caribbean, Europe, UK or US. Montenegro CIP About Montenegro 4 Article 14 talks of the conditions which need to fulfilled in order to acquire Serbian citizenship. The Serbian passport can be obtained only by origin, birthright, naturalization and in accordance with some international treaties. do not qualify.In addition to standard documentary requirements (passports, birth and marriag… Investment in Serbia in 2021 – 14 Reasons Why Serbia Is a Great Destination for Your Business December 29, 2020 - 1:33 pm In this blog, we answer the questions about investment in Serbia – why you should invest in Serbia, how to invest in Serbia and other burning questions… If your products are of 51% from Serbia, you can export to Russia and European Tax-free! Namely, Serbian citizenship request may be granted to a foreign citizen whose naturalization is in the Republic of Serbia’s interest. Under the citizenship-by-investment provisions, an applicant is required to invest actively in the Serbian economy, for example in the form of a joint venture or direct investment in a business that creates jobs or generates new export sales. When the financial obligations are met, you will be issued a passport within 3 months. Schengen Area, UK, USA, UAE. Citizenship by investment is a process by which an individual obtains a second passport and second citizenship by investing in the country ― usually in the form of property investment. Does Citizenship by Investment exist in Serbia? According to recently published news, Serbian authorities contemplate about enacting legislation that would allow foreign citizens to obtain Serbian citizenship by investment into Serbian economy. We currently hold a track record of 100% success in obtaining Visa and Citizenship for our customers, the Visa by Investment program. The country is not part of the European Union, but has started talks to join the union in the future. It is mainly based on jus sanguinis, and in general does not permit multiple citizenship, though there are exceptions. How many job openings will their investments be required to create? The Law on Citizenship of Serbia and the Law on Amendments to the Law on Citizenship of Serbia discuss the regulations regarding passports and citizen by investment. It shouldn’t take much to understand that Germany – holding rights to one of the best passports in the world, and among the wealthiest countries in Europe – doesn’t need to sell its passport for any donation, let alone a paltry 350,000 that would peg it at half the value of Malta. May I know how favourable to live in serbia, establishing business, cost of … To foreign investors, Serbia can offer both favorable tax regime and visa-free travel, since its income tax on capital rate amounts to 15%[5] and Serbia maintains visa-free regime with 138 countries. Serbia signed Free Trade Agreement (FTA) with the EU enabling exports of all products originating from Serbia without customs and other fees. In addition, you will need to pay due diligence fees of EUR 7,500 and government fees of EUR 25,000 (EUR 50,000 i… Significant direct investment is generally required. They say it's worthy and in future serbia will be main business hub of eastern Europe and member of Schnegen countries . No, no, no. The Serbian government instituted its Citizenship-by-Investment program to facilitate foreign investment as it emphasizes opportunities for business growth opportunities, real estate plans, both … Considering Serbia is neither EU member state, nor a schengen country, the investment scheme is not very attractive. We are aware that a number of websites are promoting so-called “Serbian Citizenship by Investment” on the internet, so it is important to clarify this point. Visa-free countires With a Serbian passport in your pocket, you are able to travel visa-free to over 130 nations - together with your family! That said, getting your Serbian residence permit involves about 27 steps from buying health insurance to obtaining the right kind of title, but if you know what you’re doing, the entire process is relatively quick. Phone: +381 (11) 440-43-62 [email protected] While still operational, the citizenship by investment program in Cyprus gave you several investment options… but at €2,150,000 (plus V.A.T), it comes at a heftier price than Malta’s. The nation looks to entrepreneurs, managers, and leaders through the Citizenship Program as Serbia moves deeper into the 21st century. We accompany our customers in all process of obtaining a VISA. Email: info@serbiancitizenship.com, Bukh Global Dubai, Office 2803, The Exchange Tower, Business Bay - Dubai - United Arab Emirates, All rights reserved © Bukh Global Partners, 2016, Serbia progresses to full integration with the EU. Minimum Investment: $160,000. How much money or other financial assets will foreigners have to invest in Serbia in order to qualify for the program? Send a message. But it will maybe start around Beginning of 2020 EUR 25,000 – Government fee – Principal Applicant (Donation and Real Estate options). Another reason for which investors intend to obtain another country’s citizenship is to ensure themselves in case political or economic changes occur in their homeland in the future. Schengen Area, Russia, China, Brazil, UAE, and E2 for USA where you can visa free travel You get a Malta Citizenship 167 countries with visa free travel incl. Economic citizenship means that you make an investment in exchange for immediate citizenship; often, it’s actually a donation or at least a really bad investment. Serbian Investment and Citizenship Solutions Serbia Malta You get a Serbian Citizenship with 132 Countries incl. Serbia does not have any official citizenship by investment scheme, as of today. This option is not currently explicitly mentioned as a way of naturalization of foreign nationals in Serbia. Will there be a requirement for them to spend a certain period of time in Serbia before applying for citizenship? Acquiring citizenship in Serbia is regulated by The Law on Citizenship of the Republic of Serbia, which currently provides four basic methods: 1. Originally Answered: Is it worth to take Serbian citizenship by investment? Financial commitments. The country is not part of the European Union, but has started talks to join the union in the future. 11070 Belgrade, Serbia. I must say it depends on your current citizenship. Grounds for Economic Citizenship in Serbia. Over which period of time? Article 19 is an exception that which basically states that, if it is in the interest of the Serbian government to grant you citizenship, then you don’t need to fulfill the conditions in Article 14. +44 2035140088 Email. Serbia. Serbia Residence by Investment. Interests of the Republic of Serbia for foreign citizen’s naturalization may be of economic, scientific, cultural or sports nature. info@serbiancitizenship.com. 9. However it is government policy to reward foreigners who help the country in a very significant manner with Serbian Citizenship and Passport. 19th Floor, 6 Mihalia Pupina Blvd. Example class. Contact Us "GCI Serbia Investment UNIT”, USCE Tower. A significant amount of investments from the Middle East — particularly from the UAE — is increasing each quarter. Investment Options. Thanks for A2A. Depending on the country, there are specific requirements for the investment you can make, and different benefits associated with the passport you acquire. Citizenship by investment program (CIP) in Montenegro Deloitte Serbia, 09 December 2019. St Lucia Citizenship Citizenship-by-Investment. Citizenship by investment programmes offers the opportunity to legally acquire a new nationality in return for an investment in the economy of the host country. At the moment Serbian citizenship is very good if you want to be able to travel both east and west. Possible additional benefits for destination countries may include the introduction of novelties and new technologies in the destination country. There is chatter on the internet of Brazil offering an “economic citizenship program,” which could not be further from the truth. However a business investment of €100,000 creating jobs will lead to permanent residency. Serbian citizenship by investment. Based on the experience of the existing programs that exchange residence rights or citizenship for investments, motivations behind the investors’ desire to obtain foreign citizenship include gaining greater access to visa-free travel and the establishment of residence in low-tax jurisdictions. 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