Boka Place – a new project under the “Citizenship by Investment” program

As part of the “Montenegro Citizenship by Investment” program, a new project has appeared — Boka Place, a residential district within the Porto Montenegro marina. As reported byApex Capital Partners, the project portfolio includes 144 apartments, from which you can choose one or several units for a total amount starting from €450,000. These units are part of the SIRO hotel, with access to the hotel’s fitness and wellness center. By the way, the hotel plan includes a gastronomic lab, a juice bar, a panoramic rooftop bar, as well as numerous shops and showrooms.

Property prices

Studios — from €190,000; one-bedroom apartments — from €265,000; two-bedroom apartments — from €347,000; penthouses — prices available upon request.

Benefits for the investor

• The project is authorized under the “Montenegro Citizenship by Investment” program
• The apartments are being built within an already existing large project, the Porto Montenegro marina. Stunning views of Porto Montenegro marina, the Bay of Kotor, and the mountains.
• Owners of serviced Boka Place apartments have access to a 20-meter swimming pool and jacuzzi under a retractable roof, as well as the SIRO hotel gym and sauna.
• Different layouts are available: studios, one-, two- and three-bedroom apartments, as well as two-level apartments with two and three bedrooms.
• All apartments feature open-plan layouts and large French windows.
• The project is located near the elegant five-star Regent hotel and the Knightsbridge Schools International school.
• All five buildings have direct access to the underground garage and parking area.

Montenegro Citizenship by Investment Program

The implementation of the Montenegro citizenship-by-investment program began on October 1, 2019. The program runs for three years. Interested candidates must invest from €250,000 in one of the projects in the north of the country or from €450,000 on the coast or in the country’s capital, Podgorica. The application fee is €100,000. This money is non-refundable regardless of the decision, whether positive or negative. Purchasing real estate in Montenegro does not grant citizenship. Citizenship applications can be submitted remotely; applicants need to visit the country only once. At the same time, investors and their family members will not need to renounce their original citizenship in favor of Montenegrin citizenship; both can be retained.