Project for Montenegrin investment-for-citizenship candidates approved

Project for Montenegrin investment-for-citizenship candidates approved

Published at: 2019-06-25 11:31 | Author: CIJ Serbia
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.

Similar Stories:

MK Group investing €5m in Istria
The Serbian based MK Group is in the midst of a €5m worth of investments in Istria, Croa  »
Ski complex expanding on Bjelasica mountain
Work has gotten underway in central Montenegro on Bjelasica mountain, a ski complex on Cmi  »
Adriatic Marinas to invest another €500m in Porto Montenegro
Adriatic Marinas is planning to invest €500m into the Porto Montenegro resort in Tivat o  »
Malesian Marry Brown coming to Bosnia
Bosnia & Herzegovina  ♦  Malesian Marry Brown coming to Bosnia
The leading Malesia based fast food restaurant chain Marry Brown is set to open its first  »
The largest investment conference in Southeast Europe has gathered over 350 participants f   »
Greece is on the verge of a hotel resort development boom, with over 20 greenfield project   »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »