What it's like living as a millionaire in Montenegro, a tiny country called 'the next French Riviera,' where wealthy foreign buyers snap up luxury real estate and dock their yachts in glitzy marinas
- Montenegro, a tiny country in southeastern Europe, is an emerging luxury destination.
- Approximately 64 millionaires live in the tiny country, which is about the same size as Connecticut.
- It recently launched a program allowing wealthy foreigners to obtain a Montenegro passport if they invest hundreds of thousands of dollars in the country.
- It's also one of the top destinations for billionaires in 2019.
- Montenegro is an attractive port for yacht owners, largely thanks to Porto Montenegro, which can fit 450 superyachts and includes luxury shopping and restaurants.
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Montenegro, a Balkan country on the Adriatic Sea, may be an unlikely luxury destination, but its picturesque coastline, luxury hotels, and popularity among yacht owners have made people take notice of what's been called "the next French Riviera."
The tiny European country, which is about the size of Connecticut, is home to approximately 64 millionaires. And a new program is aiming to lure in even more millionaires by letting them invest at least $291,000 in the country in order to get a Montenegro passport.Montenegro, which recently built two massive yacht ports that include luxury residences, hotels, and shopping, has also been compared to Monaco.
The Balkan country was named one of the top destinations billionaires are traveling to in 2019 in a recent report by Business Insider and luxury travel agency Original Travel.
Millionaires in Montenegro can get free 24-hour servicing for the yachts, stay in luxurious hotels like the Regent Porto Montenegro and the island-resort of Sveti Stefan, and reap the benefits of exclusive Owners Clubs and Yacht Clubs.
Here's what it's like living in Montenegro as a millionaire.