- 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.
Montenegro, a Balkan country in southeastern Europe on the Adriatic Sea, may not be top of mind for a luxury destination. But the tiny country is one of the top destinations billionaires are traveling to in 2019, according to a recent report by Business Insider and luxury travel agency Original Travel.
"Montenegro is set for a luxury upgrade in 2019 with the Chedi Lustica Bay newly opened and One & Only opening its first resort in Europe next year with Portonovi in Boka Bay," Tom Barber, co-founder of Original Travel, said of Montenegro, which has a population of 620,000.
As a yachting hotspot with striking scenery, Montenegro is emerging as a luxury destination, with some calling it "the next French Riviera."
"In fact, it’s not just the unspoiled terrain, ample sunlight, and hospitable locals that have made Montenegro an exciting travel destination but also a bevy of newly renovated and built luxury hotels and restaurants, which have caused some to call Montenegro the next French Riviera," Nick Mafi wrote in Architectural Digest in 2018.
The tiny country, which is about the size of Connecticut, is bordered by Bosnia and Herzegovina, Serbia, Kosovo, Albania, and the Adriatic Sea.
It has about 182 miles of coastline on the Adriatic Sea.
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