Montenegro

Citizenship-by-Investment Program

The Government of Montenegro has launched a new Citizenship-by-Investment Program which is in line with the Governments ongoing efforts to attract foreign direct investment. The Montenegro Citizenship-by-Investment Program requires applicants to make a defined investment in development projects in the country and an economic contribution to a special development fund. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families can become citizens of Montenegro, and obtain the country’s passport.
Official Name: Montenegro

Capital: Podgorica

Region: Southeastern Europe, between the Adriatic Sea and Serbia

Official Language: Montenegrin

Surface Area: 13,812 km2

Population: 614,249 inhabitants (July 2018 est.)

Currency: Euro

GDP: $11.08 billion (2017 est.)

GDP per Capita: $17,800 (2017 est.)

Member of European Union: no

Member of Schengen-Area: yes, since 2009

Henley Passport Index: Ranked 45th with 123 destinations visa -free access

Benefits

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Full citizenship, with passport rights, for all applicants

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Visa-free access to 123 destinations, including all the countries in Europe’s Schengen Area, Singapore, Hong Kong, United Arab Emirates, Turkey, and other countries

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No language requirements

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Montenegro is a candidate for EU membership

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Montenegro is considered as one of Europe’s popular luxury and tourist destinations

Requirements

To qualify for the program the applicants may choose to fulfil out of the two following investment components:

An investment of EUR 450,000 to projects in developed areas, or

An investment of EUR 250,000 to projects in underdeveloped areas.

In addition, a contribution of EUR 100,000 per application must be deposited. This contribution will be directed to a specific fund for the progress of underdeveloped areas.

Further, applicants must be free from criminal record, fraud, malpractice, financial fraud or indemnities.

Process

The exact costs and procedures will be officially announced soon.

Costs

The exact costs and procedures will be officially announced soon.

Important Points to Consider

According to the Governments official decision, the Montenegro Citizenship-by-Investment Program is limited to just 2,000 applicants and will only be available for a three-year period.

Montenegro has entered into an association agreement with the EU, and is aiming to become a candidate country of EU membership.

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