Montenegro Citizenship by Investment

The Montenegro Citizenship by Investment Program was launched by the Government of Montenegro as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country.

The Montenegro Citizenship by Investment Program requires applicants to make a defined economic contribution to Montenegrin society through an investment in an approved development project, and a capital contribution to a fund designated by the government for the advancement of under-developed areas. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.

Benefits of the Montenegro Citizenship by Investment Program

• Visa-free or visa-on-arrival access to over 120 destinations including Europe’s Schengen Area, Russia, and Türkiye
• Citizenship in a country that is an official EU candidate country
• Citizenship in a multinational and multilingual European community that enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living
• Citizenship in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO
• Full citizenship granted to the applicant and family members
• Investment in a development project operated by a renowned hotel brand

Requirements of Montenegrin citizenship by investment

To qualify for the Montenegro Citizenship by Investment Program, the main applicant must be over 18 years of age, meet the application requirements, and make the qualifying contributions to the Government of Montenegro. There are two routes to choose from to qualify for the program:

• An investment of EUR 450,000 to development projects in the capital of Podgorica or in the coastal regions
• An investment of EUR 250,000 to development projects in northern or central Montenegro, excluding Podgorica

In addition, there is a government fee of EUR 200,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas (EUR 100,000) and towards the Innovation Fund of Montenegro (EUR 100,000).

Procedures for the Montenegro Citizenship by Investment Program

All applications are submitted through intermediary agents such as Henley & Partners, which have been officially accredited to the Government of Montenegro for this purpose.

Dual citizenship

Successful applicants to the Montenegro Citizenship by Investment Program are exempt from the country’s restrictions on dual citizenship stipulated in Article 8 of the law on Montenegrin citizenship. Article 12 of the law states that citizenship may be exceptionally granted to individuals on the basis of special contributions (such as economic interest) to the country, which applies to successful program applicants.