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Montenegro

Situated on the Balkan Peninsula in Southeastern Europe, Montenegro is known for its magnificent and unparalleled natural beauty. Emerging as a sovereign state in 2006, Montenegro is a member of NATO, uses the euro as its currency, and is an official candidate country for EU membership.

Montenegro

Citizenship by Investment Overview

The Montenegro Citizenship by Investment Program was developed by the Government of Montenegro and was launched in 2019 as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. The program requires applicants to make a defined economic contribution to the country.

Enquiry Factsheet

Investment

Minimum financial requirement of EUR 350,000 (investment of EUR 250,000 and a donation of EUR 100,000 to the country)

Processing time

Approximately three–five months from submission of the application to approval

Key benefit

The right of free movement to Montenegro, the countries in Europe’s Schengen Area, Russia, and Turkey, among others

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 123 destinations including Europe’s Schengen Area, Russia, and Turkey
  • 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 included 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 are government fees of EUR 100,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas.

Procedures and time frame of 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. Once received by the relevant government department, applications are processed within three to five months.

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.

Montenegro

Citizenship

Montenegro

Country video for the Montenegro Citizenship by Investment Program

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