Minimum EUR 350,000
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. Montenegro economic citizenship program allows foreigners to be granted the citizenship of Montenegro at the discretion of the Ministry of Interior Affairs and Public Administration through a designated investment.
Processing time Average time of 3 months
Visa free travel Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, Turkey and UAE
Investment type Real Estate project + a non-refundable financial contribution to the Government of Montenegro
Investment cost Minimum EUR 350,000
Family dependents Spouse, dependent children below 18 years old and dependent parents.
Passport validity Ten (10) years for both Adults and minor children
The Montenegro citizenship by investment program has officially announced the new economic citizenship scheme on Oct 1, 2018. The decision came into force on Jan 1, 2019 and will apply until Dec 31, 2021
Montenegrin Citizenship by Admission scheme was published in Official Gazette of Montenegro 34/10, 40/16 and 62/18 which was adopted at the session of 22 November 2018.
Montenegro is a Balkan country in Southeastern Europe with a coast on the Adriatic Sea to the south. Its dramatic natural beauty,
including the imposing mountains that wall the coast, inspired 15th-century Venetians to name it Monte Negro, or Black Mountain.
Heroic-looking highlands, picturesque bays overlooking the royal blue Adriatic Sea, antique Venetian villages and UNESCO heritage cities,
draw both domestic and foreign tourists.
Montenegro is quickly becoming one of the most sought-after destination for businesspeople seeking to invest, mobility, security and an increased quality of life.
| CAPITAL | PODGORICA |
| POPULATION | 642.550 |
| LANGUAGE | Serbian, Montenegrin (official), Bosnian, Albanian, Serbo-Croat |
| GOVERNMENT TYPE | Parliamentary Republic |
| CURRENCY | Euro (EUR) |
| EXCHANGE RATE | 1 USD = 0.89 EUR |
SIMPLE PROCESS
The investment is payable only after the citizenship approval, not before
No need to renounce your current citizenship(s)
No notification to your home country on your new citizenship
No physical residency requirements, you are entitled to apply instantly
No interview, language test, education or management experience required
GLOBAL MOBILITY
Instant visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, and UAE
E-2 Treaty Program signed between Montenegro and the United States which allows citizens of Montenegro to apply for an E-2 Investors Visa to reside and work in the U.S.
Montenegro is a candidate country for future expansion of the EU which is expected by 2025.
Reputable second passport easy to obtain visas when required
WEALTH PROTECTION
No taxes on capital gains, gift, wealth and inheritance; No taxes for non-residents
One of the lowest tax rates in Europe
Ability to open bank accounts in reliable banking institutions worldwide with this passport
No restriction on the repatriation of profits and imported capital
Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance
To be eligible for citizenship in Montenegro under its Citizenship by Investment Program, applicants must invest in a Government approved Real Estate project and also make a non-refundable financial contribution to the Government (BOTH COMBINED).
Non-refundable financial contribution to Montenegro Government fund Government Donation EUR 200,000
Real Estate Investment through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land. The investment and Government Fees are payable once the citizenship is approved.
Real Estate investment in the capital of Podgorica and other developed regions EUR 450,000 (OR)
Real Estate investment in the underdeveloped regions EUR 250,000
GOVERNMENT FEES
In addition to the purchase of real estate, there are Government fees to be paid.
Main Applicant EUR 15,000
Per family member (up to 4 persons) EUR 10,000
Each additional Family member EUR 50,000
Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.
Main Applicant EUR 7,000
A family of up to 4 members (incl. main applicant) EUR 10,000
Each additional dependent above the age of 16 EUR 1,500
Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.
Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be usedas a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist.
Documents required from each applicant including children:
• Application form for the citizenship approval
• Notarized passport copy (certified with apostille, if applicable)
• Original excerpt of Birth record or certified copy of Birth certificates
• Health insurance policy, valid in Montenegro
• Medical report, assessing your health for infectious diseases
• A clean Criminal Record for all adults for both Country of Birth & Country of Residence (If different) (Applicants above 16)
Documents required only from the main applicant:
• Original Bank statements as proof of financial resources,
• Statement detailing the origin of funds for your fee payment and investments
Documents required only if married persons apply together:
• Original excerpt of marriage record or certified copy of marriage certificates
• Certified copy of divorce certificate (if applicable).
For a personalized document checklist please contact us.
CI will pre-screen your passport for government pre-approval. A down payment for professional fees is payable to start your application.
CI professional team will assist and advise you with the collection of the documents required by the Government. Once the file is ready for submission, Government Processing Fees, Due Diligence and CI submission invoice are payable. CI submits your application.
Due Diligence report is issued to the Government. Based on the results, the Government makes a decision on your Citizenship application. Once approved you are invited to pay the donation or investment.
Citizenship Certificates and passports are issued. The balance of CI professional fee is paid.
The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.