Montenegro Citizenship by Investment Programme

Dr . Antoine Saliba Haig | 31 Jul 2018

Montenegro Citizenship by Investment Programme launched

The Montenegro Citizenship by Investment Programme was launched in 2018 and it allows investors the opportunity to obtain the citizenship of Montenegro in exchange for investment in the country. The Montenegro programme requires applicants to make a contribution to the government as well as to invest in Real Estate. Applicants and their family members will also be subject to a due diligence process before being able to acquire the citizenship of Montenegro.

Benefits of Montenegro Citizenship

The Montenegro Citizenship by Investment Programme is aimed at attracting high net worth individuals, investors and entrepreneurs, and allows successful applicants and his/her family to enjoy all the benefits of being a citizen of Montenegro. A few of the main advantages are the following:

•    Visa free travel to over 120 countries, including the EU’s Schengen Area, Russia, Brazil & Turkey.
•    Fast application process which takes around 6 months
•    Permanent Residence status within 3 weeks
•    One of the fastest growing economies in the Balkans
•    Euro (€) as the main currency
•    Citizenship granted for life with the right to reside and work in Montenegro
•    The ability to include family members in the same application
•    Citizenship of a country pursuing EU membership
•    Member of NATO since 2017
•    Programme is exclusive to only 2,000 applicants
 

Investment required for Montenegro Citizenship

To be able to submit an application under the Montenegro Citizenship by investment programme, an applicant must be at least over the age of 18 and contribute to the economy of Montenegro by paying a non-refundable contribution of €100,000 to government as well as to invest in Real Estate, as explained below ::

1.    €250,000 investment in government approved projects in under developed regions of Montenegro, or
2.    €450,000 investment in government approved projects in developed regions of Montenegro

Besides the above-mentioned criteria, the applicant must also fulfil the following conditions:
•    Have a clean criminal record from the country of origin and country of residence;
•    Confirmation that the applicant’s assets are not frozen or ordered to be frozen by the EU.
•    Pay due diligence fees for the Main applicant and his/her dependents. 
 

Why Work With Us

Our Residency & Citizenship by Investment practice group is specialised in advising you further on obtaining Citizenship through the investment route in Montenegro, as well as other related requirements including pre-immigration tax planning.


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