Montenegro citizenship by investment

Article Breakdown

Montenegro Passport CoverCitizenship in Montenegro can be obtained by donating €100,000 to the government and investing in pre-approved real estate projects worth €250,000 in the northern region or €450,000 in the booming southern region.

The Montenegro Citizenship by Investment Program expires on December 31, 2022, however it should be extended for at least another year.

The program has proven to be a wonderful accelerator for the country’s development, particularly in the north, with over 15 new hotels being erected as a result of CIP investments.

Ten of these hotels are at ski resorts in Kolasin, Bosnia and Herzegovina, and are expected to open within a year. Government funds for development totaled tens of millions of dollars. That is a lot for a service-based economy like Montenegro.

Prior to the program’s commencement, the northern territories of Montenegro had a lot of potential. Now, jobs are being produced there, the high level of unemployment is likely to decrease, and Montenegro is well on its way to compete for winter tourists with all nations in the region.

Background

Rounded Montenegro Flag IconIn 2019, Montenegro began its Citizenship by Investment Program, which provides a less expensive citizen alternative than other European countries. Montenegro, unlike the other CBI choices, is not yet a member of the European Union, though this is scheduled to change in 2025. Nonetheless, the country is a NATO member, and citizens can travel to over 124 countries without a visa. The E-2 Treaty Program also allows Montenegrins to live and work in the United States of America.

Aside from providing affordable citizenship, the process is also quite speedy, with residency taking only three weeks and citizenship approval taking six months. Applicants must invest €250,000 in government-approved property in the northern region or €450,000 in the southern region to be eligible for the program.

Investors must additionally contribute €100,000 to the Montenegrin government. To keep their citizenship, applicants are not obliged to live in Montenegro. Families are only obliged to spend five days in the country every five years.

The Montenegro Citizenship by Investment Program was created by the Montenegrin government and started in 2019 as part of the country’s continued attempts to attract foreign direct investment and enhance economic activity.

Applicants must provide a specific economic contribution to the country in order to be considered for the program.

Citizenship through Investment in Montenegro

The Montenegro Citizenship by Investment Program was developed by the Montenegrin government as part of the country’s ongoing efforts to attract foreign direct investment and enhance economic activity.

The Montenegro Citizenship by Investment Program requires applicants to make a defined economic contribution to Montenegrin society by investing in an approved development project and contributing capital to a government-designated fund for the growth of underdeveloped areas.

In exchange, applicants and their families are awarded Montenegrin citizenship after going through a rigorous vetting and due diligence procedure that includes extensive background checks.

Benefits of Montenegro Citizenship

Visa free access

The Montenegro Citizenship by Investment Program provides visa-free travel or visa-on-arrival entry to 124 countries, including the Schengen Area of Europe, Russia, and Turkey. – Montenegrins have visa-free access to 124 countries.

If you obtain Montenegro citizenship, you can stay in any of the Schengen countries for up to 90 days in a half-year period. However, beginning in May 2023, admission to the Schengen area will require a special authorization obtained through the ETIAS system.

Access to Montenegro + Citizenship in an officially recognized EU candidate country

Montenegro Passport holders from Montenegro can visit the country at any time, even when its borders are closed. They can stay or live permanently in Montenegro. Tourists from most nations, on the other hand, can stay in Montenegro without a visa for up to 30 days.

You also obtain Montenegrin citizenship in a diverse and multilingual European community with a pleasant Mediterranean climate, stunning scenery, and a low cost of living.

E-2 Visa Access

Citizens of Montenegro can apply for an E-2 visa, which allows them to live and work in the United States. Applicants must set up or purchase a business in the United States. Typically, the minimum investment is usually around $100,000.

Family members

The applicant and family members are granted full Montenegro citizenship. Family members can be included on the initial Montenegro citizenship by investment application for an additional fee, and all eligible members in the petition will obtain citizenship.

Beneficial Tax rate

Individuals in Montenegro pay an income tax of only 9%.

Montenegro’s minimum investment requirements

Option 1: €472,000+

The investor meets two financial requirements: he makes a non-refundable investment of €200,000 to a specially constituted state fund and purchases a €250,000 share in a real estate project.

Except for the capital city of Podgorica, the real estate project must be government-approved and located in the northern or central region of Montenegro. Resort complexes and hotels are among the projects that qualify.

Option 1: €472,000+ Main Applicant Married Couple Family of 4 Family of 5+
Non-refundable donation €200,000 €200,000 €200,000 €200,000
Real Estate Investment €250,000 €250,000 €250,000 €250,000
Due Diligence fees €7,000 €10,000 €10,000 €1,500 for each additional applicant starting from the 5th
Administrative fees €15,000 €15,000 + €10,000 €25,000 For the spouses

€10,000 For each of the remaining 2 family members
€15,000 For the investor

€10,000 For each of the other 3 family members

€50,000 For every additional applicant starting from the 5th

Option 2: €672,000+

If the investor purchases a part in a real estate project in the capital or near the sea, the property must cost at least €450,000. The remaining financial circumstances remain unchanged.

Option 1: €672,000+ Main Applicant Married Couple Family of 4 Family of 5+
Non-refundable donation €450,000 €450,000 €450,000 €450,000
Real Estate Investment €250,000 €250,000 €250,000 €250,000
Due Diligence fees €7,000 €10,000 €10,000 €1,500 for each additional applicant starting from the 5th
Administrative fees €15,000 €15,000 + €10,000 €25,000 For the spouses

€10,000 For each of the remaining 2 family members
€15,000 For the investor

€10,000 For each of the other 3 family members

€50,000 For every additional applicant starting from the 5th

Montenegro Country Landscape Photo

Additional requirements to Obtain Montenegro Citizenship by investment

To be eligible for the Montenegro Citizenship by Investment Program, the main applicant must be over the age of 18, complete the application requirements, and make the required payments to the Montenegrin government. To be eligible for the program and obtain citizenship, you have two options:

  1. A EUR 450,000 investment in development initiatives in Podgorica or the coastal districts.
  2. A EUR 250,000 investment in development projects in northern or central Montenegro, excluding Podgorica.

There is also a government charge of EUR 200,000 per application. This donation will be channeled to a specific government fund for the advancement of underprivileged areas (EUR 100,000) as well as the Montenegrin Innovation Fund (EUR 100,000).

There are additional due diligence fees (usually around €10,000) and a government fee (€15,000 or €10,000 per additional applicant)

  • The primary applicant must be at least 18 years old.
  • Investors must be nationals of a third country, not EU/EFTA citizens.
  • Applicants must have no criminal record and no penalties or bans on entry to certain countries, such as those in the EU, the United Kingdom, the United States, or Canada.
  • Investors must demonstrate that their funds were legally obtained and must have a strong credit history.
  • Applicants must be in good physical and mental health.

Procedures and timelines for the Citizenship by Investment Program in Montenegro

All applications are routed through intermediary agents such as Henley & Partners, which have been officially accredited by the Montenegrin government for this purpose. Applications are processed within eight to ten months after they are received by the relevant government department.

It is also worth noting that applications for the Montenegro program are evaluated by leading American and UK due diligence firms, and only exceptional individuals are accepted.

These are high-level professionals, CEOs, bankers, lawyers, doctors, and entrepreneurs – well-respected people in their own countries who will be the ideal advocates for Montenegro in the future.

Dual citizenship

Montenegro Coat of ArmsSuccessful candidates to the Montenegro Citizenship by Investment Program are immune from the country’s dual citizenship restrictions outlined in Article 8 of the Montenegro citizenship law.

Citizenship may be awarded to individuals on the basis of specific contributions (such as economic interest) to the country, according to Article 12 of the law, which applies to successful program applicants.

Frequently Asked Questions about Montenegro CBI

Option 1: €472,000 or more

The investor meets two financial requirements: he makes a non-refundable investment of €200,000 to a specially constituted government fund and purchases a €250,000 share in a real estate project.

Except for the capital city of Podgorica, the real estate project must be government-approved and located in the northern or central region of Montenegro. Resort complexes and hotels are among the projects that qualify.

Option 2: €672,000 or more

If the investor purchases a part in a real estate project in the capital or near the sea, the property must cost at least €450,000. The remaining financial circumstances remain unchanged.

Investors above the age of 18 can get citizenship through investing if they have:

  • Passed the government's Due Diligence screening;
  • Do not have a criminal record; and
  • Have a verified legitimate source of income outside of Montenegro

The investor's spouse, including same-sex partners, is also eligible to participate in Montenegro's citizenship by investment program.

Children under the age of 18 and financially dependent children over the age of 18 can also be included in the application.

The investor must meet two financial requirements: make a non-refundable payment to the state fund of €200,000 and purchase a share in a government-approved real estate project, typically resort complexes or hotels.

The minimum investment for a real estate project in the north of the country is €250,000, whereas the minimum investment for a project in the coastal region or capital is €450,000. View the list of real estate developments that have been approved by the government.

In addition, the investor must pay due diligence and administrative government fees. The total cost is determined by the number of applications.

The €200,000 investment to the state fund is non-refundable. The property share, on the other hand, can be sold and the money returned to the investor.

The administration and Due Diligence costs are non-refundable.

Nobody can guarantee that you will be granted Montenegrin citizenship through investing. Furthermore, if a company advertises a 100% guarantee, you are most likely dealing with a scam.

Immigrant Invest performs preliminary due diligence to reduce rejection risks to less than 1%. Investor documents are reviewed by a certified Anti-Money Laundering Officer who is familiar with the peculiarities of Due Diligence in various countries. If any problems are discovered, we look for a solution, such as adding certain documents or offering alternative program.

Investors are not required to live in Montenegro or pass a language or history exam. The basic requirement is to follow Montenegrin legislation and renew the passport every ten years.

It is also important to understand that Montenegro does not normally permit dual or multiple citizenship. The government, however, has provided an exception for investors who take part in the country's CBI program.

Montenegro is not yet a member of the European Union; nevertheless, it is one of the candidate countries that is projected to join the EU by 2025.

Yes, Montenegro recognizes dual citizenship and will never require investors to give up their current citizenship. The Montengrin citizenship by investment program is a great way to obtain a second passport.

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