Montenegro CITIZENSHIP BY INVESTMENT

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Donation from€200,000

Real estate from€250,000

Time to citizenship:5-6 Months

Visa-free travel:124 Countries

Update: The program of Montenegro closed on the 31st of December, 2022. Click here to view currently available programs.

Though Montenegro is not part of the European Union yet, it does have a pending application to join the EU, making this one of the most sought-after economic citizenship programs in the world. This small, Mediterranean country is extremely safe, has a thriving economy, and of course, some of the most stunning coastal views in the world. While the Montenegro Citizenship by Investment program has a relatively long timeline, the benefits are unmatched.

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It is important to remember that though Montenegro’s application to the EU is in process, this is by no means a “done deal,” and seeking a Montenegro passport solely for this could potentially not have the desired payoff. However, even without EU membership, holders of a Montenegro passport can enjoy the benefits it brings.

Origin of Citizenship by Investment

The Montenegro Citizenship by Investment Program was announced by the government of Montenegro in 2018 and officially started accepting applications in 2019. The program was started as a way to increase the levels of foreign direct investment in Montenegro. These foundational values can be seen in the fees for this program that go directly towards the betterment of the country.

Capital

Podgorica

Continent

Europe

Sea

Adriatic Sea

Total Area

13,812 Km2

Currency

Euro

Visa-free countries

124

Population

620,739

Language

Montenegrin

Benefits of Pursuing Montenegro Citizenship by Investment

Having a Montenegro passport will open a number of doors. This passport has incredible visa-free travel opportunities, could potentially become an EU passport, and grants its owners citizenship in Montenegro. Applicants can include their dependents and family members on the application, enabling their entire family to become Montenegro citizens.

Tax Benefits

Income tax rates in Montenegro are set at 9%, meaning that residents and taxpayers can enjoy a reduction in taxes in many cases.

Ease of Travel

Holding a Montenegro passport grants access to 124 countries without a visa. Citizens of Montenegro can visit the Schengen area for up to 90 days out of any 6-month period. Not only does a Montenegro passport pack a punch but residing in Montenegro makes travel around the EU and surrounding area easier than ever. Places that may have been a day’s worth of flying away can now be a short ride away.

Dual Citizenship in Montenegro

In normal cases, Montenegro does not allow dual citizenship, but with the Montenegro Citizenship by Investment Program, this is an exception.

Access to US Visa

Holders of a Montenegro passport can apply for an E2 business visa to the US. This visa is only available to citizens of certain countries but allows individuals to live and work in the United States. There is an additional investment requirement for this specific visa which usually starts at $100,000.

With many other citizenship by investment programs, it is common to see applicants who are seeking ease of travel and the financial benefits that come with a specific program, but in Montenegro’s case, applicants are often interested in moving to the country and becoming permanent residents. It is clear that it is a great place to live, and this is the easiest way to make the move a reality.

Why Montenegro?

Notorious for friendly people, great weather, and delicious coastal food, Montenegro is a highly sought-after place to call home. With its healthy economy and slowed-down lifestyle, Montenegro really does have it all. The price of the Montenegro Citizenship by Investment Program is affordable, and once an applicant is able to see the country themselves, they will know it is worth every cent.

Visa-free travel
with a Montenegrin Passport

The Montenegrin passport is considered a strong travel document and provides visa-free access to the following countries. Click on the plus icons to view specific countries.

124

visa-free countries

10 years

visa to the United States (B1/B2 Visa)

North America

Aruba
Bonaire; St. Eustatius and Saba
Costa Rica
Cuba
Curacao
Dominica
French West Indies
Haiti
Jamaica
Nicaragua
Panama
St. Lucia
St. Maarten
St. Vincent and the Grenadines
Trinidad and Tobago

South America

Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
French Guiana
Peru
Uruguay

Africa

Burundi
Cape Verde Islands
Comoro Islands
Egypt
Eswatini
Guinea-Bissau
Madagascar
Malawi
Mauritania
Mauritius
Mayotte
Mozambique
Reunion
Rwanda
Senegal
Seychelles
Somalia
Tanzania
The Gambia
Togo
Tunisia
Uganda
Zambia

Europe

Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City

Asia

Armenia
Bangladesh
Cambodia
Hong Kong (SAR China)
Iran
Israel
Jordan
Kyrgyzstan
Laos
Lebanon
Macao (SAR China)
Maldives
Nepal
Palestinian Territory
Qatar
Saudi Arabia
Singapore
South Korea
Sri Lanka
Timor-Leste
United Arab Emirates
Uzbekistan

Oceania

Cook Islands
French Polynesia
Micronesia
New Caledonia
Niue
Palau Islands
Samoa
Tuvalu

Investment Options and Associated Fees

The investment options available for the Montenegro Citizenship by Investment Program are similar routes that vary depending on where an applicant would like to invest. Virtually all requirements for each path are the same, aside from the amount needed as an investment. The investment happens in the form of a real estate investment and a contribution to the state fund.

1 OPTION

Northern or Central Montenegro

€450 000+

If an applicant is looking to invest in real estate in the northern or central parts of Montenegro, then an investment of €200,000 is required to go towards the state fund and an investment of €250,000 can go towards approved real estate. Please note that these prices do not apply to the capital city of Podgorica.

Qualifying projects usually include hotels and resorts; single-family homes generally do not fall under the list of accepted projects. These prices remain the same no matter how many family members the applicant would like to include on the application.

Single investors will pay due diligence fees of €7,000. If an applicant is applying with a spouse or family, those fees go up to €10,000 for a family of 4, with each additional family member requiring an additional €1,500.

Lastly, administrative fees will start at €15,000 for the investor, with an additional €10,000 for each family member (up to 4). For the 5th family member and beyond, administrative fees will be €50,000 per person.

State Fund Investment

Payable upon grant of approval in principle

€200 000

Real Estate Investment

€250 000

Can be resold after 1 year

Due Diligence Fees

Payable on submission of application

SINGLE INVESTOR

€7 000

FAMILY UP TO 4

€10 000

Additional member

+ €1 500

Administrative Fees

Payable on submission of application

SINGLE INVESTOR

€15 000

FAMILY UP TO 4

+ €10 000
per dependent

Additional member

+ €50 000
per dependent from
the fifth family member

2 OPTION

Capital or Seaside Montenegro

€650 000+

In these regions, applicants will be required to submit a €200,000 contribution to the state fund as well as a €450,000 property investment in qualifying real estate projects. All other fees mirror the option above.