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MONTENEGRO

CITIZENSHIP BY INVESTMENT

Overview

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.

  • icon Processing time

    Average time of 3 months

  • icon Visa free travel

    Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, Turkey and UAE

  • icon Investment type

    Real Estate project + a non-refundable financial contribution to the Government of Montenegro

  • icon Investment cost

    Minimum EUR 350,000

  • icon Family dependents

    Spouse, dependent children below 18 years old and dependent parents.

  • icon Passport validity

    Ten (10) years for both Adults and minor children

Citizenship law or Residency Law

Country Info

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.

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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

Benefits

Costs

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).

1. COMBINED INVESTMENTS

DONATION TO THE MONTENEGRO GOVERNMENT FUND Non-refundable financial contribution to a Government fund

Government Donation
EUR 100,000

2. REAL ESTATE INVESTMENT

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
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
DUE DILIGENCE & BACKGROUND CHECKS

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

DUE DILIGENCE & BACKGROUND CHECKS

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.

Required Documents

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.

Timeline

MONTH 1

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.

MONTH 2

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.

MONTH 3

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.

The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

MONTENEGRO VISA FREE countries

* Visa on arrival

124Countries

  • Albania
    Andorra
    Antigua and Barbuda
    Argentina
    Armenia
    Austria
    Azerbaijan
    Bangladesh
    Belarus
    Belgium
    Benin
    Bolivia
    Bosnia and Herzegovina
    Brazil
    Bulgaria
    Cambodia
    Cape Verde
    Chile
    Colombia
    Comoros
    Costa Rica
    Côte d’Ivoire
    Croatia
    Cuba
    Cyprus
    Czech Republic
    Denmark
    Djibouti
    Dominica
    Ecuador
    Egypt
    Estonia
    Eswatini
    Ethiopia
    Finland
    France
    Gabon
    Gambia
    Georgia
    Germany
    Greece
    Grenada
  • Guinea
    Guinea-Bissau
    Haiti
    Hungary
    Iceland
    India
    Iran
    Israel
    Italy
    Jamaica
    Jordan
    Kenya
    Kyrgyzstan
    Laos
    Latvia
    Lebanon
    Lesotho
    Liechtenstein
    Lithuania
    Luxembourg
    Madagascar
    Malawi
    Malaysia
    Maldives
    Malta
    Mauritania
    Mauritius
    Micronesia
    Moldova
    Monaco
    Mozambique
    Nepal
    Netherlands
    Nicaragua
    North Macedonia
    Norway
    Pakistan
    Palau
    Panama
    Peru
    Poland
    Portugal
  • Qatar
    Romania
    Russia
    Rwanda
    Saint Kitts and Nevis
    Saint Lucia
    Saint Vincent and the Grenadines
    Samoa
    San Marino
    São Tomé and Príncipe
    Saudi Arabia
    Senegal
    Serbia
    Singapore
    Slovakia
    Slovenia
    Somalia
    South Korea
    Spain
    Sri Lanka
    Suriname
    Sweden
    Switzerland
    Tajikistan
    Tanzania
    Timor-Leste
    Togo
    Trinidad and Tobago
    Tunisia
    Turkey
    Tuvalu
    Uganda
    Ukraine
    United Arab Emirates
    Uruguay
    Uzbekistan
    Vatican City
    Vietnam
    Zambia
    Zimbabwe

*The list of countries is subject to variations depending on each government's policy and so is access to these countries.

brochure

Content
  • Program Overview
  • Citizenship Law
  • Country profile
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Document Checklist
  • List of countries Visa free and on arrival
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10 pages3.76 MB
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