MONTENEGRO CITIZENSHIP BY INVESTMENT
The Montenegro citizenship by investment programme was launched in 2019. Applicants can apply by investing in one of several government approved real estate development projects. The investment element ranges from €250,000 in the northern and central region to €450,000 in the coastal region. An additional government donation of €100,000 is required, plus application and due diligence fees.
Montenegrin citizenship by investment and a second passport from a European nation is an attractive option for many of our clients. However, it must be noted that although geographically in Europe, Montenegro is not part of the EU. Although it is striving to meet the EU requirements for accession it is not expected until at least 2025. Montenegrin passport holders currently enjoy visa-free travel to over 137 destinations worldwide.
Citizenship of an EU country carries a large premium in the market because of the settlement rights allowing citizens of any EU country to live anywhere within the EU. Obtaining citizenship in Montenegro at this stage for such a purpose would be speculative as to timescale and far from certain.
The main applicant can include their spouse and dependent children up to the age of 18 years old under one family application. Applicants must have a clean criminal record, hold a valid passport or travel document and provide proof of the source of their funds. There is no minimum stay requirement and the application only takes an average of 3 months to be processed.
Please contact us for further details on the programme.