Montenegro Citizenship , Situated on the Balkan Peninsula in Southeastern Europe, Montenegro is known for its magnificent and unparalleled natural beauty. Emerging as a sovereign state in 2006, Montenegro is a member of NATO, uses the euro as its currency, and is an official candidate country for EU membership.
Requirements/Investment Options for Montenegro Citizenship
To qualify for the Montenegro Citizenship by Investment Program, the main applicant must be over 18 years of age, meet the application requirements, and make the qualifying contributions to the Government of Montenegro. There are two routes to choose from to qualify for the program:
An investment of EUR 450,000 to development projects in the capital of Podgorica or in the coastal regions
An investment of EUR 250,000 to development projects in northern or central Montenegro, excluding Podgorica
In addition, there are government fees of EUR 100,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas.
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.
The Montenegro Citizenship by Investment Program requires applicants to make a defined economic contribution to Montenegrin society through an investment in an approved development project, and a capital contribution to a fund designated by the government for the advancement of under-developed areas. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.
Dual citizenship
Successful applicants to the Montenegro Citizenship by Investment Program are exempt from the country’s restrictions on dual citizenship stipulated in Article 8 of the law on Montenegrin citizenship. Article 12 of the law states that citizenship may be exceptionally granted to individuals on the basis of special contributions (such as economic interest) to the country, which applies to successful program applicants.
Processing time for Montenegro Citizenship
Approximately three–five months from submission of the application to approval
Key benefit of Montenegro Citizenship
The right of free movement to Montenegro, the countries in Europe’s Schengen Area, Russia, and Turkey, among others
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