Montenegro Citizenship by Investment Program – Europe

Montenegro is a country in Southeast Europe. It is a member of UN, WTO and NATO. The country is a part of the Eurozone, full EU membership is expected in the next 5 years. Montenegro’s passport gives access to over 120 countries visa free including EU Schengen countries. As of the beginning of 2019, The Government has launched Montenegro Citizenship by Investment program which aims at attracting Foreign Investment to support public projects as well as the development of the tourism sector. The Government has announced that it will limit the number of applications to 2,000 for a total period of 3 years starting on January 1, 2019.

Requirements of the program

An exact minimum amount has not been set for the applicant’s net worth as a qualification threshold for the program. The general rule is that an applicant should be solvent enough to make the required investment and the contribution, pay the associated government and due diligence fees, and be able to support their dependents. All applicants must be of good health, be of an outstanding character and have clear criminal record.

Qualifying family members include:

  • Spouse
  • Children under the age of 18. Above the age of 18 can qualify if they are financially dependent on the principal applicant.

Investment options and requirements

Applicants must make mandatory contribution to an approved Government fund and to make an investment in a real estate development that is approved by the program.

Investment in real estate option is available, with two categories:

  • €250,000 in approved properties located in an undeveloped region (in the northern region of Montenegro)
  • €450,000 in approved properties in a developed region (the coastline and the capital city of Podgorica)

In addition to that, applicants must make a non-refundable contribution (donation) to a state fund at the amount of €100,000 regardless of the investment category that they have chosen.

Montenegro Citizenship by Investment Process

There are four main stages that successful applicants will undergo:

After the application submission, it takes up to 3 months to complete the entire process for all applicants.

Disbursements associated with the application

The following disbursements must be made by the applicants

  • Investment amount and contribution amounts in accordance with the program thresholds:
    • €250,000 in approved properties located in an undeveloped region (in the northern region of Montenegro) or €450,000 in approved properties in a developed region (the coastline and the capital city of Podgorica) and
    • €100,000 non-refundable contribution to a state fund
  • Government fees:
    • €15,000 for main applicant
    • €10,000 per dependent for up to 4 dependents
    • If your family size is above 4 dependents including spouse, please consult with us for exact fee calculation
  • Due diligence fees (to be paid to the Government of Montenegro):
    • €7,000 for a single applicant
    • €10,000 for up to 4 dependents
    • If your family size is above 4 dependents including spouse, please consult with us for exact fee calculation