Montenegrin Citizen by Investment

The Citizen by investment program of Montenegro is officially announced of new economic citizenship scheme on Oct 1, 2018 for foreign investors. The decision came into force on Jan 1, 2019 and will apply until Dec 31, 2021

 

Montenegro economic citizenship program (ekonomsko državljanstvo), 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.

 

Montenegro announced new citizen by investment scheme for acquiring Montenegrin citizenship by admission on the basis of a special investment programme based on a special decision published in the Official Gazette of Montenegro 34/10, 40/16 and 62/18.

 

The scheme was announced on Oct 1, 2018 and will run for only for three years offering investment citizenship to 2000 foreign investors.

 

Montenegro citizenship scheme is now CLOSED from 2023. Please visit https://best-citizenships.com for alternatives.

 

Why Montenegro?

• Rare one time limited opportunity for citizenship
• Instant Montenegro citizenship and passport within 3 months
• Montenegro is a future candidate for EU membership and joins Schengen area by 2025
• Cheapest property prices in Europe.
• Montenegro is so beautiful receives excess of 1 million visitor arrivals.
• Lifetime citizenship for family and generations.
• No physical residence requirements.

 

CIP Model

 

The model of special citizenship scheme will be a Grant (EUR 100,000) plus Investment (EUR 250,000) model. This means applicants must donate a grant to government and also invest in development projects (hotels, resorts, IT parks, commercial real estate) that create jobs and development of montenegro.

 

The Montenegro Special Citizenship by Investment Program (MSCIP) will require investments in economic activity (business) that will contribute to the economic development of Montenegro and/or investment in real estate and/or payment of funds into a special account of the Budget of Montenegro.

 

• No language tests,  No business experience.
• No military service required.
• Free movement in EU countries and Schengen area

 

Investment conditions

 

• Invest EUR 250,000 in some of the development projects previously approved by the Government in an undeveloped areas of Montenegro (North), or
• Invest EUR 450,000 in some of the development projects previously approved by the Government in the developed area of Montenegro (South).

 

Government fee: Additional Donation of EUR 100,000  in the form of Government fee is needed.

 

Application fee: The applicant must deposit 15,000 euros for an application for themselves, 10,000 euros for up to 4 family members, and 50,000 euros for each next family member,

 

Total investment requires a minimum investment of EUR 350,000 or more.

 

Additional costs for due diligence (per person), law firm filing fee and passport fee extra.

 

Please see List of hotels approved for the purpose of citizenship.

 

Large Investments

Montenegro encourages large investment development projects in Tourist or hotel developments

1. Five Star Hotels and Resorts

• €15 million tourism developments in the coastal region or the capital Podgorica, Employing at least 80 employees and have at least 60 accommodation units
• € 5 million in the northern or central region, except the capital Podgorica, at least 25 employees and 35 accommodation units

The list of development projects in the field of tourism will be approved by the Government, at the proposal of the Ministry of Sustainable Development and Tourism.

2. Agriculture

Investment primary agricultural production is at least € 2,000,000 and create atleast 10 jobs

3. Wood Processing

Investment of €4 million and employing atleast 20 people

4. Fisheries

Investment of atleast €3.5 million in fisheries and processing products and employing 20 people

Montenegro is joining as a 12th country offering CBI programs.

Montenegrin passport is ranked 42nd in the world with visa free access to 123 countries including EU schengen states, Russia, Turkey, Singapore etc. A visa is needed to travel to United Kingdom, Canada, Australia and United States

Montenegro is expected to join EU in 2025 and will be a part of schengen area after that.

Montenegro offers low tax policy for established businesses and individuals.

Applicant Eligibility

An applicant may acquire Montenegrin citizenship by admission on the basis of a special program if:

1) For the purpose of the costs of the procedure, he has made a payment to the payment account of the Competent Body in the amount of:

- EUR 15,000.00 for the applicant;

- EUR 10,000.00 for each family member, up to four members at maximum;

- EUR 50,000.00 for each next family member.

2) Has deposited on the ESCROW account an amount of EUR 100,000.00 intended for the development of less developed local self government units for the purpose referred to in Article 18 of the Law on Regional Development;

3) Has deposited on the ESCROW account an amount of at least EUR 450,000.00 for the purpose of investing in some of the development projects in the Capital of Podgorica or the coastal region of Montenegro or an amount of at least EUR 250,000.00 for the purpose of investing in some of the development projects in the northern or central region of Montenegro, save for the Capital of Podgorica;

4) Has not been sentenced in Montenegro or another state by a final and binding court decision to an unconditional prison sentence of more than one year for a criminal offense prosecuted ex officio or the legal consequences of the conviction for such criminal offence have ceased;

5) The international due diligence agent has given a positive opinion, including proof of the origin of the money intended for payment and investment in accordance with this Decision.