The most anticipated Montenegro citizenship by investment program is now open for applications after a long one year wait, since the program was announced in 2018.
Here are the prescribed fee applicable for to acquire Montenegrin citizenship under citizenship for investments scheme.
1. Real Estate
- €250,000 (outside Podgorica) or EUR 350,000 in Podgorica
- €100,000 additional donation to development fund.
In addition, applicants are required to pay a processing fee of EUR 15,000 for a single applicant, EUR 10,000 each for up to three family members, and EUR 50,000 for each additional family member thereafter.
2. Hotels and Resorts
Five star or four star hotel developments
- €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.
Investment primary agricultural production is at least € 2,000,000 and create atleast 10 jobs
4. Wood Processing
Investment of €4 million and employing atleast 20 people
Investment of atleast €3.5 million in fisheries and processing products and employing 20 people
The Montenegrin passport is available for investors within 3 months. Permanent residency will be issued in 3 weeks.
As of 2 July 2019, Montenegrin citizens had visa-free or visa on arrival access to 122 countries and territories, ranking the Montenegrin passport 47th in terms of travel freedom,
These countries include
- EU schengen states
- United Arab Emirates
- South Korea