Montenegro to receive €1 billion from Citizenship by investment

Montenegro is set to receive approximately some €1 billion euros from the newly launched economic citizenship by investment program. This money is to be raised from 2000 applications.


Montenegro citizenship by investment program (CIP) will be designed by government inhouse and will be run in a transparent and efficient way and will closely resemble the Grant plus investment model.


Assuming each applicant contribute €100,000 as grant fee, for 2000 applicants, The government will receive €200 million in revenues. Further calculating a minimum €250,000 invested in real estate or development projects will yield another  €500 million investment in undeveloped areas of Montenegro.


Foreign applicants are required to pay EUR 100,000 (grant) plus EUR 250,000/450,000 in development projects to receive citizenship and passport in Montenegro. There is also an investment option of five star hotels which requires €1.5 million euros.


Assuming an average of 2 additional family members per citizenship application, it is expected some 6000 passports to be issued under the citizenship by investment program.


The newly launched citizenship program entered into from on Jan 1, 2019 and will run for three years  and will be closed on Dec 31, 2021.


Licenses for citizenship consultants/agents will be issued upon paying €50,000 per license and the due diligence firms can register with government free of charge for licenses.


Montenegro government announced keen interest to join the European Union by 2025 and half way through the process. Currently Montenegro is a candidate country to join EU and Schengen area.