Montenegro citizenship

Invest in your Montenegro Citizenship

The government of Montenegro suspended this citizenship by investment program in 2023.

No residency requirements

8 months processing time

Minimum investment of €450,000

Montenegro citizenship

Invest in your Montenegro Citizenship

The government of Montenegro suspended this citizenship by investment program in 2023.

No residency requirements

8 months processing time

Minimum investment of €450,000

Name: Republic of Montenegro

Name: Republic of Montenegro

Capital: Podgorica

Capital: Podgorica

Population: 617,213

Population: 617,213

Language: Montenegrin, Serbian, Croatian, Bosnian, and Albanian.

Language: Montenegrin, Serbian, Croatian, Bosnian, and Albanian.

Flag: 🇲🇪

Flag: 🇲🇪

Timezone: GMT+1 (CET)

Timezone: GMT+1 (CET)

Coordinates: 42.70°N 19.39°W

Coordinates: 42.70°N 19.39°W

Currency: Euro (EUR)

Currency: Euro (EUR)

Montenegro passport
Montenegro CBI

45

th

Montenegro Passport Index

The Montenegrin passport ranks top 50 in the 2024 CitizenX Passport Index Ranking.

Montenegro CBI

45

th

Montenegro Passport Index

The Montenegrin passport ranks top 50 in the 2024 CitizenX Passport Index Ranking.

Montenegro CBI

45

th

Montenegro Passport Index

The Montenegrin passport ranks top 50 in the 2024 CitizenX Passport Index Ranking.

Montenegro citizenship

127

Visa-free travel destinations

Travel without visa or receive a visa on arrival (VOA) or electronic travel authority (ETA).

Montenegro citizenship

127

Visa-free travel destinations

Travel without visa or receive a visa on arrival (VOA) or electronic travel authority (ETA).

Montenegro citizenship

127

Visa-free travel destinations

Travel without visa or receive a visa on arrival (VOA) or electronic travel authority (ETA).

Montenegro passport

100%

Schengen Area reach

Enhance your mobility options with visa-free access to Europe’s Schengen Area.

Montenegro passport

100%

Schengen Area reach

Enhance your mobility options with visa-free access to Europe’s Schengen Area.

Montenegro passport

100%

Schengen Area reach

Enhance your mobility options with visa-free access to Europe’s Schengen Area.

A Montenegrin passport to access Europe's Schengen Area.

As a Montenegrin citizen, you can live and work in Europe's Schengen Area without restrictions and enjoy visa-free countries such as Russia and Turkey, among others.

Saint Kitts and Nevis visa-free map
Saint Kitts and Nevis visa-free map
Saint Kitts and Nevis visa-free map
Austria CBI
Austria CBI
Austria CBI

A soon-to-be EU sovereign that is a member of NATO.

Montenegro became a sovereign state in 2006, and it is a member of the NATO Alliance, a member of the European Monetary Union that uses the Euro as its currency, and is an official candidate country for EU membership.

Montenegro became a sovereign state in 2006, and it is a member of the NATO Alliance, a member of the European Monetary Union that uses the Euro as its currency, and is an official candidate country for EU membership.

Montenegrin citizenship for you and your family.

Under the Montegrin citizenship by investment program, you can get a Montegrin passport for you and your family members.

Under the Montegrin citizenship by investment program, you can get a Montegrin passport for you and your family members.

Cambodia dual citizenship
Cambodia dual citizenship
Cambodia dual citizenship
Cambodia passport
Cambodia passport
Cambodia passport

Enjoy the natural beauty of the Balkans and the Adriatic.

Montenegro boasts pristine coastal regions with Mediterranean climate, welcoming you to a multilingual European region with a low cost of living.

Montenegro boasts pristine coastal regions with Mediterranean climate, welcoming you to a multilingual European region with a low cost of living.

Montenegro excepcionally allows dual citizenship for economic citizens.

Those foreign investors who obtain Montenegrin citizenship under the Montenegro Citizenship by Investment Program are exempt from the country’s restrictions on dual citizenship (Article 8 of the law on Montenegrin citizenship), meaning you can get Montegrin citizenship as a second passport option.

Those foreign investors who obtain Montenegrin citizenship under the Montenegro Citizenship by Investment Program are exempt from the country’s restrictions on dual citizenship (Article 8 of the law on Montenegrin citizenship), meaning you can get Montegrin citizenship as a second passport option.

Cambodia citizenship
Cambodia citizenship
Cambodia citizenship

Requirements under the Montenegro Citizenship by Investment Program

Being > 18 years of age.

Being > 18 years of age.

Having a 100% clean criminal record.

Having a 100% clean criminal record.

You will need to submit additional documents such as birth certificates, marriage records, bank account statements and others for you as the main applicant and your family members such as spouse and dependent children.

You will need to submit additional documents such as birth certificates, marriage records, bank account statements and others for you as the main applicant and your family members such as spouse and dependent children.

Investment Options to Acquire Montenegrin Citizenship

€450,000 Real estate investment


A minimum investment of EUR 450,000 in government-approved development projects in Podgorica (capital of Montenegro) or in the coastal regions.

€450,000 Real estate investment


A minimum investment of EUR 450,000 in government-approved development projects in Podgorica (capital of Montenegro) or in the coastal regions.

€250,000 Real estate investment

A minimum investment of EUR 250,000 to government-approved real estate projects in northern or central Montenegro, except Podgorica.

€250,000 Real estate investment

A minimum investment of EUR 250,000 to government-approved real estate projects in northern or central Montenegro, except Podgorica.

In addition, there is a required government fee in the form of a non-refundable direct investment of EUR 200,000 per application. Half of this donation will go to a special government fund for the advancement of underdeveloped areas, and the other half will go towards the Innovation Fund of Montenegro.

In addition, there is a required government fee in the form of a non-refundable direct investment of EUR 200,000 per application. Half of this donation will go to a special government fund for the advancement of underdeveloped areas, and the other half will go towards the Innovation Fund of Montenegro.

5 Steps to get Montenegrin Citizenship by Investment

1

Submit your citizenship application.


Start the application process providing the required personal documents including passport copies, birth/marriage certificates, health insurance, medical report, and statement of origin of investment funds. Pay the application fees of €15,000 for the primary applicant, €10,000 for each dependent up to 4, and €50,000 for each dependent after the 4th.

Submit your citizenship application.


Start the application process providing the required personal documents including passport copies, birth/marriage certificates, health insurance, medical report, and statement of origin of investment funds. Pay the application fees of €15,000 for the primary applicant, €10,000 for each dependent up to 4, and €50,000 for each dependent after the 4th.

2

Pass due diligence checks.


You must have a clean criminal record, demonstrate legal acquisition of wealth, and pass character and background checks.

Pass due diligence checks.


You must have a clean criminal record, demonstrate legal acquisition of wealth, and pass character and background checks.

3

Make the required real estate investment.


Invest €450,000 in an approved development project in Podgorica or the coastal regions of Montenegro OR invest €250,000 in an approved development project in northern or central Montenegro, excluding Podgorica.


The investment must be maintained for at least 5 years.

Make the required real estate investment.


Invest €450,000 in an approved development project in Podgorica or the coastal regions of Montenegro OR invest €250,000 in an approved development project in northern or central Montenegro, excluding Podgorica.


The investment must be maintained for at least 5 years.

4

Pay the government contribution.


Make a €200,000 non-refundable contribution (donation) to the government of Montenegro.

Pay the government contribution.


Make a €200,000 non-refundable contribution (donation) to the government of Montenegro.

5

Obtain citizenship.


After the investment, contribution, and due diligence process is complete, applicants are granted Montenegrin citizenship.

Obtain citizenship.


After the investment, contribution, and due diligence process is complete, applicants are granted Montenegrin citizenship.

Pros and Cons of Montenegrin citizenship by investment

Benefits

Drawbacks and risks

Visa-Free Travel: Montenegrin citizenship provides visa-free access to over 120 countries, including many European nations and members of the European Union.

Limited EU Mobility: Although Montenegro is an EU candidate country, its citizens do not have the right to live and work in the EU without restrictions.

Low Taxes: Montenegro has favorable tax policies for permanent residents, including low personal income tax and corporate tax rates, making it an attractive location for financial prosperity.

Termination of Program: The Montenegro Citizenship by Investment program was discontinued in December 2022, making it no longer available for new applicants.

Stable Property Market: The country's real estate market is stable and offers luxurious properties at relatively affordable prices, making it an attractive option for investors and homeowners.

Real Estate Overvaluation: The government's pre-approved list of real estate properties for investment can lead to overpriced properties, inflating prices and charging foreigners a premium.

EU Integration: Montenegro is on track for potential integration into the European Union by 2025, offering citizens enhanced economic opportunities, mobility, and international cooperation.

High Public Debt: Montenegro has one of the highest public debt to GDP ratios in the region, currently around 71%, which may impact the country's economic stability.

Growing Economy: Montenegro's economy is experiencing steady growth, presenting opportunities for investment, entrepreneurship, and employment

Montenegro CBI vs Caribbean CBI programs

Austria and the Caribbean countries offer different citizenship by investment (CBI) programs, each with its own advantages and disadvantages for investors:

Austria and the Caribbean countries offer different citizenship by investment (CBI) programs, each with its own advantages and disadvantages for investors:

Caribbean CBIs

Austria CBI

Investment Amount

The Caribbean CBI programs have lower minimum investment requirements, with options starting from USD 100,000 in Antigua and Barbuda, Dominica, and St. Lucia.

The Montenegro CBI program requires a minimum investment of at least EUR 200,000 for at least two years in a private investment fund.

Travel freedom

Caribbean citizenship programs provide visa-free travel to over 140 countries and territories, but the scope of countries may vary depending on the specific program

Montenegro citizenship allows visa-free travel to 127 countries, including the Schengen Area.

Processing time

Caribbean programs generally take less time, with some offering fast-track options that can shorten the processing time to 40 to 60 days

The Montenegro CBI program takes around three to five months to issue a passport to the successful applicant.

Business opportunities

The Caribbean Islands also offer business opportunities, particularly in tourism and real estate

Montenegro is part of the European Economic Area, providing access to a large single economy with promising business opportunities.

Investment options

Caribbean programs typically offer multiple investment options, including real estate, business, and non-refundable contributions to national fund

The Montenegro CBI program focuses on development projects, offering a more specific investment choice.

Montenegrin passport
Montenegrin passport

Become a citizen of Montenegro.

The legal basis for this program was contained in Article 12 of the law on Montenegrin citizenship.The Montenegrin government suspended this citizenship by investment program in 2023.

Montenegrin passport
Montenegrin passport

Become a citizen of Montenegro.

The legal basis for this program was contained in Article 12 of the law on Montenegrin citizenship.The Montenegrin government suspended this citizenship by investment program in 2023.

Montenegrin passport
Montenegrin passport

Become a citizen of Montenegro.

The legal basis for this program was contained in Article 12 of the law on Montenegrin citizenship.The Montenegrin government suspended this citizenship by investment program in 2023.

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com

The Network State Company AG
CHE-385.997.597


Bahnhofstrasse 20
6300 Zug, Switzerland

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.

© 2024

·

CitizenX.com