Montenegro Citizenship By Investment The Ultimate Guide | GCS

Foreign investors and their families interested in obtaining citizenship through an affordable and fast citizenship by investment program will find the investment program Montenegro very appealing. 

This guide walks you through the following:

  • Benefits of Montenegro citizenship by investment
  • Investment requirements
  • Step-by-step guide
  • Timeline for receiving Montenegro citizenship

What is the Montenegro Citizenship by Investment program?

Launched in 2019, the Montenegro citizenship by investment program is a unique investment migration scheme that aims to boost Montenegro’s economy. For a qualifying minimum investment of €350,000, you have the opportunity to obtain Montenegro citizenship in a few months. The program has a cap of 2,000 applicants and is only open until the 31st of December 2021, so now is the moment to apply if you are interested.

Why Montenegro?

Located in the Balkan peninsula in Southeastern Europe, Montenegro is a country of unique beauty, filled with pristine lakes, and stunning mountains. It has 612,137 inhabitants and its capital city is Podgorica. Montenegro also has the fastest economic development in the region, due to its booming tourism, energy, and agricultural sectors. It is therefore a very attractive place for investors.

 Among all the European citizenship programs, it is one of the cheapest, which makes it very appealing. However, it is important to keep in mind that Montenegro is not a member of the European Union, but a candidate for EU membership. According to predictions, it is expected to join the EU in 2025 and has already adopted the Euro as its currency.

Benefits of the Montenegro investment program

  • Obtain Montenegro citizenship in three to six months
  • Affordable real estate investment opportunities
  • Visa-free access to over 120 countries
  • Free movement and strategic geographical location in the Schengen area
  • Short residence requirement: you only need to spend five days in Montenegro in a five-year period to renew your passport.
  • Get access to the US with the E2 visa
  • Montenegro recognizes dual citizenship
  • Political and economic stability

Family members benefits

The spouse, dependent children and dependent parents and grandparents of the main applicant are also eligible for the investment program, for an extra fee.

Montenegrin Citizenship by Investment requirements

To obtain the Montenegro passport, the program requires applicants to make a mandatory government donation, along with a real estate investment. Depending on the investment options you select, the total investment could either be €350,000 or €550,000. Below are your investment options.

Government fund:

Make a mandatory donation of €100,000 to Montenegro’s Government Development Fund — a fund designated for development projects in Montenegro.

Real estate investment:

Make an investment in an approved real estate project in either the mountainous Northern or Central region OR in the coastal Southern region. Your investment must be held for at least five years and the approved real estate properties are most likely to be hotels and resorts.

Investment of at least €250,000 in the Northern region
Investment of at least €450,000 in the Southern region

Additional government fees involved

  • €15,000 for a single applicant
  • €25,000 for a couple
  • €45,000 for a family of four
  • €50,000 per person for dependent parents or grandparents

Step-by-step guide to the Montenegro Citizenship by Investment program

1

Go through a preliminary check

2

Gather the documentation and choose your investment

3

Make the full investment and pay government fees

4

Submit your application

5

Receive a certificate of naturalization

6

Take a citizenship oath and provide biometric data

7

Receive your passport

1. Go through a preliminary check with your agent

2. Gather all the required documentation and choose your real estate investment project

3. Make the full investment (government donation + real estate investment) and pay the government fees

4. Submit your application and wait up to six months to receive an answer while the due diligence process is conducted

5. Receive a certificate of naturalization

6. Travel to Montenegro to take a citizenship oath and provide your biometric data

7. You are granted citizenship for life and can collect your passport

Application processing time

Week 1
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Go through a preliminary check with your agent

Week 2
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Make your investment and pay fees

Week 3
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Submit your application

Week 12 - week 24
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Receive your passport

Document checklist for obtaining Montenegrin citizenship

  • Legalized copies of the applicants’ passports
  • Copies of birth certificates (if children are included in the application for citizenship)
  • Marriage certificate (if applicable)
  • Clean criminal record 
  • Medical insurance policies
  • Medical certificates confirming that applicants do not have any infectious diseases
  • Documents certifying the legality of the source(s) of income
  • Proof of your investment (documentation will vary according to your chosen investment e.g: bank transfer, property lease, investment project approval from the municipality)

Frequently Asked Questions

What is the Montenegro citizenship by investment program?

Launched in 2019 and open until 2021, the Montenegro citizenship by investment program is a unique investment migration scheme giving Montenegro citizenship to 2,000 investors for a qualifying minimum investment of €350,000.

What are the benefits of obtaining a Montenegrin passport?

Montenegrin passport holders can travel visa-free to over 120 countries and benefit from direct access to the Schengen area.

What type of real estate property can I purchase?

You can purchase approved real estate projects such as hotels and resorts in either the northern or central region, or in the southern coastal region.

Do I need to stay in Montenegro?

You only need to spend five days in Montenegro in a five-year period to renew your passport.

Is my family eligible for the Montenegro CBI program?

Family members can also acquire Montenegro citizenship by investment. The spouse, dependent children and dependent parents and grandparents of the main applicant are also eligible for the investment program at additional costs.

Does the Montenegrin passport give me European citizenship?

Unfortunately, Montenegro is not an EU country member yet so the Montenegro passport won’t give you European citizenship. If you’d like to acquire European citizenship, have a look at other investment programs such as the Portugal Golden Visa, Spain Golden Visa and the Malta Citizenship by Investment program.