ABOUT MONTENEGRO CITIZENSHIP
In late 2019, the Montenegrin Citizenship by investment was launched. Though it was planned to end by December 31st, it has been extended by a year extra. Interested applicants are expected to be above 18, in good health condition, and without a criminal record.
Furthermore, applicants must make contributions to the government development fund and invest in real estate projects approved by the government.
Country Statistics
Montenegro, formally known as the Yugoslav Republic, is a beautiful country with many investment opportunities. The country is endowed with astonishing geographical landscapes and geographical diversities. Montenegro beaches spread over 290km along the coastline; the Bay of Boka Kotorska, several lakes, rivers, canyons, and high mountains make Montenegro an adventurous place. The country is rich with diverse cultures such as Turkish, French, Byzantine, Venetian, and others. It operates in a stable political setting. Friendly climatic conditions and many beautiful features. All
these and lots more attract several foreign nationals to the country.
Facts About Montenegro
- Montenegro means “Black Mountain.” It is a sovereign state in Southern Europe.
- Serbia borders the country to the northeast, Kosovo to the east, Albania to the southeast, Croatia to the west has a coast on the Adriatic Sea to the southwest.
- Podgorica is the largest city and capital of Montenegro. Cetinje is appointed the Old Royal Capital.
- On October 22nd, 2007, the country was officially named the Republic of
Montenegro. - Montenegro is a bonafide member of the NATO, UN, WTO, the Organization for Security and Co-operation in Europe, CoE, the Central European Free Trade Agreement, and a founding member of the Union for the Mediterranean.
- Out of the 36th most visited countries out of 47 in Europe with 1,6 million visitors.
- Euro is the official currency.
- Its legal system is an integral part of the civil law legal system
BENEFITS OF THE MONTENEGRO CITIZENSHIP
Visa-free Travel
Citizens of Montenegro are entitled to visa-free and visa-on-arrival to more than 120 countries. Singapore, Russia, and all Schengen countries are inclusive.
Supported By Law
Montenegro citizenship has been supported and based on the law since 2019, with a full guarantee.
Health and Education
Citizens have the right to attend world standard educational institutions and benefit from exquisite healthcare facilities.
Tax Relief
The government place no tax on capital gains, income, wealth, gift, and inheritance.
Minimum Residency Requirement
Applicants don’t need to visit the country before and after applying. However, there is a minimum residency requirement for Montenegro citizenship.
Dual Citizenship Allowed
The government permits maintenance of your national and getting Montenegro as second citizenship is permitted.
VISA FREE COUNTRIES FOR MONTENEGRO
Over the last few years, the Montenegro government has been working on expanding visa-free access for Montenegro citizens. However, citizens of Montenegro are entitled to visa-free and visa-on-arrival to more than 120 countries. In addition, Singapore, Russia, and all Schengen countries are inclusive.
In addition, citizens of Montenegro can apply for an E-Visa for Africa and Asia right from their homes.
(Visa-free and visa-on-arrival countries)
- Albania
- Andorra
- Antigua and Barbuda
- Argentina
- Armenia
- Austria
- Azerbaijan
- Bangladesh
- Belarus
- Belgium
- Benin
- Bolivia
- Bosnia and Herzegovina
- Brazil
- Bulgaria
- Cambodia
- Cape Verde
- Chile
- Colombia
- Comoros
- Costa Rica
- Côte d’Ivoire
- Croatia
- Cuba
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Ecuador
- Egypt
- Estonia
- Eswatini
- Ethiopia
- Finland
- France
- Gabon
- Gambia
- Georgia
- Germany
- Greece
- Grenada
- Guinea
- Guinea-Bissau
- Haiti
- Hungary
- Iceland
- India
- Iran
- Israel
- Italy
- Jamaica
- Jordan
- Kenya
- Kyrgyzstan
- Laos
- Latvia
- Lebanon
- Lesotho
- Liechtenstein
- Lithuania
- Luxembourg
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Mauritania
- Mauritius
- Micronesia
- Moldova
- Monaco
- Mozambique
- Nepal
- Netherlands
- Nicaragua
- North Macedonia
- Norway
- Pakistan
- Palau
- Panama
- Peru
- Poland
- Portugal
- Qatar
- Romania
- Russia
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- São Tomé and Príncipe
- Saudi Arabia
- Senegal
- Serbia
- Singapore
- Slovakia
- Slovenia
- Somalia
- South Korea
- Spain
- Sri Lanka
- Suriname
- Sweden
- Switzerland
- Tajikistan
- Tanzania
- Timor-Leste
- Togo
- Trinidad and Tobago
- Tunisia
- Turkey
- Tuvalu
- Uganda
- Ukraine
- United Arab Emirates
- Uruguay
- Uzbekistan
- Vatican City
- Vietnam
- Zambia
- Zimbabwe
GUIDELINES FOR APPLICATION FOR MONTENEGRO CITIZENSHIP
Document Screening
We assist you in screening your document in preparation for government approval. For this process to go smoothly, applicants are expected to make a down payment for opening the application. We will get a response within 48 hours.
Collection of Checklist Document
We have professionals who will assist you with collecting the proper documents needed by the government to process your citizenship application.
Submission of Application and Due Diligence Fees
At this stage, the application is submitted alongside the diligence fees. Also, your investment and government fees will be transferred into an authorized escrow account.
Diligence Report and Government Decision
The due diligence report is sent to the government for a check. Based on the
information in the report, the government will decide to grant the application or decline it. If the application is declined, the applicant will be refunded.
Issuance of Certificate and Passport
The applicant will be issued a citizenship certificate and passport ID when all
verifications are done. Then the balance of the professional fees will be settled.
COSTS OF MONTENEGRO CITIZENSHIP
For an applicant to qualify for the Montenegro Citizenship, the applicant is expected to donate to the government development fund and invest in either of the two real estate options given by the government agency.
1. Real Estate Investment
Applicants are required to invest in any government-approved real estate in
underdeveloped areas of the country.
Minimum Investment – EUR 250,000
In addition, a qualifying investment could be any of the development projects recently approved by the Montenegro government in developed areas.
Minimum Investment EUR 450,000
2. Donation to Government Development Fund
There is a certain contribution to the government development funds to assist
underdeveloped regions.
Minimum donation amount EUR 100,000
An extra contribution to the state fund is necessary.
Minimum donation amount EUR 100,000
Government Fees
Some necessary government processing fees are required in addition to the contribution and investment.
Main applicant EUR 15,000
Per family member (up to 4 persons) EUR 10,000
Each additional family member EUR 50,000
Due Diligence Investigation Fees
Some necessary background investigations are payable to the government choice due diligence agency using Interpol, World-Check, and international government agencies to assist in screening applicants according to their application information.
Main applicant EUR 7,000
A family of up to 4 members (incl. main applicant) EUR 10,000
Each additional dependent above the age of 16 EUR 1,500
Notwithstanding, our professional fees, certificate of Citizenship, passport, official application forms, and other disbursements are the only charges inclusive of the cost. A detailed quotation without any hidden charge will be made available.
PROGRAM DURATION
The duration of 6 months is the specified timeframe for the application process. However, the initial duration of document collection could be a bit longer depending on how fast the applicant provides the required documents. We are fully on the ground to assist our client (applicant) pass-through this stage faster with samples and professional advice.
The duration of the renewal stage depends on the availability of the agency that would handle it. We have no regulation over this particular process. However, we assure you that we work with the best Government agencies to hasten the entire process and make our client (applicant) get quick approval.
PROGRAM REQUIREMENTS & LEGAL GROUNDWORK
MAIN APPLICANT CRITERIA
QUALIFIED DEPENDENTS
*Note that parents and children above 18 are dependent on the applicant.
Legal Groundwork
Dependent on article 17 of the law regarding Montenegrin citizenship (“Official Gazette of MN,” no. 13/08), the Montenegro government, during a conference on May 20th, 2021, declared the decision that explained the requirement for approving the scientific, economic, business, cultural and sports interest of Montenegro for the acquisition of Montenegrin citizenship by admission.
Dependent on clause 3 of the law:
The government of Montenegro, based on the economic benefit of the country,
approves citizenship for the following persons:
i) that have invested in Montenegro by building an enterprise that will directly influence the economic development of the Country;
ii) that must have invested in Montenegro or donated funds;
iii) that is a verified expert or investor of good conduct
A distinct act dictates the circumstances for the existence of an exceptional business and/or economic interest for Montenegro, by clause 1 of this Article, performed through a part of the Government administration in control of finances.
A distinct act dictates the perspective and/or verification of the existence of an
exceptional business and/or economic interest for Montenegro, by clause 1 of this Article, performed through a part of the Government administration in control of finances.