Montenegro CITIZENSHIP BY INVESTMENT

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Donation from€200,000

Real estate from€250,000

Time to citizenship:5-6 Months

Visa-free travel:124 Countries

Though Montenegro is not part of the European Union yet, it does have a pending application to join the EU, making this one of the most sought-after economic citizenship programs in the world. This small, Mediterranean country is extremely safe, has a thriving economy, and of course, some of the most stunning coastal views in the world. While the Montenegro Citizenship by Investment program has a relatively long timeline, the benefits are unmatched.

Our Montenegro Citizenship Factsheet

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It is important to remember that though Montenegro’s application to the EU is in process, this is by no means a “done deal,” and seeking a Montenegro passport solely for this could potentially not have the desired payoff. However, even without EU membership, holders of a Montenegro passport can enjoy the benefits it brings.

Montenegro
Montenegro Passport

Origin of Citizenship by Investment

The Montenegro Citizenship by Investment Program was announced by the government of Montenegro in 2018 and officially started accepting applications in 2019. The program was started as a way to increase the levels of foreign direct investment in Montenegro. These foundational values can be seen in the fees for this program that go directly towards the betterment of the country.

Capital

Podgorica

Continent

Europe

Sea

Adriatic Sea

Total Area

13,812 Km2

Currency

Euro

Visa-free countries

124

Population

620,739

Language

Montenegrin
Montenegro Map

Benefits of Pursuing Montenegro Citizenship by Investment

Having a Montenegro passport will open a number of doors. This passport has incredible visa-free travel opportunities, could potentially become an EU passport, and grants its owners citizenship in Montenegro. Applicants can include their dependents and family members on the application, enabling their entire family to become Montenegro citizens.

Tax benefits

Tax Benefits

Income tax rates in Montenegro are set at 9%, meaning that residents and taxpayers can enjoy a reduction in taxes in many cases.

Woman holding Passport

Ease of Travel

Holding a Montenegro passport grants access to 124 countries without a visa. Citizens of Montenegro can visit the Schengen area for up to 90 days out of any 6-month period. Not only does a Montenegro passport pack a punch but residing in Montenegro makes travel around the EU and surrounding area easier than ever. Places that may have been a day’s worth of flying away can now be a short ride away.

Dual citizenship

Dual Citizenship in Montenegro

In normal cases, Montenegro does not allow dual citizenship, but with the Montenegro Citizenship by Investment Program, this is an exception.

Access to US Visa

Holders of a Montenegro passport can apply for an E2 business visa to the US. This visa is only available to citizens of certain countries but allows individuals to live and work in the United States. There is an additional investment requirement for this specific visa which usually starts at $100,000.

With many other citizenship by investment programs, it is common to see applicants who are seeking ease of travel and the financial benefits that come with a specific program, but in Montenegro’s case, applicants are often interested in moving to the country and becoming permanent residents. It is clear that it is a great place to live, and this is the easiest way to make the move a reality.

Montenegro Passport by Investment Photo

Why Montenegro?

Notorious for friendly people, great weather, and delicious coastal food, Montenegro is a highly sought-after place to call home. With its healthy economy and slowed-down lifestyle, Montenegro really does have it all. The price of the Montenegro Citizenship by Investment Program is affordable, and once an applicant is able to see the country themselves, they will know it is worth every cent.

Visa-free travel
with a Montenegrin Passport

The Montenegrin passport is considered a strong travel document and provides visa-free access to the following countries.

124

visa-free countries

10 years

visa to the United States (B1/B2 Visa)

0

North America

Aruba
Bonaire; St. Eustatius and Saba
Costa Rica
Cuba
Curacao
Dominica
French West Indies
Haiti
Jamaica
Nicaragua
Panama
St. Lucia
St. Maarten
St. Vincent and the Grenadines
Trinidad and Tobago

0

South America

Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
French Guiana
Peru
Uruguay

0

Africa

Burundi
Cape Verde Islands
Comoro Islands
Egypt
Eswatini
Guinea-Bissau
Madagascar
Malawi
Mauritania
Mauritius
Mayotte
Mozambique
Reunion
Rwanda
Senegal
Seychelles
Somalia
Tanzania
The Gambia
Togo
Tunisia
Uganda
Zambia

0

Europe

Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City

0

Asia

Armenia
Bangladesh
Cambodia
Hong Kong (SAR China)
Iran
Israel
Jordan
Kyrgyzstan
Laos
Lebanon
Macao (SAR China)
Maldives
Nepal
Palestinian Territory
Qatar
Saudi Arabia
Singapore
South Korea
Sri Lanka
Timor-Leste
United Arab Emirates
Uzbekistan

0

Oceania

Cook Islands
French Polynesia
Micronesia
New Caledonia
Niue
Palau Islands
Samoa
Tuvalu

Investment Options and Associated Fees

The investment options available for the Montenegro Citizenship by Investment Program are similar routes that vary depending on where an applicant would like to invest. Virtually all requirements for each path are the same, aside from the amount needed as an investment. The investment happens in the form of a real estate investment and a contribution to the state fund.

1 OPTION

Northern or Central Montenegro

€450 000+

If an applicant is looking to invest in real estate in the northern or central parts of Montenegro, then an investment of €200,000 is required to go towards the state fund and an investment of €250,000 can go towards approved real estate. Please note that these prices do not apply to the capital city of Podgorica.

Qualifying projects usually include hotels and resorts; single-family homes generally do not fall under the list of accepted projects. These prices remain the same no matter how many family members the applicant would like to include on the application.

Single investors will pay due diligence fees of €7,000. If an applicant is applying with a spouse or family, those fees go up to €10,000 for a family of 4, with each additional family member requiring an additional €1,500.

Lastly, administrative fees will start at €15,000 for the investor, with an additional €10,000 for each family member (up to 4). For the 5th family member and beyond, administrative fees will be €50,000 per person.

State Fund Investment

Payable upon grant of approval in principle

€200 000

Real Estate Investment

€250 000
Can be resold after 1 year

Due Diligence Fees

Payable on submission of application

SINGLE INVESTOR

€7 000

FAMILY UP TO 4

€10 000

Additional member

+ €1 500

Administrative Fees

Payable on submission of application

SINGLE INVESTOR

€15 000

FAMILY UP TO 4

+ €10 000
per dependent

Additional member

+ €50 000
per dependent from
the fifth family member

2 OPTION

Capital or Seaside Montenegro

€650 000+

In these regions, applicants will be required to submit a €200,000 contribution to the state fund as well as a €450,000 property investment in qualifying real estate projects. All other fees mirror the option above.

State Fund Investment

Payable upon grant of approval in principle

€200 000

Real Estate Investment

€450 000
Can be resold after 1 year

Due Diligence Fees

Payable on submission of application

SINGLE INVESTOR

€7 000

FAMILY UP TO 4

€10 000

Additional member

+ €1 500

Administrative Fees

Payable on submission of application

SINGLE INVESTOR

€15 000

FAMILY UP TO 4

+ €10 000
per dependent

Additional member

+ €50 000
per dependent the
fifth family member
Montenegro View

The Other Side of an Investment

The compulsory contribution to the state fund allows investors to give back to the current residents of Montenegro. The government strategically started this program with its citizens in mind, looking to use the funds from applications to pay for the betterment of under-developed areas of the country.

Partnering with a Trustworthy Firm

At Global Residence Index, we have been working with clients to submit citizenship by investment applications all over the world. We are passionate about making the process seamless, investing our industry knowledge to ensure our clients experience the best outcome possible. Deciding to pursue Montenegro Citizenship by Investment is only the first step; the next step comes in working with a firm that can help make it a reality.

Authorized Licensed agent

Application Procedure

The process to apply for a Montenegro passport is complex and can take a number of months, but Global Residence Index will conduct an initial screening for each applicant to ensure the highest possibility of a successful application. From there, the steps are as follows:

Real Estate Selection, Document Collection, and Bank Account Finalization

In this first step, each applicant will need to select the real estate project they are choosing to invest in, prepare and notarize the required application documents, and open up 2 bank accounts in Montenegro. One account will be utilized for the real estate portion of the investment and the other account will be for the state fund contribution.

Fees and Investments

At this stage, the applicant will have to submit all required fees to the Montenegrin government, as well as put the necessary amounts into each bank account for the full investment.

Application Review and Decision

Once the funds are in order, all the proof of payments and necessary documentation will be submitted to the Montenegro Citizenship by Investment Unit for review. The application review can take up to 3 months. If pre-approved, the banks will transfer the funds to the investment channels and the applicant(s) will be invited in for final fingerprinting.

Passport Receival

When approved, every member of the application is required to travel to Montenegro to get their fingerprints processed. Once fingerprinting is complete, passports will be granted within 24 hours and are valid for 10 years.

Mark Damsgaard

Head of Client Advisory

Portrait Photo with Passports

Our High-Quality Team is Ready to Help

Throughout the application process for Montenegro, it can feel as if there is a lot of jargon and legal documentation to wade through – because there is. Our team at Global Residence Index is well-versed in the Montenegro Citizenship by Investment Program and can provide the necessary assistance and resources to make the process as seamless as possible.

We are committed to ensuring each applicant fulfills all the requirements correctly to avoid any delays in the approval process.

8+

years of experience

10+

team of experts

99%

approval rate

500+

passports issued

Frequently Asked Questions

Are applicants required to travel to Montenegro during the application process?

The process can be done remotely until the application is approved. Once approved, applicants and their families will be required to travel to Montenegro to get their fingerprints processed. The Montenegro passports must be picked up in person as well.

Does the Montenegro Citizenship by Investment Program guarantee EU citizenship?

No. Though Montenegro is a candidate country for EU citizenship, which is expected to be finalized in 2025, a number of factors could change the outcome of the process and deny Montenegro’s application. This program only guarantees citizenship to Montenegro, not the EU as a whole.

Do I have to live in Montenegro to maintain my citizenship status?

No, permanent residency in Montenegro is not a requirement.

Who can I include in my application?

You can include your spouse, children up to the age of 18, and financially dependent children of any age.

How long does the Montenegro passport last?

The passport is valid for 10 years. After 10 years, it must be renewed with a much simpler process than the initial application process.

Let us help you!

As a trusted citizenship by investment agent, our team is authorized to facilitate your application process, assess the ideal investment option for your unique situation, and keep you in compliance every step of the way. Our personalized investment migration consulting is your one-stop shop for obtaining a second citizenship or new residency. Fill out our contact form to get started with a complimentary consultation today.

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Family in airport having visa free travel with a passport by investment

What to expect during your free citizenship consultation?

We proudly offer free consultations to interested applicants.
Here is what you can expect from your free consultation with our advisory team:

1

By the end of the consultation, you will know if you’re eligible to apply so you don't spend time and money investigating yourself

2

We will answer any specific questions you have about the program and application process

3

Our advisory team will explain every step of the process in detail so you know what to expect

4

We’ll help you understand the best investment option for you