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In an effort to boost the economy, attract foreign investment and accelerate regional development, the Montenegrin government has entered the booming global market of investment migration this year by launching its Special Investment Program. With a minimum investment of 350,000 euros, successful applicants and their families can be granted Montenegrin citizenship, which will allow them to travel freely to 123 countries and territories.
This citizenship-by-investment program, which is slated to run for three years with a total quota of granting 2,000 citizenships, was set to officially open for applications in October 2018.
Montenegro recognizes dual citizenship. Foreign investors will be able to maintain their original citizenship while enjoying free access to the Schengen Area, Russia and other major countries in the world.
Potential investors must be at least 18 years old to apply. All applications should be submitted to the Ministry of Interior Affairs and Public Administration for adjudication. In addition to the required investment, applicants must be of good standing and pass the vetting procedure.
Background checks, due diligence and other vetting processes will be conducted by reputable agencies, auditing firms and advisors hired by the government. These costs are incurred by the applicant.
Montenegrin citizens have visa-free access to all Schengen countries for a maximum stay of 90 days within any 180-day period. A Montenegrin passport also offers the ability to travel to 123 countries and territories without having to apply for a visa prior to arrival.
Located on the Balkan Peninsula with its southern coastline bordering the Adriatic Sea, Montenegro boasts majestic mountains and dazzling beaches. Gradually recovering from the damage caused by the Yugoslav wars, the country has initiated myriads of construction projects to renovate infrastructure and stimulate the growth of tourism. Montenegro kicked off its accession process to the European Union in 2005. As an official candidate of EU, it is actively promoting positive reforms in its justice system, public administration and other crucial sectors. The country has adopted the Euro currency.
Investors who are interested in acquiring Montenegrin citizenship via the Special Investment Program have two options:
The application process takes about six months and includes background checks as well as due diligence by government-certified agents, auditing firms and legal advisors. Approved applicants and their families will acquire Montenegro citizenship and be issued passports. No minimum residency is required.
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