Montenegro Citizenship by Investment
The Montenegro Citizenship-by-Investment Program was for many years anticipated as a soon to be front runner around EU CBI Programs. Since the Programs’s official launch in October 2019, it has steadily grown from strength to strength. With a government-approved real estate purchase, access to the EU, and expeditious processing it continues to be an outstanding offering to investors and those looking to future-proof wealth and their family’s Global access. Although the Program was scheduled to come to an end at the end of 2021 it has since been extended for a further 12 months, running until the end of 2022. The below details are in line with the updated legislation and requirements.
Benefits
– Fastest processing for available EU Citizenship, the processing is done in about 3 months.
– Visa-Free Travel Over 121 countries worldwide Free movement in Europe’s Schengen Area, (26 EU states), Hong Kong, Singapore, and Russia
– No physical Residence Requirements before or after processing
– Montenegro has one of the lowest personal income tax rates in the world, fixed at just 9-11%
– The Montenegro-USA, E-2 Treaty, enables citizens to both set up a business in the USA and to reside therein
– No obligation to relinquish current nationality
– Montenegro is a member state of the European Monetary Union, the NATO Alliance, OSCE and an official EU candidate
Requirements
Option 1:
The first option is available when investing in Government approved real estate in the Northern and Central Regions of Montenegro (Not including the Capital Podgorica). The minimum investment required in this case is EUR 450,000. Along with the real estate investment there is a Government Donation requirement of EUR 200,000. The real estate must be retained for a minimum period of 3-years
Option 2:
The second real estate option which again is Government approved real estate is when purchasing in the South, the Coast, or the Capital Podgorica. The minimum threshold, in this case, is EUR 550,000 and again must be retained for a minimum of 3-years. Again, this is accompanied by the required Government Donation of EUR 200,000
Process & Timelines
Prior to submission, the relevant Government Fees are payable. Along with this the required real estate investment amount and Government Donation will be transferred into an allocated Escrow Account. Approval is then usually granted within 3 months at which stage the funds are released from escrow and the Passports are then delivered
Visa-Free Access
Bangladesh *
Cambodia *
Hong Kong (SAR China)
Indonesia
Laos *
Macao (SAR China) *
Malaysia
Maldives *
Nepal *
Philippines
Singapore
South Korea
Sri Lanka **
Timor-Leste *
Uzbekistan
Albania
Andorra
Austria
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Germany
Gibraltar
Greece
Greenland
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
Botswana
Cape Verde Islands *
Comores Islands *
Egypt *
Eswatini (Swaziland)
Gambia
Guinea-Bissau *
Kenya *
Lesotho
Madagascar *
Malawi
Mauritania *
Mauritius
Mayotte
Mozambique *
Reunion
Rwanda *
Senegal *
Seychelles *
Sierra Leone *
Somalia *
South Africa
St. Helena *
Tanzania
Togo *
Tunisia
Uganda
Zambia
Zimbabwe
Cook Islands
Fiji
French Polynesia
Kiribati
Micronesia
New Caledonia
Niue
Palau Islands *
Samoa *
Solomon Islands *
Tuvalu *
Vanuatu
Anguilla
Aruba
Bahamas
Barbados
Bonaire; St. Eustatius and Saba
British Virgin Islands
Cayman Islands
Cuba
Curacao
Dominica
Dominican Republic
French West Indies
Grenada
Haiti
Jamaica
Montserrat
St. Kitts and Nevis
St. Lucia
St. Maarten
St. Vincent and the Grenadines
Trinidad and Tobago
Turks and Caicos Islands
Belize
Bermuda
Bolivia *
Brazil
Chile
Colombia
Costa Rica
Ecuador
El Salvador
French Guiana
Guatemala
Guyana
Honduras
Nicaragua
Panama
Peru
Suriname
Venezuela
Armenia *
Georgia
Iran *
Jordan *
Lebanon *
Qatar
Government Fees
- Government processing fees: EUR 15,000 for the main applicant, EUR 10,000 covers all dependents up to 3 dependents, an additional Government Donation is payable for every dependent over 4 to the amount of EUR 50,000
- Government Due Diligence Fees: EUR 7,000 for the main applicant, EUR 10,000 for dependents up to 3, additional EUR 1,500 per dependent over 4