EuropeIntel & Data

Nearly a Year After Closing, Montenegro CIP Has Approved Only 484 of 1,100 Applications


Christian Henrik Nesheim

Following a year of brinkmanship, Montenegro's government finally agreed with the EU to close its citizenship by investment program at the very end of 2022. At the time, only anecdotal and imprecise reports on the number of applications were available. This week, however, Radio Free Europe reports that according to the Montenegrin Investment Agency (MIA), the government body that administered the program, the Montenegrin CIP received some 1,100 applications between 2019 and the program's end last December.

Of those applications, say officials, 413 remain pending in "various stages of processing." The same age...

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