What Makes Montenegro Think its Passport is Worth EUR 350,000?

Montenegro and Moldova will both launch citizenship by investment programs (CIPs) by October. Neither are EU-members, both have visa-free access to Schengen, but Montenegro has priced itself far above Moldova. Why? At the very least, a Moldovan citizenship will cost applicants EUR 135,000 (single applicant donation of EUR 100,000 + government fees), while a Montenegrin

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