General program requirements

To qualify, investors must make both a donation and an investment in real estate.

Government Donation

€100,000 non-refundable contribution to the state budget and another €100,000 donation to fund regional development.

Real estate investment

€450,000 investment in development projects in the capital of Podgorica or in the coastal regions; OR
€250,000 investment in development projects in northern or central Montenegro, excluding Podgorica.

In either case, the investment must be maintained for at least five years.

Processing Fees

€15,000 for the primary applicant.
€10,000 for each dependent up to four additional dependents.
€50,000 for the each dependent after the fourth.

Program benefits

• Increased visa-free travel;
• Freedom of movement (but not settlement) within Schengen;
• Minimal physical presence requirements;
• Permits dual/multiple citizenship;
• Ability to include three or more generations of family members in the application;
• Lower taxes;
• Lower cost of living;
• Safety and security;
• Warm climate;
• Short processing time

Requirements to qualify for citizenship

The clients will meet with approved agents, make a deposit payment and begin to prepare supporting docs and an application file. The agent will submit the file to the Montenegrin government for processing.

There is a due diligence process for all adult applicants and if approved the client will be granted approval in principle. The applicant will need to transfer the donation amount and make the payment for the property investment.

The full citizenship approval will be granted and the applicants will need to be in Montenegro to complete biometrics and obtain their Certificate of Registration and Citizenship.

Applications for this program may be directed to:

Montenegro Investment Agency 

Legislation upon which this program is based:

Montenegro Citizenship Act of 2008 Articles 8 and 12

No statistics available.