The Value of Dual Citizenship – And an Exceptional Opportunity in Montenegro
With Montenegro’s CIP slated to close at the end of the year and 92 % of CBI-qualifying units in Boka Place sold, now is the time to take action.
Europe’s youngest citizenship by investment program, Montenegro’s ECP seeks to stimulate investment chiefly in the country’s less developed regions.
Described by former European Commission President Jean-Claude Juncker as a frontrunner candidate for membership, Montenegro has been in accession talks with the EU since 2012.
Citizenship in Montenegro is available in exchange for either a donation or a property investment. Holders of Montenegrin passports enjoy visa-free travel to 123 countries, including all Schengen states.
Program Type | Direct Citizenship Program |
Time to citizenship | 4-6 months |
Time to permanent residency | 4-6 months |
Minimum investment | EUR 450,000 |
Physical presence requirement | None, but visit required to complete application |
Application processing time | 4-6 months |
Grants visa-free travel to | 123 destinations, including Schengen countries |
Contribution types available | Donation, Property Investment |
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
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.
Legislation upon which this program is based:
Montenegro Citizenship Act of 2008 Articles 8 and 12
No statistics available.
Development Name | Construction Status | Announced Completion Date | Last Update | Images | Website |
---|---|---|---|---|---|
Kolašin Resort & Spa, Kolašin | Not started | No data | 01/01/2020 | http://www.arnngroup.me/index.php/projects/the-westin-resort-spa-kolasin/item/2-the-westin-resort-spa-kolasin | http://www.arnngroup.me/index.php/projects/the-westin-resort-spa-kolasin/item/2-the-westin-resort-spa-kolasin |
http://hotelbreza.me/ | Not started | No data | 01/01/2020 | No data | No data |
Hotel Kraljičina Plaža, Milocer, Budva | Not started | No data | 01/01/2020 | No data | No data |
Durmitor Hotel and VIllas, Žabljak | Not started | No data | 01/01/2020 | No data | No data |
https://development.kolasin1450.com/ | Not started | No data | 01/05/2020 | https://development.kolasin1450.com/ | https://development.kolasin1450.com/ |
https://k16resort.com/ | Under construction | No data | 01/05/2020 | https://k16resort.com/ | https://k16resort.com/ |
https://portomontenegro.com/real-estate/boka-place/ | Not started | No data | 01/06/2020 | https://portomontenegro.com/real-estate/boka-place/ | https://portomontenegro.com/real-estate/boka-place/ |
Development Name | Construction Status | Announced Completion Date | Last Update | Images | Website |
As the hub for investment migration professionals, IMI is regularly in touch with program specialists in every corner of the globe.
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With Montenegro’s CIP slated to close at the end of the year and 92 % of CBI-qualifying units in Boka Place sold, now is the time to take action.
Invest in a burgeoning European destination, live in a state-of-the-art home, and become a citizen of a business-friendly, mild-climate country?
As it did in 2021, Montengro’s government says it will end the CIP on new year’s eve. This time, an 11th-hour change of heart is less likely.
40 years have passed since countries first began selling citizenships. See our timeline of the history of citizenship by investment programs.
Nuri Katz calls CBI vetting “the best due diligence known to man.” He also takes part of the blame for the industry’s failure to effectively lobby Brussels.
John Hanafin also says North Macedonia and Albania “are about five years ahead of Montenegro” in terms of becoming EU members.
Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.
Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.
Bulgaria Investor Program (discontinued)
Malta MEIN
Programs that offer residence permits within months in exchange for passive investments, with limited physical presence requirements.
Andorra Residence Without Lucrative Activity
Anguilla Permanent Residency Program
Australia BIIP Investor Streams
Bahamas Economic Permanent Residence
Barbados SERP Program
Bermuda Economic Investment Certificate (EIC) Program
Brazil Investor Visa (VIPER)
Cambodia My 2nd Home
Cayman Islands Investor Visa
Colombia Investor Visas M and R
Costa Rica Investor Visa
Curaçao Investor Permit Program
Cyprus Golden Visa
Georgia Investor Visas
Greece Golden Visa
Guernsey Investor & Entrepreneur Residency
Ireland Immigrant Investor Program (discontinued)
Italy Investor Visa
Latvia Investor Visa
Luxembourg Investor Visa
Malaysia M2H Visa
Malta Permanent Residence Program
Mauritius Permanent Residency Program
Monaco Carte de Séjour
Netherlands Investor Visa
New Zealand Investor Visa
Nicaragua Investor Permanent Residency Program
Panama Qualified Investor Visa
Paraguay Investor Permanent Residency Program (SUACE)
Philippines Special Investor Residence Permit
Portugal Golden Visa
Russia Investor Visa
South Korea Investor Visa
Spain Golden Visa
Taiwan Golden Visa (APRC Plum Blossom Card)
Thailand Elite Residence Program
UAE Golden Visa
UK Investor Visa (discontinued)
United States EB-5
Uruguay Investor Visa
Programs that offer residence permits within months to those who can demonstrate income or personal wealth above a certain level, usually requiring that the holder not take up employment locally.
Argentina Rentista and Pensionado Residency
Austria Independent Means Visa
Barbados Welcome Stamp
Brazil Retirement Visa
Chile Independent Means Visas
Colombia Independent Means Visas
Costa Rica Independent Means Visas
Gibraltar Category 2 HNWI Residence
Greece FIP Visa
Indonesia Retirement Visa (KITAS)
Ireland Independent Means (Stamp 0)
Italy Elective Residency Visa
Jersey High Value Residency
Mexico Legal Residency Visa
Nicaragua Pensionado and Rentista Visas
Panama Rentista Retirado Visa
Paraguay Independent Means Visa
Peru Independent Means Visa (Rentista)
Portugal D7 Visa
Spain Non-Lucrative Visa
Uruguay Independent Means Visa
Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.
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