Montenegro is small in size, but it has a big heart, with friendly, welcoming people, simply stunning mountains, and picturesque beaches.
Montenegrin Citizenship Expenses:
The minimum investment amount for Montenegrin citizenship (passport) in 2022 is typically greater than €370,000.
Contribution to the Government Fund – Minimum of €100,000
Purchase Real Estate/Property – Invest in Projects – Minimum €250,000
€15,000 for the main applicant processing fee
Dependent fees are €10,000 each.
Information on Investing in Montenegrin Citizenship
Donation
The applicant is forced to allocate to Montenegro’s economy by making a non-refundable contribution of €100,000 to a Government Fund for the development of underdeveloped areas.
Incentive to Invest
The applicant will be required to invest in government-approved development projects. The investment can be made in either developed or developing countries.
€450,000 in development projects in Montenegro’s developed regions
€250,000 in projects in Montenegro’s underdeveloped regions
The government may approve projects in the agriculture, manufacturing, and tourism industries.
Service Charges FOR State Collection
The applicant must also pay government fees for the applicant and family members. The following are the fees:
€15, 000 for the main applicant
€10,000 for a spouse
€10,000 for dependent 1
Dependent number two: €10,000
3rd dependent: €10,000
Dependent 5 (and up): €50,000
When the application is submitted, contributions and investment funds are to be transferred to an ESCROW account. After receiving principal approval from the Competent Authority, it will be transferred to the respective accounts.
Citizen status and Passport Benefits in Montenegro
- Visa-free travel to more than 120 countries and territories, including the Schengen area
- Investors have the right but not the obligation to live permanently in Montenegro.
- There is no need for a language test.
- Montenegro has one of the world’s lowest income tax rates.
- Citizenship applications are processed quickly, taking only six months.
- Montenegro is a candidate for EU accession.
Citizenship in Montenegro through Real Property Investments
Applicants for the Montenegro Citizenship By Investment Program must contribute €100,000 to a government fund and invest in pre-approved real estate projects. The value of a property investment is determined by its location. Properties in the less developed northern parts of the country must cost at least €250,000, while those in the bustling southern, coastal region must cost at least €450,000. The Montenegrin government has pre-approved suitable real estate options. Investors typically receive their passports within six (6) months of applying, and to renew it, they must visit Montenegro for five days every five years.
How to Obtain Montenegrin Citizenship
- The primary applicant must be at least 18 years old.
- Investors must be nationals of a third country, not EU/EFTA citizens.
- Applicants must have no criminal record and no sanctions or bans on entry to specific countries, such as those in the EU, the United Kingdom, the United States, or Canada.
- Investors must demonstrate that their funds were legally obtained and must have a good credit history.
Passport Montenegro
A key benefit of the programme is the ability to obtain a passport through citizenship by investment in Montenegro. A Montenegrin passport allows visa-free travel to 137 countries and territories around the world.Citizenship in an EU country commands a high market premium due to settlement rights that allow citizens of any EU country to live anyplace in the EU.
Conclusion
Applicants for the Montenegro permanent residency programme must make a contribution to the development fund and invest in economic development projects approved by the Montenegrin government. Montenegro is a candidate country for EU membership, and it is expected to join in 2025. Montenegrin citizens can travel visa-free to 123 countries, including the European Schengen area.