All You Need to Know About Montenegro Citizenship by Investment

The beauty of its nature and its location along the Adriatic Sea aren’t the only reasons attracting people to Montenegro; its central position to many of the world’s robust industries is another reason for investors to show interest in the country. 

After 2 years of solid consideration, the Montenegrin government has finally introduced the Montenegro Citizenship by Investment and will start accepting applicants as of October 2019. If investors make the required investment and meet all the program’s qualifications, they will be granted Montenegro residency within 3 weeks and the citizenship within 6 months, allowing them to enjoy mobility, security and countless business opportunities.

Requirements of Montenegro Citizenship by Investment Program

To get the Montenegro Passport, an investor must make a 2-parts investment:

1. A €100,000 non-refundable contribution to the government fund, and
2. An investment in a government approved real estate property. The investment amount varies in accordance to the location of the property:
   1. A €250,000 investment in North of Montenegro, which is the undeveloped region of the country, or
   2. A €450,000 investment in South of Montenegro, the more developed region.

Benefits of Montenegro Citizenship by Investment Program:

1. Visa Free travel to more than 120 countries including Schengen countries
2. Dual citizenship that can be passed on to future generations by descent
3. Expected to become a member of the EU by 2025
4. Montenegro is a NATO member
5. Strategic location in Europe

Qualifications of Montenegro Citizenship by Investment Program:

Apart from having to make the required investment, applicant must meet the following criteria in order to successfully qualify for Montenegro Citizenship by Investment program.

1. Applicant must hold a passport other than that of Montenegro’s
2. Applicant must not have a criminal record
3. Applicant must be at least 18 years old
4. Applicant cannot be an EU citizen
5. Applicant must pass a strict due diligence and show source of invested funds.

Lastly, it is worth noting that Montenegro Citizenship by Investment program is fairly new and has a quota of 2000 successful applications on a first come first served basis; after the quota is reached, the program won’t be accepting anymore applicants.

Therefore, if you are interested in understanding more details on how to obtain the Montenegrin passport please don’t hesitate to reach out to any of Bluemina’s 6 branches and an expert consultant will gladly assist you.