The small Balkan state of Montenegro began its citizenship by investment program in 2019, and since then it has gained great popularity. In exchange for a minimum combined EUR 350,000 government donation (EUR 100,000) and real estate investment (minimum EUR 250,000), wealthy investors can easily earn themselves a Montenegro passport in approximately three months.
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Montenegro is an ideal alternative citizenship by investment (CBI) program for those who are looking for a second passport in Europe but don’t want to fork out the minimum EUR 600,000 required for Maltese economic citizenship.
Although Montenegro is not yet an EU member state, it is an official candidate, and the odds are quite high that it will be admitted into the EU by 2025 (no guarantees!). This creates a unique opportunity to potentially gain access to EU citizenship at a discount, by taking your chances on Montenegro while it is not yet a member state.
Irrespective of whether Montenegro becomes part of the EU, it is a worthwhile option to consider. Since it gained its independence in 2006, its economy has continued to grow and strengthen at a rapid rate, offering solid investment opportunities. It is often described as the “pearl of the Balkans” for its immense natural beauty along with modern and comfortable living conditions.
Some of the many benefits of the Montenegro Citizenship by Investment program include:
The Montenegro CBI program ticks most of the right boxes, but here are a few downsides compared to other programs worldwide:
In order to qualify for citizenship by investment in Montenegro, you must first meet the following basic criteria:
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If you meet the above criteria, you can obtain citizenship in Montenegro by making the following qualifying investments:
All applicants must donate EUR 100,000 to the national development fund. The fund is aimed at helping underdeveloped areas which would otherwise not receive foreign investment.
Along with the donation, applicants must make one of two qualifying real estate investments:
In both cases, the property can be resold after five years, and the initial investment recouped.
In addition, the following government fees must be paid for processing your application:
Once you have confirmed that you meet the above basic criteria and are willing and able to make one of the qualifying investments, you can proceed with the application process in full. The steps are as follows:
Montenegro Citizenship by Investment provides the ideal gateway to acquiring second citizenship in a European nation, which is expected to become a full member of the EU in the coming years. This provides a unique opportunity to potentially gain full access to live and work in the EU, for a much lower cost compared to other EU citizenship and residence by investment programs.
Montenegro itself stands out as a true gem of a nation to call your second home. Not only is it stunningly beautiful and pleasant to live in, it also has a rapidly growing and successful economic environment with plenty opportunities for foreign investors.
The process of obtaining citizenship by investment in Montenegro is straightforward with clearly defined criteria, and an efficient and timeous application process. As such, it is one of the most highly recommended programs.
Please note: Offshore Protection does not offer work visas services nor services related citizenship through ancestry. We only offer citizenship by investment and golden visa services. Read more for info on EU work visas and EU ancestry visas.
Disclaimer: Offshore Protection strives to keep information on this website updated, however, laws and circumstances are subject to change. All information on this website is for reference purposes only and does not constitute legal or tax advice. Contact Offshore Protection for specific advice regarding your situation.