Montenegro, country located in the west-central Balkans at the southern end of the Dinaric Alps. It is bounded by the Adriatic Sea and Croatia (southwest), Bosnia and Herzegovina (northwest), Serbia (northeast), Kosovo (east), and Albania (southeast).Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th century Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro.

Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th century Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro.Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th century Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro.

Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th century Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro.Montenegro’s administrative capital is Podgorica, though its cultural centre is the historical capital and older city of Cetinje. For much of the 20th century Montenegro was a part of Yugoslavia, and from 2003 to 2006 it was a component of the federated union of Serbia and Montenegro.

Why Montegenero?

Click here to download the free investment documentation

Montenegro is in a special position at the moment, as the EU accession is expected to happen in 2025. Montenegro recognised its opportunity to accelerate its economic development by attracting investments with a citizenship program for up to 2,000 foreigners. The passport of the NATO member Montenegro allows its citizens to travel to 121 different countries without a visa. Investors are aware that the net cost of obtaining citizenship in Montenegro is the lowest compared to other European programs.

What are the major advantages of Montenegrin citizenship?

  1. EU citizenship in the near future. Both Montenegro and the EU aims to have full EU membership in 2025.
  2. No requirement to live in the country. Unlike most citizenship programs in Europe, applicants are not obliged to live in Montenegro on a continual basis, not even for one day.
  3. It is fast to obtain. The application timeframe is only 3 months.
  4. Different investment options. Applicants can choose between investing €250,000 in a government-approved property project in the less developed parts of the country, or €450,000 in the developed southern region (the seaside) or in the capital city of Podgorica. The investments can be liquidated after five years.
  5. No requirement to know the Montenegrin language.
  6. No requirement to renounce your current citizenship.
  7. A favourable taxation regime. Montenegro offers one of the lowest personal income tax rates in Europe starting at 9% and one the best conditions for freely doing business in the EU – the corporate tax rate is only 9%.
  8. Ability to visit, visa-free, the countries of the Schengen zone as well as Bulgaria, Cyprus, Romania, Russia, Turkey, Hong Kong, and Singapore (121 countries total).
  9. Valid for life and can be passed to future generations.
  10. After the EU accession, the freedom to live, work and study anywhere in the 28 EU member states.

Montenegro Citizenship-by-Investment

The Montenegro Citizenship-by-Investment Program was launched by the Government of Montenegro as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. The Montenegro Citizenship-by-Investment Program requires applicants to make a defined economic contribution to Montenegrin society through an investment in an approved development project, and a capital contribution to a fund designated by the government for the advancement of under-developed areas. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.

Benefits of Montenegrin citizenship

  1. Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, and Turkey.
  2. Citizenship in a country that is an official EU candidate country.
  3. Citizenship in a multinational and multilingual European community that enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living.
  4. Citizenship in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO.
  5. Full citizenship granted to the applicant and included family members.

Quaifying Investments

1.Real EstateThe following investments qualify under Montenegrin citizenship by investment scheme.

  1. EUR 250,000 investment in undeveloped areas of Montenegro (North)
  2. EUR 450,000 investment in developed areas of Montenegro (South)
  3. The Government will charge additional EUR 100,000 per application which is used as donation for the development of Montenegro. The total cost will be EUR 350,000
  4. In addition, the applicant must deposit as application fee for government
  5. 15,000 euros for an application for single applicant.
  6. 10,000 euros each for up to 4 family members, and
  7. 50,000 euros for each next family member,
  8. All applicants must pass Governments due diligence and vetting process, before being granted citizenship under the investment scheme.
  9. Due diligence fee: 7,000 euro (single) and 10,000 (family of four)

2.CIP(Citizenship Investment Program) Approved Projects

  1. Condo Hotel „Kolašin Resort & Spa“, Kolašin
  2. Condo Hotel Breza, Kolašin
  3. Hotel Kraljičina plaža“, Miločer, Budva
  4. Durmitor Hotel and Villas“, Žabljak
  5. Bjelasica 1450 Kolašin
  6. K16 Kolašin
  7. Boka Place

3.Additional Property Costs

  1. Purchase tax or title transfer tax is 3%.
  2. Legal costs: 1%-2%
  3. Please add 4-5% for the overall total property costs in buying a real estate.
  4. You can also buy property as equity share, instead of whole title, thus minimizing taxes
  5. Montenegro has the lowest corporate and capital gains tax in Europe at 9%.

4.Tourist or Five star Hotel Investments

Montenegro encourages large investment development projects in Tourist or hotel developments

  1. €5 million creating 25 jobs
  2. €15 million creating 80 jobs

5. Agriculture

  1. Investment primary agricultural production is at least € 2,000,000 and create atleast 10 jobs

6. Wood Processing

  1. Investment of €4 million and employing atleast 20 people

5. Fisheries

  1. Investment of atleast €3.5 million in fisheries and processing products and employing 20 people

Requirements of acquiring Montenegrin Citizenship

To qualify for the Montenegro Citizenship-by-Investment Program, the main applicant must be over 18 years of age, meet the application requirements, and make the qualifying contributions to the Government of Montenegro. There are two routes to choose from to qualify for the program:An investment of EUR 450,000 to real estate projects in the capital of Podgorica or in the coastal regions.An investment of EUR 250,000 to real estate projects in northern or central Montenegro, excluding Podgorica.

In addition, there are government fees of EUR 100,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas.

Procedures and Time Frame

All applications are submitted through intermediary agents such as Henley & Partners, which have been officially accredited to the Government of Montenegro for this purpose. Once received by the relevant government department, applications are processed within three months.

Dual Citizenship

Successful applicants to the Montenegro Citizenship-by-Investment Program are exempt from the country’s restrictions on dual citizenship stipulated in Article 8 of the law on Montenegrin citizenship. Article 12 of the law states that citizenship may be exceptionally granted to individuals on the basis of special contributions (such as economic interest) to the country, which applies to successful program applicants.

List of Documents Required

  1. Certified copies of passports and ID cards,
  2. Birth certificates,
  3. Marriage certificates,
  4. Insurance policies valid in Montenegro, which cover health insurance,
  5. Health certificate from doctor confirmation that they do not suffer from contagious diseases, issued in accordance with the regulations of the country in which the applicant is a national.

Frequency Asked Questions about Montenegro

  1. Does Montenegro have EU membership?
  2. What is the legal background for CIP?
  3. Can i apply now for citizenship scheme?
  4. How many citizenships will be granted under CIP?
  5. Is Montenegro in Schengen area?
  6. How much is the minimum investment required?
  7. How to become permanent resident?
  8. Can i travel to UK and Ireland using Montenegro passport?
  9. Can i submit applications directly to Government?
  10. Is dual citizenship allowed?
  11. Who administers citizenship by investment scheme?
  12. What is the official currency of Montenegro
  13. How applicants are vetted?
  14. Can i include family members as dependents?
  15. What documents are required?
    1. certified copies of passports and ID cards,
    2. birth certificates,
    3. marriage certificates,
    4. insurance policies valid in Montenegro, which cover health insurance,
    5. Health certificate from doctor confirmation that they do not suffer from contagious diseases, issued in accordance with the regulations of the country in which the applicant is a national.
    6. What are the restricted countries?
    7. How is the real estate market?
    8. Is the citizenship reported to other countries?
    9. Can i vote as citizen of Montenegro?
    10. How is Montenegro compared with other EU investor citizenship schemes?
    11. Montenegro – EUR 250,000
    12. Malta – EUR 900,000
    13. Cyprus – EUR 2,150,000
    14. Bulgaria – EUR 1,000,000 (closed)
    15. Moldova – EUR 100,000 (suspended/closed)
    16. Does CIP have donation option?
    17. Can i visit US and Canada with passport of Montenegro?
    18. Can Montenegro revoke citizenship for investors ?
    19. Is Montenegro is a member of UN and NATO?
    20. Where is Montenegro?
    21. What are some quick facts about Montenegro?
    22. Montenegro has GDP of $12 billion in 2019
    23. Montenegro’s beauty attracts close to 2 million visitor arrivals for tourism
    24. Montenegro has 117 of them along 293 kilometers of coastline.
    25. Montenegro’s Lake Skadar is one of the biggest bird reserves in Europe home to 270 bird species.
    26. Montenegro’s capital city Podgorica existed since 1326.
    27. How to travel to Montenegro by Air?
    28. Can i open bank account in Montenegro?
    29. Erste Bank,
    30. The First Bank of Montenegro
    31. Hipotekarna Bank
    32. Lovćen Bank
    33. NLB bank
    34. Societe Generale Bank of Montenegro
    35. ZIRAAT Bank
    36. Montenegro Commercial bank (CKB)
    37. Is Montenegro listed in OECD blacklist of CBI/RBI schemes?
    38. Do banks in Montenegro exchange tax information with other countries under CRS?
    39. Does Montenegro have an official Golden visa scheme?
    40. Do i have to make a personal visit?
    41. Are there any residency requirement for fast track citizenship?
    42. What is the validity of passport issued?
    43. Does Montenegro require military service from investors?
    44. Is Montenegro safe country?
    45. How much it costs to renew the Montenegro passport?
    46. Does Montenegro issue Biometric passport?
    47. How can the scheme benefit hotel investors?
    48. €250K (rural or north)
    49. €350K (Podgorica / coastal areas)
    50. Where are the most popular places to buy property in Montenegro?
    51. Can i invest in real estate through a company?
    52. Can i buy residential properties for citizenship?
    53. How much it costs for Montenegro investment citizenship?
    54. What makes Montenegro citizenship super interesting?
    55. When Montenegro CBI program was launched?
    56. How many visa free countries i can travel with Montenegrin passport?
    57. Can i apply for E-2 visa becoming a Montenegrin citizen?
    58. Are there quotas for Montenegro CIP?
    59. Can i get permanent residency along with citizenship?

Immigration Ultimate offers a wide range of services and products for aspiring overseas students, professionals and graduates including Work visa, study visa, TR visa, PRvisa, Family reunification visa for many countries.

If you are looking to Study, Work, Visit, Invest or immigrate to any country, talk to Immigration Ultimate, the World’s No.1 Immigration & Visa Company. email: info@immigrationultimate.co.in, www.immigrationultimate.co.in or call us at +91-33-4600-0504 or +91-9051956387, Also subscribe and visit our social media:
1) Facebook: https://www.facebook.com/immigrationultimate/
2) Linkedin: https://www.linkedin.com/company/immult/?viewAsMember=true
3) Twitter: https://twitter.com/immiultimate
4) Instagram: https://www.instagram.com/immigrationultimate/
5) Youtube: https://www.youtube.com/immigrationultimate/
6) Pininteresthttps://in.pinterest.com/immiultimate/


0 Comments

Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *

×

Powered by WhatsApp Chat

× How can I help you?