Montenegro announces its citizenship by investment program

After years of consideration, Montenegro has finally decided to join the ever-expanding list of countries seeking to attract foreign direct investments through citizenship by investment programs. The program will be available in October 2018 for up to 2,000 applicants from non-EU countries, for a limited period of 3 years. According to the World Bank, Montenegro is one of the fastest growing economies in the Balkans and is quickly becoming a key destination for some of the most important industries around the world due to its strategic position. As a young state, it truly offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life. Podgorica.

 

THE INVESTMENT REQUIREMENTS ARE AS FOLLOWS:


€100,000 in the form of a Government Fund Donation, and

€250,000 investment in approved real estate in an undeveloped region (north of the country), or

€450,000 investment in approved real estate in a developed region (south of the country).

 

At a starting investment of €350,000, Montenegro’s program will prove to be one of the most competitive in Europe. 


What makes the program even more attractive is its application speed, which allows permanent residence status within 3 weeks- without undermining through due diligence processes. Citizenship is then granted within a period of 6 months as permanent residents. The Montenegrin passport is currently ranked 37th in the world by The Passport Index, allowing citizens visa-free travel to 115 countries, and is expected to grow significantly following EU accession.

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