Country Details


Situated on the Balkan Peninsula in Southeastern Europe, Montenegro is known for its magnificent and unparalleled natural beauty. Emerging as a sovereign state in 2006, Montenegro is a member of NATO, uses the euro as its currency, and is an official candidate country for EU membership.


Minimum financial requirement of EUR 450,000 (investment of EUR 250,000 and a donation of EUR 200,000 to the country)

Processing Time

Approximately eight–ten months from submission of the application to approval


The right of free movement to Montenegro, the countries in Europe’s Schengen Area, Russia, and Türkiye, among others

Citizenship by Investment Overview

Benefits of the Montenegro Citizenship by Investment Program

  • Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, and Türkiye
  • Citizenship in a country that is an official EU candidate country
  • Citizenship in a multinational and multilingual European community that enjoys a mild Mediterranean climate, beautiful scenery, and a low cost of living
  • Citizenship in a member state of the European Monetary Union, the NATO Alliance, OSCE, and the WTO
  • Full citizenship granted to the applicant and family members
  • Investment in a development project operated by a renowned hotel brand

Montenegro Citizenship by Investment


Montenegrin citizenship by investment

Requirements of Montenegrin citizenship by investment

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 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 development projects in the capital of Podgorica or in the coastal regions
  • An investment of EUR 250,000 to development projects in northern or central Montenegro, excluding Podgorica

In addition, there is a government fee of EUR 200,000 per application. This contribution will be directed to a special fund for the advancement of underdeveloped areas (EUR 100,000) and towards the Innovation Fund of Montenegro (EUR 100,000).

 Procedures and time frame of the Montenegro Citizenship by Investment Program

All applications are submitted through intermediary agents such as Piptan International Inc., which have been officially accredited to the Government of Montenegro for this purpose. Once received by the relevant government department, applications are processed within eight to ten 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.

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