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.
Benefits of the Montenegro Citizenship by Investment Program
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:
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.
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.