Located in South-Eastern Europe, Montenegro (Black Mountain or Crna Gora) is called the Pearl of the Balkans. With a Mediterranean climate on the coast and continental climate inland, this country attracts a lot of visitors also due to the picturesque shoreline and an average of 180 sunny days a year.
Over the past years, Montenegro has developed into a stable democratic jurisdiction with a fast growing market economy. Open economy and business-friendly environment has become one of the cornerstones of the Montenegrin economic policy. Montenegro is a candidate-country to join the EU, and is expected to join the European Union in 2025. Until then, citizens of Montenegro can enjoy visa free travel through the European Schengen Area, Russia, Brazil, Turkey and many others.
Located in South-Eastern Europe, Montenegro (Black Mountain or Crna Gora) is called the Pearl of the Balkans. With a Mediterranean climate on the coast and continental climate inland, this country attracts a lot of visitors also due to the picturesque shoreline and an average of 180 sunny days a year.
Over the past years, Montenegro has developed into a stable democratic jurisdiction with a fast growing market economy. Open economy and business-friendly environment has become one of the cornerstones of the Montenegrin economic policy. Montenegro is a candidate-country to join the EU, and is expected to join the European Union in 2025. Until then, citizens of Montenegro can enjoy visa free travel through the European Schengen Area, Russia, Brazil, Turkey and many others.
Country Highlights
| CAPITAL CITY: Podgorica | CURRENCY: Euro € |
| TIME ZONE: Central European Time Zone (UTC -01:00) | POPULATION: 640,000 |
| TOTAL AREA: 13,812 km² | VISA FREE COUNTRIES: 124 Countries, including the EU’s Schengen Area, Russia, Brazil and Turkey |
| LANGUAGES: Montenegrin | NEAREST COUNTRY: Croatia, Italy, Bosnia & Herzegovina, Serbia, Kosovo, Albania |
Legal Basis
The Montenegro Economic Citizenship Program (MECP) was launched in 2018 and it allows investors the opportunity to obtain the citizenship of Montenegro in exchange for investment in the country. The Montenegro programme requires applicants to make a contribution to a development fund, as well as to invest in development projects approved by the Montenegrin Government.
The Montenegro Citizenship by Investment Program has been amended in January 2022 and will accept new applications only until the end of 2022. Originally, the citizenship by investment programme of Montenegro was designed to accept the last applications until the 30th December 2021. The extension of Montenegro’s citizenship by investment programme was taken by the Montenegrin Cabinet who also decided to implement some changes to the requirements of the programme.
Benefits
- Visa free travel to 124 Countries, including Schengen Area, Russia, Brazil and Turkey
- Fast Track application: 6 months
- No min. physical stay prior, during or after Citizenship
- Family members included and transferable to descendants
- Montenegro is a Prospective EU member state
- Dual Citizenship Allowed
Eligibility
- Main Applicant must be at least 18 years of Age
- Only Non-EU nationals may apply
Investor must pay a non-refundable contribution of €200,000 to Government Fund for developing the underdeveloped areas, as well as to invest in Government approved development projects, as per below:
- €450,000 in development projects in developed regions of Montenegro (seaside and Capital City – Podgorica)
- €250,000 in development projects in underdeveloped regions of Montenegro (North and Central Montenegro, excluding Podgorica)
The Government approved development projects for the purpose of the MECP, can be from the field of Tourism, Agriculture and the Manufacturing Industry.
Process & Timeline
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