• Fast processing
  • Children under 30 years old may be included in the program
  • Parents above 55 years old may be included in the program
  • Siblings of the Main Applicant and siblings of the Spouse can be included in the program as long as they are unwed and without children
  • Secondary Purchasers of real estate units are eligible to obtain the citizenship under conditions
  • Travel visa-free to over 140 countries including China, Brazil, UK, Russia and the Schengen Area
  • Possibility to apply for an online visa for Australia
  • No residency requirement
  • No interview required
  • No tax on worldwide income
  • No English language requirement


  • Main applicant must be at least 18 year’s old
  • Ability to prove the source of funds intended to be used for the program
  • No criminal record
  • Investment to be maintained at least for 5 years
  • Insurance policy in place to cover health insurance for the applicant and dependants
  • Medical report confirming in good health

Investment Options & Government Donation

Option 1:

  • Donation of 100,000 EUR in a Government Fund
  • Real estate investment of 250,000 EUR in the northern or central region of Montenegro

Option 2:

  • Donation of 100,000 EUR in a Government Fund
  • Real estate investment of 450,000 EUR in the Capital of Podogorica or the coastal region of Montenegro

Process (approx. 6 months)

  • Apply between 1 st January 2019 and 31st December 2021
  • Appoint representative and complete all application forms
  • Instruct international due diligence agent and pay appropriate fees: 7,000 EUR for single applicant, or 10,000 EUR for a family of 4 (Note: checks only apply to children over 18
  • Receive a positive opinion from the international due diligence agent.
  • Make a qualifying investment
  • Pay Government fees: 15,000 EUR for the main applicant and 10,000 EUR for each dependent up to four and 50,000 EUR for any additional dependant.
  • Receive Approval-in-Principle (program limited to 2000 decisions of admission)

Tax Advantages

  • Montenegro offers one of the lowest personal income tax rates in Europe starting at 9%
  • The corporate tax rate is only 9%.

Costs of Montenegro Citizenship

To qualify for the Montenegro Citizenship-by-Investment Program you are required to make an investment in one of the two real estate options and make a donation to the government development fund.

1) Real Estate Investment

A qualifying investment can be in one of the development projects previously approved by the Government in underdeveloped regions of Montenegro.

Minimum Investment EUR 250,000
Additionally, a qualifying investment can also be in one of the development projects previously approved by the Government in the developed regions of Montenegro.

Minimum Investment EUR 450,000

2) Donation to the government development fund

There is a required contribution to the government development funds intended to aid underdeveloped areas.

Minimum donation amount EUR 100,000

Government application fees

In addition to the investment and contribution amounts there are government processing fees that are required.

Main applicant EUR 15,000
Per family member (up to 4 persons) EUR 10,000
Each additional family member EUR 50,000

Background check fees

There are compulsory background checks payable to the Government preferred due diligence agency that will use Interpol, World-Check and other Government agencies to screen applicants based on their application.

Main applicant EUR 7,000
A family of up to 4 members (incl. main applicant) EUR 10,000
Each additional dependent EUR 1,500

Steps of Montenegro Citizenship

Step 1
Our Professional team will pre-screen your passport copy for government pre-approval. The response is in 24-48 hours. A down payment of the professional fees is required to open your application.

Step 2
Our professional team will assist and advise you with the collection of the documents required according to the Government checklist.

Step 3
The required due diligence fees, government application fees and investment fees are payable to the designated Escrow account at this step.

Step 4
Your application is submitted to the Government of Montenegro.

Step 5
A citizenship certificate and passport are issued in your name. The balance of the professional fees is then paid.

Montenegro Citizenship: Pros and Cons


  • Picturesque country visited by over 2 million tourist arrivals.
  • Montenegro opened brand new economic citizenship program in 2018.
  • Rock bottom lowest property prices in Europe.
  • Passport and permanent residence issued within 3 months.
  • E-1 and E-2 treaty with United States
  • Visa free agreements with Schengen, Russia, Turkey, Israel, South Korea etc.


  • Limited quota of only 2000 investors gets citizenship until Dec 2021.
  • Weak passport with no visa waiver agreement with the United Kingdom, Canada and Ireland
  • No option to invest in residential properties, currently only hotel investments allowed.
  • Application fee very high exceeding €100,000 along with other fees.

Montenegro visa waiver agreements with countries and territories

AfghanistanVisa required
AlbaniaVisa not required
AlgeriaVisa required
AndorraVisa not required
AngolaVisa required
Antigua and BarbudaElectronic Entry Visa
ArgentinaVisa not required
ArmeniaVisa not required
AustraliaVisa required
AustriaVisa not required
BahamasVisa required
BahrainVisa required
BangladeshVisa on arrival
BarbadosVisa required
BelarusVisa not required
BelgiumVisa not required
BelizeVisa required
BenineVisa / Visa on arrival
BhutanVisa required
BoliviaVisa on arrival
Bosnia and HerzegovinaVisa not required
BotswanaVisa required
BrazilVisa not required
BruneiVisa required
BulgariaVisa not required
Burkina FasoVisa required
BurundiVisa required
CambodiaeVisa / Visa on arrival
CameroonVisa required
CanadaVisa required
Cape VerdeVisa on arrival
Central African RepublicVisa required
ChadVisa required
ChileVisa not required
ChinaVisa required
ColombiaVisa not required
ComorosVisa on arrival
Republic of the CongoVisa required
Democratic Republic of the CongoVisa required
Costa RicaVisa not required
Côte d’IvoireeVisa
CroatiaVisa not required
CubaVisa not required
CyprusVisa not required
Czech RepublicVisa not required
DenmarkVisa not required
DominicaVisa not required
Dominican RepublicVisa required
EcuadorVisa not required
EgypteVisa / Visa on arrival
El SalvadorVisa required
Equatorial GuineaVisa required
EritreaVisa required
EstoniaVisa not required
EswatiniVisa not required
FijiVisa required
FinlandVisa not required
FranceVisa not required
GambiaVisa not required
GeorgiaVisa not required
GermanyVisa not required
GhanaVisa required
GreeceVisa not required
GrenadaVisa on arrival
GuatemalaVisa required
Guinea-BissaueVisa / Visa on arrival
GuyanaVisa required
HaitiVisa not required
HondurasVisa required
HungaryVisa not required
IcelandVisa not required
IndonesiaVisa required
IranVisa on arrival
IraqVisa required
IrelandVisa required
IsraelVisa not required
ItalyVisa not required
JamaicaVisa on arrival
JapanVisa required
JordanVisa on arrival
KazakhstanVisa required
KenyaeVisa / Visa on arrival
KiribatiVisa required
North KoreaVisa required
South KoreaVisa not required
KuwaitVisa required
KyrgyzstanVisa not required
LaoseVisa / Visa on arrival
LatviaVisa not required
LebanonVisa on arrival
LiberiaVisa required
LibyaVisa required
LiechtensteinVisa not required
LithuaniaVisa not required
LuxembourgVisa not required
MadagascareVisa / Visa on arrival
MalawieVisa / Visa on arrival
MaldivesVisa on arrival
MaliVisa required
MaltaVisa not required
Marshall IslandsVisa required
MauritaniaVisa on arrival
MauritiusVisa on arrival
MexicoVisa required
MicronesiaVisa not required
MoldovaVisa not required
MonacoVisa not required
MongoliaVisa required
MoroccoVisa required
MozambiqueVisa on arrival
MyanmarVisa required
NamibiaVisa required
NauruVisa required
NepalVisa on arrival
NetherlandsVisa not required
New ZealandVisa required
NicaraguaVisa on arrival
NigerVisa required
NigeriaVisa required
North MacedoniaVisa not required
NorwayVisa not required
OmanVisa required
PakistanOnline Visa
PalauVisa on arrival
PanamaVisa not required
Papua New GuineaVisa required
ParaguayVisa required
PeruVisa not required
PhilippinesVisa required
PolandVisa not required
PortugalVisa not required
QatareVisa / Visa on arrival
RomaniaVisa not required
RussiaVisa not required
RwandaeVisa / Visa on arrival
Saint Kitts and NevisVisa not required
Saint LuciaVisa not required
Saint Vincent and the GrenadinesVisa not required
SamoaEntry Permit on arrival
San MarinoVisa not required
São Tomé and PríncipeeVisa
Saudi ArabiaeVisa / Visa on arrival
SenegalVisa on arrival
SerbiaVisa not required
SeychellesVisitor’s Permit on arrival
Sierra LeoneVisa required
SingaporeVisa not required
SlovakiaVisa not required
SloveniaVisa not required
Solomon IslandsVisa required
SomaliaVisa on arrival
South AfricaVisa required
South SudanVisa required
SpainVisa not required
Sri LankaeVisa / Visa on arrival
SudanVisa required
SwedenVisa not required
SwitzerlandVisa not required
SyriaVisa required
TanzaniaeVisa / Visa on arrival
ThailandVisa required
Timor-LesteVisa on arrival
TogoVisa on arrival
TongaVisa required
Trinidad and TobagoVisa not required
TunisiaVisa not required
TurkeyVisa not required
TurkmenistanVisa required
TuvaluVisa on arrival
UgandaeVisa / Visa on arrival
UkraineVisa not required
United Arab EmiratesVisa not required
United KingdomVisa required
United StatesVisa required
UruguayVisa not required
UzbekistanVisa not required
VanuatuVisa required
Vatican CityVisa not required
VenezuelaVisa required
YemenVisa required
ZambiaVisa not required
UK Territories
Akrotiri and DhekeliaVisa not required
BermudaVisa not required
Turks and Caicos IslandsVisa required
Cayman IslandsVisa required
British Virgin IslandsVisa required
AnguillaVisa required
Saint HelenaeVisa
Falkland IslandsVisa required
Akrotiri and DhekeliaVisa not required
BermudaVisa not required
Turks and Caicos IslandsVisa required
Cayman IslandsVisa required
British Virgin IslandsVisa required
AnguillaVisa required
US Territories
American SamoaVisa required
GuamVisa required
Northern Mariana IslandsVisa required
Puerto RicoVisa required
U.S. Virgin IslandsVisa required
China Territories
MacauVisa required
Hong KongVisa not required
Netherlands Territories
ArubaVisa not required
Caribbean NetherlandsVisa not required
CuraçaoVisa not required
Sint MaartenVisa not required
French Territories
French GuianaVisa not required
French PolynesiaVisa not required
French West IndiesVisa not required
MayotteVisa not required
New CaledoniaVisa not required
RéunionVisa not required
Saint Pierre and MiquelonVisa not required
Wallis and FutunaVisa not required
KosovoVisa not required
PalestineVisa not required
Taiwan (ROC)eVisa

Source: Ministry of Foreign Affairs / Wikipedia
Last updated: Feb 21, 2020