Advantages
- 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
Requirements
- 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
Pros
- 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.
Cons
- 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
Afghanistan | Visa required |
Albania | Visa not required |
Algeria | Visa required |
Andorra | Visa not required |
Angola | Visa required |
Antigua and Barbuda | Electronic Entry Visa |
Argentina | Visa not required |
Armenia | Visa not required |
Australia | Visa required |
Austria | Visa not required |
Azerbaijan | eVisa |
Bahamas | Visa required |
Bahrain | Visa required |
Bangladesh | Visa on arrival |
Barbados | Visa required |
Belarus | Visa not required |
Belgium | Visa not required |
Belize | Visa required |
Benin | eVisa / Visa on arrival |
Bhutan | Visa required |
Bolivia | Visa on arrival |
Bosnia and Herzegovina | Visa not required |
Botswana | Visa required |
Brazil | Visa not required |
Brunei | Visa required |
Bulgaria | Visa not required |
Burkina Faso | Visa required |
Burundi | Visa required |
Cambodia | eVisa / Visa on arrival |
Cameroon | Visa required |
Canada | Visa required |
Cape Verde | Visa on arrival |
Central African Republic | Visa required |
Chad | Visa required |
Chile | Visa not required |
China | Visa required |
Colombia | Visa not required |
Comoros | Visa on arrival |
Republic of the Congo | Visa required |
Democratic Republic of the Congo | Visa required |
Costa Rica | Visa not required |
Côte d’Ivoire | eVisa |
Croatia | Visa not required |
Cuba | Visa not required |
Cyprus | Visa not required |
Czech Republic | Visa not required |
Denmark | Visa not required |
Djibouti | eVisa |
Dominica | Visa not required |
Dominican Republic | Visa required |
Ecuador | Visa not required |
Egypt | eVisa / Visa on arrival |
El Salvador | Visa required |
Equatorial Guinea | Visa required |
Eritrea | Visa required |
Estonia | Visa not required |
Eswatini | Visa not required |
Ethiopia | eVisa |
Fiji | Visa required |
Finland | Visa not required |
France | Visa not required |
Gabon | eVisa |
Gambia | Visa not required |
Georgia | Visa not required |
Germany | Visa not required |
Ghana | Visa required |
Greece | Visa not required |
Grenada | Visa on arrival |
Guatemala | Visa required |
Guinea | eVisa |
Guinea-Bissau | eVisa / Visa on arrival |
Guyana | Visa required |
Haiti | Visa not required |
Honduras | Visa required |
Hungary | Visa not required |
Iceland | Visa not required |
India | e-Visa |
Indonesia | Visa required |
Iran | Visa on arrival |
Iraq | Visa required |
Ireland | Visa required |
Israel | Visa not required |
Italy | Visa not required |
Jamaica | Visa on arrival |
Japan | Visa required |
Jordan | Visa on arrival |
Kazakhstan | Visa required |
Kenya | eVisa / Visa on arrival |
Kiribati | Visa required |
North Korea | Visa required |
South Korea | Visa not required |
Kuwait | Visa required |
Kyrgyzstan | Visa not required |
Laos | eVisa / Visa on arrival |
Latvia | Visa not required |
Lebanon | Visa on arrival |
Lesotho | eVisa |
Liberia | Visa required |
Libya | Visa required |
Liechtenstein | Visa not required |
Lithuania | Visa not required |
Luxembourg | Visa not required |
Madagascar | eVisa / Visa on arrival |
Malawi | eVisa / Visa on arrival |
Malaysia | eVisa |
Maldives | Visa on arrival |
Mali | Visa required |
Malta | Visa not required |
Marshall Islands | Visa required |
Mauritania | Visa on arrival |
Mauritius | Visa on arrival |
Mexico | Visa required |
Micronesia | Visa not required |
Moldova | Visa not required |
Monaco | Visa not required |
Mongolia | Visa required |
Morocco | Visa required |
Mozambique | Visa on arrival |
Myanmar | Visa required |
Namibia | Visa required |
Nauru | Visa required |
Nepal | Visa on arrival |
Netherlands | Visa not required |
New Zealand | Visa required |
Nicaragua | Visa on arrival |
Niger | Visa required |
Nigeria | Visa required |
North Macedonia | Visa not required |
Norway | Visa not required |
Oman | Visa required |
Pakistan | Online Visa |
Palau | Visa on arrival |
Panama | Visa not required |
Papua New Guinea | Visa required |
Paraguay | Visa required |
Peru | Visa not required |
Philippines | Visa required |
Poland | Visa not required |
Portugal | Visa not required |
Qatar | eVisa / Visa on arrival |
Romania | Visa not required |
Russia | Visa not required |
Rwanda | eVisa / Visa on arrival |
Saint Kitts and Nevis | Visa not required |
Saint Lucia | Visa not required |
Saint Vincent and the Grenadines | Visa not required |
Samoa | Entry Permit on arrival |
San Marino | Visa not required |
São Tomé and Príncipe | eVisa |
Saudi Arabia | eVisa / Visa on arrival |
Senegal | Visa on arrival |
Serbia | Visa not required |
Seychelles | Visitor’s Permit on arrival |
Sierra Leone | Visa required |
Singapore | Visa not required |
Slovakia | Visa not required |
Slovenia | Visa not required |
Solomon Islands | Visa required |
Somalia | Visa on arrival |
South Africa | Visa required |
South Sudan | Visa required |
Spain | Visa not required |
Sri Lanka | eVisa / Visa on arrival |
Sudan | Visa required |
Suriname | eVisa |
Sweden | Visa not required |
Switzerland | Visa not required |
Syria | Visa required |
Tajikistan | eVisa |
Tanzania | eVisa / Visa on arrival |
Thailand | Visa required |
Timor-Leste | Visa on arrival |
Togo | Visa on arrival |
Tonga | Visa required |
Trinidad and Tobago | Visa not required |
Tunisia | Visa not required |
Turkey | Visa not required |
Turkmenistan | Visa required |
Tuvalu | Visa on arrival |
Uganda | eVisa / Visa on arrival |
Ukraine | Visa not required |
United Arab Emirates | Visa not required |
United Kingdom | Visa required |
United States | Visa required |
Uruguay | Visa not required |
Uzbekistan | Visa not required |
Vanuatu | Visa required |
Vatican City | Visa not required |
Venezuela | Visa required |
Vietnam | eVisa |
Yemen | Visa required |
Zambia | Visa not required |
Zimbabwe | eVisa |
UK Territories | |
Akrotiri and Dhekelia | Visa not required |
Bermuda | Visa not required |
Turks and Caicos Islands | Visa required |
Cayman Islands | Visa required |
British Virgin Islands | Visa required |
Anguilla | Visa required |
Montserrat | eVisa |
Saint Helena | eVisa |
Falkland Islands | Visa required |
Akrotiri and Dhekelia | Visa not required |
Bermuda | Visa not required |
Turks and Caicos Islands | Visa required |
Cayman Islands | Visa required |
British Virgin Islands | Visa required |
Anguilla | Visa required |
US Territories | |
American Samoa | Visa required |
Guam | Visa required |
Northern Mariana Islands | Visa required |
Puerto Rico | Visa required |
U.S. Virgin Islands | Visa required |
China Territories | |
Macau | Visa required |
Hong Kong | Visa not required |
Netherlands Territories | |
Aruba | Visa not required |
Caribbean Netherlands | Visa not required |
Curaçao | Visa not required |
Sint Maarten | Visa not required |
French Territories | |
French Guiana | Visa not required |
French Polynesia | Visa not required |
French West Indies | Visa not required |
Mayotte | Visa not required |
New Caledonia | Visa not required |
Réunion | Visa not required |
Saint Pierre and Miquelon | Visa not required |
Wallis and Futuna | Visa not required |
Other | |
Kosovo | Visa not required |
Palestine | Visa not required |
Taiwan (ROC) | eVisa |
Source: Ministry of Foreign Affairs / Wikipedia
Last updated: Feb 21, 2020