Montenegro

European Citizenship by Investment Program

Program Overview

The Montenegrin Citizenship Investment Program was initiated by the Montenegrin government as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. The Montenegro Citizenship by Investment Program was closed on 31 December 2022. Montenegro is a member of NATO and is elected to soon join the European Union.

Program Details

Time To Citizenship
5-6 months
Visa Free Travel
126 countries
Passport Rank
46th In the world
Minimum Investment
€450,000 EUR
No Residency Requirements
Citizenship Program Established in 2018

Country Overview

Montenegro – The Black Mountain – is a jewel of the Adriatic Sea, nestled between Croatia, Bosnia and Herzegovina, Serbia, Kosovo, and Albania.
Known for its historical cities, crystal clear lakes and beautiful beaches you can also enjoy skiing in the magnificent mountains. Montenegro has 117 beaches spread out over its 293 kilometers of coastline. There are rocky, sandy, small concealed, and magnificent pink pebble ones.
Lake Skadar in Montenegro is one of Europe’s largest bird sanctuaries. It is a crucial stop for migrating birds and is home to approximately 270 bird species. The oldest olive tree in the world is found in Montenegro’s southern town of Bar, where it is known as Stara Maslina. Trees that are more than 2,000 years old are a spectacular sight in a region famed for its hectares of exquisite olive groves.
Capital
Podgorica
Population
642,550
Language
Serbian/Montenegrin
Currency
Euro (EUR)
Exchange Rate
1 USD = 0.94 EUR
Government Type
Parliamentary Republic

Investment Requirements

To benefit the citizenship of Montenegro you were required to make 2 investments:

  • A €200,000 EUR donation to the government of Montenegro
  • A real estate investment of €250,000 EUR in the Northern side of the country or €450,000 EUR in the southern side of the Country (more developed side)

Visa Free Countries

126 Countries

* Visa on arrival

Americas

Argentina
Bolivia *
Brazil
Chile
Colombia
Costa Rica
Ecuador
French Guiana
Nicaragua*
Panama
Peru
Suriname
Uruguay

Europe

Albania
Andorra
Austria
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Greece
Greenland
Hungary
Iceland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Türkiye *
Ukraine
Vatican City

Asia

Bangladesh *
Cambodia *
Hong Kong (SAR China)
Krygyzstan*
Laos *
Macao (SAR China) *
Maldives *
Nepal *
Singapore
Timor-Leste *
Uzbekistan

Oceania

Cook Islands
French Polynesia
Micronesia
New Caledonia
Niue
Palau Islands *
Samoa *
Tuvalu *

Africa

Burundi *
Cape Verde Islands *
Comoro Islands *
Djibouti *
Egypt *
eSwatini
Guinea-Bissau *
Kenya
Madagascar *
Malawi
Mauritania *
Mauritius
Mayotte
Mozambique *
Reunion
Rwanda
Seychelles *
Sierra Leone *
Somalia *
Tanzania*
The Gambia
Togo *
Zambia

Caribbean

Aruba
Bonaire; St. Eustatius and Saba
Cuba
Curacao
Dominica
French West Indies
Haiti
Jamaica
St. Kitts and Nevis
St. Lucia
St. Maarten
St. Vincent and the Grenadines
Trinidad and Tobago

Middle East

Armenia *
Iran *
Israel
Jordan *
Lebanon*
Palestenian Territory
Qatar
Saudi Arabia*
United Arab Emirates

E-visa

Sri Lanka
*The list of countries is subject to variations depending on each government’s policy and so is access to these countries.

Organizations

Nominated to join the European Union
Member of the United Nations since 2006
Member of World Trade Organization since 2012
Member of the NATO since 2017

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