Montenegro offers citizenship and residence to investorsStaff Writer | July 27, 2018
After years of consideration, Montenegro has decided to join the list of countries seeking to attract foreign direct investments through citizenship by investment programs, starting in October 2018 for a limited number of 2,000 applicants from non-EU countries.
Europe Montenegro is one of the fastest growing economies in the Balkans
As a young state, it truly offers a unique potential for investors seeking mobility, safety, security, opportunity, and increased quality of life.
The investment requirements are:
- €100,000 in the form of a Government Fund Donation, and
- €250,000 investment in approved real estate in an undeveloped region (north of the country), or
- €450,000 investment in approved real estate in a developed region (south of the country).
At a starting investment of €350,000, Montenegro's program will prove to be one of the most competitive in Europe.
What makes the program even more attractive is its application speed, which allows permanent residence status within 3 weeks- without undermining thorough due diligent processes. Citizenship is then granted within a period of 6 months as permanent residents.
The Montenegrin passport is currently ranked 37th in the world by The Passport Index, allowing citizens visa-free travel to 115 countries, and is expected to grow significantly following EU accession.
A NATO member, Montenegro is on the agenda for future enlargement of the European Union by 2025. It already uses the euro as its currency and is in the process of integrating EU legislation into national law. ■