Montenegro Citizenship

MONTENEGRO CBI FACTSHEET

Montenegro, once part of Yugoslavia, became a nation-state in 2006.  It is located in South-Eastern Europe on the Balkan Peninsula in South-eastern Europe

The population of the country now totals 629,000 and is known for its friendly warmth and hospitality.  With tourism at the heart of its economy, Montenegro makes the most of its assets which include 273km of Adriatic coast with its sandy beaches and is an area of outstanding natural beautify with shimmering lakes, untouched peaks and Mount Lovćen rising above the country.

The natural harbor of Porto Montenegro has become one of Europe’s top luxury destinations with super-yachts, helicopters, luxurious properties and nightclubs. Near to Porto Montenegro sits Kotor.  This medieval town boasts baroque, Venetian and Austrian style buildings and has been named a UNESCO World Heritage Site.

Another key attraction for both visitors and locals is the village-style island resort of Aman Sveti Stefan.  A causeway takes the visitor from the Queen’s Beach and for those looking for modern luxury the new coastal town of Luštica Bay offers the five-star treatment in the resort hotel The Chedi Luštica Bay. One& Only Portonovi is the group’s first hotel in Europe which is a testimony to the potential for investment.  The Ritz- Carlton Montenegro is set to open in 2023.

The official currency of Montenegro is the Euro and the country is seeking membership of the EU.

Montenegro Citizenship by Investment Programme:

Montenegro (Flag, beautiful cover photo, country shape)

  • Population: 0.62 million
  • Capital: Podgorica
  • Language: Montenegrin
  • Religion: Catholic Christianity and Islam
  • Currency: EUR
  • GDP per capita: 9116$
  • Climate: Mediterranean

Requirements

On 1 January 2019, the Government launched the Montenegro Citizenship-by-Investment Program to attract more foreign investment to the country. To apply an individual must make a specific economic contribution for which they receive, after vetting, their Montenegrin citizenship.

The main applicant must be 18 years of age or over and fulfill certain application requirements as well as making the defined contributions.

The contributions required are as follows:

  • Local under-developed, self- government units – €100,000
  • Minimum investment of €450,000 into an approved real estate development project located in Podgorica or the coastal region of the country. Or
  • An investment of at least €250,000 into an approved real estate development located in the central northern region (excluding Podgorica).
Processing fees must be paid as follows:

  • Single applicant €15,000
  • Family members €10,000 per persona
  • Family members (after the first 3 dependents) €5,000 per person

The applicant must pay vetting fees to cover the due diligence checks and the costs of the biometric passports.

All applicants must have a clean criminal record.

Procedures and time frame

All applications must be submitted via Government accredited intermediary agents.

Family members and dependents include a spouse, dependent children over 18, dependent children under 18.  Once children reach the age of 18 years they may become Montenegrin citizens.

At the time the application is submitted, the applicant must send all the fees and the supporting documentation including certified copies of:

  • Passports and ID papers.
  • Birth, marriage and divorce certifications
  • Insurance policies
  • Medical certificates

All of this information will need to be verified by the approved due diligence service.  If, after this time, false information or concealment of relevant facts are discovered citizenship may be revoked.

Once the due diligence checks are complete the paperwork is sent to the Government where the applications are usually processed within a 6-8 week time frame.

Dual citizenship

Montenegro’s law (Article 8) on dual citizenship does not apply to those who successfully enter the country under the Montenegro Citizenship-by-Investment Program.   If an individual makes a significant contribution to the country, including economic, under Article 12 they may be granted the right to dual citizenship.

TAXATION

Montenegro has a favorable tax system.

Corporation tax is 9%, as is personal and capital gains tax.  For those earning above €765/month an additional 2% tax is added.  Residents living abroad also have to pay tax in Montenegro although the country has negotiated several double taxation treaties.

The VAT is 21%, although some goods are zero-rated or reduced.  Hotels, for example, only charge 7% VAT on accommodation.

Real estate tax rates change according to the municipality and range from 0.25% to 1%.  Purchasers of real estate pay 3% of the market value in real estate transfer tax (RETT), however, when a new build is transferred for the first time the VAT rate of 21% applies and RETT s not charged.

KEY ADVANTAGES OF MONTENEGRIN CITIZENSHIP:

  • Travel Visa-free 9or visa-on-arrival) to 122 destinations worldwide including Russia, Turkey and within Europe’s Schengen Area.
  • Montenegro is an official EU candidate country.
  • Montenegro is a multinational and multilingual modern European country.
  • The area has a mild Mediterranean climate, outstanding natural scenery, and the cost of living is low.
  • Montenegro is a member state of the WTO, OSCE, the European Monetary Union and NATO.
  • The applicant’s citizenship includes family members.
  • Business orientated government.
  • Politically and economically stable.

REAL ESTATE INVESTMENT MONTENEGRO

A few examples of our real estate options for residency and citizenship investment in Montenegro.

Centrally located within the graceful curves of the Bjelasica mountain, right near the acclaimed Kolašin 1450 ski resort, Bjelasica 1450 will indulge visitors in the…

3 beds 3 baths
3 beds 3 baths

CITIZENSHIP AND RESIDENCY PROGRAMMES

A selection of alternative residency and citizenship investment programmes to consider.

Malta

600 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 183 countries

Process Duration: 6 months

Montenegro

450 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 122 countries

Process Duration: 2 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 172 countries

Process Duration: 6 months

Moldova

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 119 countries

Process Duration: 6 months

Austria

250 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 185 countries

Process Duration: 24 months

Bulgaria

512 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 169 countries

Process Duration: 6-12 months

Turkey

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 110 countries

Process Duration: 2 months

Jordan

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 49 countries

Process Duration: 4 Months

Vanuatu

130 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 125 countries

Process Duration: 6 months

Saint Lucia

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 128 countries

Process Duration: 3 months

Saint Kitts & Nevis

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Grenada

150 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 127 countries

Process Duration: 3-4 months

Dominica

100 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 120 countries

Process Duration: 4 months

Antigua & Barbuda

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Residence by investment Programs

Explore the most popular residency by investment programs worlwide

Greece

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Spain

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Portugal

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Australia

500 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 183 countries

Process Duration: 6 months

Austria

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 185 countries

Process Duration: 4 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Canada

1 200 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

Italy

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 150 countries

Process Duration: 6-8 months

Switzerland

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 155 countries

Process Duration: 4 months

HongKong

200 000EUR Investment

Real Estate

Asia Residency

Visa Free travel to 79 countries

Process Duration: 3 months

Jersey

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Latvia

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 3 months

Malaysia

135 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Malta

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 98 countries

Process Duration: 3-4 months

Monaco

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6 months

New Zealand

5 500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6-8 months

Singapore

250 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 65 countries

Process Duration: 6 months

Thailand

60 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 120 countries

Process Duration: 3 months

United Kingdom

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 175 countries

Process Duration: 3 months

USA

 

900 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

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