15 Dec Montenegro Citizenship-by-Investment [2023 Guide]
Unfortunately, all passports are not created equal. And for those with less travel power, holders can sometimes feel held back when it comes to international living, business and opportunity.
But this does not have to be the case. Second citizenship by investment opens the door to the wider world, allowing those with the means to live, study, work and retire in a secure, stable, and peaceful environment.
In this article, we’ll look at the benefits of Montenegro citizenship by investment program. We’ll cover the following areas:
- Benefits of Montenegro citizenship by investment program
- Montenegro citizenship by investment options
- Montenegro citizenship by investment eligibility requirements
- How to apply for Montenegro citizenship
- Montenegro citizenship by investment required documents
- How much does Montenegro citizenship by investment cost?
- Montenegro passport visa-free countries
- Montenegro passport ranking
Benefits of Montenegro citizenship by investment program
First things first – investment in Montenegro citizenship gives you access to a beautiful European nation on the stunning Adriatic coast. With a population of just over 600,000, the country boasts a robust infrastructure yet unspoiled nature – rugged mountains, shimmering lakes, and spectacular scenery all around.
And, of course, Montenegro offers much more than its beauty. Passport holders can enter 122 countries either visa-free or with visa on arrival, relocate to a stable NATO, WTO and European Money Union member state, and benefit from a low personal tax rate of just 9-11%.
The benefits of Montenegro citizenship by investment also extend to the spouse and dependant children of the main applicant.
Montenegro citizenship by investment options
Two options are available to those wishing to achieve Montenegro citizenship by investment.
Option one requires a EUR 200,000 non-refundable contribution to the government fund as well as a EUR 250,000 real estate investment in an underdeveloped region. Real estate must usually be purchased in northern or central regions outside Podgorica.
Option two requires the same EUR 200,000 non-refundable government donation plus a real estate investment of EUR 450,000 in a developed region of the country. This real estate must be in the south of the country, in Podgorica or the coastal regions.
Both options will also incur government processing and due diligence fees.
Montenegro citizenship by investment eligibility requirements
Montenegro citizenship by investment is open to investors over 18 with no criminal record or prosecution history. Investors must also pass all government due diligence checks and be able to satisfactorily prove the legality of funds.
The program is also open to the investor’s spouse, including same-sex couples, and any children financially dependent on the main applicant.
How to apply for Montenegro citizenship
Applying for second citizenship is a complex process and always requires an expert eye. So, the first step before embarking on any application is to seek out a citizenship by investment firm such as Huriya Private to guide you through the process.
After a short consultation, we will manage the following steps on your behalf.
Sign retainer
First, you will need to sign a Retainer Agreement giving consent for Huriya Private to act as your advisor throughout the application, due diligence and legal processes.
Choose your real estate
Once in Montenegro, you can search for or review pre-selected properties depending on your requirements. Once satisfied with your real estate investment, it is time to pay the holding deposit and sign the contracts.
Complete donation and investment
The next step is to transfer the government contribution of EUR 200,000 to an approved escrow account and complete the property purchase. This process can take place from your home country with 100% refund status. So, should your application be rejected after security checks, your money will be returned.
Citizenship application
The final step is to submit your completed application form and all supporting documents. Huriya Private will work with you to make sure all paperwork is accurate and complete at the time of submission to help avoid delays and rejections. If approved, you will usually receive your Montenegro passport within three months.
Montenegro citizenship by investment required documents
When applying for second citizenship by investment, you will need to submit the following documentation for the main applicant and anyone else that intends to benefit from the program:
- Completed application
- Notarised passport copy
- Original birth certificate
- Original marriage certificate (if applicable)
- Valid health insurance policy for Montenegro
- A medical report with details of any infectious diseases
- A statement confirming the legality and origin of funds
How much does Montenegro citizenship by investment cost?
Citizenship by investment in Montenegro starts from EUR 450,000 for investment in an underdeveloped area and EUR 650,000 for investment in a developed area. However, it can cost more if you wish to buy a more expensive property.
On top of these costs, you will also need to account for government, due diligence and processing fees, as well as the cost of travelling to and staying in Montenegro during the early stage of your application.
Montenegro passport visa-free countries
Montenegro passport holders can visit the following countries on a visa-free or visa-on-arrival basis. An asterisk denotes visa on arrival.
Africa
Cape Verde
Comoros
Egypt*
Eswatini
Gambia*
Guinea-Bissau
Kenya*
Madagascar*
Malawi*
Mozambique*
Rwanda*
Senegal
Somalia
Tanzania*
Togo
Tunisia
Uganda*
Zambia
Americas
Argentina
Bolivia
Brazil
Chile
Colombia
Costa Rica
Ecuador
Nicaragua
Panama
Peru
Uruguay
Asia
Bangladesh*
Cambodia*
Hong Kong (SAR China)
Kazakhstan
Laos*
Macao (SAR China)
Maldives*
Nepal*
Singapore
South Korea
Timor Leste*
Uzbekistan
Caribbean
Cuba*
Dominica
Haiti
Jamaica*
Mauritania
Mauritius
Saint Lucia
St. Vincent and the Grenadines
Trinidad and Tobago
Europe
Albania
Andorra
Austria
Armenia
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Georgia
Germany
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Netherlands
North Macedonia
Norway
Poland
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
Vatican City
Middle East
Iran
Israel
Jordan*
Lebanon*
Palau
Saudi Arabia*
Turkey
United Arab Emirates
Oceania
Micronesia
Samoa*
Tuvalu*
Montenegro passport rank
Montenegro ranks 35th in the official passport index, offering visa-free or visa-on-arrival access to 64% of the world’s countries. This ranking puts it ahead of Turkey, Russia, Qatar, and Saudi Arabia.
Secure second citizenship with Huriya Private
Huriya Private is an independent, international, award-winning immigration firm offering second citizenship and more to international clients around the world.
When you work with us, you can gain expert insight on how to best manage and invest your finances in Montenegro and beyond, receive a customised proposal to help you achieve your objectives, and get advice from the experts crafted specifically for your individual requirements.
So, if you’re looking to open the door to stability, security and international opportunity, get in touch with the expert team at Huriya Private to start your application.
