MO NT ENEGRO

CITIZENSHIP BY INVESTMENT PROGRAM

Multi Governments Authorized Firm

 ABOUT US
ETHICAL. EXPERIENCED.

Due to a strong track record with Governments and the experience acquired
through the high volume of cases processed over the years, Citizenship Invest can
ensure the highest success rates. The company successfully helps every year
hundreds of individuals and families around the globe to acquire a second
citizenship by investment. Citizenship Invest has a long-term view of this valuable
client-advisor relationship and commits to its clients for life.

BESPOKE. FOR LIFE

Post acquiring citizenship, the company supports

its clients throughout their lives with different
additional services related to their citizenship and
passport. These services, exclusive for our clients,
are lost passport replacement, passport renewal,
new born baby and spouses citizenship
applications, driving license and national ID card
amongst others.

Multi Governments Authorized Firm

 MONTENEGRO
CITIZENSHIP BY INVESTMENT PROGRAM

The Montenegro Citizenship by Investment Program was launched by the

Government of Montenegro as part of its ongoing efforts to attract foreign direct
investment and increase economic activity in the country. Montenegro economic
citizenship program allows foreigners to be granted the citizenship of Montenegro
at the discretion of the Ministry of Interior Affairs and Public Administration through
a designated investment.

Processing Time Average time of 3 months

Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen

Visa free travel
Area, Russia, Turkey and UAE

Real Estate project + a non-refundable financial contribution to the Government

Investment type
of Montenegro

Investment cost Minimum EUR 350,000

Family Dependents Spouse, dependent children below 18 years old and dependent parents

Passport Validity Ten (10) years for both Adults and minor children

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FI R M

 CO UN T RY I N FO

Montenegro is a Balkan country in Southeastern

Europe with a coast on the Adriatic Sea to the
south. Its dramatic natural beauty, including the
imposing mountains that wall the coast, inspired
15th-century Venetians to name it Monte Negro, or
Black Mountain.

Heroic-looking highlands, picturesque bays overlooking the royal blue Adriatic Sea, antique Venetian
villages and UNESCO heritage cities, draw both domestic and foreign tourists.
Montenegro is quickly becoming one of the most sought-after destination for businesspeople seeking
to invest, mobility, security and an increased quality of life.

LANGUAGE
CAPITAL POPULATION
Serbian, Montenegrin (official),
Podgorica 642,550
Bosnian, Albanian, Serbo-Croat

GOVERNMENT TYPE CURRENCY EXCHANGE RATE

Parliamentary Republic Euro (EUR) 1 USD = 0.89 EUR

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FI R M

 C I T I Z E N S H I P LAW
The Montenegro citizenship by investment program
has officially announced the new economic citizenship
scheme on Oct 1, 2018. The decision came into force on
Jan 1, 2019 and will apply until Dec 31, 2021
Montenegrin Citizenship by Admission scheme was
published in Official Gazette of Montenegro 34/10,
40/16 and 62/18 which was adopted at the session of
22 November 2018.

BE N E FI TS

SIMPLE PROCESS GLOBAL MOBILITY WEALTH

The investment is payable
only after the citizenship
approval, not before
No need to renounce your
current citizenship(s)
No notification to your home
country on your new
citizenship
No physical residency
requirements, you are entitled
to apply instantly
No interview, language test,
education or management
experience required
Instant visa-free or
visa-on-arrival access to 124
destinations including
Europe’s Schengen Area,
Russia, and UAE
E-2 Treaty Program signed
between Montenegro and the
United States which allows
citizens of Montenegro to
apply for an E-2 Investors
Visa to reside and work in the
U.S.
Montenegro is a candidate
country for future expansion
of the EU which is expected
by 2025.
Reputable second passport
easy to obtain visas when
required
PROTECTION
No taxes on capital gains, gift,
wealth and inheritance; No
taxes for non-residents
One of the lowest tax rates in
Europe.
Ability to open bank accounts
in reliable banking institutions
worldwide with this passport
No restriction on the
repatriation of profits and
imported capital
Generous incentive packages
including corporate tax
incentives, full exemption
from import duties, tax relief
benefits and export allowance

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FIR M

COSTS
To be eligible for citizenship in Montenegro under its Citizenship by Investment Program, applicants must
invest in a Government approved Real Estate project and also make a non-refundable financial contribution
to the Government (BOTH COMBINED).

1. DONATION TO THE MONTENEGRO GOVERNMENT FUND

Non-refundable financial contribution to a Government fund.

Government Donation EUR 100,000

2. REAL ESTATE INVESTMENT

Real Estate Investment through one of the Government approved real estate asset classes: freehold
property with title deed; hotel shares; fractional ownership or land. The investment and Government Fees
are payable once the citizenship is approved.

Real Estate investment in the capital of Podgorica and

EUR 450,000
other developed regions

Real Estate investment in the underdeveloped regions EUR 250,000

GOVERNMENT FEES

In addition to the purchase of real estate, there are Government fees to be paid.

Main applicant EUR 15,000

Per family member (up to 4 persons) EUR 10,000

Each additional Family member EUR 50,000

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FIR M

DUE DILIGENCE & BACKGROUND CHECKS

Compulsory background checks are payable to the Government who appoints a preferred due diligence
agency. These agencies use various international and local sources such as Interpol, World-Check and other
Government agencies. These fees are payable upon the submission of the application.

Main Applicant EUR 7,000

A family of up to 4 members (incl. main applicant) EUR 10,000

Each additional dependent above the age of 16 EUR 1,500

Citizenship Invest professional fees, official application forms, certification of citizenship and passport,
courier & other disbursements are the only other costs associated. A detailed quotation with no hidden
costs is provided for the specific case.

REQUIRED DOCUMENTS

Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke
service that simplifies the application process, requesting from clients the bear minimum. Our job is to
simplify the document collection as much as possible and when required we obtain the documents for the
client without their involvement. Please note the below list is to be used as a guideline only, after assessing
the particular case Citizenship Invest prepares a personalized checklist.

Documents required from each
applicant including children:
• Application form for the citizenship approval
• Notarized passport copy (certified with apostille, if applicable)
• Original excerpt of Birth record or certified copy of Birth certificates
• Health insurance policy, valid in Montenegro
• Medical report, assessing your health for infectious diseases
• A clean Criminal Record for all adults for both Country of Birth &
Country of Residence (If different) (Applicants above 16)

Documents required only from the • Original Bank statements as proof of financial resources,
main applicant: • Statement detailing the origin of funds for your fee payment and
investments

Documents required only if • Original excerpt of marriage record or certified copy of marriage
married persons apply together: certificates
• Certified copy of divorce certificate (if applicable).

For a personalized document checklist please contact us.

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FIR M

Multi Governments Authorized Firm
T IM E LINE

CI will pre-screen your passport for government

MONTH 1
pre-approval. A down payment for professional
fees is payable to start your application.

CI professional team will assist and advise you with

the collection of the documents required by the
Government. Once the file is ready for submission,
Government Processing Fees, Due Diligence and CI
submission invoice are payable. CI submits your
application.

Due Diligence report is issued to the Government.

Based on the results, the Government makes a

MONTH 2 decision on your Citizenship application. Once

approved you are invited to pay the donation or
investment.

MONTH 3
Citizenship Certificates and passports are issued.
The balance of CI professional fee is paid.

The estimated time to receive citizenship approval

depends on the due diligence processing time and the
specific case.

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FIR M

MON TE NEGR O V I SA F R E E CO UN T R I E S 124
COUNTRIES

Albania Guinea Qatar

Andorra Guinea-Bissau Romania
Antigua and Barbuda Haiti Russia
Argentina Hungary Rwanda
Armenia Iceland Saint Kitts and Nevis
Austria India Saint Lucia
Azerbaijan Iran Saint Vincent and the
Bangladesh Israel Grenadines
Belarus Italy Samoa
Belgium Jamaica San Marino
Benin Jordan São Tomé and Príncipe
Bolivia Kenya Saudi Arabia
Bosnia and Herzegovina Kyrgyzstan Senegal
Brazil Laos Serbia
Bulgaria Latvia Singapore
Cambodia Lebanon Slovakia
Cape Verde Lesotho Slovenia
Chile Liechtenstein Somalia
Colombia Lithuania South Korea
Comoros Luxembourg Spain
Costa Rica Madagascar Sri Lanka
Côte d’Ivoire Malawi Suriname
Croatia Malaysia Sweden
Cuba Maldives Switzerland
Cyprus Malta Tajikistan
Czech Republic Mauritania Tanzania
Denmark Mauritius Timor-Leste
Djibouti Micronesia Togo
Dominica Moldova Trinidad and Tobago
Ecuador Monaco Tunisia
Egypt Mozambique Turkey
Estonia Nepal Tuvalu
Eswatini Netherlands Uganda
Ethiopia Nicaragua Ukraine
Finland North Macedonia United Arab Emirates
France Norway Uruguay
Gabon Pakistan Uzbekistan
Gambia Palau Vatican City
Georgia Panama Vietnam
Germany Peru Zambia
Greece Poland Zimbabwe
Grenada Portugal

* Visa on arrival

The list of countries is subject to

variations depending on each
government's policy and so is
access to these countries.

M ONTENEGR O MULT I GOVERN MEN TS AUT HO RIZ ED FIR M