Montenegrin citizenship through investment

Author of the article:

Ilya

Montenegro real estate specialist

Date:  15.09.2024

Reading time: 7 min.

Views:  389

Do you dream of visa-free access across Europe, stability and opportunities for your business? Then I suggest you consider the program Montenegrin citizenship through investment. This country, located on the Adriatic Sea, is not only beautiful for its scenery, but also offers unique opportunities for investors.

• Why do investors choose Montenegro?
• What the program includes citizenship through investment?
• What are the investment requirements?
• How is the process and how long does it take?
• What are the additional costs and what risks might lie ahead?

Today we're going to talk about everything anyone considering getting a Montenegrin citizenship through investment in 2024. Get ready to learn all the details of this attractive program that will open the doors to a new life in Europe.

Let's start with how this program is structured and what it is.

How the citizenship by investment program works in Montenegro

History and objectives of the program
You know, the history of the creation of the citizenship through investment program in Montenegro begins in 2019. This program was designed to attract foreign investors to invest in the country's economy, thus contributing to its development and modernization. Through this program, Montenegro aims to improve the infrastructure and quality of life of its citizens.

Who can participate in the program
Anyone who meets certain criteria can participate: they can be entrepreneurs, investors and their families who want to expand their horizons and gain additional opportunities through a second passport. Of course, future candidates need to have no criminal record and a stable financial status.

Main stages of obtaining citizenship: from application to receiving a passport
The process starts with selecting a suitable investment project and preparing the necessary documents. This is followed by the official submission of the application to the relevant Montenegrin state authorities. The next step is to check the reliability and legitimacy of the sources of finance, as well as a general analysis of the candidate's dossier. The final step is waiting for the government's decision and receiving the passport.

Minimum investment requirements

Investing in real estate: minimum amounts and possible locations for investment
Investing in real estate is one of the most attractive and popular ways to participate in the program. The minimum investment amount is 250,000 euros for properties located in the northern part of the country and 450,000 euros for properties in coastal areas. It can be an investment in hotel complexes, residential apartments or commercial real estate.

Investments in governmental funds: amounts, terms and purposes
In addition to real estate, investments can also be directed to special state development funds. Here, investors must contribute 100,000 euros to a fund that facilitates the financing of projects aimed at environmental, social and economic improvement.

Comparison of investments in northern and southern regions of Montenegro
The northern part offers more affordable prices and less congestion, which can be ideal for nature lovers and silence. The southern regions are more dynamic and in demand among tourists, providing high rental yields.

Next, we will move on to a detailed look at the citizenship procedure, as well as talk about the advantages that a Montenegrin passport opens up.

Procedure for obtaining citizenship

Step 1: Preparation of documents

The first thing you will need to do is to prepare a comprehensive package of documents, which usually includes:

• Completed application form,
• A valid passport,
• A certificate of no criminal record,
• Financial documents proving the source of funds.

This is the foundation without which you can't get anywhere, so this stage should be approached with utmost care.

Step 2: Selecting an investment object and submitting an application

Choosing a property to invest in is perhaps one of the most exciting moments. You will have to decide whether you will invest in a cozy apartment by the sea or prefer a strategically important commercial project in the capital. Once you have selected an object, you will apply to the relevant state authorities for approval of your investment and further citizenship.

Step 3: Due diligence and its importance

Once an application is submitted, the next important step is the due diligence process, which is a thorough verification of the documents submitted and the identity of the applicant. This is a key point that ensures the legitimacy of the entire process and protects the economic interests of the country.

Step 4: Waiting for approval and issuance of citizenship

Once your investment application has been successfully vetted and approved, the last step is to wait for the government's decision. If everything goes well, you will receive your new passport, which will open doors to a new world of opportunities.

Process times typically take between 3 and 6 months, from application to passport receipt, making the program one of the fastest in Europe.

Advantages of Montenegrin citizenship

Visa-free entry to more than 120 countriesincluding Schengen countries, which is incredibly convenient for business and travel.

Opportunity to live and work in Montenegroand other European Union accession countries, making it an excellent starting point on the European continent.

Access to educational and health care facilities equal to other citizens of the country - this means that you and your family will be able to enjoy all social benefits.

Tax incentives and financial benefitsthat can significantly reduce your income tax costs and simplify business operations.

Apart from these key points, there are many other privileges that citizenship opens up through investments in Montenegro. The final part of our article will focus on the types of investments and details regarding the additional costs and risks to be considered.

Which investments are preferred for citizenship

Why Montenegro real estate popular with investors
Real estate in Montenegro, especially on the coast, is in particular demand not only because of the attractiveness of the location, but also because of the high potential rental yield. This country attracts tourists with its clean Adriatic Sea, mild climate and cultural heritage, which makes investing in local real estate a profitable business all year round.

Promising regions for real estate investment
One of the most sought-after regions is, of course, the coast - Budva, Bar, Kotor and Tivat. These towns attract tourists with their beauty and developed infrastructure. The capital city of Podgorica also attracts the attention of investors due to its strategic location and economic potential. Mountain resorts such as Zabljak and Kolasin are becoming increasingly popular among lovers of active winter vacations.

ANATOLIA Family residence

from € 65,800

Montenegro, city of Budva, village of Becici

ONIA Luxury Apartments

from € 135,000

Montenegro, Budva

AREN Montenegro

from € 270 000

Montenegro, Budva

Villas Elleven

from € 420 000

Montenegro, city of Budva, village of Krimovica

ADRIA MONTENEGRO

from € 76,830

Montenegro, Topla

Rhyzon Trinity

from € 141,000

Montenegro, the city of Risan

Examples of properties eligible for the program
One example of such an investment is apartments in new buildings in Budvawhere the average cost is about 3000 euros per square meter. You may also consider investing in a hotel business in Tivat or developing a hillside villa in Kotor.

Possible risks and how to avoid them

Montenegro does offer tempting opportunities to obtain a second passport through investments. The right approach to investment selection and compliance with all program requirements minimizes possible risks and opens doors to new opportunities for you and your family. It is not only a way to improve your passport portfolio, but also a great opportunity to invest in a stable and attractive European country.

Conclusion

So, the Montenegro citizenship through investment program offers a unique combination of low entry requirements, fast processing and future growth potential. This makes it an attractive choice for investors from all over the world. If you are looking to expand your horizons and secure a secure future for yourself and your family, Montenegro provides everything you need to do so.

I hope that the information provided will help you make the right decision. If you have any questions or need help with your application, do not hesitate to contact us for detailed advice - our experts are always happy to help!