Montenegro Citizenship By Investment Programme 2020

Montenegro Passport By Investment Programme

Looking to acquire investment citizenship and enjoy visa free travel to EU countries? The highly anticipated Montenegro Golden Passport Programme, formally known as the Montenegrin Citizenship By Investment Programme, now affords third country nationals the opportunity to acquire a second passport in 3 months, with investments from only €250,000.

Find out more about the newly launched programme below, or contact us now for a free consultation.

About the Montenegro CIP Programme

Formally launched by the Montenegro government in early October 2019, the programme intends to attract foreign direct investment, with an emphasis on developmental projects.

The programme was only launched 2 years after it was first announced, and had since received extensive market interest and publicity. Given the investment price point, streamlined application process and the power of the Montenegrin passport, demand from high net worth individuals in China, Hong Kong, Vietnam, South Africa and the Middle East is expected to be very high.

The programme features rigorous due diligence requirements and a cap on annual applications –  only 2,000 investment passports will be issued per year. Applicants must be aged 18 years or older, and must make an eligible investment into a government approved real estate development or project.

In addition, both primary applicants and their dependent family members are required to make a non-refundable contribution to a government development fund.

Once the stringent programme requirements have been met, the applicant and their family can be granted full citizenship.


2020 Investment requirements: Montenegro Golden Passport Programme

  1. The €450,000 investment option: Foreign investors have the option of making an investment of €450,000 in real estate projects in Podgorica, the capital of Montenegro, or in its popular coastal regions.

  2. The €250,000 investment option: Alternatively, applicants have the option of investing this lesser capital sum into realty projects in Northern or Central Montenegro, however lower yields on investment should be expected.

While the programme initially only made provision for investment in hospitality type developments, the Montenegrin government recently launched a policy framework document expanding the programme’s investment scope to include industrial wood processing, agricultural projects and fisheries projects as alternative investment categories.

For fisheries, forestry and agricultural projects, the investment must be made in primary production, or in the processing of raw materials:

  1. The €2 million investment option: For investments into primary fisheries and agricultural production projects, the minimum capital investment requirement is €2 million.

  2. The €3.5 million investment option: For investments into processing projects for fisheries and agriculture, the minimum investment amount is €3.5 million.

  3. The €4 million investment option: For investments into wood processing projects for, the minimum investment amount is €4 million.

In addition, these projects have a job creation requirement of at least 20 full time positions per project as well, regardless of the industry being invested in – quite similar to the American EB5 Program.

NB: These investments may not take advantage of EU pre-accession funds or subsidies associated with the Montenegro government policy and may not be financed, even partially, but international grants, donations or similarly derived funds.

Beyond a qualifying capital investment, primary applicants are required to contribute an additional €100,000 towards a special fund aimed at facilitating the economic upliftment of under-developed areas of Montenegro.

A government processing fee of €15,000 is charged for the primary applicant.  An additional family member, for example a spouse, can be added for an additional €10,000, and two dependent children can be added for €10,000 each. Any additional family members applied for beyond this number will attract an application fee of €50,000 each.

Montenegrin citizenship is granted to dependent children when the reach the age of 18 years, and can be passed on to future generations by descent.


MEDITERRANEAN LIFESTYLE: Montenegro is one of the world’s best kept secrets. Boasting incredible beaches, spectacular natural scenery and a sun-drenched lifestyle, this is the ultimate travel and retirement destination a stone’s throw from Western and Southern Europe.

A BOOMING BALKAN ECONOMY: Montenegro is one of the fastest growing countries in the Balkan area, and is fast establishing itself a key business and trade destination across a range of industries with significant future growth potential.

EU MOBILITY: The Montenegrin passport is quite powerful, affording the bearer visa-free access (or visa on arrival) to over 120 countries, including the UAE, Mauritius, Monaco, Latvia, Brazil, Iran, Jordan, Russia, Turkey and 26 Schengen countries.

POTENTIAL FUTURE EU CITIZENSHIP:  Montenegro became a NATO member on 5 June 2019. In addition, the country is recognised as a strong contender for future EU membership, which would make the acquisition of a currently second-tier rated passport, such as that of Montenegro, an excellent second citizenship investment.

THE ULTIMATE PLAN B: Obtaining Montenegrin Citizenship By Investment for your family is one of the greatest gifts you can give them, and is the ultimate hedge against political, economic and social risks in your native country.

A SECURE INVESTMENT: Your property investment is refundable after a period of 5 years – guaranteed.

APPROVAL SPEED: Obtain Montenegrin residency in 1 month, and citizenship within 6 months, with one of the world’s fastest citizenship programme.

Please note that the number of slots for your country of origin is extremely limited, so contact us to today to get started with your applicant.

Don’t delay and lose out; submit your details below now.