Montenegro

European Citizenship by Investment Program

Program Overview

The Montenegrin Citizenship Investment Program was initiated by the Montenegrin government as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. The Montenegro Citizenship by Investment Program was closed on 31 December 2022. Montenegro is a member of NATO and is elected to soon join the European Union.

Program Details

Time To Citizenship

5-6 months

Visa Free Travel

127 countries

Passport Rank

46th In the world

Minimum Investment

€450,000 EUR

No Residency Requirements

Citizenship Program Established

in 2018

Country Overview

Montenegro – The Black Mountain - is a jewel of the Adriatic Sea, nestled between Croatia, Bosnia and Herzegovina, Serbia, Kosovo, and Albania.

Known for its historical cities, crystal clear lakes and beautiful beaches you can also enjoy skiing in the magnificent mountains. Montenegro has 117 beaches spread out over its 293 kilometers of coastline. There are rocky, sandy, small concealed, and magnificent pink pebble ones.

Lake Skadar in Montenegro is one of Europe's largest bird sanctuaries. It is a crucial stop for migrating birds and is home to approximately 270 bird species. The oldest olive tree in the world is found in Montenegro's southern town of Bar, where it is known as Stara Maslina. Trees that are more than 2,000 years old are a spectacular sight in a region famed for its hectares of exquisite olive groves.

Capital

Podgorica

Population

642,550

Language

Serbian/Montenegrin

Currency

Euro (EUR)

Exchange Rate

1 USD = 0.94 EUR

Government Type

Parliamentary Republic

Investment Requirement

To benefit the citizenship of Montenegro you were required to make 2 investments:

  • A €200,000 EUR donation to the government of Montenegro

  • A real estate investment of €250,000 EUR in the Northern side of the country or €450,000 EUR in the southern side of the Country (more developed side)

Visa-Free Travel Countries

127 Countries

* Visa on arrival

**eTA

Europe

  • Hungary

  • Iceland

  • Italy

  • Kosovo

  • Latvia

  • Liechtenstein

  • Lithuania

  • Luxembourg

  • Malta

  • Moldova

  • Monaco

  • Netherlands

  • North Macedonia

  • Norway

  • Poland

  • Portugal

  • Romania

  • Albania

  • Andorra

  • Austria

  • Belarus

  • Belgium

  • Bosnia and Herzegovina

  • Bulgaria

  • Croatia

  • Czechia

  • Denmark

  • Estonia

  • Faroe Islands

  • Finland

  • France

  • Georgia

  • Germany

  • Greece

  • Russian Federation

  • San Marino

  • Serbia

  • Slovakia

  • Slovenia

  • Spain

  • Sweden

  • Switzerland

  • Türkiye

  • Ukraine

  • Vatican City

Asia

  • Armenia

  • Bangladesh

  • Cambodia

  • Hong Kong (SAR China)

  • Kyrgyzstan

  • Laos

  • Macao (SAR China)

  • Maldives

  • Nepal

  • Singapore

  • South Korea

  • Sri Lanka

  • Timor-Leste

  • Uzbekistan

Americas

  • Argentina

  • Aruba

  • Bolivia

  • Bonaire; St. Eustatius and Saba

  • Brazil

  • Chile

  • Colombia

  • Cuba

  • Costa Rica

  • Curacao

  • Dominica

  • Ecuador

  • French Guiana

  • French West Indies

  • Greenland

  • Haiti

  • Jamaica

  • Nicaragua

  • Panama

  • Peru

  • St. Kitts and Nevis

  • St. Lucia

  • St. Maarten

  • St. Vincent and the Grenadines

  • Suriname

  • Trinidad and Tobago

  • Uruguay

Africa

  • Burundi

  • Cape Verde Islands

  • Comoro Islands

  • Djibouti

  • eSwatini

  • Ethiopia

  • Guinea-Bissau

  • Kenya

  • Madagascar

  • Malawi

  • Mauritania

  • Mauritius

  • Mayotte

  • Mozambique

  • Reunion

  • Rwanda

  • Seychelles

  • Somalia

  • Tanzania

  • The Gambia

  • Togo

  • Tunisia

  • Zambia

Oceania

  • Cook Islands

  • French Polynesia

  • Micronesia

  • New Caledonia

  • Niue

  • Palau Islands

  • Samoa

  • Tuvalu

Middle East

  • Egypt

  • Israel

  • Jordan

  • Lebanon

  • Iran

  • Palestinian Territory

  • Qatar

  • Saudi Arabia

  • United Arab Emirates

*The list of countries is subject to variations depending on each government's policy and so is access to these countries.

Organizations

European-Union.png

Nominated to join the European Union

Member of the United Nations since 2006

Member of World Trade Organization since 2012

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Member of the NATO since 2017

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