MONTENEGRO

MONTENEGRO

$350,000

Overview

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.

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Description

Country Info

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 business people seeking to invest, mobility, security and an increased quality of life.

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. COMBINED INVESTMENTS

Non-refundable financial contribution to Montenegro 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 other developed regions
EUR 450,000 (OR)
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

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

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

Timeline

MONTH 1

CI will pre-screen your passport for government 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.

MONTH 2

Due Diligence report is issued to the Government. Based on the results, the Government makes a 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.

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