Montenegro Economic Citizenship Programme

Black Mountain

Montenegro - the pearl of the Mediterranean - boasts stunning mountainous landscapes, dramatic coastlines, historic monuments and truly beautiful walled old towns. A great place for business and leisure.

Montenegro (Montenegrin: Crna Gora, meaning "Black Mountain") is a country in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west. Its capital and largest city is Podgorica, while Cetinje is designated as the Prijestonica, meaning the former Royal Capital City.

Business life

Here is some information for those planning to apply for citizenship in Montenegro.

• Montenegro is one of the most politically stable countries of the region.
• Montenegro is an EU member candidate.
• NATO member country.
• Montenegro has free trade agreements with the EU.
• Official currency: Euro (€)
• Developed financial and telecommunication system.
• Corporate income Tax: 9%
• Personal income Tax: 9%
• The dividend and the profit are freely transferable.
• Montenegro offers visa free travel for most nationalities.
• Double taxation agreements with 36 countries: Albania, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Iran, Italy, South Korea, Kuwait, Latvia, Macedonia, Malaysia, Moldova, the Netherlands, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sri Lanka, Sweden, Turkey, Ukraine and the United Kingdom

Forms of business entities

Limited Liability Company requirements:

• Personal identification card
• Completed registration form
• Minimum capital requirement: 1 €
• Registration fee: 10 €

Joint Stock Company requirements:

• Minimum capital requirement: 25 000 €
• Founding act
• List names of all board members and managers
• Name and addresses of executive director, revisionary board and secretaries
• Organizational and operational rules
• Completed registration form
• Registration fee: 10 €
• Resolution from Security Commission board approving a public offer of shares

Opening a bank account and applying for a tax identification number are obligatory in both business forms.

The country

Montenegro is located in the Balkans on the Adriatic sea approximately 500 kilometers from Rome, 1.500 kilometers from Paris and Berlin and about 2.000 kilometers from Moscow.

• Government: Republic
• Area: ~ 14.000 km²
• Population: ~ 650.000
• Official language: Montenegrin
• Calling Code: +382
• Internet TLD: .me (.cg, .yu)
• Time Zone: GMT+1

Cities

Podgorica

The capital and largest city in Montenegro, experiencing a huge architectural boom in the last couple of years.

Cetinje

The old royal capital of Montenegro, with a large number of museums, monasteries and former embassies.

Niksic

The second largest city in Montenegro and economically important.

Budva

Most popular resort with great beaches and vibrant nightlife.

Tivat

A small town in the Bay of Kotor, quickly emerging into a major touristic, business and transport centre.

Kotor

An ancient fortified town located deep down the ‘Boka Kotorska’ bay, UNESCO World Heritage Site.

Montenegro citizenship

The Government of Montenegro has officially announced a new economic citizenship program (citizenship by investment), starting from the 1st October 2018. While the legal frame of the procedure and the list of the approved real estate projects are still being prepared, the Government has already started accepting the application reservations. The demand is expected to be very high, and the total amount of two thousands of Montenegro passports is expected to finish in the shortest terms.

Program benefits

1. Fast procedure. Residency within 3 weeks and approval of citizenship within six months.
2. No language requirements.
3. No obligation to relinquish current nationality.
4. NATO Member.
5. Candidate country for future expansion of the EU, expected by 2025.
6. Visa-Free access to 115 nations.
7. Strategic geographical location in Europe with direct access to Adriatic Sea.
8. Home to Porto Montenegro; one of the world's finest yachting harbors.
9. An outstanding holiday destination.

Procedure and Requirements to get citizenship

Investment

• Option 1: 100k € donation to the government + 250k € investment in the north region;
• Option 2: 100k € donation to the government + 450k € investment in the coast line.

• Permanent Residency is approved upon the application approval;
• Citizenship in 6 months upon application approval;
• Spouse and kids can be included (kids up to 24 years old);
• 2000 main applicants only;
• 3 years duration of the program;
• Applicants must pass due diligence check.

List of documents

• Passport copy,
• CV,
• Bank statement (to prove the source of funds, related to the investment),
• Clear criminal record statement (from every jurisdiction, where the applicant has been a resident),
• Birth certificate,
• Marriage certificate (if the spouse is included in the application).

Your full name is required.

A valid international phone number is required.

A valid e-mail address is required.

Nationality is required.