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Montenegro

Country profile

Montenegro is in southeast Europe, on the Balkan coast. In 2003, out of the remnants of the former Yugoslavia, Montenegro and Serbia entered into a union to stabilise the region. Montenegro gained sovereignty in 2006, after 55 per cent of the population voted to end the Union of Serbia and Montenegro. Montenegro, derived from Venetian and meaning ‘Black Mountain’, takes its name from the densely forested Mount Lovcen in the southwestern region of the country. Over the years, Montenegro has established itself as a world-renowned holiday destination and a strategic destination for some of the world’s most important industries.

  • Official name: Montenegro
  • National anthem:Oj, svijetla majska zoro
  • Location: Balkans, Europe
  • Capital city: Podgorica
  • Official language: Montenegrin
  • Independence: 3 June 2006, from Serbia
  • Government type: Parliamentary democratic republic
  • Head of State: President
  • Head of Government: Prime Minister
  • Basis of legal system: English common law; Roman civil law
  • Currency: Euro
  • Climate: Hot-summer Mediterranean climate
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report

Programme Profile

The Montenegro Citizenship by Investment Programme

  • Launched on the basis of the Decision on criteria, method and procedure for selection of persons who may acquire Montenegrin citizenship by admission for the purpose of implementation of special investment programme of particular importance for the business and economic interest of Montenegro, adopted on 22 November 2018
  • The Decision entered into effect on 1 January 2019 and, in October 2019, Montenegro began accepting applications
  • Limited by application volume (2,000 applications) and time (slated to run until 31 December 2021)
  • One, two-tiered investment including a non-refundable donation to assist underdeveloped communities in Montenegro and two real estate options.
    • The first real estate option includes Government-approved projects in northern and central Montenegro
    • The second real estate option includes Government-approved projects in a Podgorica or along the coastline
  • Hefty Processing Fees and Due Diligence Fees apply
  • In December 2019, the Government issued a decree specifying that the spouse, minor children, and adult children of the main applicant who are dependent on the main applicant may be included in an application
  • Montenegro issued its first application approval within three months of the submission of the application
  • No residence requirements, but applicants must travel to Montenegro to receive their final decision and supply biometrics
  • Montenegro is party to an E-2 visa treaty with the United States, allowing Montenegrin citizens to obtain E-2 visas to work in the United States