From the 1st of October 2018 the new Montenegro Citizenship program came into effect as a way to drive economic stimulation and attract foreign investment into the country. Officially known as the Montenegro Economic Citizenship Program (MECP) and often referred to as “Special Investment Scheme” this new addition to the Citizenship through Investment options, is likely to appeal to a wide range of individuals who are seeking a secondary residence or citizenship. Pro-active investors could receive not only a Montenegro passport, but in the near future once Montenegro joins the EU, a European passport also.
The Montenegro Citizenship by Investment and passport program will be effective for 3 years from its commencement and be limited to first 2,000 applicants. This program offers a good opportunity to obtain a potential future European Union citizenship for an affordable investment.
The program requires an applicant to invest in development projects approved by the Government as well as pay a Government contribution. Investment into a development can either be €250,000 if it is in a developing area or €450,000 if it is located in a developed area. Government contribution is fixed at €100,000. Applicants can gain Montenegro residency permit in as little as 3 weeks, and citizenship within 6 months. The Montenegro passport has visa free access to 123 countries including the Schengen zone.
With its diverse landscape of rugged mountains, Adriatic Coastline and a stream of medieval villages, Montenegro has a lot to offer despite its modest size. Historically a nation of farmers, it has recently experienced rapid urbanization now with over 60% of the population living in an Urban setting. Montenegro is situated just south of Croatia on the Adriatic Sea and is bordered by Serbia, Kosovo, Albania and Bosnia & Herzegovina. The capital and largest city is Podgorica where approximately 30% of the total population of 622,000 live. Montenegro has a long, vast and detailed history and just recently in 2006 achieved its independence. Whilst not currently being one of the EU member states, Montenegro is working hard to meet the requirements and is expected to join the EU before 2025.
Faqs about Montenegro citizenship and passport