Economic Citizenship - Montenegro

Montenegro launched a development programme that provides the possibility for persons to acquire Montenegrin citizenship on the basis of investments for a maximum of 2,000 applications.

The programme, which aims to further accelerate economic development of Montenegro by creating new tourist, agricultural and processing capacities and opening new jobs, has been launched on the basis of the Decision 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 by the Government at its 99th session held on November 22, 2018.

The model of the special programme is GRANT + INVESTMENT.

A grant shall refer to the amount intended for development of under-developed local self-government units. The amount of the grant shall be EUR 100,000 per application of an applicant, which is a total of EUR 200 million for 2,000 applications, that being an amount that will be intended for development of under-developed local self-government units.

On the other hand, the investment shall refer to the amount intended for investment in one of the development projects from the Development Projects List that shall be defined by the Government at the proposal of the line ministries, while the amount that a legal entity shall be obliged to pay is as follows:

• - at least EUR 450,000, for the purpose of investing in one of the development projects in the Capital City of Podgorica or the coastal zone of Montenegro;
• - at least EUR 250,000, for the purpose of investing in one of the development projects in the northern or central region of Montenegro, not including the Capital City of Podgorica.

More details about economy citizenship programm you can find in DECISION ON THE CRITERIA, METHOD AND PROCEDURE FOR SELECTION OF PERSONS WHO MAY ACQUIRE MONTENEGRIN CITIZENSHIP BY ADMISSION FOR THE PURPOSE OF IMPLEMENTATION OF SPECIAL INVESTMENT PROGRAMS OF SPECIAL IMPORTANCE FOR THE BUSINESS AND ECONOMIC INTERESTS OF MONTENEGRO

Contact: SECRETARIAT FOR DEVELOPMENT PROJECTS; Phone: +382 20 220 030; E-mail: srp@srp.gov.me; Address: Bulevar revolucije 7, 81000 Podgorica. Source