MONTENEGRO CITIZENSHIP PROGRAM
– Official Government Program –
Montenegro’s Citizenship-by-
Investment program
✓ Become a citizen of one of the most beautiful countries in Europe
Lord Byron wrote “At the birth of our planet, the most beautiful encounter between the land and the sea must have happened at the coast of Montenegro. When the pearls of nature were sown, handfuls of them were cast on this soil.”
✓ Take advantage of the significant growth happening in the tourist industry and related property markets
World Travel and Tourism Council 2018 report ranked Montenegro 3rd out of 185 Countries for Tourism growth
✓ A European country aiming to join the EU by 2025
✓ UN and NATO member
✓ Friendly people who speak Montenegrin – English and Russian also widely spoken
Benefits at a glance
- Citizenship obtained within 4 to 6 months
- Visa-free/visa on arrival access to 122 countries, including the Schengen Countries
- Montenegro working towards EU Membership by 2025
- Access to the E-2 US investor visa¹
- Dual citizenship is permitted for CIP passport holders
- Applicants and their families enjoy full citizenship for life, which can be passed onto future generations by descent
- No physical residence requirements during or after the application process
- No requirement to speak Montenegrin
- Only income inside Montenegro is taxed
- Corporate tax: 9%, Personal tax: 11%, no tax on inheritance or gifts
- Investment in a property in one of the fastest growing tourism sectors in Europe with a number of active developments totalling multi €billion
¹ The E-2 Investor Visa is only available to citizens of countries that have a bilateral investor visa treaty with the USA. Montenegro’s Citizenship-by-Investment Programme allows you to become a citizen of Montenegro and then, as a citizen, subsequently apply for an E-2 Investor Visa. The investment under an E-2 Visa must be “substantial”, which we recommend should exceed USD200,000 in investment, and also allows the applicant to include non-investor employees under certain conditions. A successful E-2 visa application means that any member of your family can enter and work in the US. They can spend as much or as little time in the US as they wish and they can choose whether or not to become a US taxpayer by deciding
Development projects criteria defined by Government
The Government of Montenegro has decreed that an applicant for Citizenship can invest in certain APPROVED PROJECTS which are particularly significant for the economic interests of Montenegro. The Approved Projects are designed to accelerate economic development, attract Foreign Investments and improve the quality of life and standard of living of citizens of Montenegro.
Development projects must include a hotel or mixed tourist complex as follows:
1. Coastal Region and Capital city of Podgorica
a) Minimum 5 stars
b) At least 60 accommodation units
c) Minimum investment of €15,000,000
d) Minimum 80 new employees
2. Northern Region and Central Region (except the capital city Podgorica)
a) Minimum 4 stars *Podgorica
b) At least 35 accommodation units
c) Minimum investment of €5,000,000
d) Minimum 25 new employees
Development projects in the field of agriculture and wood processing
a) Investment of at least €·
- €2,000,000 in primary production of agricultural and fishery products·
- €3,500,000 in processing of agricultural or fishery products·
- €4,000,000 in wood processing
b) Minimum of new employees·
- 10 in primary agricultural and fishery production ·
- 20 in agricultural and fishery processing ·
- 20 in wood processing
c) None of the available national or international funding support for agricultural, fishing or wood processing in Montenegro can be used in conjunction with the Citizen by Investment Program
Government costs
- A government fee of €100,000 which will be used to develop the North of the country
- Additional family members
Children under 18 will receive residence and be granted a passport when they reach 18
- Cost of the procedure
- €15,000 main applicant
- €10,000 each for up to 3 additional family members
- €50,000 for the 5th and above family members.
- Cost of Government due diligence
- €7,000 main applicant
- €1,500 additional family members
or
- €10,000 for a family of 4
Cost of Citizenship per person for a
family of 4
Government fees €38,750
Plus investment in property or
agriculture.
Investment in a Government Approved touristic development project of:
__________________________________________
NORTH – €250,000
Zabljak 1450
Kolasin 1450 and 1600
Both towns have ski resorts and are close to National parks which provide good access to summer activities such as hiking, off road biking etc
One approved Project expected in each town by 2020
__________________________________________
CENTRAL – €450,000
Podgorica
One Approved Development project expected Q4 2019
__________________________________________
COAST – €450,000
Mainly in the Boka Bay and south of Budva
One Approved Development project expected Q4 2019
3 – 5 more expected H2 2020
Adriatic Consultants:
- A British-Montenegrin managed advisory company based in Montenegro
- Focuses on Citizenship by Investment, property development and the energy sector
- Has significant international experience and in-depth knowledge of Montenegro
- Manage a number of development projects for international investors Total development cost in the region €35 million
We offer:
- transparent prices and no additional unannounced service charges
- support and guidance before and after obtaining citizenship
Not only will Adriatic Consultants assist with the Citizenship process but we will also help to make applicant’s introduction to Montenegro as seamless as possible by introducing them to the country and recommending lawyers, accountants, doctors, dentists, kindergartens, schools… etc.
Should an applicant wish to look for further business opportunities in Montenegro then Adriatic Consultants would be pleased to assist
Adriatic Consultants will:
✓ manage the completion of all
paperwork
✓ assist the applicant through the process
✓ arrange any required official activities
such as collection of biometrics for the
applicant when in Montenegro
✓ work closely with appointed
Intermediary Agents and will find the
best deal for the client
✓ assist the applicant with travel
arrangements when in
Montenegro
✓ assist the applicant to find the
most suitable Approved Project
to invest in
✓ assist the applicant to complete
the purchase of the property
✓ where relevant, advise on further
investment opportunities in
Montenegro
✓ assist successful applicants to set
up their support network in
Montenegro – doctors, lawyers,
accountants etc
✓ where required, manage the
applicant’s property
Main requirements for applicants:
1. No criminal records or any open legal case against the applicant
2. Proof of source of funds
3. Certificate of a successful health check
4. A police report from the present country of citizenship
5. No bans from entry into the EU, US, UK or Canada
Process and time:
The application process is expected to take 4 months from presentation of application to the relevant authorities
1. Adriatic Consultants will collect the required information from the client and guide the client through the process
2. We will then carry out the first due diligence, and once cleared the client’s application will be put into the Citizenship program system
3. Once in the system, the government will carry out further due diligence checks with international law enforcement agencies
4. Assuming all is clear, the client is then eligible for Montenegrin citizenship and the process will begin.
5. Client will have to visit Montenegro during the process and Adriatic Consultants will assist the client with documentation and logistics as required
Montenegro – Basic Facts
Surface area: 13,812km2 (Similar to Qatar, Connecticut, 150% of Cyprus)
Population: 670,000
Coastline: 294km
Beaches: 117 in total (73km)
Highest point: 2,522 m (Durmitor, Bobotov kuk)
Climate: Mediterranean on coast, Continental inland.
Sunshine: Average 240 days per year
Language: Montenegrin (very similar to Serbian and Croatian), English and Russian widely spoken
Currency: Euro
Heritage: UNESCO world heritage sites – Kotor Old Town, Tara Canyon, Durmitor National Park
Main Cities: Podgorica (capital), Bar, Cetinje (Old Royal capital), Niksic, Herceg Novi, Budva, Kotor
Political system: Parliamentary Democracy, (Independent State from May 2006).
Montenegro is a member of: NATO (June 2017), The United Nations (June 2006), The Council of Europe, The Central European Free Trade Agreement (2006), The International Monetary Fund (2007)
Flying time: 2-3 hours from most capital cities in Europe, Moscow and Istanbul. 5 hours from Dubai
Airports: Podgorica, Tivat, and Cilipi (Dubrovnik) in Croatia, 14 km from border
Ports: Bar, Budva, Kotor and Herceg Novi. New marinas in Lustica bay and Portonovi, Luxury mega yacht marina in Tivat
Religion: Main religion Orthodox Christians, sizeable numbers of adherents of Islam and Catholic Christianity
Time Zone: +1 GMT (+2 in summer)
Activities: Beach and water sports, white water rafting, skiing, hiking
Flag of Montenegro
Coat of arms
Adriatic Consultants can advise you further should you have any additional inquiries
please do not hesitate to contact us
James Budgett
Founding partner
UK office: +44 1869 350163
UK mobile: +44 7711 310722
ME mobile: +382 69 300 887
E-mail: james@adcons.me
Srdjan Boricic
Executive director
ME mobile: +382 67 609 757
ME office: +382 20 33 15 93
ME mobile: +382 69 452 625
E-mail: srdjan@adcons.me
