Want to buy Montenegrin citizenship? It helps if you want to invest
Economic programs are allowing foreign nationals to legitimately purchase citizenship or a residency permit – in return for a substantial investment. These programs have been in place in MNE as well and if you want to become a Montenegro citizen, you can do it for a €450,000 investment in already-developed part of the country, and for €250,000 investment in the north of the country, plus fees in the amount of €100,000. But according to analysts, the most important thing is this citizenship to create new job opportunities and growth in economy.
Nowadays, many countries offer their passports under ‘citizenship-by-investment’ programs, starting at around several hundred thousands euro to over 2 million euro.
Countries opening up this kind of citizenship to foreign nationals are Cyprus, Malta, Greece, Austria, the UK, Portugal, Spain, Switzerland, Bulgaria, Hungary, the USA, Australia, Singapore, New Zealand, etc.
For a quick recap: on 26 July 2018, the Government of Montenegro adopted the decision to join these countries. It approved the information on the programme of acquiring Montenegrin economic citizenship and ordered institutions to create conditions for its application as of 1 October. The Government is going to require payment of a €100,000 fee for each application, and the money will be transferred to special fund (fund for development of less-developed areas). The govt will be granting the economic citizenship to not more than 2,000 most eligible applicants from non-EU countries, lasting for a 3-year period.
The govt also intends to engage renowned due diligence agents who will be checking all the interested applicants, as well as some of the renowned audit institutions/legal advisers who will be performing all the other checks. This new program is just a part of constant government’s efforts to attract foreign investments and the govt itself expects it will contribute to increased economy activity and cash flows.