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Montenegro - How To Get A Second Passport

Montenegro is known as a stunning summer and winter destination because of its sun-drenched beaches, amazing mountains and right now, the best place to get citizenship by investment.

And if you're thinking, why Montenegro, it's not in the EU, then you'll be happy to hear that in only a few years from now, they will be part of the EU. Today, you can purchase a CBI for a fraction of the cost of other EU countries that offer this type of program.

But only for another few months...

 

montenegro

Montenegro is a small country in the southeast of Europe, next to Croatia and opposite Italy on the Balkan Peninsula and is known for its natural beauty. Montenegro sits on the Adriatic Sea with a Mediterranean feel, meaning, people are loud and love to show their affection openly. 

The terrain ranges from high mountains along its borders with Kosovo and Albania, through a small part of the Karst region of the western Balkan Peninsula, to a narrow coastal plain that is only 1 to 4 miles (2 to 6 km) wide.

One of the main reasons why so many of my clients chose Montenegro is the climate. The lower area has a Mediterranean climate, with dry summers and mild, slightly rainy winters. 

The capital, Podgorica, is at sea level and has the most beautiful weather during the summer and the mountain regions receive more rainfall than most other countries in Europe.

Due to its physical position within Europe, the ethnic composition is wide and varied. 45% are Montenegrin, 29% are Serbians and 12% are Bosniak/Muslim. The small remainder are split between Albanian and undeclared. 

 

Montenegro map

facts

  • Montenegro gained its independence in 2006 
  • Member of NATO  
  • Uses the euro as its currency
  • Population is 628,00 people
  • Capital is Podgorica

 

what is citizenship by investment

CBI is typically obtained by making an investment into government bonds, real estate, or specific industries in order to fast-track citizenship.

 

why a montenegro cbi

The Montenegro passport has visa-free access on arrival to 123 countries and 13 territories, making it the 43rd most powerful passport worldwide. It means you will be able to enter these countries without any restriction for a short stay. 

Montenegro is a leading candidate for EU accession and at that point, all its passport holders will get visa-free access to all Schengen countries. Not only will they be able to travel there, but also settle, work and study in any European country.

Although geographically in Europe, Montenegro is not part of the EU. Accession into the EU is expected soon, around 2025.

Other reasons to obtain a Montenegro CBI,

  • Rare 1-time limited opportunity for citizenship
  • Citizenship and passport can be obtained within as little as 3-6 months
  • Extremely affordable real estate
  • No physical residence requirements needed

The Montenegro Citizenship by Investment Program was launched by the Government in 2019 as part of its ongoing efforts to attract foreign direct investment (FDI) and increase economic activity in the country.

Montenegro will terminate its Citizenship by Investment program as of December 31st, 2022; however, they will continue to receive applicants for the program until the set date only.

 

how to get a second passport in montenegro

You can receive a CBI in Montenegro by:

One, investing in one of several government-approved real estate development projects.

The investments range from €250,000 in the northern and central region, excluding Podgorica, to €450,000 in the coastal region or in the capital city of Podgorica. 

Plus an additional government donation of €200,000 is required, plus application and due diligence fees.

The government contribution of €200,000 looks like this,

  • €100,000 to a fund for the advancement of local underdeveloped, self-government units 
  • €100,000 to the Innovation Fund of Montenegro 

*Legal Fees and additional expenses are not included in these Investment Options

 

main applicant requirements

  • Main Applicant can include their spouse and all dependent children under 18 years of age
  • Dependent and unmarried children above 18 years of age can also be part of the application
  • Clean criminal record
  • Hold a valid passport or travel document
  • Provide documentation to the source of funds
  • There is no minimum stay requirement
  • Application takes an average of 4-6 months to be processed.

Handpicked related content: Antigua & Barbuda - How To Get A Second Passport

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I help my clients to move offshore for freedom, privacy and autonomy by focusing on the immigration, legal, and tax issues that you will face when becoming an expat. If you would like to work one-on-one with me on getting out of Canada or the USA (or setting up a Plan-B location), then read this important letter and fill in an application form to become a Private Client. My fees are not cheap, however, I can assure you that when you work with a professional, your risks can be reduced considerably.

Mikkel Thorup

Written by Mikkel Thorup

Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land and other hard-money tangible assets. Mikkel is the Founder and Director at Expat Money™, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money.

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