The first recipient of Montenegrin citizenship was an investor from the UAE. The managing director of our key partner Moscow Sotheby’s International Realty, Irina Mosheva, said that he submitted his application in November, and the review process took just about 3 months.
“The Montenegro citizenship program is showing some of the fastest processing times on record, and together with the recently introduced changes allowing children to be included in the program, it is becoming one of the most attractive programs in the investment citizenship market,” she said.To obtain Montenegrin citizenship, one must purchase real estate and also invest in the country’s state fund. The minimum contribution required to obtain citizenship is 350,000 euros. Investors are then offered two options. The first: an investment of 450,000 euros in government-approved projects in developed regions (on the country’s coast and in Podgorica). The second: 250,000 euros in projects in less developed regions and a charitable contribution of 100,000 euros to the state fund. The investor will be able to sell the asset after 5 years while retaining citizenship status indefinitely. The program“Citizenship by Investment”was launched in July 2018. However, applications only began to be accepted in the autumn of last year. The established quota is 2,000 applications. The program duration is 3 years. AsRGwrote earlier, the Montenegrin program is one of the most affordable European investment citizenship programs available today.