On December 30, 2021, the government of Montenegro convened an extraordinary online meeting and extended the investment citizenship program for another year.
As reported by the newspaper Pobjeda, the participants in the government meeting were unable to reach an agreement on this issue, which falls under the jurisdiction of the Ministry of Interior, but they still voted in favor of it.
“In addition to Minister Sekulović, who was against the program, Foreign Minister Đorđe Radulović also did not support it, while Prime Minister Krivokapić and Deputy Prime Minister Dritan Abazović supported the initiative of the Minister of Economic Development, Jakov Milatović, who insisted on the project,” said a source close to Pobjeda.
The investment citizenship program was first launched during the rule of Duško Marković.
Montenegro Investment Citizenship Program
The implementation of the project to grant Montenegrin citizenship in exchange for investment began on October 1, 2019. The program lasts three years. Interested candidates must invest from 250 thousand euros in one of the projects in the north of the country or from 450 thousand euros — on the coast or in the country’s capital — Podgorica.
For more details on how to obtain Montenegrin citizenship, what payments are required, as well as the citizenship acquisition procedure, read our article.
At the moment, the list includes 13 projects, submitted to the Investment Agency. All projects on the list are eligible to participate in the economic citizenship program. The total value of the projects amounts to 373 million euros, which is one of the proofs that it is worth investing in Montenegro.