Montenegro Citizenship Program

Minimum investmentEUR 250,000
Additional fees fromEUR 100,000
Investment typeReal estate
Program typeCitizenship


The program started on 1 January 2019 and admits 2,000 investors during the following 3 years.

Montenegro is a small country in Southern Europe with amazing natural beauty spanning Adriatic beaches, rugged mountains and forests. Its rich cultural heritage is combined with modern benefits: the country has adopted the Euro and is on its way to joining the EU. A Montenegrin passport grants visa-free access to a host of countries including the Schengen zone in Europe.


Watch this space for upcoming details. The spouse and the underage children of the applicant usually also become eligible for citizenship in other programs; it is still to be seen whether adult children and old, dependent parents can also be included in the application.

Program description

You become eligible for Montenegrin citizenship through an investment in real estate, especially in facilities that might promote tourism. The investment amount depends on which area you are making the investment in. If you invest in the less developed, nothern area, you just need EUR 250,000. At the same time, ROI might be bigger if you invest in the more developed, southern area that includes the Adriatic coast — where the investment amount expected is also bigger, least EUR 450,000.

Travel options

The Montenegrin passport will let you travel to 120 countries without a visa, including the Schengen-zone, since Montenegro is a candidate for EU membership since 2010, and is close to being accepted.

Financial terms

There is an EUR 100,000 application fee that will be deposited in a special fund for improving less developed areas of Montenegro.

The investment amount is expected to be at least EUR 250,000 for real estate investment in the less developed, northern areas. In case you plan on investing in the more developed, southern area that includes the Adriatic coast, the investment amount is expected to be at least EUR 450,000.

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