Citizenship By Investment
The Montenegro Citizenship by Investment Program was developed by the Government of Montenegro and was launched in 2019 as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. The program requires applicants to make a defined economic contribution to the country.
Article 12 of the Citizenship Act of 2008 states that “An adult person may be granted Montenegrin citizenship if he or she does not fulfil the requirements referred to in Article 8 of this Law if it would be in the scientific, economic, cultural, sport, national, or other interest of Montenegro”.
How does it benefit you?
- 1 Visa free or visa on arrival to 120 countries across the world including the Schengen area, Bulgaria, Croatia, Cyprus, Romania, Turkey, and many other countries
- 2 Taxes only on income earned in Montenegro. No taxes on inheritance, gifts, and payments from life and property insurance. No requirement to renounce your existing citizenship
- 3 Citizenship for the family. No requirements to live in Montenegro or know the language.
- 4 The Economic Citizenship program allows for Citizens who have become Montenegrin Citizens through Investment to retain their right to Dual Citizenship
- 5 Montenegro is a Member of the United Nations and NATO. Montenegro plans to propose it’s readiness to join the EU by 2025.
- 6 Citizenship processed in 3-6 months.
Eligibility Criteria
Must Have
- Clean Criminal Record
- Valid Passport (with a minimum validity of six months)
- National Identity documents from Country of Birth or Country of Residence
- Birth Certificates
- Additional Documentation including CVs, Education, and Work History
- Valid Proof of Address
For Family
- Montenegro allows applicants to include their close family members as dependents on their Citizenship application. All family members receive their Citizenship Certificates and Passports together.
Eligible Dependents
- A married spouse
- Applicant’s children who turned 18 years of age, who are dependent on the applicant
- Applicant’s children under 18 years of age, who can acquire Montenegrin citizenship by coming of age.
Restrictions
- All Nationalities are eligible to apply for Citizenship in Montenegro except Citizens of North Korea, Iran, Syria, Somalia, Sudan.
Process and Timeline
- Sign a Client Engagement Contract with Burkton Capital.
- Make payment for the Government Fees and Burkton Capital’s Legal Management Fees. Select the Real Estate project of your choice and make your investment.
- Burkton Capital’s Processing Department will work with you to collect all required documentation, prepare your applications and obtain your signature(s).
- Burkton Capital will submit your application for approval.
- The Government of Monetenegro will respond with it’s findings and approval.
- Once approval is received and Certificate of Naturalization is issued, submit your Biometric information in Montenegro.
- Receive your passports in Montenegro