About
Why Montenegro.
Program Status: CLOSED to new applications since 31 December 2022.
The Montenegro Citizenship by Investment Programme was launched in 2018 under the Decree on the Special Investment Programme. It officially closed for new applications on 31 December 2022 at the request of the European Commission as part of Montenegro's EU accession process.
For HNWI clients with previous engagement, citizenship granted under the program remains valid. Montenegrin citizenship continues to offer 126 visa-free destinations including the entire Schengen Area and most of Latin America (UK access requires a visa). Montenegro is an active EU candidate (negotiations since 2012, NATO member since 2017), and any future EU accession would grant Montenegrin citizens full EU rights.
Active alternatives for clients targeting Europe:
- Malta CBI: €690K, 12-36 month residence track, full EU citizenship
- Portugal Golden Visa: €250K-€500K, 5 years to citizenship
- North Macedonia: €200K, lowest European entry point
Speak with an advisor to compare these alternatives against Montenegro's discontinued framework.
Investment routes
How the investment works.
2 routes are available. Pick the one that fits your goals.
Donation
Historical: Government contribution
From
€100,000
The Montenegro CBI program closed for new applications on 31 December 2022. The historical donation component was €100,000 government contribution.
- RecoverableNo, non-refundable
Benefits
What this citizenship gives you.
EU candidate status
Montenegro is an active EU accession candidate with negotiations underway since 2012. Full EU membership remains the long-term horizon for Montenegrin passport holders.
Schengen access
Existing Montenegrin citizens enjoy 126 visa-free destinations including the entire Schengen Area and most of Latin America. The UK requires a visa.
NATO member
Montenegro joined NATO in 2017, anchoring its Western alignment.
Eligibility
Who can apply.
Main applicant
- ✓At least 18 years old
- ✓Clean criminal record
Family members eligible
- ✓Spouse
- ✓Children
Process
How it works, step by step.
Total: ~Program closed. Historical processing was approximately 6 months.
- 1
Program closed
31 December 2022The Montenegro Citizenship by Investment Programme officially closed for new applications on 31 December 2022. No further applications are being accepted.
Documents
What you'll need to prepare.
3 documents required. All must be apostilled and (where applicable) translated.
- 1Historical: Notarized passport copy
- 2Historical: Police clearance
- 3Historical: Source-of-funds documentation
FAQ
Questions, answered.
Is Montenegro CBI still open?
Will it reopen?
What are the alternatives?
Can I sell my Montenegrin real estate now?
Does my Montenegrin citizenship convert to EU citizenship automatically?
Legal basis
Decree on the Special Investment Programme of Special Importance for the Business and Economic Interests of Montenegro (2018). Program terminated 31 December 2022.
