The first holder 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 period took actually 3 months.
“The Montenegro citizenship program is showing some of the fastest timelines on record, and together with the recently introduced changes regarding the possibility of including children in the program, it is becoming one of the most attractive programs on the investment citizenship market,” she said.
To obtain Montenegrin citizenship, it is necessary to purchase real estate, as well as invest in the country’s state fund. The minimum contribution to obtain citizenship is 350 thousand euros. Investors will then be offered two options. First: investments of 450 thousand euros in government-approved projects in developed regions (on the country’s coast and in Podgorica). Second: 250 thousand euros in projects in less developed regions and a charitable contribution of 100 thousand 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 started being accepted only in the autumn of last year. The established quota is 2,000 applications. The program duration is 3 years. As previously written by “RG”, the Montenegrin program is one of the most affordable European citizenship investment programs available today.
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