Montenegro to launch Citizenship by Investment Programme
Updated: Aug 9, 2018
Author: Christopher Buckley
Montenegro has become the latest in a long list of countries (most recently Moldova) to announce the launch of an official investment migration programme. While this announcement was several years in the making, Montenegro has become just the 4th European country to unveil such a programme, following in the footsteps of Cyprus, Malta and the aforementioned Moldova.
The minimum investment for this programme has been set at €250,000 for an investment in underdeveloped sectors. A second investment option of €450,000, for investments in more well-developed sectors has also been announced. Both options also involve a fee of €100,000. This fee will be directed to a fund specifically aimed at developing underdeveloped areas of the domestic economy. This price point will see the programme have one of the most competitive Citizenship by Investment Programmes in Europe and indeed globally.
The programme, which is expected to officially open on October 1st, will have a cap of 2,000 non-EEA investors over the course of the next 3 years.
The country itself, which is situated in the south-east Balkans, boarders the Adriatic Sea along with Croatia, Bosnia & Herzegovina, Serbia, Kosovo and Albania. It is world renowned for its breathtaking scenery and is home to several UNESCO World Heritage Sites such as Kotor and Žabljak. The country’s residents also enjoy a high quality of life, with visa-free access to almost 120 countries worldwide.
A final interesting point to note is that the programme will be designed in-house and not by a government advisory firm, with pre-approved marketing agents being responsible for the successful promotion of the programme.