628,066
Population
$31,600
GDP (per capita)​
124
Visa-Free Countries​
$123.348 billion
GDP (purchasing power parity)
  • Montenegro
Positioned within Southeastern Europe on the Balkan Peninsula, Montenegro is celebrated for its extraordinary and unmatched natural splendor. Gaining independence as a sovereign nation in 2006, Montenegro is a part of NATO, has adopted the euro as its official currency, and holds the status of an official candidate for European Union membership.
montenegro-map
CAPITAL CITY

  • Podgorica
TIME ZONE
  • UTC+1
TOTAL AREA
  • 13,812 square kilometers
LANGUAGES
  • Montenegrin (official), Serbian, Albanian, Croatian, Bosnian
CURRENCY
  • Euro (EUR)
MAIN INDUSTRY

  • Tourism, agriculture, aluminum production
montenegro-pass
  • Program Overview
Montenegro is a secure and consistently stable nation, emerging as a thriving center for contemporary resorts and actively progressing towards establishing a free-market economy. Montenegro Residence offers foreign individuals an opportunity to secure residence privileges, allowing them to build a diversified portfolio with the added advantage of obtaining an alternative European residency.

Program Benefits

1
Months to Citizenship from
250000
Min Investment Amount (€)
5
Years to Citizenship (from)*

There are several benefits to the Golden Visa program.

  • Highly efficient procedure for residence application and bank account opening
  • Minimal application requirements, requiring only one visit to Montenegro
  • Eligibility for permanent residence after five years
  • Duty-free trade and customs agreements with EU member states, Switzerland, Türkiye, and others
  • Residence in a member state of the European Monetary Union, NATO Alliance, OSCE, and the WTO
  • Multinational and multilingual country with a mild Mediterranean climate, beautiful scenery, and a low cost of living

KEY ADVANTAGES

  • Affordable lifestyle due to a low cost of living.
  • Picturesque landscapes and a mild climate.
  • A tax-friendly environment with a 9% income and corporate tax rate, no capital gains or inheritance tax, plus membership in international organizations.
  • Program Qualifications
  • Establish and officially register a legal entity in Montenegro.
  • Open a bank account.
  • Secure office space for business operations, either through rent or purchase.
  • Acquire residential property for personal use.
  • Applicants are also obliged to:
  • It’s important to note that annual expenses associated with company operations commence at a minimum of EUR 3,000.
montenegro-banner4
CHECK IF YOU QUALIFY

Fees

The fees involved for citizenship by investment in Austria are as follows:

Application fee:

€700

Provincial administrative fee:

€76 – €152 (depending on the province)

Investment:

€3 million

In addition to these fees, applicants may also have to pay other costs, such as:

Translation fees:

€500 – €1,000

Health checks:

€200 – €300

Police certificates:

€50 – €100

The total cost of citizenship by investment in Austria can therefore range from €3.1 million to €3.3 million.

It is important to note that these are just estimates and the actual cost may vary depending on the individual applicant’s circumstances.

FAQs about Montenegro & The Citizenship by
Investment Programm:

A residence permit can provide an indefinite extension to one’s stay in Montenegro, surpassing the maximum 90-day limit allowed for tourists.

You can achieve permanent residency in Montenegro by lawfully residing in the country for five consecutive years before applying for a permit. This requires holding either a temporary residence permit or obtaining approved additional protection under the law governing asylum.

Yes, the process of obtaining a residence permit in Montenegro is relatively uncomplicated. However, it’s essential to note that the previously available shortcut to residency through the discontinued citizenship by investment program is no longer an option.

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Disclaimer

The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.

Disclaimer
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.

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