Citizenship of Montenegro
Citizenship of Montenegro
About the Montenegro Citizenship by Investment Program
Montenegro Citizenship by Investment Program:
The Montenegro Citizenship by Investment Program was launched in late 2019 to boost foreign direct investment and develop its economy. It is the newest citizenship by investment program in the world and has a cap of 2,000 applications to be accepted by the government.
Citizens of Montenegro travel to over 120 countries visa-free.
To qualify for the Montenegro Citizenship by Investment Program, an investor is required to purchase government-approved real estate and make a non-refundable Contribution to the Government Fund of Montenegro.
Montenegro:
Montenegro is an independent and sovereign Balkan country in South-East Europe. It is considered as one of the most naturally stunning and economically dynamic European countries. Montenegro is a host to a number of UNESCO World Heritage Sites.
Montenegro is a member of WTO, NATO, UN and is on its way to becoming a member of the European Union by 2025.
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Benefits of Montenegro Citizenship
Visa-free trips to over 120 countries. Ability to receive the E-2 visa to the USA
No worldwide income tax, low corporate and personal income tax, and no tax on inheritance or gifts
Citizenship is granted in around 4-6 months
Only one visit is required to Montenegro after receiving Approval in Principle
Dual citizenship is permitted
Montenegro is planning to join the EU by 2025
Requirements
- Be a non-EU citizen
- Have no previous criminal record
- The main applicant should be over 18 years old
- Have a legitimate source of wealth
- Good character
- Have available the required investment funds
- No outstanding visa denials in any visa free country with the passport of Montenegro
Who else can be included in the citizenship application:
- Spouse of the main applicant
- Dependent children of the main applicant below 18 years old
- Adult children who are financially dependent on parents, live in the same household with parents and are not married
Stages of citizenship application
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Initial consultation
Initial free consultation with one of the GLS experts
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Program information and due diligence check
Detailed fee schedule and a free of charge preliminary due diligence check
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Client agreement and retainer fee payment
Signing of the client agreement and payment of the GLS service fee
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Collection of documents, government and investment payments
GLS team will assist with all the documents' preparation. The following payments are required: government, due diligence and application fees. Choose a real estate property and transfer contribution and investment amount to special escrow accounts
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Receipt of the file by the Government
Once the file has been received by the Government of Montenegro, there will be further due diligence and background checks performed
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Approval in Principle
Once the application has been approved, the Contribution and Real Estate investment funds will be released from the escrow account
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Travel to Montenegro
GLS will assist you in travelling to Montenegro to have biometrics collected
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Naturalisation certificate
Once the documents have been reviewed by the Government and a positive decision on the application has been made, the Naturalisation Certificate will be issued and handed over to the client
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Passport application
With the Naturalisation certificate we will apply for and receive your passport of Montenegro