The Montenegro special citizenship by investment program (MSCIP) is now open for applications, according to the latest press release statement by Henley and Partners who are one of the authorized agents appointed by the Government of Montenegro.
Montenegro first announced the decision to launch citizenship by investment scheme in 2018, since then the much anticipated citizenship scheme is pending for accepting applications due to formalities completed by government. The MSCIP scheme is designed by Montenegro within government institutions.
Montenegro Government has already announced List of Agents, Due diligence providers and list of approved. development projects. MSCIP will follow GRANT + Investment model. Under the model Applicants have to pay €100K donation fee to development fund in addition to the development investment.
Montenegro is super interesting for many investors because Montenegro has candidate country status and takes leading poistion to join EU and Schengen area by 2025, and the country has lowest property prices in Europe, which makes it attractive investors who also want a citizenship perk.
The following are the investment conditions to acquire citizenship under citizenship for investments scheme.
1. Real Estate
- €250,000 (outside Podgorica) or EUR 350,000 in Podgorica
- €100,000 additional donation to development fund.
In addition, applicants are required to pay a processing fee of EUR 15,000 for a single applicant, EUR 10,000 each for up to three family members, and EUR 50,000 for each additional family member thereafter.
2. Hotels and Resorts
- €15 million tourism developments in the coastal region or the capital Podgorica, Employing at least 80 employees and have at least 60 accommodation units
- € 5 million in the northern or central region, except the capital Podgorica, at least 25 employees and 35 accommodation units
The list of development projects in the field of tourism will be approved by the Government, at the proposal of the Ministry of Sustainable Development and Tourism.
3. Agriculture
Investment primary agricultural production is at least € 2,000,000 and create atleast 10 jobs
4. Wood Processing
Investment of €4 million and employing atleast 20 people
5. Fisheries
Investment of atleast €3.5 million in fisheries and processing products and employing 20 people
Montenegro Government has also appointed the following marketing agents and due diligence firms under the special citizenship by admission scheme. The Secret for Development Project is responsible for administering the citizenship program.
MARKETING AGENTS
- Henley and Partners
- Arton Capital
- Apex Capital
DUE DILIGENCE FIRMS
- Exiger Canada Inc
- S-RM Intelligence and Risk consulting
