Wednesday, December 18, 2024

Montenegro Granted Citizenship to Mostly Russians

More than half granted Montenegrin citizenship for investments were Russians. The Government warned any person found to have been granted Montenegrin citizenship and are on the list of persons subject to international restrictive measures, the government will proceed to revoke citizenship by law

Montenegro’s investor citizenship scheme was terminated on 31 December 2022, but the Montenegrin authorities have continued to process applications for citizenship submitted before the termination date.

According to European commission report, Montenegro processed 423 applications in 2023 (for 423 applicants and 927 family members) and granted citizenship to 701 individuals. Of these 701 individuals, 396 hold the citizenship of the Russian Federation and 65 of the People’s Republic of China. Citizenship was granted to individuals holding the nationality of other visa-required third countries (South Africa, Türkiye, Lebanon, Pakistan, India, Belarus, Philippines, Indonesia, Cambodia, Kazakhstan, Malaysia, Nigeria, Saudi Arabia, Tunisia, Uzbekistan).

Montenegro reported to European Commission, that for all persons who are subsequently found to have been granted Montenegrin citizenship and are on the list of persons subject to international restrictive measures, the government is committed to initiating proceedings for the loss of Montenegrin citizenship by force of law.

The report said, Commission will continue to monitor any developments in this regard until all pending applications have been processed.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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