The Government of Montenegro has officially opened the application process for Intermediary agents and Due diligence firms for the new citizenship by investment program
The applications to the public call for CIP agents and DD firms may be submitted not later than February 1, 2019. Form of the application has been published on the Secretariat’s website (www.srp.gov.me)
- Agents for intermediary license must pay EUR 50,000
- No fee for due diligence firms for license
- Licenses will be issued for one year and then extended for two years.
- List of agents and due diligence providers will be published in a website
The Decision on criteria, method and procedure for selection of persons who may acquire Montenegrin citizenship by admission for the implementation of a special investment programme of particular importance for the business and economic interest of Montenegro began to be applicable on January 1, 2019.
Guidelines
A person submitting the application (hereinafter: the applicant) shall submit an application for acquiring Montenegrin citizenship by admission on the basis of a special programme, through an intermediary agent, while the assessment of his international due diligence shall be carried out by an international due diligence assessment agent, including evidence of the origin of the money.
The Secretariat for Development Projects shall decide on the selection of agents within 30 days from the date of the public opening of the applications and it shall be published on the Secretariat’s website.
After the decision is made, the Government of Montenegro shall conclude a contract with the selected agents, on the basis of which the Secretariat for Development Projects shall issue the licences to them, and only on the basis of those licences issued, the agents may carry out their activities within the mentioned programme.
Revoking Citizenship
The Government has clarified that Montenegrin citizenship will be revoked/canceled if given false information or deliberately concealed facts and circumstances, including inaccurate report from due diligence agent.
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