Montenegro Changes Its Citizenship by Investment Program

Changing the program "Citizenship by Investment", Montenegro plans to facilitate the acquisition of citizenship for highly qualified personnel. Especially the science and technology staff.


“Prime Minister Zdravko Krivokapic expressed the government's intention to turn the economic citizenship program into a citizenship program for highly qualified employees,” said Yakov Miltovic, Minister of Economic Development of Montenegro.


"In this context, he said, he will analyze the existing economic citizenship program and work on changing it in order to adequately assess resources and create the preconditions for more sustainable development." - writes novaekonomija.


The previous citizenship by investment program was started in 2019 and is designed for a three-year period. According to the rules of the program, up to 2000 passports can be issued. According to official data, only 36 applications have been approved since the beginning of the program.


To obtain a Montenegrin passport, you need to invest in some projects in the field of tourism, processing industry and agriculture.


However, today there are no candidates interested in investing in the processing industry and agriculture, but exclusively in tourism.


In Montenegro, citizenship can also be obtained by purchasing an apartment in a condominium or hotel that operates according to a mixed business model and is included in the list of development projects.


According to Vijesti, this is considered an investment for which you can get a Montenegrin passport on the basis of an economic citizenship project.