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Citizenship by Investment Montenegro
The country is situated on the Balkan Peninsula in Southeastern Europe; Montenegro is known for its stunning and unsurpassed natural beauty. It was declared a sovereign state in 2006; Montenegro is a member of NATO, has adopted euros as their currency, and is a recognized candidate to apply for EU membership.
Montenegro Citizenship by Investment
Montenegro’s Government of Montenegro initiated the Montenegro Citizenship by Investment Program as part of their ongoing efforts to draw foreign direct investment and boost economic activity in the country.
A requirement of the Montenegro Citizenship by Investment Program requires applicants to make a specific amount of economic contributions to Montenegrin society by investing in a development project that has been approved or a capital donation to a fund established by the government to aid in the development of areas that are not developed. In exchange, as a condition of rigorous screening and due diligence process that includes extensive background checks, those who apply and the families of applicants are awarded citizenship.
Benefits of the Montenegro Citizenship by Investment Program
Conditions for Montenegrin Citizenship Through the Investment
To be eligible for the Montenegro Citizenship by Investment Program, The applicant must be 18 years old, meet the eligibility requirements, and pay the required payments to Montenegro’s Government of Montenegro. There are two ways to select from to qualify to be eligible for the program:
Additionally, there is an administrative fee of EUR 200 000 per application. The money will go towards a specific fund to promote the development of rural regions (EUR 100,000) and the Innovation Fund of Montenegro (EUR 100,000).
Time Frame and Procedures for Montenegro Citizenship by Investment Program
The application process is handled by intermediary agents like TEG Group, which Montenegro’s Government of Montenegro has accredited for this. After being received by the appropriate department of the government, applications are processed in 8 to 10 months.
Successful applicants for Montenegro Citizenship by Investment Program are exempt from limitations on dual citizenship, as outlined by Article 8 in the laws governing Montenegrin citizenship. The law’s Article 12 says citizenship can be granted to people who make specific contributions (such as those of economic interest) to the state. This applies to applicants who have been successful in the program.
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Our Clients Questions
The Montenegro Citizenship by Investment Program is a program offered by the Government of Montenegro that allows individuals to apply for citizenship in exchange for making a specific economic contribution to Montenegrin society, such as investing in a development project or making a capital donation to a government fund.