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Blog "Черногория"

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Montenegro began issuing passports in exchange for investments. The decision of the Government of Montenegro on “economic citizenship” entered into force on January 1, 2019, the CDM website reports. An investor can obtain a country's citizenship in several ways, including by depositing € 100,000 to an account set up to finance a “less developed local public facility,” b92 reports .

Citizenship can also be obtained by investing at least € 450,000 in a development project in Podgorica and the coastal region, or € 250,000 in northern or central Montenegro. According to the report, this money will go to a special fund that will finance the construction of infrastructure in less developed municipal areas, primarily in the north of the country. The decision states that payments will be monitored by an independent auditor.

See also: ECONOMIC CITIZENSHIP OR CITIZENSHIP FOR INVESTMENT IN MONTENEGRO 2018

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