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Big and Important UPDATE about Montenegrian Citizenship by Investment Program.
We’ve already filmed a video about our concerns regarding this program since the new Montenegrian government that came in power in late 2020 wanted to cancel this program completely. What is the current state of this program? Is it still on, can you still get a Montenegrian passport? If yes, for how long?
We will also guide you through all the fees that you should know about regarding this Citizenship by Investment Program.
The first BIG update: Montenegro Citizenship by Investment Program will be going on UNTIL THE END OF 2021. If you’re considering it, you will still have time to obtain this passport before it shuts down.
Now let’s clarify all the fees that are involved in this. As you probably know, the headline rate is starting from 250 000 EUR invested in the property in the north of the country or 450 000 EUR on the seaside. However, this is hardly everything. There are lots of fees on top of this property investment.
First of all, there is 100 000 EUR donation to the government.
After this, there are application fees- 15 000 EUR for the first person, and an additional 10 000 EUR for each other person from your family, for up to 4 people. After that, it will be an additional 50 000 EUR for everyone over that.
The due diligence fee is 7000 EUR for a single applicant, and 10 000 EUR for a family of up to 4.
It doesn’t end there!
There will be more random fees involved totaling around another 5000 EUR, AND on top of this you will need to pay fees for the agent – this can cost anywhere between 15 000 – 50 000 EUR.
So as you can see, Montenegro Citizenship by Investment Program has lots and lots of fees, and it is certainly not a cheap passport.
Montenegro might join the EU in the future, so this passport will become more valuable on the market when that happens, but this is still very uncertain. Nobody knows when and whether Montenegro joins the EU in the foreseeable future.
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We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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