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Investment Immigration Montenegro

In 2019, Citizenship of Montenegro was launched through investment programme. Applicants can apply by investing in one of several real estate development projects approved by the Government. The investment element in the northern and central region ranges from €250,000 to €450,000 in the coastal region. Additional requirement and due diligence charges apply.

Montenegrin citizenship by investment and a second European country passport is an attractive option for many of our customers. However it should be remembered that whilst Montenegro is not part of the EU geographically in Europe. Although it strives to satisfy EU accession requirements, it is not expected until at least 2025.

EU citizenship brings a significant premium on the market due to the settlement privileges that require residents of every EU nation to stay anywhere within the EU. It would be uncertain about time scale and far from definite to acquire citizenship in Montenegro for such a reason at this point.

Why Montenegro?

CIP model

  • A Grant (EUR 100,000) plus Investment (EUR 250,000) model will be the model for a special citizenship scheme. This means that applicants must donate a grant to government, as well as invest in development projects (hotels, resorts, IT parks, commercial real estate) that create jobs and Montenegro development.

  • The Montenegro Special Citizenship by Investment Program (MSCIP) will require investments in economic activity (business) that will contribute to Montenegro’s economic development and/or investment in real estate and/or the payment of funds to a Montenegro Budget special account.

Investment conditions:

  • Invest EUR 250,000 in some of the development projects previously approved by the Government in an undeveloped area of Montenegro, or
  • Invest EUR 450,000 in some of the development projects previously approved by the Government in the developed area of Montenegro.

Government fee

Additional Donation of EUR 100,000 is required as a mandatory government fee
and must be paid as part of the official application process.

Application fee

The applicant must deposit 15,000 euros for an application for themselves, 10,000 euros for up to 4 family members, and 50,000 euros for each next family member

Total investment

Total investment requires a minimum investment of EUR 350,000 or more. Additional due diligence and passport fee extra.

Large investments:

Montenegro encourages large investment development projects in Tourist or hotel developments

Five star hotels and resorts:

  • €15 million tourism developments in the coastal region or the capital Podgorica, Employing at least 80 employees and have at least 60 accommodation units
  • € 5 million in the northern or central region, except the capital Podgorica, at least 25 employees and 35 accommodation units
  • The list of development projects in the field of tourism will be approved by the Government, at the proposal of the Ministry of Sustainable Development and Tourism.

Fisheries:

  • Investment of atleast €3.5 million in fisheries and processing products and employing 20 people
  • Montenegro is joining as a 12th country offering CBI programs.
  • Montenegrin passport is ranked 42nd in the world with visa free access to 123 countries including EU schengen states, Russia, Turkey, Singapore etc. A visa is needed to travel to United Kingdom, Canada, Australia and United States
  • Montenegro is expected to join EU in 2025 and will be a part of schengen area after that.
  • Montenegro offers low tax policy for established businesses and individuals.

Wood processing:

  • Investment of €4 million and employing atleast 20 people

Agriculture:

  • Investment primary agricultural production is at least € 2,000,000 and create atleast 10 jobs

Applicant eligibility:

  • An applicant may acquire Montenegrin citizenship by admission on the basis of a special program if:

    1) For the purpose of the costs of the procedure, he has made a payment to the payment account of the Competent Body in the amount of:

    – EUR 15,000.00 for the applicant;

    – EUR 10,000.00 for each family member, up to four members at maximum;

    – EUR 50,000.00 for each next family member.

     

    2) Has deposited a sum of EUR 100,000.00 on the ESCROW account for the establishment of less established local self-government units for the purposes referred to in Article 18 of the National Development Act;

    3) Has deposited an amount of at least EUR 450,000.00 on the ESCROW account for the purpose of investing in some of the development projects in the capital of Podgorica or the coastal region of Montenegro or an amount of at least EUR 250,000.00 for the purpose of investing in some of the development projects in the northern or central region of Montenegro, except for the capital of Podgorica;

    4) Has not been sentenced by a final and binding court decision in Montenegro or another state to an unconditional prison sentence of more than one year for a criminal offense being prosecuted ex officio or the legal consequences of the conviction for such a criminal offence have ceased;

    5) In accordance with this Decision, the international due diligence agent has given a positive opinion including proof of the origin of the money intended for payment and investment.

Montenegro residency program:

Montenegro encourages large investment development projects in Tourist or hotel developments

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❓ What is a Canada Visitor Visa?

A Canada Visitor Visa, also known as a Temporary Resident Visa (TRV), allows foreign nationals to travel to Canada for tourism, family visits, or short business trips for a limited period.

Most Pakistani passport holders require a visitor visa before traveling to Canada. Visa requirements depend on your nationality and travel history.

You can apply online through the official Canadian immigration portal by creating an account, completing the application form, uploading supporting documents, paying the visa fee, and submitting biometrics at a Visa Application Centre.

Typically required documents include a valid passport, proof of funds, travel itinerary, invitation letter (if applicable), proof of ties to your home country, and recent photographs. Additional documents may be requested based on your profile.

There is no fixed minimum bank balance requirement. However, applicants must show sufficient funds to cover travel expenses, accommodation, and daily costs during their stay in Canada.

Processing times vary depending on the country of application and application volume. It may take several weeks to a few months.

Most visitors are allowed to stay in Canada for up to six months per visit. The final duration of stay is determined by the immigration officer at the port of entry.

A visitor visa cannot directly be converted into permanent residence. However, under certain conditions, visitors may apply for work permits or other immigration programs from within Canada if eligible.

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