Breaking news emerged on 30th of December 2021 after a meeting of the Government of Montenegro on the status of the program “Citizenship of Montenegro for Investments” was held in Podgorica. The Apex Capital Partners company, licensed agent of the Montenegrin program, was notified immediately after the fateful meeting of the Government of Montenegro the extension of the programe for a period of one year (until the end of 2022). We remind you that, according to the deadline set in advance, this program was supposed to stop its work on December 31, 2021. In this regard, the submission of documents for this investment citizenship was completed. In this regard, the submission of documents for this investment citizenship was completed.
Nuri Katz, President of licensee Apex Capital Partners, confirmed to the press the extension, as well as the increase in contribution amount. “We look forward to working with all stakeholders to bring more FDI to Montenegro under the program”, he commented.
Katz indicates he doesn’t believe the raised contribution requirement will be much of a deterrent to applicants going forward. “The people applying for Montenegro are a lot less price-sensitive than the people applying for most other programs. So, I think that while it might have an effect it will not be a major effect” he postulated”.
But now it is clear that from January 1, 2022, applications for investment citizenship of Montenegro will be accepted on new terms. While the registration of subjects in the Montenegrin program in 2021 of applications continues within the framework of previously established conditions.
From January 1, 2022, the amount of the mandatory contribution to the state development funds will be 200,000 euros, and not 100,000 euros, as was previously the case. The choice remains unchanged: to invest in an authorized resort project in the north for 250,000 euros or in the south for 450,000 euros. The government is estimating that the total value of all projects is around 450 million euros and could lead to more than 2,200 jobs.
Government fees also remained unchanged. Please request more information from APEX about calculation (firstname.lastname@example.org).
The conditions regarding the medical check have been changed. Now the application will not require a medical report from the country of permanent residence.
Note that many clients of Apex Capital Partners have already received Montenegrin passports under the investment citizenship program. Thus, they received privileges to travel around the EU, even at a time when the borders are not yet open to everyone.
Montenegro does not approve dual citizenship. An exception was made only for participants of the investment citizenship program. If you go through a residence permit (for opening a company and so on), upon obtaining Montenegrin citizenship, you will be forced to refuse other citizenship. Are you ready to do this? None of those whom we advised is ready.