The Montenegro Citizenship by Investment program requires an investor to make a qualified investment in Montenegro for citizenship.

The investment amounts are identified; 

250,000 EUR in developing areas of Montenegro (mostly northern Montenegro) 

450,000 EUR in developed areas in Montenegro (southern Montenegro; such as Herceg Novi, Tivat, Kotor, Budva, Sveti Stefan, Bar and the Capital City "Podgorica")

The investor also must make a contribution of 100,000 EUR to Montenegro Government.

The Application Fees for Montenegro Citizenship:

Main applicant: 15,000 EUR

Family members: 10,000 EUR each (up to 4 family members)

Additional family members: 50,000 EUR 

The investment can be a real estate investment, a project investment or a foreign direct investment and the number of investors will be limited to a total of 2000 applicants between January 1, 2019 and December 31, 2021.

The priority investment area is identified as touristic hotel developments at the initial phase. To qualify as an investment project for Montenegro citizenship, the hotel complex must be

On the south coast of Montenegro and Podgorica: Minimum 60 rooms 5 Star Hotel with at least 15 Million EUR investment and 80 employees

On the northern Montenegro: Minimum 35 rooms 4 Star Hotel with at least 5 Million EUR investment and 25 employees.