Citizenship by Investment

About the Program.

The Montenegro Citizenship by Investment Program was launched by the Government of Montenegro as part of its ongoing efforts to attract foreign direct investment and increase economic activity in the country. Montenegro economic citizenship program allows foreigners to be granted the citizenship of Montenegro at the discretion of the Ministry of Interior Affairs and Public Administration through a designated investment.

Processing time
Average time of 3 months
Visa free travel
Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, Turkey and UAE
Investment type
Real Estate project + a non-refundable financial contribution to the Government of Montenegro
Family dependents
Spouse, dependent children below 18 years old and dependent parents.
Passport validity
Ten (10) years for both Adults and minor children


Montenegro is a Balkan country in Southeastern Europe with a coast on the Adriatic Sea to the south. Its dramatic natural beauty, including the imposing mountains that wall the coast, inspired 15th-century Venetians to name it Monte Negro, or Black Mountain.

Heroic-looking highlands, picturesque bays overlooking the royal blue Adriatic Sea, antique Venetian villages and UNESCO heritage cities, draw both domestic and foreign tourists. Montenegro is quickly becoming one of the most sought-after destination for businesspeople seeking to invest, mobility, security and an increased quality of life.






Serbian, Montenegrin (official), Bosnian, Albanian, Serbo-Croat


Parliamentary Republic


Euro (EUR)


1 USD = 0.89 EUR


To be eligible for citizenship in Montenegro under its Citizenship by Investment Program, applicants must invest in a Government approved Real Estate project and also make a non-refundable financial contribution to the Government (BOTH COMBINED).


Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. Adeniyi Associates professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.


For each case, Adeniyi Associates assigns a Document Collection Specialist. The firm provides a customized service that streamlines the application process while requiring the bare minimum from clients. Our job is to make the document collection process as simple as possible for the client, and when required, we obtain the documents without their involvement. Please keep in mind that Adeniyi Associates will draw up a personalized checklist for your application.


The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.


Visa-free travel

As a citizen of Montenegro, you can travel visa-free or with visa-on-arrival to over 120 countries and territories, including Russia, Singapore and all Schengen countries.

Guaranteed by law

The program is based on the law & is guaranteed by the government since 2019.

Health & Education

You will also benefit from world-class healthcare systems, have the right to attend schools and universities in Montenegro.

Tax relief

There are no taxes on worldwide income, capital gains, gift, wealth and inheritance.

Less residency required

There are no physical residency requirements. You are not required to visit before or after the application.

Dual Citizenship

There is no need to renounce your current citizenship(s).

Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee. A qualified family member can be a spouse, children over 18 which are financially dependent on the main applicant or children below 18.
You are not required to visit Montenegro before or after obtaining your citizenship, you are, however, welcome to visit and explore the country.
Yes, the passport of Montenegro is a biometric passport, also known as an ePassport.

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