The Montenegro Citizenship-by-Investment Programme will be limited to just 2000 applicants during a period of three years with a minimum investment of €250,000.

The Government of Montenegro has said that it will introduce its citizenship-by-investment programme in October, joining the ranks of countries such as the UK, Spain, Portugal, Malta and others that sell passports to rich people under certain terms. 

The Montenegro Citizenship-by-Investment Programme will be limited to just 2000 applicants during a period of three years with a minimum investment of €250,000 ($290,000). The government will also charge a fee of €100,000 per application which will be directed to a special fund for underdeveloped areas. 

Henley and Partners, the global investment migration firm, has been advising the Montenegro Government for more than eight years on the possible introduction of an investment migration programme. 

“These programmes have the potential to create a series of genuinely significant liquidity injections into an economy, both in and of themselves, and as pathfinders for more strategic investments that can help modernise and diversify the economy of often smaller nations, creating a better life for their citizens,” said Dr. Juerg Steffen, chief operating officer at Henley & Partners. “The investment migration industry is maturing. There is both a growing demand from investors for European options, just as developing European sovereign states understand the potentially transformative value of effectively managed citizenship-by-investment programmes. It is a mutually beneficial exchange, and it is also very much the direction in which the world is heading, as globalisation becomes an undeniable feature of modern life.”

This news follows the decision a few weeks ago by another European nation, Moldova, to award Henley & Partners the mandate to design, implement, and promote its Moldova Citizenship-by-Investment (MCBI) program.