The Investment Programme Adopted By The 87TH Session of Montenegrin Cabinet 6 August 2018

The 87th session of Montenegrin Cabinet has taken place in Podgorica, Montenegro on 26 July 2018. At its 87th session, the Montenegrin Cabinet reviewed and adopted the Information on the Programme for Acquiring Montenegrin Citizenship by Admission on The Basis of A Special Investment Programme and tasked the competent institutions to make all the necessary assumptions in order for the programme to become applicable by 1 October 2018.

The programme of economic citizenship will be available to up to 2,000 most relevant applicants from non-EU countries for a limited period of three years.

Individuals which are interested in the programme will have the following alternatives: to invest EUR 250,000 in some of the development projects previously approved by the Government in an undeveloped areas of Montenegro, or to invest EUR 450,000 in some of the development projects previously approved by the Government in the developed areas of Montenegro.

Moreover, the Government will charge a fee of up to EUR 100,000 per application. The fee will be directed to a special fund for the development of underdeveloped areas.

This new program is part of the Government's continuing effort to attract foreign direct investment and it is aimed to result in the increase in economic activities and capital movement.

Source: Embassy of Podgoritsa

Publisher: The Office of the Commercial Counsellor of Podgoritsa

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