Nationality law of Montenegro was ratified by Parliament in 2008 and published by the Official Journal of Montenegro. It is mainly based on jus sanguinis. However, Article 12 also allows immediate citizenship for foreign investors who invest EUR 500,000 into the country (Real estate or business in Montenegro).
A petitioner may be admitted through the naturalization to the Montenegrin citizenship, in accordance to the interests of Montenegro if fulfils the following conditions:
- Has reached 18 years of age;
- Has a release from foreign citizenship;
- Has been legally and without interruption staying in Montenegro for the period of 10 years, prior to the petition for admission into Montenegrin citizenship;
- Has a guaranteed residence and guaranteed permanent source of income in Montenegro of an amount that enables material and social welfare;
- Has not been irrevocably sentenced in Montenegro or a foreign state to a prison term longer than one year and for a criminal offence prosecuted “ex officio” or legal consequences of such sentence are ceased;
- Possess active command of the Montenegrin language to the level which allows basic communication;
- Poses no threat to the security and defense of Montenegro;
- Discharged his/her tax obligations.
Advantages of Becoming Citizen of Montenegro
When you acquire second citizenship, you and your members of your family enjoy full citizenship for life, which can be passed on to future generations by descent.
You and your family can reside in Montenegro all the year around and enjoy low tax jurisdiction (both in corporate and personal aspects). In November 2009, European Union canceled visas for citizens of Serbia, Macedonia, and Montenegro, and on December 19, 2009 the decision came into force. So, passport of Montenegro allows visa-free travel to all of the Schengen countries in Europe.
Moreover, it allows visa-free travel to Russia. Montenegro has applied for EU membership and in the future (until 2013) it will become a full member state of the EU, and consequently citizenship of Montenegro will become EU-citizenship. As we know, citizen of any EU-country can reside, work, and do business in any other EU-country, including the UK, Austria, Germany, and France.