MONTENEGRO

BENEFITS

• Visa-free or visa-on-arrival access to 124 destinations including Europe’s Schengen Area, Russia, and Turkiye
• Citizenship of an official EU candidate country
• Low cost of living
• Citizenship in a member state of the European Monetary Union,
• Full citizenship was granted to the applicant and included family members
• Political and economic stability,
• Business-friendly country
• Favorable Tax Regime.

DEPENDENTS CAN APPLY

• Spouse of the main applicant
• Adult children (biological or adopted) under 21 years of age
• Dependant parents

PROCESSING TIME 3-4 MONTHS

This is the standard processing time, but it may change if there are additional procedures/requirements requested by the government based on the applicant.

APplication process

ABOUT THE COUNTRY

Montenegro in South-eastern Europe is located on the Adriatic Sea and is a part of the Balkans. It shares borders with Serbia, Bosnia and Herzegovina, Kosovo to the east, Albania Adriatic Sea, and Croatia to the southwest.

Montenegro gained its independence in 1696. In 1910, the country became a kingdom. After World War I, the kingdom became part of Yugoslavia.

Following the breakup of Yugoslavia, the republics of Serbia and Montenegro together proclaimed a federation. Following an independence referendum held in May 2006, Montenegro declared its independence.

Montenegro has an upper-middle-income economy and ranks 48th in the Human Development Index. It is a member of the United Nations, NATO, the World Trade Organization, the Organization for Security and Co-operation in Europe, the Council of Europe, and the Central European Free Trade Agreement. Montenegro is in the process of joining the European Union.

CURRENCY

• Euro (EUR)
• Exchange rate: 1 EUR= US$1.18