Montenegro’s government member speaks up for continuing the Golden Passport programme

Montenegrin Minister of Finance Aleksander Damjanovic urged to extend the period of citizenship-by-investment programme, despite the pressure from the European Union. The Minister said that the closure of the project would be detrimental to the economy of Montenegro. Damjanovic assumes that the Montenegrin government will create income of 35-70 million euros next year due to «golden passports».

Buy house in Montenegro 1,211 listings on Tranio

3,400,000 €

New three-storey villas on the first line from the sea in Przno, Budva, Montenegro

Total area 410 m² 4 bedrooms

1,400,000 €

Luxurious villa near Sveti Stefan

Total area 400 m² Land area: 700 m²

595,000 €

Luxury villa with a pool and sea views, Becici, Montenegro

Total area 389 m² Land area: 549 m²

According to the government, 108 foreign nationals participated in the Golden Passport programme and obtained citizenship for investment. Most of the foreign investors were from Russia and China.

According to Montenegrin Prime Minister Dritan Abazovic, the citizenship-by-investment project has brought numerous benefits to the country. For instance, new jobs have been created.

Earlier, the Prime Minister reported that the Golden Passport programme will be completed by December 31, 2022.

Source: SchengenVisaInfo

Julia Naymushina, Contributor to Tranio All articles by this author