Over 30 Applications Submitted for Mediation Agents for Montenegrin Citizenship via Investment

By , 10 Feb 2019, 22:25 PM Lifestyle
Over 30 Applications Submitted for Mediation Agents for Montenegrin Citizenship via Investment Vijesti archive

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The public call for the selection of agents for mediation when applying for Montenegrin citizenship through investments and agents for assessing the international eligibility of candidates has received more than 30 entries, it was said at the Secretariat for Development Projects.

The Secretariat announced the opening of applications for the next week that could be delivered from the beginning of January to February 1st. "The public opening of the applications will be conducted on the 11th and 12th of February for these two public invitations, after which the final list of applicants will be known. The decision on the election of the agents will be made after a detailed analysis of each application within the envisaged deadline, said the Secretariat.

According to the plan, the Secretariat's decision on the selection of agents should be made within one month from the date of the public opening of the applications and it will be published on the Secretariat's website. Upon the decision, the Government will conclude a contract with the selected agents, which will allow them to issue licenses and only on the basis of issued licenses, can agents perform their activities within the aforementioned program. If it is subsequently found that the person who acquired the Montenegrin citizenship by admission in accordance with the decision has given false information or deliberately conceals the facts and circumstances, as well as if the agent for assessing international eligibility for that person provided incorrect information in his report, a resolution on the loss of the citizenship will be issued. The Government’s decision on criteria, methods and procedures for election of persons who may obtain Montenegrin citizenship by admission for the realization of a special investment program of special importance for the economic interest of Montenegro is applicable from 1st January 2019. Based on this decision in the next three years, it is possible to issue a maximum of 2,000 Montenegrin passports.

The government's program for obtaining a Montenegrin passport is a donation and investment. The donation refers to the amount intended for the development of less developed municipalities. The donation amounts to 100,000 euros per applicant's entry, which is 200 million euros for 2,000 requests. The investment refers to the amount intended to invest in one of the development projects from the Government's list of development projects. The applicant has to pay at least EUR 450,000 for the purpose of investing in one of the development projects in Podgorica or at the coast or at least EUR 250,000 for the purpose of investing in one of the development projects in the northern or central region.

Text by Marija Mirjacic, on February 8th 2019, read more at Vijesti

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