Montenegro launches scheme offering citizenship for investment
04 Jan 2019

Montenegro has launched a programme offering citizenship to up to 2,000 foreigners in return for investment over the next three years to help speed up its economic development, the government said on Thursday.

A passport from Montenegro, an Adriatic country with a population of 620,000 which has joined NATO and aspires to European Union membership, allows its citizens visa-free travel to 117 countries.

The EU’S executive is offering guidance to EU states on how to manage national schemes for selling passports and residency permits to wealthy foreign citizens, despite warnings of money-laundering risks from campaigners and lawmakers.

– By Maja Zuvela, Reuters, 3 January 2018.

Link to Reuters.

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