Montenegro

Montenegro is a sovereign nation on the Adriatic coast and a primary candidate for EU accession. Utilizing the euro as its currency, it eliminates foreign exchange risks for European investors. Under the Foreign Investment Law, international buyers receive full freehold title with rights virtually identical to Montenegrin citizens (agricultural and border lands excepted). The luxury market is focused along the UNESCO-protected Bay of Kotor, anchored by three major developments: Porto Montenegro, Portonovi, and Luštica Bay. Property acquisition secures a renewable temporary residence permit, convertible to permanent residency after 5 years and citizenship after 10 years. The Citizenship by Investment (CBI) program officially ended on December 31, 2022.