On 29 December 2021, the Government of Montenegro decided to extend its investor citizenship programme for a further 12 months. The programme was officially established by the former DPS-led government in 2018, with an implementation window between 1 January 2019 and 31 December 2021 and a cap of 2,000 applications.
In March 2021, the new Montenegrin government had announced that the programme would not be extended beyond 31 December 2021, as it was ‘contrary to EU’s principles’. In its annual report on the candidate country, the European Commission (EC) highlighted that ‘Montenegro should effectively phase-out this investor citizenship scheme’ as a condition for accession. Furthermore, the EC’s 2021 report under the Visa Suspension Mechanism noted that while Montenegro still meets the visa liberalisation benchmarks, in order to maintain a well-managed and secure migration system it was necessary to abolish the programme as soon as possible.
Read more here.