For many investors, Montenegro has held the allure of a scenic escape with a passport to European possibilities. Its Golden Visa Program, launched in 2019, promised just that: citizenship in exchange for qualifying investments. But with the program officially closed in December 2022, the question remains – will Montenegro stage a Golden Visa comeback in 2024?
While the current chapter of the program has ended, it’s not a complete blackout. Applications received before the deadline are still being processed, and hundreds of honorary citizenships are expected to be granted in the coming months. However, new applications are firmly closed for now.
So, what does this mean for the future? The Montenegrin government has expressed a desire to revise and relaunch the program in a new form, possibly focusing on infrastructure projects or aligning it with the stricter criteria of other European Golden Visa programs. While the specifics remain under wraps, there’s a glimmer of hope for potential investors.
While the future of the Montenegro Golden Visa remains uncertain, its legacy is undeniable. It attracted significant foreign investment and boosted economic growth. If the program returns, it will need to address concerns about transparency and align with EU standards to regain its full shine. Until then, investors can keep a watchful eye for developments and consider alternative pathways to European citizenship.
