In October 2018, Montenegro started a program that lets up to 2,000 wealthy individuals who invest at least €250,000, or $291,000, in one of the government's development projects, to obtain a Montenegro passport.
"A record 26% of global UHNWIs will begin to plan for emigration this year, and to help them a record number of countries will offer citizenship and residency through investment schemes, with Moldova and Montenegro the latest to offer themselves as wealth havens," Liam Bailey, Knight Frank's Global Head of Research, wrote in the consultancy firm's 2019 Wealth Report.
Montenegro joined countries like Greece, New Zealand, the UK, and Malta that have similar programs for buying citizenship or residency.
Each applicant for a Montenegro passport will also have to pay an application fee of up to €100,000, about $112,000.