Montenegro Citizenship Program Revival: Former EU Negotiator Makes Strong Case for Economy

A Montenegro Citizenship Program revival could inject over €1 billion into the country's economy, according to Bojan Bugarin, the former EU-accession negotiations coordinator. In a recent interview with Bankar, Bugarin presented a compelling case for the program's return, backed by significant economic data and previous EU support.

The initial program, launched in 2019 with a 2,000-application cap, has only processed 850 applications to date, leaving substantial untapped potential. Notably, Bugarin revealed that the European Commission and former German Chancellor Angela Merkel had previously endorsed this cap, determining it posed no significant risks to EU interests.

Montenegro CBI Returning Economic Impact

Despite its early conclusion, the program's economic impact has been remarkable:

• €84.5 million directed to special funds and innovation initiatives
• €43.5 million contributed to the state budget
• €243.7 million invested in development projects, including luxury hotels
• Total economic contribution reaching €500 million

The program has attracted high-caliber investors, including top management from Google, major cosmetic and fashion industry leaders, bankers, and medical professionals from prestigious institutions. "Any country in the world would wish for such individuals as its citizens," Bugarin emphasised.

Montenegro CBI Returning Requirements

To ensure a successful relaunch, Bugarin proposes enhanced due diligence measures through reputable European agencies and potentially specialised EU bodies. He points to Malta's successful program as a precedent, noting its billions in economic contributions over the past decade.

"Montenegro's path to the EU remains stable," Bugarin assured, while emphasising that decisions on citizenship remain a sovereign right under both international and EU law. He advocates for close cooperation with the European Commission to ensure the program attracts only credible investors, potentially accelerating Montenegro's development toward meeting EU accession criteria.