We have compiled the most important differences between three citizenship by investment schemes in Europe. Based on this you can decide which citizenship scheme is better for you.

From our point of view, Cyprus is far better scheme than Montenegro and Malta, no doubt it is the best CBI scheme for investors but it way too expensive. Montenegro is a cheap european scheme, considering Montenegro will join EU in 2025, it will be a great future investment.

Take a look below..

Citizenship by Investment (CBI)MontenegroMaltaCyprus
 CBI Launch201820142013
SchemeSpecial Citizenship by AdmissionIndividual Investor Program (IIP)Cyprus Investment Program (CIP)
Total Pricing€350,000€900K€2.15M
Real Estate€250,000na€2.5M
Quota / Limits of CBI scheme2000 (total)1800 (total)700 (per year)
Qualifying investmentsReal estate
Fisheries / Wood industry
Donation + BondsReal Estate
Business Capital
Bonds / Shares
Safety Score59.5266.4770.69
Visa free countries123183173
Personal visit requiredYesYesYes
EU schengen visa freeyesyesyes
Visa free to United Kingdomnoyesyes
Visa free to United Statesnoyesno
Visa free to Canadanoyesyes
Visa free to Russiayesnono
Visa free to Chinanonono
EU membershipcandidateyesyes
GDP billion122035.9
How Rich – GDP per capita $191204458741572
CBI Passport time (months)3126
Residency conditions3 weeks12 months6 months
Dual citizenshipyesyesyes
Oath ceremonyyesyesyes
EU citizenship / passportnoyesyes
E-2 treaty with USyesnono
Education Rank744819
Healthcare Rank99524
Human Development Rank502932
Publish citizens names in Official Gazettenoyesno
Government Debt0.7130.5271.045
Personal Income Tax15%35%35%
Corporate taxes9%35%12.5%
Property prices (sq.m) on average€1,400€4,576€ 1,678
Tourist arrivals2.2 million2.6 million3.9 million
Due DiligenceStrict
Enhanced Due Diligence (EDD)
Very strict
CBI TransparencyNAVery GoodAverage
Passport Validity (years)101010
Biometric Passportyesyesyes
Right to Vote / Government Officeyesyesyes
European Parliament elections / Local and municipal elections / Stand as candidatenoyesyes
Honorary Citizenshipnonono
Third Generations Citizenshipyesyesyes
Passport renewal fee USD3057080