This comparison is unusual because both routes are closed. Spain ended its golden visa in 2025. Montenegro ended its citizenship by investment programme at the end of 2022. We publish this so the position is clear and you are not misled by older pages.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
Many older articles still present these as live options. They are not. Spain golden visa closed to new applications on 3 April 2025 under Organic Law 1/2025. Montenegro citizenship by investment stopped accepting new applicants at the end of 2022.
Rather than restate old figures as if they were current, we set out the status plainly so you can plan around it.
Spain ran a residence by investment route, the golden visa, from 2013. New applications have not been accepted since 3 April 2025. Applicants who applied before that date are handled under the earlier rules, and existing holders may renew if they still meet the original conditions.
If Spain interests you, the route now is one of its other residence permits rather than the golden visa. Confirm what is available with the official authority.
Montenegro ran a citizenship by investment programme that closed to new applicants at the end of 2022, in the context of European Union accession priorities. Government statements have indicated it is not expected to restart in the near term.
Montenegro still has other immigration routes, such as residence permits, that are separate from the closed citizenship programme. Confirm what is available with the Government of Montenegro.
Do not act on any page that still advertises either of these closed routes with specific figures. Treat such pages as out of date.
Decide whether your goal is residency or citizenship, then look at routes that are open today and confirm them with the relevant official authority before you commit.
No. It closed to new applications on 3 April 2025. Spain has other residence permits; confirm what is available with the official authority.
No. It stopped accepting new applicants at the end of 2022 and is not expected to restart soon. Confirm the current position with the Government of Montenegro.
Yes, through other immigration routes that are separate from these closed programmes. Verify the current options and rules with the relevant official authority.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
This route is reported closed or paused. Do not rely on older figures. Get the current position, and the routes that are still open, before you commit time or money.
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