Moldova and Montenegro announced their new citizenship by investment schemes in July 2018 and set to open officially for applications in Oct 2018. Here are the comparison between the programs. Both the CBI programs should not be confused with each other.
The main difference is Montenegro does not have a donation program. It has to be an investment for citizenship and only accepts 2000 applications. Moldova is the cheapest! Both passports does not have a visa free travel to United Kingdom, Canada, Australia and United States.
There are key differences with visa free travel of two countries.
| Moldova | Montenegro | |
 |
 |
|
| Launch of CIP | Announced in July, launch within 3 months (Oct 2018) | Oct 2018 |
| Name of Scheme | MCBI Program | Special Investment Scheme |
| Minimum Investment | EUR 100,000 (donation) | EUR 250,000 (investment in real estate development projects) |
| Application fees | EUR 35,000 | EUR 100,000 |
| Citizenship time | 3 months | 3 months |
| Passport for family | yes | yes |
| Residency requirements | – | – |
| Scheme limit | – | 2000 |
| Passport rank | #44 | #42 |
| Visa free countries | 121 | 123 |
| Visa free travel | Europe, Russia, Turkey, Ukraine, Israel, Bahamas | Europe, Russia, Turkey, Argentina, Brazil, Chile, Israel, South Korea, Singapore, Ukraine, UAE, Uruguay, Hong Kong |
| Visa required | UK, Ireland, Canada, United States, Japan, UAE, Singapore, Australia, New Zealand, South Korea, China, Australia, Brazil, Chile, South Africa, Thailand, Uruguay, Hong Kong | UK, Ireland, Australia, Canada, United States, New Zealand, Bahamas, China, Japan, New Zealand, South Africa, Thailand |
| E-2 visa to US | yes | yes |
|
Population: 630,000 GDP: $11 billion Currency: Euro Capital: Skopje |
Sources:
https://en.wikipedia.org/wiki/Visa_requirements_for_Montenegrin_citizens
https://en.wikipedia.org/wiki/Visa_requirements_for_Moldovan_citizens
