North Macedonia Citizenship By Investment
The North Macedonia Citizenship by Investment Program offers a unique opportunity for investors to gain citizenship in a country that is on its path towards European Union membership, providing a strategic position in Southeast Europe. While the program officially started in 2016, it has not accepted applications to date, remaining on hold by the government.
Language
Macedonian
Currency
Macedonian Denar
Total Area
25.713 km²
Capital
Skopje
Government
Republic
Population
1.836.713
Investment Options:
The North Macedonia Citizenship by Investment Program offers attractive and beneficial options for foreign investors. To apply, investors need to make an investment of either 200,000 EUR or 400,000 EUR. Here are the investment options and their benefits:
1. 200,000 EUR Investment into an Investment Fund: Applicants can invest 200,000 EUR into a private investment fund established according to the laws of the Republic of North Macedonia, for a minimum of two years.
2. 400,000 EUR Investment into a New Employment-Creating Facility: Investors can apply by investing 400,000 EUR into a new facility that employs at least ten people.
Application Conditions:
The applicant must be at least 18 years old.
A criminal record certificate is required.
How long does it take to complete the application?
The application process and acquisition of citizenship through the North Macedonia Citizenship by Investment Program generally takes between 3 to 6 months.
Advantages of the North Macedonia Citizenship by Investment Program:
A North Macedonian passport allows for travel freedom to 125 countries, including the Schengen Area, either visa-free or with visa on arrival.
The location is suitable for professional activities and company setup is easy.
Applicants can apply together with their spouse and children under 18.
Citizenship can be transferred to future generations via descent.
Low tax rates exist, and income tax is not collected from non-residents (10% corporate and income tax).
It provides the advantage of citizenship in a country with upper-middle income levels.
A well-developed health system is available.
North Macedonia is a member of NATO and a candidate country for the European Union.
There is no minimum residency or language requirement to obtain citizenship.
Application Process:
The application process for the North Macedonia Citizenship by Investment Program consists of the following steps:
1. Preparation of necessary documents: Applicants’ documents are carefully filled out, prepared, and translated if necessary.
2. Initial archive research: Archive research is conducted at the initial stage when the application process begins.
3. Submission of documents: Applicants submit all required documents to the government.
4. Payment of the investment amount: The designated investment amount (200,000 EUR or 400,000 EUR) is paid by the investor.
5. Acceptance of the application: Applications are evaluated based on eligibility criteria and then accepted.
6. Acquisition of citizenship and issuance of passport: Upon approval of their applications, applicants acquire North Macedonian citizenship and their passports are issued.
Investment Opportunities in North Macedonia: The program aims to attract foreign investment to the country, and thus offers various investment opportunities across different sectors. The program encourages investors to make direct investments, establish businesses, or create employment in North Macedonia. Sectors such as agriculture, tourism, energy, and infrastructure are some of the potential areas of interest for investors
North Macedonia, officially known as the Republic of North Macedonia, is a country in the Balkan Peninsula in Southeast Europe. Here are some of its key qualities:
1. Geographic location: North Macedonia's central position in the Balkan region provides a strategic advantage, serving as a crossroads for transportation and trade routes between Western and Eastern Europe.
2. Natural beauty: The country is well-known for its natural beauty, with diverse landscapes that include mountains, forests, and lakes. It boasts three national parks and several natural reserves, attracting tourists from all over the world.
3. Cultural heritage: North Macedonia has a rich history that dates back to ancient times, with influences from the Roman, Byzantine, and Ottoman Empires. This results in a diverse cultural heritage that includes a mix of Orthodox Christian and Muslim traditions.
4. Economy: The country has a developing economy with potential for growth. Key sectors include agriculture, manufacturing, and services. It has been making progress in its efforts to become a candidate for membership in the European Union.
5. Food and wine: North Macedonia has a rich culinary tradition, with specialties such as burek, ajvar, and Tavče gravče. The country is also known for its wine production, especially Vranec and Žilavka.
6. Hospitality: North Macedonians are known for their hospitality and warm welcome to visitors. They are eager to share their culture and traditions with tourists.
7. Affordability: Compared to many European countries, the cost of living in North Macedonia is relatively low. This makes it an attractive option for expats and tourists alike.
8. Education system: The country has a good education system, with a high literacy rate and a number of higher education institutions.
Please note that the specific benefits and advantages of living in or investing in North Macedonia can depend on individual circumstances, and it may be helpful to seek expert advice for detailed information.
Frequently Asked Questions about the North Macedonia Citizenship by Investment Program:
Why should we choose North Macedonia?
North Macedonia is strategically located in Southeast Europe and has a rapidly growing economy as a candidate country for the European Union. It offers opportunities for residence and business in Europe.
What are the visa-free travel opportunities?
North Macedonian passport allows visa-free travel to a total of 124 countries, including the Schengen Area.
Is there any language requirement for the application?
There is no language requirement for the North Macedonia Citizenship by Investment Program application.
Do I need to reside in North Macedonia during the citizenship process?
No, there is no residency requirement for citizenship application.
What are the privileges I will have in North Macedonia?
North Macedonian citizens can benefit from various tax advantages, have access to the education and health system, and have the right to bring family members to the country.
What are the tax advantages?
North Macedonia stands out with low tax rates and does not collect income tax from non-residents. Corporate and income tax rate is 10%.
Which family members can the main applicant include in the program?
The main applicant can include their spouse and children under 18 in the application.
Is North Macedonian citizenship valid for a lifetime?
Yes, North Macedonian citizenship is valid for a lifetime from the moment it is acquired and can be transferred to future generations through descent.
As Ketenci & Ketenci, we are a leading international law firm that advising on obtaining 2nd Citizenships and Residency through investment.
Please contact us for more details and questions about the North Macedonia Citizenship by Investment program.