North Macedonia
North Macedonia, a small landlocked country located in southeastern Europe with a population of around 2 million, is situated between Serbia, Kosovo, Albania, Greece, and Bulgaria. With its Byzantine churches, Ottoman mosques, and Roman ruins serving as evidence of its rich history and diverse cultural background, North Macedonia continues to develop economically, focusing on agriculture manufacturing while providing services. It has various landmarks, which draw attention, such as Lake Ohrid being one such hotspot among many others. Of all nations worldwide, North Macedonia pridefully distinguishes itself as an official member state of different international organizations, particularly that of the United Nations and the World Trade Organization. It is also noteworthy to mention their native tongue is Macedonian, while their monetary unit is called Macedonian denar.
To be eligible for naturalization, a foreign resident must maintain residency in North Macedonia for at least eight years and demonstrate proficiency in the Macedonian language. Furthermore, they must possess a clean criminal record, have commendable character traits, and pass an assessment of citizenship knowledge. Despite its long duration and stringent requirements of sufficient documentation and eligibility proof, the naturalization process facilitates access to one’s desired citizenship status.
Nonetheless, North Macedonia extends various opportunities for foreign investors to benefit from business investments or real estate purchases. An astute course of action for those considering investing in North Macedonia to acquire enduring residency permits or visas leading to naturalization and eventual citizenship status is to consult an accomplished legal or financial advisor proficient in this sphere.
Such consultation will enable investors to gain comprehensive knowledge about their investment opportunities and comprehend the benefits and risks of these choices.
Performance Guarantee:
In North Macedonia, opportunities for foreign investors to invest abound. These investments, such as the ones made in businesses or property acquisitions, may require specific performance measures as part of the investment agreement, possibly including revenue targets and job creation quotas.
Investments are typically safe thanks to the country’s legal and regulatory framework that upholds high levels of transparency and accountability. The Republic of North Macedonia’s reputation for maintaining a moderate level of corruption distinguishes it as an ideal destination for foreign investment ventures.
Nonetheless, comprehending the conditions governing such programs is fundamental to successful outcomes. Consultation with competent financial or legal experts can provide significant insight into evaluating contractual obligations and identifying prospective hazards and benefits related to the investment.
Citizenship By Investment:
Benefits of the North Macedonia Citizenship by Investment Program:
- Visa-free or visa-on-arrival access to 125 destinations to countries such as Hong Kong, Japan, Singapore, Turkey and Europe’s Schengen Area countries.
- Citizenship applicable to individuals aged 18 and older, with the option for dependent children under 18 to apply for citizenship by descent.
- Citizenship can be passed down to future generations.
- Access to a strategically positioned trade market.
- Citizenship of a European upper-middle-income country with a friendly culture and a favorable tax environment.
- No minimum residence period or language requirement to obtain citizenship.
- Citizenship of a country that is a NATO member and an EU candidate.
- Access to a highly qualified workforce and fast company registration systems.
Citizenship By Investment:
Requirements of North Macedonian citizenship by investment:
The program offers two investment options:
Option 1: Invest EUR 200,000 per adult applicant for at least two years in a private investment fund established in accordance with the laws of North Macedonia.
Option 2: Make a direct investment of EUR 400,000 per adult applicant in new facilities (excluding hospitality venues like restaurants or shopping), employing at least ten people for an indefinite period of time within one year.
Required documents for the application include police certificates of clearance, a detailed curriculum vitae (CV), and proof of financial standing.
Citizenship By Investment:
Procedures and time frame of the North Macedonia Citizenship by Investment Program:
Applications for North Macedonian citizenship must be submitted with completed application forms, appropriate fees, and supporting documents. The program is monitored by the Fund for Innovations and Technology Development of the Republic of North Macedonia.