North Macedonia Citizenship by Investment

North Macedonia Citizenship by Investment Program

OVERVIEW

What is the North Macedonia Citizenship by Investment program?

North Macedonia began naturalizing individuals who invested at least EUR 400,000 in businesses on a discretionary basis in 2016. In 2021, a standardized investor naturalization program was curated. This included an option for investment into an approved development fund.

This represents North Macedonia following the successful path of other similar European citizenship investment programs. However, North Macedonia has further modified their program to be more in line with EU policies.

The North Macedonia Citizenship by Investment Program allows foreign nationals to invest in the country and apply for citizenship in exchange for this investment. The program has an annual application quota, allowing just 1,000 applicants to be approved each year.

Interested in a North Macedonia citizenship? J.H. Malrin can help you!

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North Macedoniaan Citizenship Requirements for Application

Eligibility criteria for a Greece Golden Passport includes that applicants:

1. Must be 18 years or older
2. Must have a clean criminal record
3. Must not have entered or stayed illegally in North Macedonia
4. Must have proof of financial standing and proof of funds for investment

Routes to North Macedonia Citizenship

The North Macedonian Citizenship by Investment Program requires that a foreign national makes a qualifying investment pursuant to one of the following two options:

Option 1: Fund Contribution

• Make a EUR 200,000 investment in a private investment fund for at least two years
• This government fund must be established in accordance with the laws of the Republic of North Macedonia

Option 2: real estate investment

• Make a EUR 400,000 direct investment in new facilities
• These facilities may include anything other than those in hospitality meant for restaurants or shopping
• Investment must employ at least ten people for an indefinite period of time, for at least one year
• Note that processing fees are EUR 50,000 for the main applicant. EUR 20,000 for their spouse, and EUR 10,000 per dependent child. 

North Macedonia Citizenship Benefits

Visa Free Travel

• The right of free movement to Hong Kong, Japan, Singapore, Türkiye, and the Schengen Area with Macedonian Passport
• Visa-free or visa-on-arrival travel to 125 destinations

Business Advantages

• Access to a strategically positioned trade market
• Favorable tax regime
• Highly skilled workforce
• Fast company registration

Family Advantages

• Citizenship applicable to individuals aged 18 and older. Dependent children under 18 can apply for citizenship by descent once both or one of their parents has received citizenship
• Citizenship is for life and can be passed down to future generations and to future children

Personal Freedom

• Affordable citizenship: Minimum investment of EUR 200,000
• Processing time of 2-5 months
• No physical presence requirement
• No language requirement

Procedure for Citizenship by Investment Application

One can expect that the application process for citizenship by investment in North Macedonia to include the following:

1. Clients contact JH Marlin
2. Initial due diligence check is performed to determine eligibility
3. Client agreement is signed, and retainer is paid
4. Clients choose the investment option best suited to them with the help of our team
5. Client makes the appropriate investment
6. Files are prepared and required documents are collected
7. Application forms, supporting documents, and processing fee are submitted to the Fund for Innovations and Technology Development of the Republic of North Macedonia
8. If successful, application is approved (after 2-5 months+ of processing)
9. Official passport issuance

Documents Required for North Macedonian Citizenship Application

• Nomination form
• Valid passport
• Identity card
• Police certificates from each country of residence of more than 6 months in the past 10 years
• Personal profile (including education and employment history)
• Medical certificate for HIV and other non-treatable and communicable diseases
• Birth certificate
• Marriage certificate
• Divorce certificate
• Military records
• Nationality certified copy
• Asset report
• Proof of source of funds
• Employment certification
• Bank reference
• Professional reference
• Power of attorney

Visa-Free Travel Countries with North Macedonia Passport

• Albania
• Andorra
• Argentina
• Austria
• Bahamas
• Belarus
• Belgium
• Bosnia and Herzegovina
• Brazil
• Bulgaria
• Chile
• Colombia
• Croatia
• Cuba
• Cyprus
• Czech Republic
• Denmark
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Estonia
• Eswatini
• Finland
• France
• Gambia
• Georgia
• Germany
• Greece
• Guatemala
• Haiti
• Honduras
• Hungary
• Iceland
• Indonesia
• Israel
• Italy
• Japan
• Latvia
• Liechtenstein
• Lithuania
• Luxembourg
• Malaysia
• Malta
• Micronesia
• Moldova
• Monaco
• Montenegro
• Netherlands
• Nicaragua
• Norway
• Panama
• Peru
• Poland
• Portugal
• Qatar
• Romania
• Russia
• Saint Kitts and Nevis
• Saint Vincent and the Grenadines
• San Marino
• Serbia
• Singapore
• Slovakia
• Slovenia
• Spain
• Sweden
• Switzerland
• Tunisia
• Turkey
• Ukraine
• Vatican City
• Kosovo
• Northern Cyprus
• Palestine
• South Ossetia
• Taiwan
• Transnistria
• Hong Kong
• Macau
• Faroe Islands
• Greenland
• Aruba
• Caribbean Netherlands
• Curaçao
• Sint Maarten
• French Guiana
• French Polynesia
• French West Indies
• Mayotte
• New Caledonia
• Réunion
• Saint Pierre and Miquelon
• Wallis and Futuna
• Cook Islands
• Niue

Visa on arrival countries

• Armenia
• Benin
• Cambodia
• Egypt
• Guinea-Bissau
• Kenya
• Kyrgyzstan
• Laos
• Madagascar
• Malawi
• Rwanda
• Sri Lanka
• Tanzania
• Uganda
• Zambia
• Samoa
• Maldives
• Palau
• Seychelles
• Bangladesh
• Bolivia
• Cape Verde
• Comoros
• Grenada
• Iran
• Jamaica
• Jordan
• Lebanon
• Mauritania
• Mauritius
• Mozambique
• Nepal
• Somalia
• Timor-Leste
• Togo
• Tuvalu

Electronic visa countries

• India
• Antigua and Barbuda
• South Sudan
• Azerbaijan
• Côte d’Ivoire
• Djibouti
• Ethiopia
• Gabon
• Guinea
• Lesotho
• Oman
• São Tomé and Príncipe
• Suriname
• Tajikistan
• Uzbekistan
• Vietnam
• Zimbabwe
• Armenia
• Benin
• Cambodia
• Egypt
• Guinea-Bissau
• Kenya
• Kyrgyzstan
• Laos
• Madagascar
• Malawi
• Rwanda
• Sri Lanka
• Tanzania
• Uganda
• Zambia
• Pakistan
• Montserrat

North Macedonia: General Information

The Republic of North Macedonia is located in Southeast Europe. The European country benefits from being located at a crucial intersection of transport and trade routes. North Macedonia has ample mountains and valleys, which make it a rich environment for agriculture. North Macedonians enjoy a mild climate, rich culture, and amazing investment opportunities.

North Macedonia has one of the most investor-friendly and strong economies, and is ranked highly for ease of doing business. The growing economy is mainly stimulated by agriculture and manufacturing. North Macedonia’s economy is currently dependent on agriculture and trade. The government’s Free Economic Zone policy encourages domestic and foreign direct investment. The country also has low tax rates (10% income tax). Combined, these policies attract foreign investors to stimulate the economy.

Fast Facts:

Location: 41° N & 21° E | Southeastern Europe

Capital: Skopje

Size: 25,700 km²

Population: 2 million

Official Currency: Macedonian Denar (MKD)

Government: Parliamentary Republic

Economy: Services | Agriculture | Manufacturing

Official Language: Macedonian | Albanian

Religion: Orthodox Christian | Muslim

*Important: This article is for information purposes only and does not constitute legal advice. Information in this article can change at any time without notice.