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Friday, May 24, 2024

    North Macedonia Citizenship By Investment Program Benefits & Procedures

    North Macedonia, a country in Southeast Europe, is strategically positioned to be advantageous to investors due to its prominence as a significant transit route throughout Europe.

    The North Macedonia Citizenship by Investment Program is the most effective option for individuals to obtain citizenship in this expanding European economy.

    Foreign individuals with money and talent who can invest significantly and suitably in the nation to stimulate foreign direct investment are warmly welcomed by the government.

    Within five months of enrolling in this procedure, people can become citizens of North Macedonia.

    Benefits of the North Macedonia Citizenship by Investment Program

    • Visa-free or visa-on-arrival access to over 120 destinations
    • 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 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 and hospitable culture and a favorable tax environment
    • No minimum residence period or language requirement to obtain citizenship
    • Citizenship of a country that recently acquired NATO membership and is an EU candidate
    • Access to a highly qualified workforce and fast company registration systems

    Requirements of North Macedonian citizenship by investment

    The North Macedonian Citizenship by Investment Program requires that a foreign individual invests EUR 200,000 or EUR 400,000 under one of the following two investment options:

    Option 1:

    EUR 200,000 per adult applicant for a period of at least two years in a private investment fund established in accordance with the laws of the Republic of North Macedonia, to be eligible to apply for citizenship

    Option 2:

    EUR 400,000 per adult applicant as a direct investment in new facilities (except for those in hospitality meant for restaurants or shopping), employing at least ten people for an indefinite period of time in a period of at least one year

    The following documents are required:

    • Police certificates of clearance
    • Detailed curriculum vitae (CV)
    • Proof of financial standing

    Procedures and time frame of the North Macedonia Citizenship by Investment Program
    Applications for North Macedonian citizenship must include completed application forms and should be accompanied by the appropriate fees and supporting documents.

    The required documents include birth and marriage certificates and a signed prospectus and share redemption documents of the government-approved fund.

    The program is under the direct and close monitoring of the Fund for Innovations and Technology Development of the Republic of North Macedonia.

    The following application steps apply:

    • Initial due diligence checks completed
    • Client agreement signed and retainer paid
    • Requirements fulfilled
    • Application for North Macedonian citizenship submitted to the government
    • Application approved
    • Full citizenship received
    • North Macedonia

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