The hidden gem of North Macedonia citizenship by investment program

North Macedonia Citizenship by Investment Program

The North Macedonia citizenship by investment program is a scheme that allows foreign nationals to make a significant investment in the country and obtain citizenship in exchange. The program was launched in 2019 and has an annual quota of 1,000 applicants. The program offers two investment options: a donation to a government fund or a direct investment in new facilities.

In this blog post, we will explain the benefits, requirements, and process of the North Macedonia citizenship by investment program.

Benefits of the North Macedonia Citizenship by Investment Program

By obtaining citizenship of North Macedonia through investment, you can enjoy the following benefits:

• The right to live, work, study, and travel freely in North Macedonia and its neighboring countries
• The right to travel visa-free or visa-on-arrival to 125 destinations, including Hong Kong, Japan, Singapore, Turkey, and the Schengen Area
• The right to apply for an e-visa to India
• The right to pass down citizenship to future generations by descent
• Access to a dynamic and emerging economy with a booming agriculture and manufacturing industry
• Access to a favorable tax regime with a flat corporate tax rate of 10% and no inheritance tax, wealth tax, or capital gains tax on the sale of securities
• Access to a highly qualified workforce and fast company registration systems
• Access to a culturally rich and hospitable country with a diverse natural landscape and a mild climate

Requirements of the North Macedonia Citizenship by Investment Program

To qualify for the North Macedonia citizenship by investment program, you must meet the following requirements:

• You are a non-EU/EEA citizen
• You are at least 18 years old
• You have a clear criminal record
• You have valid health insurance of at least €30,000 in coverage
• You have sufficient financial means to support yourself and your dependents
• You make one of the following investments:
  • Option 1: A donation of €200,000 per adult applicant to a private investment fund established in accordance with the laws of North Macedonia for a period of at least two years
  • Option 2: A direct investment of €400,000 in new facilities (except for those in the hospitality sector) in North Macedonia for a period of at least three years and create at least ten new jobs

In addition to the investment amount, you must also pay the following fees:

• Application fee: €100 per applicant
• Due diligence fee: €20,000 for the main applicant and spouse and €10,000 for each dependent child under 18 years old
• Processing fee: €5,000 per applicant
• Agent fee: Varies depending on the agent

Process of the North Macedonia Citizenship by Investment Program

To apply for the North Macedonia citizenship by investment program, you must follow these steps:

1. Choose an authorized agent who will assist you with your application and guide you through the process
2. Gather the required documents for your application, such as your passport, proof of income, proof of health insurance, proof of investment, CV, letter of intent, and criminal record certificate
3. Submit your application and pay the application fee and due diligence fee to your agent
4. Wait for the approval of your application, which may take up to 30 days
5. Make your investment and pay the processing fee and agent fee to your agent
6. Receive your certificate of naturalization and passport from your agent

North Macedonia is an attractive destination for investors who want to obtain citizenship of a European country with a low cost of living, a high quality of life, and a favorable tax environment. If you are interested in applying for the North Macedonia citizenship by investment program, you can contact us at Hayah Resident for more information and assistance. We are an immigration website that specializes in helping clients obtain residency and citizenship by investment in various countries. We have the expertise and experience to help you achieve your goals