North Macedonia is a small Balkan country located in the southeast region of Europe. Landlocked by many prominent nations such as Greece, Bulgaria, Serbia, and Kosovo, the country is slowly emerging as a major industrial hub.
Apart from this, what places North Macedonia at the top of the heap for every investor is the ease at which one can conduct a business. So for all those interested to move into this Balkan country, here is a list of dos and don’ts of the investor program.
Why Choose North Macedonia in the First Place?
As mentioned earlier, North Macedonia has recently secured 17th rank on the world bank’s Ease of Doing Business Index. Now with the help of the investment program, immigrants can access the basic facilities offered by the country such as healthcare and higher education.
Apart from this what gravitates major investors towards North Macedonia is the blooming economic climate. The country has bustling agriculture, manufacturing sectors, and a highly qualified workforce which makes the job of investors a lot easier.
Also, the corporate tax and personal income are a lot lower than other European countries which act as a major crux for doing business.
Details About The North Macedonia Investment Program:
One of the latest programs launched by North Macedonia is the Citizenship by Investment program. As the name states the program offers citizenship to the investors along with access to the passport. Interested applicants are required to provide a minimum contribution of €200,000 for the same.
Once you lay hands on the North Macedonia passport, there are over 125 countries where you can travel visa-free along with a low cost of living. Also, the processing time of the program is around 2-5 months which is backed up by no minimum residence period or language requirements.
Do’s of The North Macedonian Program:
One of the prime steps in acquiring the North Macedonian passport is to contact a licensed agent. This will help in reducing the time frame and also make the processes clear for the applicants. Other pertinent points to remember are listed below:
- Once the agent has been finalized it is time to submit the passport copy and CV.
- This is followed by the assignment of the application number and initial interview.
- North Macedonia also accepts a contribution of €200,000 in infrastructure, hospitals, and start-up projects.
- Once the money is rolled out then only the applicant investor is granted citizenship.
- The applicants are also required to provide biometric information before receiving passports.
- Apart from the above-mentioned contributions, immigrants can also contribute an amount of €400,000 towards bonds and business opportunities.
Don’ts Of North Macedonia Program:
While the investor program of North Macedonia may look seemingly affordable from the outset, this is just for a single applicant. The contribution of €200,000 is valid for a single person only and when it comes down to a family of four then the price raises a bit higher.
There are no real estate options available with the program too which shall also be taken into account before applying. North Macedonia also has an annual quota of only 1000 people a year, thus there is a high chance that many applications will not get through.
Thus, before applying for North Macedonian citizenship make sure to keep all these focal points in mind and then proceed to the next step.
Benefits of North Macedonian Investor Program:
- North Macedonia is blessed with a strong economy and low corporate tax. This makes it easy for conducting business in the nation.
- The well-developed infrastructure and internationally regulated banks make the job further easier.
- North Macedonian citizenship opens gates to becoming a lifetime citizen of Europe.
- The country supports dual-citizenship with no minimum stay period.
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