CITIZENSHIP BY INVESTMENT NORTH MACEDONIA

CITIZENSHIP BY INVESTMENT PROGRAM IN NORTH MACEDONIA

The former Yugoslav Free State of Macedonia is a mountainous country (25,713 km ² with 2100300 citizens) in the center of the Balkans, it connects highways to Europe, the Middle East and Asia and is therefore perfectly strategically located.

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ECONOMIC CITIZENSHIP NORTH MACEDONIA (OVER ARTICLE 11)


Under the law of Ministry of foreign affairs of article 11 can a foreigner who meets the requirements referred to in Article 7 paragraph 1 points 1 and 8 of this Law, acquire citizenship of the Republic of Macedonia by naturalization if this is of special scientific, economic, cultural, sports or other national interest. The Government of the Republic of Macedonia shall, by a decree, determine the criteria for special scientific, economic, cultural, sports and other national interest for the purpose of acquiring citizenship, in terms of paragraph 1 of this Article.


NORTH MACEDONIA


Macedonia is very interested and popular for People! It is since 2005 a EU Joining candidate and will go now very soon in around 2023/24 as a full member in the EU, will also this year a NATO Member.


CITIZENSHIP IN NORTH MACEDONIA


GCI UNIT North Macedonia is a development agency dedicated to facilitating and implementing direct investment, promoting and increasing exports, improving the competitiveness of the North Macedonian economy and the reputation and economic and regional development of the Republic of North Macedonia, in the interest of the Government of North Macedonia. With this passport you can visa free travel 125 countries and areas incl. Schengen Area, Russia, Malaysia, India, Iran, E-2 USA, Brazil etc..



NORTH MACEDONIA CITIZENSHIP BY INVESTMENT OPTIONS



Investment opportunities in the Former Yugoslav Republic of Macedonia, Today "North Macedonia". "North Macedonia is the paradise for investors in Europe" was the campaign initiated by the state in 2014 to attract immigrants to the former Yugoslav Republic of Macedonia. The converted instruments were: Facility relief ("one-stop shop order" for business registration within 4 hours). Implementation of a tax reform that has set corporate income and income tax rates at 10%. Legally full exemption of returns on re-investment in tangible and intangible assets in business development and development of technological development zones. Earned income from the sale and distribution of direct investment units can be transferred abroad. Exemption from corporation tax for 10 years and income tax reduction of 5% for 5 years for specific assets. Lifting of VAT and customs duties on raw materials and armaments. Macedonia has a stable macroeconomic situation. Government forecasts assume that GDP will increase by 2.3% by 2017 and prices rise by 1%. The Republic of Macedonia is strategically located between two European transport corridors. Liberalized foreign trade policy, unrestricted access to the EU, CEFTA, Turkey and Ukraine, a well-developed road and rail infrastructure and low labor costs make the former Yugoslav Republic a competitive industrial producer between Asia and Europe in the clothing, food and automotive industries. The clothing industry in Macedonia exports mostly to the European Union. The production is 93% aligned by the CMT system (uppercut, make & trim). Short delivery times, the potential to produce small orders at the same price level as large orders, the high level of operating procedures, as well as a developed infrastructure and logistics are just a few of the various competitive advantages. One of the most promising industries is the food and beverage industry, which is dominated by livestock through vegetable, cereal and tobacco cultivation. Most of the goods exported in 2005 were tobacco (35%), wine (15%), vegetables (10%) and lamb (5.7%). Macedonia offers an optimal location for the automotive industry. From a geographic perspective, proximity to European and Middle Eastern markets enables low sales and delivery costs for just-in-time products. With American and Western European firms increasingly interested in outsourcing IT and software processes, exports in these areas are among the fastest-growing sectors characterized by low labor costs, highly skilled human resources, and tax and operational benefits.



INVEST MONEY IN REAL ESTATE



Non-resident private individuals and organizations are entitled to acquire houses and buildings with the prerequisite of mutual consent and with the consent of the Ministry of Justice. Natural and legal persons who come from abroad have the option of owning or renting land (up to 99 years), however acquire no direct ownership of agricultural land, unless there is a special permit from the Office. The current situation of the real estate market is weak. Data from the State Statistics Office indicate that the average price per square meter currently stands at around 800 euros. Last year the price fell by 0.9% (adjusted for inflation), while the maximum price was in the capital Skopje. In recent years, the government has taken steps to stimulate demand for housing through subsidies. Forecasts signal an increase in demand and consequently a price increase. VAT on the exchange of immovable property or rights amounts to between 2% and 4% of the market value and is paid by the buyer. In the construction of residential buildings, VAT is 18% on the first invoice within 5 years. Normally, the brokerage fees amount to approximately 2% of the value of the house or land, and are usually paid by the seller. The notary fees are set by law and vary between 0.10 and 1%, depending on the value of the property. Sales contracts must be set up by a lawyer. The registration fee of a property is approximately 0.10%, whereby this is often negotiable. The registration of a property takes on average 29 days.



BUSINESS START



There is no restriction on the founding of a 100% company. Registration is via one-stop-shop system, which takes about 4 hours to process. The average cost of registration is 80 euros. As a result of the increasing capitalization in recent years, the level of liquidity has stabilized. The exchange rate risk is minimal, the exchange rate policy of the denarius is largely fixed in comparison to the EURO. The banking industry in Macedonia is characterized by anonymity and confidentiality. In Macedonia, there is no obligation for the transfer of bank information between countries, neither through the automatic exchange of information (OECD), nor a tax information exchange agreement (TIEAs).

125

visa free travel

#36

passport index

BENEFITS FOR CITIZENSHIP OF NORTH MACEDONIA

• Complex investment opportunities in an as piring country
• Dual citizenship accepted.
• Member of CEFTA and SMWK.
• Associated member of the EU (meets the EU standards)
• Visa-free and visa an arrival travel to over 125 countries, including.
• Schengen countries, eastern European countries, Japan and others.
• The North Macedonian passport is No. 41 in the Visa Restriction Index.
• North Macedonia was independent of the Ottoman Empire in the fifteenth century.
• North Macedonia is a stable, neutral and highly respected European country with a parliamentary government.
• No prior residence requirements.
• Only 10% Tax of income in North Macedonia, no wealth tax!
• Lifetime citizenship, not only residency.
• Citizenship for family members.
• Short personal visit required.
• Highly attractive price - benefit relation.

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Interested in citizenship by investment program for North Macedonia??

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