Macedonia’s government offers citizenship to anyone who invests at least €400,000 euros ($468,000) and employing at least 10 people.
According to the Government, many foreign investors including several turkish investors have already gained citizenship through the CBI scheme.
“These foreign nationals can benefit citizenship based on the law regarding scientific, economic, cultural or sports’ personalities in the country,” the government’s press office noted according to Xinhuanet.
The Macedonia citizenship by investment scheme is not widely promoted and only few investors have gained citizenship in Macedonia.
What good is Macedonia passport?
Macedonia passport is ranked 40th powerful passport in the world with visa free access to 125 countries including EU schengen, Russia etc. A visa is required to visit United Kingdom, Canada, United States, UAE etc.
Dual citizenship is allowed in Macedonia.
About Macedonia
Macedonia (FYROM) is a landlocked country in the Balkan peninsula in Southeast Europe with 2.1 million people, 660,000 of which live in its capital, Skopje and the country attracts large Foreign direct investment (FDI). Macedonia is a member of the UN and of the Council of Europe.
Since 2005 it has also been a candidate for joining the European Union and has applied for NATO membership. Although one of the poorest countries in Europe, Macedonia has made significant progress in developing an open, market-based economy.
Macedonia receives 700,000 tourists annually and its GDP is $12.1 billion as of 2018.
Investments in Macedonia
According to Ministry of Foreign Affairs, Macedonia offers additional incentives for development in the TIDZs, in addition to those normally associated with free economic zones. Investors in TIDZs are entitled to personal and corporate income tax exemption for the first 10 years. Further benefits include completed infrastructure that enables free connection to natural gas, water, electricity and access to a main international road network. Investors are also exempt from paying a fee for preparation of the construction site. Fast procedures for business activity registration are provided in TIDZ that further reduce the costs of setting up.
Invest Macedonia offers several investment projects for foreign investors here
