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How To Migrate or Get A Passport In Beautiful North Macedonia

North Macedonia, an E.U. candidate state, has much to offer to prospective residents. They have a flat income tax rate of 10% for both individuals and corporations and do not tax wealth.

That being said they do have an 18% VAT tax, although certain more essential goods have a lower tax rate of 5% or 10%. English is very common and the highly educated workforce with competitive labour costs makes it a great place to do business.

North Macedonia’s gorgeous natural landscape offers many breathtaking views. The climate leads to warm summers and cold snowy winters due to the elevation. North Macedonian is extremely mountainous and there are a lot of great hiking trails. Despite the cold winters, temperatures rarely get far below zero degrees celsius. North Macedonian food is rich in organic produce and high-quality meat, like their delicious cabbage rolls, hearty stews, or stuffed green peppers.

 

map-north-macedonia

Map of Macedonia

RESIDENCY IN NORTH MACEDONIA

Temporary residence in North Macedonia can be granted for a number of different reasons, such as:

  • Employment
  • Post Secondary Education
  • Family Ties
  • Medical Tourism
  • Engaging in Scientific Research
  • Volunteer Work
  • On The Job Training Programs And Work Study
  • Residence in a Retirement Home
  • Humanitarian Reasons or Refugees Fleeing Conflict and Oppression

Prior to coming to North Macedonia, individuals interested in a temporary residence permit must apply for a Type D long-stay visa and a residency permit at their local North Macedonian consulate or embassy. The following documents are required: 

  • A duly completed temporary residence application form
  • Your passport
  • A passport photo
  • Proof of health insurance 

Additionally, you may be required to disclose information concerning your proposed accommodations in North Macedonia, and demonstrate financial solvency with bank statements. A temporary residence permit is valid for one year only, but can be extended should circumstances warrant the extension. 

Along with the above reasons, a foreigner may also qualify for temporary residence if 

  • They have familial ties with a North Macedonian citizen
  • They are the child of a North Macedonian citizen
  • They were born in North Macedonia
  • If they are a member of the EU or an OECD state and they have legally acquired property in North Macedonia 

You can read this article where we look at all of the immigration schemes worldwide, it’s called: The Basics Of How To Get A Second Passport Or A Second Residency

 

Art Bridge in Skopje, North Macedonia

Art Bridge in Skopje, North Macedonia

Temporary residency permits are usually granted for one year. However, that is not a fixed rule and it is possible to get one for a longer period of time if circumstances warrant it. You may extend your permit, provided you have lived in North Macedonia for at least ¼ of the time allotted for you in your permit. After having resided in North Macedonia as a temporary resident for five years, you can apply for permanent residency, so long as you have not been absent for more than six months in a row during that time period, and for no more than ten months altogether.

Hand Picked Article: Thailand Immigration - How To Get Residency In Thailand

 

NATURALIZATION IN NORTH MACEDONIA

After at least 8 years of continuously living in North Macedonia, you can submit your application for citizenship. You must also follow these requirements, among others

  • 18 years of age
  • free from criminal charges
  • speak the Macedonian language
  • sign an oat that you will be a loyal citizen
  • sign a release form stating that you will give up your original citizenship

 

CITIZENSHIP BY INVESTMENT IN NORTH MACEDONIA 

North Macedonia also has a citizenship by investment program, which requires a 200,000 donation to a social development fund. This program is limited to 1,000 applicants. This process has a 20,000 fee for the principal applicant, as well as a 10,000 fee for each other family member who is brought along. There are additional fees as well. The beauty of this program is that it fast-tracks citizenship and you can have a North Macedonian passport in as little as three months. In terms of residency requirements, you simply need to make a single visit in order to submit your application and all the paperwork and you are good to go.

It is important to note that the 200,000 donation is only for a single individual. The cost for a couple without children is 280,000, and with one child it is 300,000. This is the cost of the donation alone. There are also processing fees.

 

North Macedonia Denar

North Macedonia Denar

TAX IMPLICATIONS OF RESIDENCY OR CITIZENSHIP IN NORTH MACEDONIA

North Macedonia has a worldwide tax system, so if you are deemed a tax resident of North Macedonia, then you are subjected to a flat income tax of 10%. Capital gains have an effective tax rate of 7%. Because of the advantageous tax system in North Macedonia, it may behoove you to become a tax resident there. There is no wealth tax in North Macedonia, and property taxes are around 0.1% to 0.2%. If you do not stay in North Macedonia for more than 183 days a year, then you are not considered a tax resident and are subject only to North Macedonia-sourced income. 

 

Skopje Fortress is a historic fortress located in the old town of Skopje, capital of North Macedonia

Skopsko Kale, Skopje, North Macedonia

BENEFITS OF NORTH MACEDONIAN CITIZENSHIP

Becoming a North Macedonian citizen will give you the right to live and work in North Macedonia as long or as little as you want. That right will also pass down to any children you might have in the future. A North Macedonian passport will give you visa-free travel to or visa on arrival benefits in 125 different countries around the world. As North Macedonia is an E.U. candidate country, there is a good chance it will join the European Union in the future. Should North Macedonia become a member of the E.U. then North Macedonian citizenship would confer the right to live, work, and travel anywhere within the European Union.

As a North Macedonian citizen, you would be able to take advantage of the relatively low taxes and business-friendly environment. You are also in a very strategic location, both for business and travel. You would have land borders with many very interesting travel destinations within Eastern Europe and short flights to Western Europe, Africa, and the Middle East.

Handpicked Related Content: Montenegro - How To Get A Second Passport

 

WORK WITH ME

I help my clients to move offshore for freedom, privacy and autonomy by focusing on the immigration, legal, and tax issues that you will face when becoming an expat. If you would like to work one-on-one with me on getting out of Canada or the USA (or setting up a Plan-B location), then read this important letter and fill in an application form to become a Private Client. My fees are not cheap, however, I can assure you that when you work with a professional, your risks can be reduced considerably.

Mikkel Thorup

Written by Mikkel Thorup

Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land and other hard-money tangible assets. Mikkel is the Founder and CEO at Expat Money™, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money.

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