North Macedonia CBI programme requires a financial commitment of at least EUR 200,000
prime minister, Zoran Zaev, North Macedonia
North Macedonia is a citizenship-by-investment program that requires a financial commitment of at least EUR 200,000.
This program is limited to only 1,000 applications and grants full citizenship and passport to successful applicants and their qualifying family members in typically 2 to 5 months.
This new programme has recently become an interesting option for those looking to gain a second passport in a European country which may later have the added benefit of being an EU member. The beauty of investing in a country which is not yet a member of the European Union, is that the programme is much lower in cost than a direct CBI option in a EU member country. Malta and Bulgaria for example will cost investors €1.2 million and €1,024,000 for citizenship, whereas North Macedonia’s new programme is available from just $200,000, plus fees.
The right of free movement to Hong Kong, Japan, Singapore, Türkiye, and Europe’s Schengen Area, among others, as well as an e-visa to India
Obtaining Citizenship by Investment in North Macedonia by making a government donation of €200,000, plus associated fees. Main applicants will be able to include their spouse and children up to the age of 18 years old. The programme has an annual application quota, allowing just 1,000 applicants to be approved each year. North Macedonia is a Balkan nation situated in Southeast Europe, neighbouring Greece and Bulgaria. The country is currently undergoing negotiations with the EU to become a fully-fledged member of the European Union.
EU government officials have reaffirmed their promise to allow six Balkan countries to one day join the bloc, including North Macedonia. A statement from the EU, referring to membership talks said :
”The Council looks forward to the holding of the first intergovernmental conferences with the Republic of North Macedonia and with Albania as soon as possible.”
Up until recently, North Macedonia’s EU application had been stalled. Despite North Macedonia and Bulgaria now holding a good relationship, Bulgaria previously vetoed North Macedonia’s EU accession due to a historical disagreement over the country’s language; which they claim is a regional dialect of Bulgaria and should be recognised as this. Bulgaria’s decision to veto North Macedonia’s application in 2020, had hindered the country’s chances of joining the EU unless a resolution could be found.
However, after a politically rocky year, Bulgarian Government appointed a new leader, Kiril Petkov who has made clear he will facilitate North Macedonia’s EU ambitions. Bulgaria’s new government must still lift its predecessor’s veto on North Macedonia, but it appears hopeful that this is now likely.
CITIZENSHIP BY INVESTMENT FEES On top of the €200,000 government donation, applicants will be required to pay due diligence fees, application, and processing fees. Investors should budget for the following depending on the number of applicants.
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