North Macedonia Citizenship by Investment Programme (citizenship by naturalisation on grounds of special economic interest)
North Macedonia's citizenship-by-investment route is a discretionary naturalisation under Article 11 of the Law on Citizenship rather than a packaged Caribbean-style programme: a foreigner of 'special economic interest' may be naturalised without the normal eight-year residence, language, source-of-income and prior-citizenship-renunciation tests. The Government Decree, administered through the Fund for Innovation and Technology Development (FITD/FITR), recognises two economic-interest pathways: (1) investing at least EUR 200,000 per person into a licensed private investment fund (PIF) that supports the domestic economy and innovation (minimum EUR 5,000,000 fund capital, maximum 20 investors per fund), or (2) a direct investment of at least EUR 400,000 in new business facilities (excluding hospitality and food and beverage, and pure retail) creating at least ten full-time jobs maintained for at least one year. North Macedonia permits dual citizenship and the passport gives visa-free or visa-on-arrival access to approximately 127 destinations, including the full Schengen Area. The programme is low-volume and under EU accession scrutiny; live operability should be confirmed directly with the Ministry of Interior and FITD before any client engagement.
Indicative — confirmed with admitted counsel before any filing
Investment of at least EUR 200,000 per person, held for at least two years, into a licensed private investment fund (PIF) registered with the Securities and Exchange Commission (SEC) of North Macedonia and operated by a licensed Private Fund Management Company (PFMC). The PIF must hold a minimum EUR 5,000,000 of investable capital, have a maximum of 20 investors, invest in support of the economy and innovation (not in real estate of any kind, except office space for the PIF or FITD, and development-infrastructure projects), and accept no more than 500 foreign investors applying for citizenship. The FITD must give prior consent to the PIF Programme. The minimum two-year holding period is stated in the consolidated Law and Decree text ('invested capital in a period of at least two years'). This is the primary route. Citizenships have been granted under the special-economic-interest provision (one in 2023 and two in 2024). This is a redeemable fund subscription, not a donation.
Direct investment of at least EUR 400,000 per person in new business facilities, creating at least ten full-time jobs maintained for at least one year. Catering and hospitality (food and beverage) facilities and commercial and retail facilities are expressly excluded. This is the job-creation and direct-investment economic-interest pathway under the Government Decree, distinct from the EUR 200,000 fund route. There is no real-estate-only variant; the facilities must be operating businesses with the ten-job payroll.
Approximately 127 visa-free or visa-on-arrival destinations. The core strategic value is full Schengen visa-free access plus EU candidate-country status; the United Kingdom, the United States and Canada all require visas.
Article 11 of the Law on Citizenship of the Republic of Macedonia (originally Official Gazette of the Republic of Macedonia No. 67/1992, published 3 November 1992, as subsequently amended; the economic-interest investment specifics were added by the consolidating amendments in Official Gazette of the Republic of North Macedonia Nos. 174/2021 and 67/2022). Article 11(1): by way of exception to Article 7, a foreigner aged 18 or over may acquire citizenship by naturalisation 'if that is of a special scientific, economic, cultural and national interest'. Article 11(2): the Government gives its prior opinion on the existence of the special interest and, by decree, determines the criteria for that special interest. Article 11(3): the spouse may also naturalise under the conditions of Article 9. The two investment thresholds (EUR 200,000 into a private investment fund held for at least two years, or EUR 400,000 direct investment creating ten jobs) are set by the Government Decree on the criteria for special economic interest and operationalised through FITD Guidelines, rather than by the bare text of Article 11. The governing instrument is Article 11 of the 1992 Law (as amended by Official Gazette Nos. 174/2021 and 67/2022) together with the implementing Government Decree. · Administered by The Ministry of Interior (Ministry of Internal Affairs) of the Republic of North Macedonia grants citizenship; the Fund for Innovation and Technology Development (FITD/FITR) determines the existence of the 'special economic interest'; the Government of the Republic of North Macedonia gives the prior opinion on special interest (Article 11(2)) and sets the implementing criteria by decree. The programme is presented on the official government portal mkcitizenship.gov.mk..
Documents marked “held by AT20” are mirrored on our own servers from the official source, so the reference is always available.
A private assessment maps this programme to your family, capital and timeline — and we coordinate the whole matter through admitted local counsel.
This briefing is general guidance, not legal, tax or immigration advice. Figures are indicative and verified to 2026; final positions, eligibility and timelines are confirmed in writing by licensed counsel on engagement. AT20 Capital coordinates the engagement and facilitates applications through admitted local counsel; it is not a law firm. Final eligibility, thresholds and timelines are confirmed in writing by licensed counsel before any commitment.