Citizenship by Investment

North Macedonia

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 routes

How you qualify.

Fund

EUR 200,000
hold 24 months

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.

Business

EUR 400,000
hold 12 months

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.

What the passport grants

Global mobility.

~127 visa-free / visa-on-arrival destinations
Schengen
Visa-free to the full Schengen Area for up to 90 days in any 180-day period: North Macedonian biometric passport holders have held EU and Schengen short-stay visa-free access since 19 December 2009 under EU Regulation (EC) No 1244/2009. ETIAS pre-authorisation will apply once live.
United Kingdom
Visa required for North Macedonian citizens to enter the United Kingdom (no visa-free short-stay access).
United States
Visa required (North Macedonia is not in the US Visa Waiver Program); no E-2 treaty-investor access.
Canada
Visa required (no visa-free or eTA access for North Macedonian citizens).

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.

Eligibility & process

What's involved.

Family inclusion
Spouse: under Article 11(3) (read with Article 9) the marital partner of the qualifying investor may also acquire citizenship by naturalisation; the spouse is generally granted after a delay rather than simultaneously. Minor children: under Article 12 of the Law, a child under 18 of a parent naturalised by Article 11 acquires citizenship together with the parent (subject to the standard parental-consent conditions), and dependent minors are included in the application with separate government fees (EUR 10,000 per child under 18). The North Macedonia family scope is narrow: investor, spouse and minor children. Parents, grandparents and adult siblings of the main applicant are not codified as eligible and should be treated as not available unless the Ministry of Interior confirms otherwise in writing.
Due diligence
Multi-body vetting applies: the application for citizenship is filed with the Ministry of Interior (MoI), which runs a dedicated processing team; the MoI requests the Fund for Innovation and Technology Development (FITD) to determine the existence of the special economic interest on the basis of the PIF Programme, realisation reports, Central Registry and SEC registration certificates, share-ownership confirmation and commercial-bank confirmation of the investment. The applicant must satisfy Article 7(1)(8) (admission must not endanger national security or defence). The Government gives an opinion on the existence of special interest (Article 11(3)). Source-of-funds evidence, a clean criminal record, a valid passport, health insurance, a curriculum vitae and proof of financial standing are required. Certain nationalities are restricted; the current due-diligence and restricted-nationality position is confirmed with the MoI and FITD.
Timeline
No statutory fast-track timeline is set in the primary law; the Ministry of Interior states that a dedicated team handles these applications for speedy processing, with due diligence typically running two to five months and overall processing ranging from a few months to twelve months or more. The programme is low-volume: per the European Commission's 8th Visa Suspension Mechanism report (19 December 2025), one citizenship was granted under the special-economic-interest provision in 2023 and two in 2024. Timelines are confirmed directly with the MoI and FITD for each engagement.
Physical presence
No minimum residence, no physical-presence or stay requirement, no biometric-residency obligation and no Macedonian-language test apply to the Article 11 special-economic-interest route: Article 11 operates 'by way of exception to Article 7', waiving the standard naturalisation conditions except age (18 or over) and the national-security check. Biometric data is captured for the passport itself, as North Macedonia issues ICAO-compliant biometric passports, but no physical-presence requirement is imposed on the applicant. Dual citizenship is permitted, so no renunciation of existing citizenship is required.
Tax
North Macedonia levies a flat 10% personal income tax and 10% corporate income tax, with an 18% standard VAT rate. Technological-Industrial Development Zones offer up to ten-year tax holidays on corporate profit, employment income, VAT and customs duties. Acquiring citizenship does not by itself create Macedonian tax residency, which is generally driven by domicile or 183-day presence; clients should assess home-country tax exposure with counsel. Investment-fund and direct-investment income is taxed locally per the relevant regime.
Key provisions
  • Discretionary naturalisation under Article 11 of the Law on Citizenship, for 'special scientific, economic, cultural and national interest'.
  • Article 11 waives the standard naturalisation tests except age 18 or over (Art. 7(1)(1)) and the national-security check (Art. 7(1)(8)): no eight-year residence, no language test, no renunciation of existing citizenship.
  • Two economic-interest routes set by Government Decree: EUR 200,000 into a licensed private investment fund, or EUR 400,000 direct investment in new facilities creating ten or more full-time jobs for at least one year (hospitality, food and beverage, and retail excluded).
  • Private investment fund (PIF) conditions: minimum EUR 5,000,000 fund capital, maximum 20 investors, no real-estate investment except office space, maximum 500 foreign citizenship-seeking investors; FITD must approve the PIF Programme.
  • The Fund for Innovation and Technology Development (FITD/FITR) determines the special economic interest; the Ministry of Interior grants citizenship; the Government gives the opinion and issues the Decree.
  • Spouse may naturalise under Article 11(3) via Article 9; minor children are included per the Decree (EUR 10,000 per child under 18).
  • Dual citizenship permitted; the passport gives full Schengen visa-free access (approximately 127 destinations).
  • The programme launched in December 2019 and was relaunched in 2021; it is low-volume and under EU accession scrutiny over investor-citizenship schemes. Live status is confirmed before use.
Documents you'll provide
  • Application for admission to citizenship filed with the Ministry of Interior, with documentation defined by the Ministry
  • Valid passport(s) for the main applicant and each dependant
  • Birth certificate(s); marriage certificate (and divorce decrees) where applicable
  • Police clearance / clean criminal record certificate
  • Detailed curriculum vitae (CV)
  • Proof of financial standing and source of funds
  • Health insurance
  • Evidence of the qualifying investment; for the fund route: signed prospectus and share-redemption or share-ownership documents from a government-approved (FITD-consented) private investment fund, plus commercial-bank confirmation of the registration and investment
  • For FITD assessment: PIF Programme, PIF realisation and investment report issued by the PFMC, Central Registry certificate of the PFMC, SEC fund-registry certificate of the PIF
  • For the EUR 400,000 route: evidence of the direct investment in new facilities and proof of at least ten full-time jobs maintained for at least one year
  • Passport-style photographs and any further supporting documents required by the Ministry of Interior
Legal basis & source documents

The governing law — in our library.

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..

Law on Citizenship of the Republic of Macedonia, consolidated text (Official Gazette No. 67/1992 as amended; governing Article 11 special-economic-interest naturalisation). OSCE/ODIHR Legislationline English translation.
Law · official source
Law on Citizenship of the Republic of North Macedonia, consolidated text with Amendment 67/22 (incorporating Official Gazette RSM Nos. 174/21 and 67/22; English). GLOBALCIT / Refworld official-translation repository.
Law · held by AT20
Government Decree on the criteria for special scientific, economic, cultural, sports and other national interest for acquiring citizenship (Article 11(2) implementing Decree, with the EUR 200,000 fund and EUR 400,000 plus ten-jobs thresholds). Published in the Official Gazette (Sluzben vesnik) of the Republic of North Macedonia.
Regulation · official source
Guidelines for implementing the procedure for determining the existence of particular economic interest for acquiring citizenship of the Republic of North Macedonia (FITD programme guidelines).
Guideline · official source
Programme roadmap and application process (five-step PFMC to PIF to FITD to Ministry of Interior procedure).
Guideline · official source
Official programme overview page (About the Program, investment amounts, approved private investment funds, contact) on the Ministry and Government citizenship-investment portal.
Guideline · official source
Law on Investment Funds of the Republic of North Macedonia (governs PFMC licensing and private investment fund (PIF) registration with the SEC; underpins the EUR 200,000 fund route). Consolidated text from the Securities and Exchange Commission of RSM.
Law · held by AT20
Government and Ministry of Interior fee schedule for citizenship by investment (government fees: EUR 20,000 main applicant, EUR 20,000 spouse, EUR 10,000 per child under 18). Official fee tariff from the Ministry of Interior and Official Gazette.
Fee Schedule · held by AT20

Documents marked “held by AT20” are mirrored on our own servers from the official source, so the reference is always available.

Official sources
Official North Macedonia Citizenship by Investment Program portal — About the Program, investment amounts, FITD role, five-step roadmap, approved fundsNorth Macedonia Citizenship by Investment portal — Guidelines for determining particular economic interestNorth Macedonia Citizenship by Investment portal — Roadmap and application processLaw on Citizenship of the Republic of Macedonia, consolidated text — OSCE/ODIHR Legislationline (Articles 7, 9 and 11 full text; Official Gazette amendment list 67/92, 8/04, 98/08, 158/11)Law on Citizenship of the Republic of North Macedonia (consolidated text with Amendment 67/22) — Refworld legal record citing Official Gazette RSM Nos. 174/21 and 67/22Official Gazette (Sluzben vesnik) of the Republic of North Macedonia — primary legislative publisher (Government Decree on special-interest criteria)Ministry of Interior (Ministry of Internal Affairs) of the Republic of North Macedonia — citizenship-granting authorityFund for Innovation and Technology Development (FITD/FITR) — determines special economic interest and approves PIF programmesSecurities and Exchange Commission of the Republic of North Macedonia — registers private investment funds (PIF) and licenses PFMCsEUR-Lex — Regulation (EC) No 1244/2009 (Schengen short-stay visa waiver for North Macedonia, in force 19 December 2009)Law on Citizenship of the Republic of Macedonia — official-translation text (Articles 7, 9, 11 and 12), Official Gazette 67/1992 base; GLOBALCIT (EUI) repositoryLaw on Citizenship of the Republic of North Macedonia — consolidated text with Amendment 67/22 (incorporating Official Gazette RSM Nos. 174/21 and 67/22); Refworld (UNHCR) legal recordEuropean Commission — 8th Report Under The Visa Suspension Mechanism, COM(2025) 792 final, Brussels 19 December 2025 (one citizenship granted in 2023, two in 2024)European Commission — North Macedonia 2024 Enlargement Report (30 October 2024), notes on the special-economic-interest citizenship provisionCouncil of the EU — Vanuatu: Council ends visa exemption (full suspension, decision 12 December 2024; Vanuatu removed from Annex II to Regulation (EU) 2018/1806)Council of the EU — Vanuatu: Council partially suspends visa waiver agreement due to risks posed by golden-passport schemes (partial suspension, 3 March 2022)EUR-Lex — Commission Delegated Regulation (EU) 2024/2059 (extension of temporary suspension of the visa exemption for nationals of Vanuatu, applied 4 August 2024 to 3 February 2025)

Take the North Macedonia route with certainty.

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.