North Macedonia has become a good home for entrepreneurs and investors as it is where potential opportunities arise within the Balkan region. Due to an attractive geographical location, its appropriate business climate, even some governmental incentives, the country has a set of various visas which are envisaged to the individuals seeking to set up or expand their business endeavors. This blog presents an analysis of the investor and entrepreneur visa programs in North Macedonia in 2024, focusing on the chance for those interested in being businesspersons to explore.
The Investor Visa programmer in North Macedonia is aimed at bringing investments by foreign nationals, wherein the only pre-eligibility requirement is to invest in the country in the form of employment generation, capital investment, and business expansion.
- Investment Requirement: From 2024, R 400,000 is minimal investment barrier for the Investor Visa. From the above description, it is evident that this investment can be made across various sectors including manufacturing, tourism, technology, and infrastructure.
- Job Creation: The investment project must also provide specific jobs for local residents by requiring the applicants to ensure that a minimum number of jobs are created for them. However, the figures are not the same for every investment and the number of jobs created depends on the size and type of investment that is put in place.
- Business Plan: In order for a foreign individual to be granted an Investor Visa, a detailed business development plan of the investment project, and its economic impact and development possibilities are a must.
- Financial Stability: The current applicants would show their level of financial stability and capacity to finance the investment project without absolute dependence on the borrowed money.
- Background Check: Background checks are also conducted to eliminate illegal actors and guarantee that people line up to the standards of the state security.
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