Best Golden Visa Lawyers in North Macedonia

About Golden Visa Law in North Macedonia:

Golden Visa in North Macedonia is a legal program that allows foreign investors and their families to obtain residency in the country by investing in certain sectors of the economy. This program is designed to attract foreign investment and stimulate economic growth in North Macedonia.

Why You May Need a Lawyer:

You may need a lawyer for Golden Visa in North Macedonia to help you navigate the complex legal requirements, ensure that your investment meets the necessary criteria, and guide you through the application process. A lawyer can also provide legal advice on any potential issues that may arise during your residency in North Macedonia.

Local Laws Overview:

In North Macedonia, the Golden Visa program is governed by the Law on Foreigners, which outlines the requirements and procedures for obtaining residency through investment. Foreign investors must invest a certain amount of capital in specific sectors, such as real estate, tourism, or agriculture, to qualify for the Golden Visa program.

Frequently Asked Questions:

1. What is the minimum investment required for Golden Visa in North Macedonia?

The minimum investment required for Golden Visa in North Macedonia is €200,000 in the real estate sector, or €400,000 in other approved sectors such as tourism or agriculture.

2. How long does it take to obtain a Golden Visa in North Macedonia?

The processing time for a Golden Visa in North Macedonia can vary, but it typically takes around 2-3 months from the time of application submission.

3. Can my family members also obtain residency through the Golden Visa program?

Yes, your spouse and dependent children can also obtain residency in North Macedonia through the Golden Visa program.

4. Do I need to physically reside in North Macedonia to maintain my Golden Visa status?

No, you are not required to physically reside in North Macedonia to maintain your Golden Visa status, but you must visit the country at least once a year.

5. Can I apply for permanent residency or citizenship through the Golden Visa program?

Yes, after holding a Golden Visa for five years, you may be eligible to apply for permanent residency or citizenship in North Macedonia.

6. What are the key benefits of obtaining a Golden Visa in North Macedonia?

Some key benefits of obtaining a Golden Visa in North Macedonia include visa-free travel within the Schengen Area, access to healthcare and education services, and the ability to live and work in North Macedonia.

7. Are there any restrictions on the type of investment that qualifies for Golden Visa in North Macedonia?

Investments in sectors such as arms, ammunition, and tobacco do not qualify for the Golden Visa program in North Macedonia.

8. Can I invest in multiple sectors to meet the minimum investment requirement for Golden Visa in North Macedonia?

Yes, you can invest in multiple approved sectors to meet the minimum investment requirement for the Golden Visa program in North Macedonia.

9. What are the tax implications of obtaining a Golden Visa in North Macedonia?

As a Golden Visa holder in North Macedonia, you may be subject to certain tax obligations on your investment income. It is recommended to consult with a tax advisor to understand the tax implications.

10. Can I transfer my Golden Visa to another person or sell my investment in North Macedonia?

Golden Visa in North Macedonia is tied to the initial investor, so you cannot transfer it to another person or sell your investment without affecting your residency status. It is important to seek legal advice before making any changes to your investment.

Additional Resources:

If you need legal advice or assistance with the Golden Visa program in North Macedonia, you can contact the Ministry of Interior or seek guidance from a local law firm specializing in immigration and residency matters.

Next Steps:

If you require legal assistance with the Golden Visa program in North Macedonia, it is recommended to schedule a consultation with a qualified lawyer who can provide personalized advice and guidance based on your specific circumstances.