Macedonia to offer citizenship to foreign investors

Macedonia to offer citizenship to foreign investors

PanARMENIAN.Net - Macedonia will offer citizenship to foreigners who invest more than 400,000 euros (about $515,000) in the country’s economy, and hire at least ten workers, RIA Novosti reported citing the Macedonian government’s press service.

The move is intended to help ease residency requirements for foreign investors who buy real estate in Macedonia or invest elsewhere in the economy. It would exclude, however, investors in the hotel and trade sectors.

Currently, foreign owners of Macedonian real estate can remain in the country with a tourist visa for just three consecutive months, and no more than six months in any one year.

The new rules will also allow EU citizens or members of the Organization for Economic Cooperation and Development (OECD) who invest at least 40,000 euros (about $51,500) to stay the country for up to a year.

 Top stories
He had long been in poor health, suffering from heart and respiratory problems, high blood pressure and diabetes.
"I am hearing that our enemies want to drag Iran into war ... Our answer to any military action will be very tough", Khamenei said.
Tsarnaev is likely to be moved to a federal prison in Terre Haute, Indiana, to await execution, but there could be years of appeals.
The measures are also expected to introduce banning orders for extremist organizations who use hate speech in public places.
Partner news