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
“Every day Americans need a champion, and I want to be that champion, so you can do more than just get by,” Clinton said.
Defense team say he took part in the bombing, but argue that his elder brother, Tamerlan, was the mastermind of the attack.
The framework is contingent on reaching an agreement by June 30. All sanctions on Iran remain in place until a final deal.
French police say the search for passenger remains and debris on the mountain slopes could take another two weeks.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.