Personal work permit Residencies Plan of Macedonia (Europe)
Personal work permit
You will have to file a detailed business plan on your project and prove that you have substantial financial means to support yourself during your stay in the country.
The permit is usually valid for 1 year. However, depending on the time requested in the application, the business project and the applicant's net worth level, they may be issued for up to 3 years or even for an unlimited period of time.
Permits are extendable provided that you are conducting an economic activity and have achieved an acceptable income level. You also must have resided in Macedonia for at least a quarter of the period for which the permit was issued.
Once you get the temporary residence and the personal work permit, your dependents may apply for a temporary residence permit for family reunification. Dependents include a spouse, minor children, first-degree relatives in the direct ascending line, children of legal age who are unable to take care of their needs due to health reasons, as well as parents of a minor if it is to the best interest of the child.
Once you have resided in the country with a Temporary Residence Permit for 5 years or more, you may be eligible for permanent residency, as long as you have not been absent for a continuous period of 6 months or for a discontinuous period of 10 months.
After continuously residing in Macedonia for eight years you may qualify for citizenship. To become a citizen, you may be required to have Macedonian language skills, and knowledge of the country’s history, values and culture.
- Application must contain data, documents, and evidence of the type of activity to be performed, the place and period of activity, qualifications (speciality) including a business plan for the activity with evidence of investment and economic benefits for the country, the number of new jobs, as well as funds available to conduct the activity.
- Proof of financial means to live in Macedonia.
- Clean criminal record and not to be subject of a criminal investigation.
- Comprehensive health insurance.
- Macedonian company registration details issued by the Central Registry.
No nationality is officially restricted
Dual citizenship is recognized in Macedonia. You are not required to renounce your previous nationality to become a citizen of Macedonia.
- Certified copy of Business License or Incorporation documents (if applicable)
- Business Plan
- Original Police Clearance Certificate
- Evidence of Health Insurance
- Original and photocopy of passport
- One passport-size photo
- Proof of income
- Proof of net wealth
- dual citizenship Yes
- Family members included Yes
- land ownership Yes
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single -
- Investment Family 4 -
- Minimum annual income -
- Time to citizenship 96
- Time to permanent residency 60
- Visa-free countries 110
- Financing available No
The Republic of Macedonia, also known as the Former Yugoslav Republic of Macedonia, is a landlocked country, located on the Balkan peninsula in southeastern Europe. It has borders to the north with Serbia and Kosovo, to the east with Bulgaria, to the south with Greece and to the west with Albania. Macedonia is an official candidate for access to the European Union. It is inhabited by 2 million people, 660,000 of which live in its capital, Skopje. Its official and most spoken language is Macedonian. Its legal tender currency is the Macedonian Denar, which has an almost-fixed exchange rate with the Euro, at a 61:1 ratio.
- National Flag of:Macedonia
- Area Code:389
- Native Languages:Macedonian, Albanian, Turkish, , Serbian
With your new passport from Macedonia you'll be able to access 110 countries visa freecitizenship benefits Visa-free or Visa on arrival to 110 countries including Schengen Area Japan Singapore The right to live and work in Macedonia at all times Low cost citizenship permanent residency benefits The right to live and work in Macedonia without any time limit Be eventually eligible for citizenship temporary residency benefits Set up a profitable business Low tax jurisdiction Business-friendly policies Low cost of living Be eventually eligible for permanent residency
Tax residents are those who have a permanent abode in Macedonia or stay more than 183 days per year within the country. Residents are taxed on their worldwide income, while non-residents are subject to tax on their Macedonian-source income.
Personal income is taxed at a flat rate of 10%.
Investment income such as dividends, interests and rental income are usually treated as ordinary income and subject to standard tax rates. However, interests from time savings deposits and derived from government bonds and other public loans may be tax-exempt.
Capital gains are subject to a 10% tax on the 70% net gains, with an effective tax rate of 7%.
Macedonia does not have controlled foreign company (CFC) rules, so residents may retain profits on their foreign companies free from Macedonian taxes.
Municipalities levy a 0.10-0.20% tax on real property and its transfer is taxed at a rate that ranges from 2% to 4%.
There is an inheritance tax, between 2% and 4%, depending on the degree of succession. There are no taxes on an individual’s net wealth.
The V.A.T. standard rate is 18%. A reduced rate of 5% applies to certain products.
Referring to corporate taxation, Macedonian resident companies are taxed on their worldwide income at a 10% tax rate. Capital gains are taxed as ordinary income, and distribution of dividends between resident companies are tax-exempt. Payments to non-residents on dividends, interests and royalties are subject to a withholding tax of 10%.
To learn more about Macedonian corporate taxation, legal framework and tax treaties check out incorporations.io/macedonia.
|Net worth tax
|Tax residency days
|Personal income tax rate
|Capital Gains tax rate
|Investment income tax rate
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