North Macedonia - residency by company formation
NORTH MACEDONIA – mountainous country, located in the heart of the Balkans. Rich in history and also in cultural heritage, it is a country well worth visiting. It still preserves untouched nature and offers beautiful views from the mountain tops. It strives to attract as much investment as possible, and as such provides favorable laws for foreigners who want to live in it.
Residency by company formation - North Macedonia
After forming LLC, as a director/shareholder you are allowed to apply for residency by company formation and on that basis, become a resident of North Macedonia.
Nationals from certain countries can freely enter North Macedonia for short stays of up to 90 days in a period of 6 months, and for that visa is not required.
However, when it comes to stays that are longer than 180 days per year, everyone, regardless of nationality, has to obtain a North Macedonian residence permit.
North Macedonian Temporary Residence Permit is the document, issued to non-citizens who wish to have the opportunity to immigrate, live and work in North Macedonia during the entire time of the document validity, which is issued for 12 months.
Opening a company and applying for residency
In order to apply for residency, first you must appoint yourself as a director of a company and with our help open a corporate bank account. With the Power of Attorney this part of process can be done remotely. After that you should submit documentation for residency. It takes couple of days and in that period of time you must be present when applying.
This is the process shortly described in which we will help you
- Preparation and notarization of documents
- Assistance when opening personal and corporate bank account
- Company registration in the Business Registry Agency,
- Assistance in filing for special Statement on balance on the personal account for the purposes of residency permit
- Assistance in the procedure of acquiring residence permit
- Our presence and assistance when residency permit is granted
Upon approval, you’ll receive your temporary residency permit. This grants you the ability to live abroad in North Macedonia for up to one year.
A temporary residence permit may be renewed annually if there are legal grounds for this if not, you can not renew it next year.Keep in mind that you need to maintain a company after forming it, and the cost of that is about 300 euros per month.
Documents that are required
– Business registry extract
– Bank statement for corporate bank account
– Prof of funds on personal account (bank statement)
– Health insurance
– White card
– Lease agreement
– Office address agreement
– Passport copy
– Short biography and business plan
Balkan Advisor will assist you through the entire process and help you apply for residency permit in North Macedonia.
Feel free to contact us for more information, it would be our pleasure to help you.
It is highly recommended that you have your company opened during the whole period of residency.
It takes only a couple of days.
Yes you can, but only after fifth year of having temporary residency you can apply for permanent residency.
Due to high expertise and organization of work, such a thing rarely happens.
No. It is only necessary to maintain company during the residency period.
Our principles of work
Information handling requires a responsible approach, so we always inform you in advance about the upcoming steps and documentation that is required, so you can plan your schedule and enjoy your time.
After the job is done, we don’t turn our backs on you and we don’t charge premium for further consultations.
Even for everyday challenges you stumble on in North Macedonia you can always ask us for advice and we will be happy to assist.
Wish you luck and achievement of future plans! See you in Macedonia!