Property ownership in North Macedonia
Your name on the title deed in North Macedonia
We will provide you with the complete guide on property ownership by foreign citizens or legal entities in North Macedonia
Every country governs real estate transactions through its own individual laws and regulations. These laws vary from one to other country and can be complicated, lengthy, and often amended through legislation. Generally, these laws govern the sale, purchase, possession, and use of real estate. As such, they affect homeowners, owners of office space, real estate agents, landlords, tenants, buyers, and sellers. Any real estate contract, transaction, or dispute may be subject to myriad state and local laws, requirements, or regulations.
Real estate laws are often too lengthy, diverse, and complex to understand. That is why taking your real estate matter to a Lalicic &Boskoski Law Office from Skopje, North Macedonia will simplify your real estate transaction.
The qualified legal advise that we will provide you with, will save the time and finances for you and your company. In addition, our experience acquired through consulting various clients shall allow you to make a correct and quick decision regarding your personal or business interests.
What is usualy done in this kind of transactions is we first:
1) Check your ability to purchase a property in North Macedonia, concerning your citizenship and/or other factors;
2) Check the facts related to the property and perform a real estate due deligence
3) Negotiate and/or draft the agreement
4) Perform all formalities related to signing the agreement
5) Perform all administrative actions related to taxation and/or notarization of the agreement
Contact us here as we can help you protect your property ownership rights
More on the property ownership by foreign citizens or legal entities
Ownership of unmovable property by foreign citizens in North Macedonia
In accordance to the Law on ownership and other real rights, the Foreign natural persons and legal entities, residents of the member states of the European Union and OECD may acquire the right of ownership of an apartment, residential building, and business premises in the territory of the Republic of North Macedonia in the same manner as the citizens of the Republic of North Macedonia.
Foreign natural persons and legal entities, residents of the non-member states of the European Union and OECD may acquire the right of ownership of an apartment, residential building, and business premises in the territory of the Republic of North Macedonia in the same manner as the citizens of the Republic of North Macedonia, under the same conditions of reciprocity.
Land ownership by foreign citizens in North Macedonia
When it comes to land ownership, the law stipulates that Foreign natural persons and legal entities, residents of the member states of the European Union and OECD may acquire the right of ownership and the right to a long-term lease of construction land in the territory of the Republic of North Macedonia in the same manner as domestic legal entities and natural persons, citizens of the Republic of North Macedonia.
Foreign natural persons and legal entities, residents of non-member states of the European Union and OECD may acquire the right of ownership and the right to a long-term lease of construction land in the territory of the Republic of North Macedonia under the conditions of reciprocity.
More specifically, when it comes to the acquisition of real rights over agricultural land the law states that the foreign natural persons and legal entities cannot acquire the right of ownership of agricultural land in the territory of the Republic of North Macedonia.
Foreign natural persons and legal entities may, under the conditions of reciprocity, acquire the right to a long-term lease of agricultural land in the territory of the Republic of North Macedonia, on the basis of a consent of the minister of justice, upon previously acquired opinion of the minister of agriculture, forestry and water resource management and the minister of finance.
The existence of reciprocity foreseen shall be determined by the minister of justice, under the conditions and in the procedure determined by law.
Upcoming changes
We should also note that in June 2019, on the official government’s website regarding the upcoming changes of the law, it was stated that most of the above provisions will be changed. The changes provide will provide a more liberal approach to the ownership of foreign citizens. Notably, the provisions change the “and” into the EU and OECD, into “or”.
If you want to check property info including the current ownership, feel free to use the Agency for Real Estate Cadastre website
Get in touch
+ 389 2 609 0218
+ 389 78 884 304 (Viber, WhatsApp)
str. Makedonija no. 11/1-5,
Skopje, North Macedonia
Visit our office
str. Makedonija no. 11/1-5, Skopje, North Macedonia
Send us an email
contact@lblaw.com.mk
(but stay online, we try to get back to you in 15 minutes if the email is sent convenient hours)
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+ 389 2 609 0218
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Text us or Call on
+ 389 78 884 304
Regular, Viber, WhatsApp, Skype
Office
str. Makedonija no. 11/2-5
Skopje, Macedonia
Contact Us
contact@lblaw.com.mk
+ 389 2 609 0218