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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

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

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Skopje, North Macedonia

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