Investments by non-residents in real estate in the Republic of North Macedonia, as well as residents in real estate abroad are recorded in accordance with the Law on Foreign Exchange Operations. All residents who have acquired real estate abroad and non-residents who have acquired real estate in the Republic of North Macedonia, are obliged to report real all estate investments. All subsequent modifications to these investments are also subject to such obligation for registration.
Real estate investments mean investing real estate funds through a purchase contract, or acquiring real estate rights through inheritance, gift, and similarly type situations.
In the following cases, the authorized bank may not execute the payment order without confirmation from the Register of Real Estate Investments:
At the request of the applicant and upon payment of an appropriate compensation, the case may be prepared by an expedited procedure which shortens the waiting time interval, i.e. prioritizing the case over other cases.