Foreign companies and foreign citizens can directly own construction land in Macedonia. If the foreign company registers a local company according to Macedonian law, it can acquire land with full ownership rights similar to a domestic company.
The State Authority for Geodetic Works maintains authoritative data regarding land ownership. The State Authority for Geodetic Works (www.katastar.gov.mk) is an independent body in charge of conducting geodetic works and registering real estate rights. It operates through regional offices located in 29 cities throughout the country and the head office in Skopje. The registration of real estate rights in the real estate cadastre is compulsory and is done ex officio or at the request of the client.
The Ministry of Transport and Communications can grant concessions to land of general concern to the state following a public bidding process. The Ministry of Economy of Macedonia regulates concessions over exploration of national mineral and geological resources, for more information please consult their website which contains practical information: www.economy.gov.mk.
Right to Long – term Lease
The right to long – term lease of construction land may be established to the benefit of domestic and foreign private individuals and legal entities. The construction land is leased for a maximum period of 99 years through a public bidding process.