North Macedonia Offers 10% Bonus on Self-Employment Grants to Attract Young Emigrants Back
The government of North Macedonia is introducing a new incentive to encourage young emigrants to return to the country and start their own businesses. This initiative will provide a 10% bonus on top of the standard self-employment grants for those who choose to relocate back home. The announcement was made during a promotion of government measures in Kichevo. This policy aims to reverse the trend of youth emigration by offering financial support and opportunities for entrepreneurship. The self-employment grants are designed to help individuals establish new businesses, thereby contributing to the local economy. The additional bonus specifically targets young people who have previously left the country, signaling a desire to reintegrate this demographic and leverage their skills and experiences. Further details on the application process and eligibility criteria are expected to be released.
This policy aims to address the persistent issue of brain drain by offering financial incentives for returning emigrants. By providing a bonus on self-employment grants, the government seeks to stimulate entrepreneurship and economic activity among a demographic that has sought opportunities abroad. The effectiveness of this measure will depend on whether the grant amount and bonus are sufficient to offset the perceived economic and social advantages of living elsewhere, and whether the broader business environment in North Macedonia is conducive to startup success. Future policy evaluations should consider the long-term impact on emigration rates and the sustainability of newly formed businesses.
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