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The Republic of North Macedonia is located in the center of the Balkan Peninsula and was formed as a result of the collapse of Yugoslavia. Macedonia partakes its boundaries with such countries as Greece (in the south), Albania (in the west), Serbia (in the north), Bulgaria (in the east). The area of ​​the country is 25.713 km2. The capital is the city of Skopje.

Macedonia is home to about 2 million people. About 64% of them are Macedonians, 25% are Albanians. The inhabitants of Macedonia are predominantly Orthodox Christians. Also professed Catholicism, Islam, Protestantism.

The official language is Macedonian. Albanian has the status of the second official language. The monetary unit is the dinar, the rate of which is pegged to the euro.

The climate of Macedonia has signs of transition: from temperate to subtropical. The country is characterized by cold, often snowy winters and warm summers and autumn. The relief of Macedonia is frequently mountainous. The area is apportioned in half by the valley of the Vardar River. About 35% of the country is covered by forests.

Moreover, Macedonia is known for its rich culture, strategic geographic location, stable economy, and reliable member of NATO and the EU. The country is an attractive investment destination and is extremely competitive in the European market thanks to its excellent business climate, which is backed by a promising tax regime and many considerations granted by the state. Foreign and local entrepreneurs can easily create limited liability companies, limited partnerships or general partnerships, or joint-stock companies. Since the procedure for registering a company in Macedonia requires full attention, especially if you are a foreigner, it is recommended that you seek information and assistance from one of our specialists in setting up a company in Macedonia.

If you are going to register a company in Macedonia, it is worth understanding what types of enterprises a foreign investor can establish in this country.

Forms of doing business in Macedonia

Today, the Macedonian government is making efforts to make the state as appealing as possible for foreign investors. The main share of cooperation falls on the line of small and medium-sized enterprises.

Registration of a company in Macedonia is possible in the form of:

  • Individual entrepreneurship;
  • Limited Liability Companies;
  • Partnerships;
  • Open joint-stock company.

The limited liability company (LLC) is of the most interest to the investor.

Company registration in Macedonia. Features.

  • To register a company in Macedonia, it is crucial to provide three names for it and submit them for consideration to the relevant state authorities. Verification usually does not take long. As a result, the founders are informed of the reservation of one name for the company.
  • The registration form must indicate the scope of the company and outline the shareholder structure. You also need to submit data on the addresses of the founders, their types of professional activities. A candidate for a potential head of the company must be submitted.
  • The authorized capital is usually € 5,000 and must be paid at the time of registration or within 12 months from the date of registration.
  • Any person, regardless of citizenship and nationality, can become a director or shareholder of a Macedonian company.
  • Individuals and legal entities can become shareholders of the company in Macedonia.
  • The company must appoint a manager.
  • The legal address must be in the territory of Macedonia.
  • During the registration process, copies of the passports of the founders, utility bills are used.
  • You do not need to be present in Macedonia in person to open a company. It is enough to have an authorized representative who will act on your behalf based on the power of attorney received.
  • The documents required for the registration of a company in Macedonia are subject to translation by an authorized translator and notarization.
  • The registration of the company is entered into the Central Register of the Republic of Macedonia.

Once a company receives a registration certificate, shareholders can order a seal, for which a company registration certificate is provided.

 As a rule, the time required to register a company in Macedonia does not exceed one week. All procedures are often completed faster.

Taxes in Macedonia

A Macedonian company is taxed at 10%. This figure is one of the lowest among European countries. VAT in Macedonia is 18%. A Macedonian company pays a dividend tax of 10%. If certain conditions are met, a company in Macedonia may even receive a zero (0%) rate on undistributed profits.

In general, the tax climate in Macedonia is quite favorable for the development of small and medium-sized businesses, which attracts a large number of investors here.

We offer to register or buy an inexpensive company in Macedonia and start a successful international business. Company registration in Macedonia is a quick and easy procedure.

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