Our team specializing in company formation in Macedonia offers complete business registration services, as well as ongoing assistance for several important post-registration steps for all types of companies. Foreign and local entrepreneurs can easily set up limited liability companies, limited or general partnerships, or joint stock companies.
| Quick Facts | |
|---|---|
| Types of companies | Limited liability company Joint stock company Limited partnership General partnership Sole proprietorship |
Minimum share capital for LTD Company | EUR 5,000 |
Minimum number of shareholders for Limited Company | 1 |
| Time frame for the incorporation (approx.) | 2 weeks |
| Corporate tax rate | 10% |
| Dividend tax rate | 10% |
| VAT rate | 18%, reduced rates of 10% and 5% also apply to certain goods |
| Number of double taxation treaties (approx.) | 48 |
| Do you supply a registered address? | Yes |
| Local director required | No |
| Annual meeting required | Yes |
| Shelf company available | Yes |
| Electronic signature | Yes |
| Is accounting/annual return required? | Yes |
| Foreign-ownership allowed | Yes |
| Any tax exemptions available? | Corporate income tax exemption for companies with annual income of up to MKD 3 million |
| Tax incentives | 10 year tax holiday in certain conditions |
What types of company formation services do we offer in Macedonia?
With our help you will be able to:
- set up Macedonian companies and register them;
- prepare all documents that are necessary for registration;
- provide registered and virtual offices;
- set up corporate bank accounts;
- register your company according to tax regulations and VAT rules;
- register branches and subsidiaries;
- purchase shelf companies;
- apply for permits;
- provide nominee and representative services (when allowed by local legislation);
- handle accounting services in Macedonia;
- alter company structure and shareholder structure;
- dissolve companies.
What are the types of companies I can open in North Macedonia?
Nationals and foreigners can choose between several business forms once they decide to open a company in Macedonia. The following entities are available for incorporation:
- limited liability companies;
- joint stock companies;
- limited partnerships;
- general partnerships;
- sole proprietorships.
What are the steps for setting up a company in North Macedonia?
The following stages or steps are relevant:
- Appoint a representative for your company, with residency in Macedonia.
- Prepare the Articles of Association and the Memorandum of Association with complete details about the owners, the business address, the company’s activities, etc.
- Fill out the forms imposed by the Central Registry of the Republic of Macedonia.
- Open a bank account for depositing the minimum share capital and for future financial operations.
- Apply for licenses and permits to start your operations in Macedonia properly.
- Register for tax purposes and apply for the company’s seal as soon as you receive the Certificate of Incorporation.
What are the costs of company formation in Macedonia?
- Company formation (LLC): EUR 700;
- Bank account opening EUR 300;
- Lease agreement procedure: EUR 500 (its necessary for headquarter of the company);
- Procedure before the Employment Agency per person: EUR 300;
- Registration of direct investment for non-resident founders: EUR 500.
Additional costs (not included in legal fees):
- Share capital: minimum EUR 5,000 (funds remain in the company’s bank account);
- Certified translations: approx. EUR 15 per page (total approx. EUR 300–400);
- Administrative fees: approx. EUR 300;
- Lease deposit: usually equal to three months’ rent (approx. EUR 900–1,500).
We invite you to watch the video below about setting up a business in Macedonia:
What is included in your service?
- Preparation of all documents for LLC incorporation;
- Filing of all documents with the Macedonian Trade Registry;
- Mediation and preparation of a lease agreement for business premises and residence.
Can I open a branch in Macedonia?
In some cases, the chosen route for company incorporation in Macedonia for a foreign legal entity will be to open a branch. You can read more about the process here.
Can I open a subsidiary in Macedonia?
Yes, a subsidiary can be opened by companies from abroad who are interested in this type of independent legal entity. This is normally operating under the limited liability company which can be set up for a minimum share capital of EUR 5,000.
Do foreign investors need to be in Macedonia for company registration?
No, foreign entrepreneurs do not need to travel to Macedonia for a company formation at the Central Registry of the Republic of Macedonia. You may get in touch with our consultants who can act on behalf of your future company, with a power of attorney.
What are the key benefits of establishing a business in North Macedonia?
Some of the key advantages offered by North Macedonia include:
- corporate tax rate of 10%;
- personal tax rate of 10%;
- fast and easy business registration process;
- 100 percent foreign equity allowed in most industries;
- good location and easy access to European markets;
- presence of double tax treaties;
- lower business costs.
Frequently asked questions
Among the main documents of a company in Macedonia, we mention the Articles of Association and the Memorandum. We remind that our team can prepare and draft these documents to the Central Registry of the Republic of Macedonia.
Yes, special licenses and permits are necessary for your operations in Macedonia, as stipulated by the Company Act and the type of activities one can establish in this state.
The corporate tax, the income tax, the VAT, real property tax, and the transfer tax are among the important taxes you need to consider at the time of company registration in Macedonia.
For a better understanding of how companies can be registered in Macedonia, please feel free to contact our team of company formation representatives in Macedonia.