Company Formation in Macedonia

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 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 you 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 company formation in North Macedonia?

The following stages or steps are relevant:

• Register for tax purposes and apply for the company’s seal as soon as you receive the Certificate of Incorporation.
• 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.

How can I set up an LLC in Macedonia?

For many of those who wish to set up a company in Macedonia, the LLC is the business form of choice. Foreigners who want to set up limited liability companies or D.O.O. (Drushtvo so Ogranichena Odgovornost) need to provide the necessary information to the Trade Register and the local offices in Macedonia. EUR 5,000 or approximately MKD 308,000 represents the minimum share capital that needs to be prepared for LLC incorporation.

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. Foreign companies can set up branches in North Macedonia if the following documents are prepared and accepted by the commercial division in the chosen city:

• the registration certificate of the foreign company interested in establishing a branch;
• the agreement showing that the parent company wants to enter Macedonia through a branch;
• documents with comprehensive information about the future activities of the branch in Macedonia;
• information about the representative agent with residency in Macedonia who will act on behalf of the branch.

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.

We invite you to watch the video below about setting up a business in Macedonia:

What are virtual office services in Macedonia?

The virtual office services are a set of facilities dedicated to entrepreneurs who want to avoid opening a traditional office in Macedonia. These services are subject to low costs and foreigners can benefit from special facilities like a notable business address, mail collecting and forwarding, a local phone number, and a private one, plus a voice mailbox on request. Also, the collection of bank statements can be provided on request.

What are shelf companies in Macedonia?

Ready-made companies or shelf companies are meant to serve the business requirements of foreign investors interested in fast implementation of their activities on the Macedonian market. This is an option for those who wish to enjoy the advantages of company incorporation in Macedonia without having to go through all the registration steps.

What is a liaison office in Macedonia?

Some companies may decide to set up a liaison office before they open a company in Macedonia. The liaison office is suitable for those companies interested in first performing market research in different industries. Just like a shelf company, a liaison office is not subject to financial operations and therefore, no debts.

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