Having a business in Macedonia as a foreign investor means taking advantage of a series of benefits, among which the highly qualified labor force available on the market. Moreover, those who want to set up a company in Macedonia can access varied tax benefits if they decide on the Macedonian workforce. If you would like to know more about this subject and if you intend to start a business in Macedonia, we invite you to get in touch with our team of company formation agents in Macedonia.
The educational system in Macedonia
Young people in Macedonia can attend to prestigious colleges whether private or public and recognized on an international level. Moreover, there are many governmental programmes directed to foreign entrepreneurs willing to hire local staff through varied training and learning projects, with a complete focus on sustaining the foreign investors in Macedonia. Here are a few attributes of the workforce in Macedonia you might want to consider at the time of business formation:
- • at least 5% of the country’s GDP is directed to the education in Macedonia;
- • more than 80% of high school graduates in Macedonia attend important colleges;
- • approximately 45% of the Macedonian population is under 30 of age and a significant part of the labor force;
- • in Macedonia, the minimum monthly gross salary is set at approximately EUR 547.
What do you need to know about the labor legislation in Macedonia?
The Labor Law in Macedonia respects the EU directives in matters of workforce and the rights and the responsibilities of workers in this country, regardless of their nationality. The collective contracts in Macedonia are controlling the employment rights meaning that both parties, the employer and employee are involved.
Foreign workers in Macedonia
It is good to know that besides this set of laws, the Law on Establishment of Employment Relations with Foreign Persons oversees the rules of hiring foreign staff in Macedonia. As a general condition for foreign staff working in Macedonia, the authorities will issue the necessary work permits. In this direction, you can get in touch with our company incorporation agents and find out complete details.
Why open a company in Macedonia and hire local staff?
With an excellent geographic location in Europe that offers complete access to foreign investors, a great infrastructure, a well-implemented one-stop-shop for company registration and a reliable and young workforce, Macedonia provides a reputable business climate for many years.
We invite you to benefit from complete support in company formation in Macedonia offered by our team of consultants at any time. Please feel free to contact us at any time.