{"id":142,"date":"2023-05-05T11:37:52","date_gmt":"2023-05-05T11:37:52","guid":{"rendered":"https:\/\/companyformationmacedonia.com\/?p=142"},"modified":"2023-05-05T11:37:55","modified_gmt":"2023-05-05T11:37:55","slug":"set-up-doo-company-macedonia","status":"publish","type":"post","link":"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/","title":{"rendered":"Set up a DOO"},"content":{"rendered":"\n<p>Among entities suitable for most types of activities in&nbsp;<strong>Macedonia<\/strong>, the&nbsp;<strong>limited liability company<\/strong>&nbsp;is recommended for foreigners who want to expand and make profits in this state.<strong>&nbsp;DOO (Drushtvo so Ogranichena Odgovornost)<\/strong>&nbsp;as it is known can be established in compliance with the requirements of the&nbsp;<strong>Central Registry of the Republic of Macedonia<\/strong>&nbsp;and the<strong>&nbsp;Companies Act<\/strong>. Even if the registration process is simple and less bureaucratic, it is suggested to ask our&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company formation agents in Macedonia<\/strong><\/a>&nbsp;for support and complete details in this direction.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#conditions-to-set-up-an-llc-in-macedonia-in-2021\" title=\"Conditions to set up an LLC in Macedonia in 2021\">Conditions to set up an LLC in Macedonia in 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#what-additional-information-is-necessary-for-opening-an-llc-in-macedonia\" title=\"What&nbsp;additional information is&nbsp;necessary for opening an LLC in Macedonia?\">What&nbsp;additional information is&nbsp;necessary for opening an LLC in Macedonia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#steps-in-registering-the-llc-in-macedonia-in-2021\" title=\"Steps in registering the LLC in Macedonia in 2021\">Steps in registering the LLC in Macedonia in 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#a-business-bank-account-for-a-doo-in-macedonia\" title=\"A business bank account for a DOO in Macedonia\">A business bank account for a DOO in Macedonia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#establishing-a-subsidiary-in-macedonia\" title=\"Establishing a subsidiary in Macedonia\">Establishing a subsidiary in Macedonia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#establishing-a-branch-in-macedonia\" title=\"Establishing a branch in Macedonia\">Establishing a branch in Macedonia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#purchasing-a-ready-made-company-in-macedonia\" title=\"Purchasing a ready-made company in Macedonia\">Purchasing a ready-made company in Macedonia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#what-are-the-taxes-for-llcs-in-macedonia\" title=\"What are the taxes for LLCs in Macedonia?\">What are the taxes for LLCs in Macedonia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/#economy-facts-about-macedonia\" title=\"Economy facts about Macedonia\">Economy facts about Macedonia<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conditions-to-set-up-an-llc-in-macedonia-in-2021\"><\/span><strong>Conditions to set up an LLC in Macedonia in 2021<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A&nbsp;<strong>limited liability company in Macedonia<\/strong>&nbsp;is the most common business structure for both local and foreign investors because of the simple registration, the tax advantages and the fast start of activities. One or more shareholders but not exceeding 50 can&nbsp;<strong>open LLCs in Macedonia<\/strong>&nbsp;with a minimum share capital of EUR 5,000 or about MKD 308,000. The Articles of Association and the Memorandum of Association stand at the base of an&nbsp;<strong>LLC incorporation in Macedonia<\/strong>. These documents must comprise information about:<\/p>\n\n\n\n<ul>\n<li>\u2022&nbsp; &nbsp; the name of the business and the name of the owners;<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; the appointed board of directors and the representative agent of the company;<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; the activities of the company, and details about the business address;<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; the minimum share capital and details about the capital contribution of each member.<\/li>\n<\/ul>\n\n\n\n<p>Complete information about&nbsp;<strong>how to open a DOO in Macedonia in 2021<\/strong>&nbsp;can be offered by one of our<strong>&nbsp;specialists in company formation in Macedonia<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-additional-information-is-necessary-for-opening-an-llc-in-macedonia\"><\/span><strong>What&nbsp;<\/strong><strong>additional information is<\/strong><strong>&nbsp;necessary for opening an LLC in Macedonia?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Additionally, the above-mentioned documents must contain information about the owner\u2019s liabilities and how the profits are distributed, in accordance with the shares. Please bear in mind that these must be provided to the authorities in charge in a notarized form, and as soon as the certificate of registration is issued, the company seal must be obtained.&nbsp; A bank account must be opened in order to deposit the minimum share capital. If you would like to know more about the necessary documents and forms related to a<strong>&nbsp;limited liability company&nbsp;<\/strong>and the registration procedure, you may talk to our&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/\"><strong>specialists in company incorporation in Macedonia<\/strong><\/a>.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"1200\" src=\"https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia-480x1200.png\" alt=\"main-steps-of-opening-an-llc-in-macedonia.png\" class=\"wp-image-84\" srcset=\"https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia-480x1200.png 480w, https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia-120x300.png 120w, https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia-768x1920.png 768w, https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia-614x1536.png 614w, https:\/\/companyformationmacedonia.com\/wp-content\/uploads\/2023\/05\/main-steps-of-opening-an-llc-in-macedonia.png 800w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"steps-in-registering-the-llc-in-macedonia-in-2021\"><\/span><strong>Steps in registering the LLC in Macedonia in 2021<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Having a registration process far from complex, investors can set up their companies in a fast and reliable manner with comprehensive support offered by our team of advisors. The following steps are involved in an&nbsp;<strong>LLC registration<\/strong>:<\/p>\n\n\n\n<ul>\n<li>\u2022&nbsp; &nbsp; register the business address for your company in Macedonia;<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; submit the Articles of Association and open a bank account;<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; register for VAT and other taxes in Macedonia (including social contributions);<\/li>\n\n\n\n<li>\u2022&nbsp; &nbsp; apply for company seal before commencing any business activity.<\/li>\n<\/ul>\n\n\n\n<p>It is good to know that foreigners do not need to come to&nbsp;<strong>Macedonia<\/strong>&nbsp;to<strong>&nbsp;set up an LLC<\/strong>, as our team of advisors can take care of such aspects by acting as legal representatives of your business in this country. A power of attorney is necessary in such case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"a-business-bank-account-for-a-doo-in-macedonia\"><\/span><strong>A business bank account for a DOO in Macedonia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes,&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/company-formation-services-in-kumanovo\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>companies in Macedonia<\/strong><\/a>, including&nbsp;<strong>limited liability companies<\/strong>&nbsp;require&nbsp;<strong>opening a bank account<\/strong>&nbsp;for depositing the minimum share capital of the firm. This can be a temporary bank account, or it can turn into a permanent one that will serve the company\u2019s financial operations. If you would like to know more about the conditions of&nbsp;<strong>opening a business bank account in Macedonia<\/strong>, we suggest you talk to our&nbsp;<strong>team of company formation agents in Macedonia<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"establishing-a-subsidiary-in-macedonia\"><\/span><strong>Establishing a subsidiary in Macedonia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Running a&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/establish-subsidiary-macedonia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>subsidiary in Macedonia<\/strong><\/a>&nbsp;means&nbsp;<strong>setting up a DOO<\/strong>&nbsp;and respect the general rules of such structure as imposed by the Company Act and its provisions. A subsidiary in Macedonia is an independent legal entity which can be established with a minimum shareholder of EUR 5,000 and by at least one shareholder, Just like for any kind of business form available in&nbsp;<strong>Macedonia<\/strong>, the Articles of Association are the main documents of the subsidiary that offer information about the owners, the board of managers and their responsibilities. The subsidiary can perform the same operations as the parent company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"establishing-a-branch-in-macedonia\"><\/span><strong>Establishing a branch in Macedonia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Companies from abroad interested in establishing their activities in&nbsp;<strong>Macedonia&nbsp;<\/strong>may do so by creating a branch. Just like in the case of a subsidiary, a&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/establish-a-branch-in-macedonia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>branch<\/strong><\/a>&nbsp;will be created as a limited liability company and the same minimum share capital of EUR 5,000. Besides the Articles of Association, an agreement which shows the intention of creating the branch is necessary at the time of registration, an important document which is issued by the parent company. In matters of company formation, notwithstanding of the chosen structure, we suggest you address your inquiries to our<strong>&nbsp;team of company incorporation specialists in Macedonia<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"purchasing-a-ready-made-company-in-macedonia\"><\/span><strong>Purchasing a ready-made company in Macedonia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Many business persons are interested in commencing their activities in a relatively short period of time, without waiting for the registration formalities. A&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/shelf-company-in-macedonia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ready-made company<\/strong><\/a>&nbsp;is often the suitable business decision for this type of entrepreneurs because it runs in the simple form of the DOO and it is already registered in Macedonia. The advantages of a&nbsp;<strong>shelf company<\/strong>&nbsp;involve the fast transfer of ownership, no debts, no registration formalities and the possibility of obtaining a credit from the local banks in Macedonia. The accounting history of a shelf company plus the credibility on the market will weigh in a large amount when deciding for a bank loan for your firm. We remind that if you would like to&nbsp;<strong>start a business in Macedonia&nbsp;<\/strong>and find out the conditions imposed by the legislation, we invite you to address your concerns to our team of consultants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-taxes-for-llcs-in-macedonia\"><\/span><strong>What are the taxes for LLCs in Macedonia?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.companyformationmacedonia.com\/establish-branch-macedonia\"><strong>Companies<\/strong><\/a>&nbsp;with establishments in Macedonia are subject to a 10% tax rate on the incomes registered, one of the lowest in Europe. The same rate is applicable for dividends of companies in this state. As for the&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/vat-in-macedonia\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>value added tax<\/strong><\/a>, this is set at 18% in Macedonia on certain activities, services, and goods. Because the government offers incentives and encouragements in the country\u2019s significant sectors, small and medium businesses can easily develop in<strong>&nbsp;Macedonia<\/strong>&nbsp;and can benefit from several tax exemptions. It is suggested to hire an accounting firm which can take care of the financial operations of your firm, whether it is a local LLC or from abroad. Please feel free to talk to our&nbsp;<strong>company fromation agents in Macedonia<\/strong>&nbsp;and find out more about<strong>&nbsp;business in Macedonia in 2021<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"economy-facts-about-macedonia\"><\/span><strong>Economy facts about Macedonia<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Macedonia&nbsp;<\/strong>is open for foreign investments and business in varied important industries, considering the appreciated business environment that sustains the development of this country. Having an excellent infrastructure and a proper fiscal regime, low inflation, and macroeconomic stability,&nbsp;<strong>Macedonia&nbsp;<\/strong>welcomes investors from abroad who want to expand their activities through<strong>&nbsp;limited liability companies<\/strong>&nbsp;or other important business forms. Skopje, the capital of&nbsp;<strong>Macedonia&nbsp;<\/strong>is a significant financial center extremely appreciated for the business conditions by foreign entrepreneurs worldwide. The Macedonian government continues to implement varied economic policies and to maintain the fiscal discipline in order to attract the foreign investments in this country.<\/p>\n\n\n\n<p>Please do not hesitate to&nbsp;<a href=\"https:\/\/www.companyformationmacedonia.com\/contact\"><strong>contact<\/strong><\/a>&nbsp;our&nbsp;<strong>team of company formation representatives in Macedonia<\/strong>&nbsp;for support in&nbsp;<strong>registering a limited liability company<\/strong>&nbsp;in this country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Among entities suitable for most types of activities in&nbsp;Macedonia, the&nbsp;limited liability company&nbsp;is recommended for foreigners who want to expand and make profits in this state.&nbsp;DOO (Drushtvo so Ogranichena Odgovornost)&nbsp;as it is known can be established in compliance with the requirements of the&nbsp;Central Registry of the Republic of Macedonia&nbsp;and the&nbsp;Companies Act. Even if the registration process [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13,11,22,10,21],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Set up a DOO - Updated Guide 2021<\/title>\n<meta name=\"description\" content=\"Foreign investors can set up limited liability companies in Macedonia with complete support offered by our team of company formation agents in Macedonia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyformationmacedonia.com\/set-up-doo-company-macedonia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Set up a DOO - 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