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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in North Macedonia
Company incorporation, bank accounts, accounting services in North Macedonia
Registration packages
Services
Essential
Standard
Premium
Company registration (d.o.o.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in North Macedonia
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How you can register a company in North Macedonia with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about North Macedonia
North Macedonia is located in the central Balkans and shares common borders with the following countries: Albania to the West, Bulgaria to the East, Greece to the South and Serbia and Kosovo to the North. North Macedonia has a territory of 25,713 square kilometers. The capital city of North Macedonia is Skopje, the largest city and the location of key government institutions. North Macedonia has a population of 1,84 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 10%
- Dividend withholding tax - 10%
- Interest withholding tax - 10%
- Royalties withholding tax - 10%
- Capital gains tax - 10%
- VAT - Standard tax rate 18% or reduced rates from 0% up to 5%
- Personal income tax - 10%.
The following are the most common types of companies to incorporate a company in North Macedonia as:
- Limited liability company (Drushstvo so ogranichena odgovornost – d.o.o.)
- Public limited company (Akcionersko Drushstvo - AD)
- General partnership (Javno Trgvsko Drushtvo - JTD)
- Limited partnership (Komanditno Drushtvo - KD)
- Partnership limited by shares (Komanditno Drushtvo so Akcii – KDA)
- Branch office (Filijala).
- Individuals or legal entities that are intending to register a company in North Macedonia can be resident or non-resident in North Macedonia.
- A resident or a non-resident individual can be a company director in North Macedonia. It is not required to set up a company in North Macedoniawith a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in North Macedonia if such company is incorporated as a d.o.o. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in North Macedonia in order to establish a company in North Macedonia or to conduct business in the country.
- Minimum share capital that is required in order to start a company in North Macedonia as a d.o.o. (a limited liability company) is EUR 5,000.
- D.o.o. registration takes between 3 and 5 business days with the bank account taking up to 2 business days.
- Details of company founders, shareholders and directors after company registration in North Macedonia is complete is publicly available in the state corporate register.
- With our service you can register a company in North Macedonia remotely upon a power of attorney.
Official currency of North Macedonia is Macedonian denar (MKD).
North Macedonia has developed an open economy with trade amounting to more than 90% of GDP in recent years.
The GDP of North Macedonia grew by 4% in 2021 and amounted to USD 13,8 billion. In terms of GDP structure, the industrial sector constituted the largest part of GDP at 22%. The agricultural sector represents 9.09% of GDP. The services sector contributed to around 57%.
In terms of foreign trade the largest exports of the country are chemicals and related products, followed by the machinery and transport equipment sector. Most of the foreign trade is done with the EU which makes the Union by far the largest trading partner of North Macedonia. Among other primary trading partners are Serbia, the United Kingdom and China.
North Macedonia has developed an open economy with trade amounting to more than 90% of GDP in recent years.
The GDP of North Macedonia grew by 4% in 2021 and amounted to USD 13,8 billion. In terms of GDP structure, the industrial sector constituted the largest part of GDP at 22%. The agricultural sector represents 9.09% of GDP. The services sector contributed to around 57%.
In terms of foreign trade the largest exports of the country are chemicals and related products, followed by the machinery and transport equipment sector. Most of the foreign trade is done with the EU which makes the Union by far the largest trading partner of North Macedonia. Among other primary trading partners are Serbia, the United Kingdom and China.
Foreign entrepreneurs expand to North Macedonia and seek to incorporate a company in North Macedonia in order to conduct business in the following sectors:
- wholesale and retail trading
- logistics
- maritime trading.
Benefits of registering a company in North Macedonia
Business climate
- Strategic geographical position at the crossroads of 2 main European transport corridors
- Highly-liberalised foreign trade policy
- Bilateral agreements that give local producers free access to the European Union and other markets, making North Macedonia a highly-competitive production and export platform
- Stable monetary environment with one of the lowest inflation rates in the region
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax incentives
- Corporate income tax rate is 10%
- Free trade zones that provide corporate tax incentives
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- No strict foreign exchange controls
Register your company in North Macedonia
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