Macedonia

Macedonia

Macedonia is located in the very centre of the Balkans. Formed as a result of the collapse of Yugoslavia, Macedonia borders on Greece, Albania, Serbia and Bulgaria. The currency is MKD, its rate is pegged to the EUR.

The government of this country has been doing everything possible for several years to attract the maximum amount of foreign investment and it succeeds. The attractiveness of this country is one of the main reasons to register a company in Macedonia.

Legal forms

As a rule, the easiest way to set up a company in Macedonia is to choose the analogue of LLC. Also, you have an opportunity to open a partnership in Macedonia, an individual enterprise or joint-stock company.

Both the director and the shareholder of your Macedonian company can be a citizen of any country. Please note that if you decide to start your own business in Macedonia, both individuals and legal entities are allowed to be the shareholders of the company.

Also, you will need to submit 3 variants of the name for verification, one of which will subsequently be reserved for your company.

You can set up a company in Macedonia in 1-2 weeks.

Registration procedure

YB Case specialists provide accompany services in registering a Macedonian company remotely. In this case, you will need an authorized representative, who will provide support in opening a company in Macedonia by using the power of attorney.

You should know, that:

  • Data must be submitted both on the founders of your company, and on its future director;
  • The share capital is provided in the amount of 5,000 euros and is paid from the time of registration to the end of the first year;
  • At least one manager must be present in your company;
  • Dividends owned by a foreigner can be transferred in any currency of the world;
  • There is no exchange controls in this country;
  • The state has signed DTAAs with 49 countries.

One of the requirements in order to set up a Macedonian company for IT-business, or for any other type of activity, is the presence of a legal address in this jurisdiction.

Tax rates

Your Macedonian company will be taxed at 10%. According to YB Case experts, this is one of the lowest rates in Europe. The VAT in this country is 18%, the dividend tax is 10%. The tax on retained earnings is 0%.

The entire tax scheme of Macedonia looks like a serious incentive for a foreign investor to choose exactly this country for doing business.

In addition, the data on beneficiaries is confidential.

As a result, the fact of registration of your company will be included in the lists of the Central Register.

Additional services

In addition to the above procedures, YB Case experts will provide qualified support in opening an account in Macedonia. You can also ask for personal advice on the most reliable local banks.

You can request for qualified advice on all matters, such as registering a Macedonian company and opening a corporate account in Macedonian bank.

The procedure of registering an LLC in Macedonia takes from 2 to 8 business days from the date of submission of the documentation to the Central Register.

YB Case experts will also provide you with assistance in renting an office (a cost of 35 euros per month, 420 euros per year, paid in advance).

Read also:

If you already have a company, you can set up an office in Macedonia to open an account for your company. This office will not pay taxes. That is, the cost of office maintenance will be limited by the cost of the paid legal address – up to 500 EUR per year.

In order to ask for an appointment with YB Case experts, please use the contacts listed on our site.

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