North Macedonia Company Formation

Why open or relocate your business in North Macedonia:

based in Europe, very good connected with all major cities in Europe via Skopje’s international airport https://skp.airports.com.mk
safe for travelers and investors
low tax regime (only 10 % corporate tax)
foreign income is not subject of VAT
no corporate tax if the turnover is below 50000 EUR per annum
not deemed as risky and offshore jurisdictions by the foreign banks and governments therefore there are no issues when sending funds in North Macedonia
excellent infrastructure, stabile banking system, non AEIO country ( does not participate in Automatic Exchange of Information ), non CRS country, non FATCA signatory
possibility of opening Representative office in North Macedonia of foreign company which is not obligated to book keeping and annual returns. Ideal for international clients which are not doing business in the country, but can invoice foreign companies and collect funds in Macedonian banks
crypto friendly
nominee services available through gate4business.com
no restrictions on the nationality of the shareholder and director
shareholder can be natural or legal person (s), the director can only be physical person

The following steps must be followed for company registration in North Macedonia:

The first step when incorporating a company in North Macedonia is choosing name of the company.

The second step will be the filling of the incorporation form where data about the shareholding structure and the business activities must be provided. Other information, such as addresses and occupations of the shareholders, the appointment of the director and the payment of the share capital, must also be provided.

According to the Macedonian Company Law, the share capital can be paid upon the incorporation of the company or within a year after the registration. The clients must also provide identification documents, such as passport copies. Representation is also possible through notarized power of attorney. The share capital is capped at 5.000 EUR minimum and it can be in money, rights and goods.

All relevant documents must be translated by a translator, notarized and then submitted with the Central Register of Republic of North Macedonia.

Companies can be formed by national or foreign citizens, they must have a director and must hold a registered office.

Gate4business.com is specialized in company formation in North Macedonia. Our assistance includes:

drawing up the articles of association that can be signed through power of attorney (Macedonian laws require power of attorney for any public notary proceedings)
drawing up documents for company incorporation in North Macedonia: specimen signatures, identification papers copies, application form required by the Macedonian Company Registration Office
arranging public notary proceedings (all procedures for company incorporation are done in front of a Macedonian public notary)
providing a registered office in North Macedonia on demand; the registered office serves as headquarters for the company in Macedonia and it will be made public
setting up a bank account for the company in Macedonia; Gate4business.com will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated
complete accountancy on monthly basis

Types of companies in North Macedonia

limited liability company in Macedonia (LTD) – The Macedonian limited liability company is the most common type of business, as it allows a minimum of one shareholder and a maximum of 50 shareholders, a director and a management board. The minimum share capital for a limited liability company in North Macedonia is 5,000 EUR. The shareholders will be held liable to the extent of their participation for the company’s debts and obligations. The limited liability company must hold a registered office in Macedonia.
joint stock company in North Macedonia (AD) – The Macedonian joint stock company requires a minimum share capital of 25,000 EUR for a private company and a minimum share capital of 50,000 EUR for a public company. It requires a minimum of two shareholders who can be individuals or legal entities. The shareholders will be held liable to the extent of their participation for the company’s debt and obligations.
branch, Subsidiary or Representative Office in North Macedonia – Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a North Macedonian company. Foreign companies can also open extensions of the parent company in North Macedonia.