Non participant in AEOI (Automatic exchange of information )

General conditions about the country:

• North Macedonia is located in southern Europe ( Balkans and borders with Bulgaria,Greece Serbia and Albania) . The average salary is 400 EUR and the local currency is Denar .Roughly the exchange rate between Denar and Euro is 1 EUR ; 61.50 MKD .That rate is from 1997 without significant changes .
  The banks are stable and the National Bank which is main regulator of the financial system in the country guarantees for all deposits of all physical and legal persons which hold account in Macedonian banks . International transfers are processed very fast and there are no restrictions on the countries. The tax on income is levied at 10 % .
  VAT is 18 % for all products and services except : publishing books and newspapers 5% , computers and computer equipment 5 % ,primary food production 0 %, educational services 0%.
  North Macedonia did not sign OECD agreement for automatic exchanging of information between countries (see the link ) and therefore the jurisdiction is counted as pretty attractive for conducting business because there are no international controls on the companies in the country and the country does not cooperate with other countries public revenue offices for foreigners having business in the country.For more info on Automatic exchange of information visit this page. On the other hand the jurisdiction does not have reputation of financial center ( offshore) and therefore invoicing from North Macedonia is not deemed as offshore invoicing.
  Also the country did not sign agreement ( like most countries signed) with USA about reporting US persons having accounts in the country .

-gate4business.com can incorporate company in North Macedonia, provide you with registered address (which is a must in order to incorporate a company, we will give you detailed advice on taxation and
give you monthly accountancy support . Also you will be advised on
double tax agreements North Macedonia has with other countries .For more
specific questions contact us.

Simple procedure, nominee services available !

The procedure of company formation in North  Macedonia is pretty straight away
through our company .You do not need to visit North Macedonia in order to
incorporate. The company needs to have :
-at least 1 director ( must be physical person)
-at least 1 shareholder (can be other company,companies or physical persons)
-registered address in Macedonia

No restrictions on the nationality

The director can be from any nationality .The stages are as follows:
1.You provide us with proposed company name and we check if the name is
available ,give us valid passport copy of the director and shareholder .If
shareholder is a company than we will need company registration documents
not older than 3 months .
2.We prepare the documents and send to you for signing
3.You sign the documents and send scan copy of signed documents
4.We incorporate the company in 5 working days
in addition :
5.we can open bank account for you in North Macedonia ,both company bank account
and your personal . As of 6th of March 2025 ,the banks in North Macedonia are part of SEPA. If you need more specific information contact us .

There are also possibilities of opening representative office of foreign company in Macedonia and in that case this entity can not conduct business in Macedonia
but only with abroad.The representative office is not subject of accountancy and annual report therefore and no taxes appear.We strongly recommend opening representative office if :

-you not intend to conduct business within the country

-if your incomes are derived from abroad

-if you need access to multi currency bank account with pretty low maintenance fees ( very often only 5 EUR per month)

-there are no restrictions of country where the legal entity is incorporated ( you can open representative office of company incorporated anywhere )

In addition : we can open non-resident  bank accounts in North Macedonia for both legal or physical persons  without limitation on the country of origin .

Also foreign income in not subject of VAT.

North Macedonia is typical case where offshore companies are replaced with onshore companies!

Offshore v.s onshore.

Crypto friendly jurisdiction !

Since the country still does not adopt any crypto legal framework, investment in crypto is completely legal and you can do it with a company via SEPA transfer , Swift transfer or via company credit or debit card.

Contact us for more information.