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Labour Force

Macedonia prides itself with its educated, highly-qualified, and ethical workforce that is available to foreign investors. The average gross monthly salary is €430. Educational standards at technical higher educational institutions in Macedonia resemble those of the Western countries. »»

Excellent Location and Infrastructure

Macedonia is at the cross-roads of South Eastern Europe, which makes it an ideal transit and distribution center for products for European markets. The developed road and railway infrastructure, in combination with the small area of the country enables access to every inhabited place in Macedonia in less than 3 hours. »»

Taxes and Rates

The lowest flat corporate and personal income tax rates Macedonia has recently become a tax heaven in Europe. The new Government introduced a flat tax of 10% for corporate and personal income. »»

Registration of Companies

Macedonia has introduced a one-stop-shop system that enables investors to register their businesses within 4 hours. One can register a company in Macedonia by visiting one office, obtaining the information from a single place, and addressing one employee »»

Regulation of Business

Market freedom, the freedom of entrepreneurial activity, as well as property rights are fundamental values outlined in the Constitution of the Republic of Macedonia. »»

Accounting and Audit

According to the Company Law, all legal entities are obliged to prepare annual accounts at the end of each calendar year. Annual accounts have to be prepared in accordance with local accounting rules. »»

Work visas/permits

Foreign residents can easily establish employment in the Republic of Macedonia, after getting an appropriate visa or permit from the Ministry of Foreign Affairs, i.e. Diplomatic-consular offices abroad. »»

Licenses and permits

In addition to the registration of all business activities as stipulated by the Company Law, some business activities must obtain additional working licenses or permits before starting their operations. »»

Regulations and Treaties

Three multilateral and two bilateral free-trade agreements give Macedonia duty free access to more that 650 million consumers from the EU member-states, the EFTA and CEFTA countries, as well as Turkey and the Ukraine. »»

Acquiring Property

Foreign companies and foreign citizens can directly own construction land in Macedonia, according to the newly adopted Law on Construction Land (Official Gazette of the Republic of Macedonia No. 82/08 from 08.07.2008). »»

Environmental Issues

Considerable steps are taken to establish a system of integrated permits for industrial facilities considered to be significant polluters. »»

Dispute resolution mechanisms

Domestic sources of the Macedonian Arbitrary Law include the Constitution of the Republic of Macedonia, the Litigation Procedure Law (Official Paper of SFRY, No. 4/77), the Law on Disputes Settlement (Official Paper of SFRY, No. 43/82), the Law on International Trade Arbitrary (Official Paper of RM No. 39/06) and the Macedonian Company Law. »»

LATEST NEWS & EVENTS

SKOPJE RANKED IN THE TOP 5 FOR HUMAN RESOURCES

12/08/2010

Skopje placed in the top 5 for human resources amongst small cities with a population of between 250,000 and 500,000, according to FDI magazine’s European Cities and Regions of the Future 2010/11 rankings.
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WORLD BANK: MACEDONIA IN TOP 10 FOR ESTABLISHING A BUSINESS IN A SHORT TIME

08/07/2010

The latest World Bank report "Investing Across Borders 2010" placed Macedonia among the ten countries where a business could be established in a short time
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