Macedonia Company Formation

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Company Formation and Related Services



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Company Formation in Macedonia


Foreign investors can benefit from a quick and easy company incorporation process in Macedonia, if some requirements are met. Moreover, foreign companies will also benefit from the same treatment as national companies in terms of incorporation and taxation. The company registration process is very swift and it can take up to a week.

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

The first step when incorporating a company in Macedonia is choosing three names for the company and, after checking their availability, the client will opt for one of the names and will reserve it.

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, identification cards or driver license, a recent utility bill or a bank statement as proof of residential address. Representation is also possible through notarized power of attorney.

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

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

BridgeWest provides company formation in 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 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 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; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;

-    -    recommending a Macedonian accountant, as accounting services are needed for new businesses in Macedonia.

Types of companies in Macedonia

- limited liability company in Macedonia (DOO or DOOEL) - 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 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 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.

- Macedonian Branch, Subsidiary or Representative Office - Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Macedonian company. Foreign companies can also open extensions of the parent company in Macedonia.

Taxation in Macedonia

The standard VAT rate in Macedonia is 18%, but a reduced rate of 5% applies to certain products.

The corporate tax rate in Macedonia is 10%.

In Macedonia dividends, interests and royalties are subject to a withholding tax rate of 10%, unless it is reduced by tax treaties.

Please contact us for more information about how to open a company in Macedonia and prices.

Articles on Company Formation in Macedonia

Types of companies in Macedonia

The state of Macedonia has an uprising economy which welcomes investors of all nationalities, offering great incentives and equal treatment. Foreign and Macedonian entrepreneurs may choose from various business forms, each suited for different needs. Incorporating a company in Macedonia does not req ...

Setting up a Macedonian Company

The government of Macedonia encourages foreign entrepreneurs to invest in any business sectors, bringing their contribution to an economy in need. There are plenty of incentives and opportunities for entrepreneurs to engage in business. One of the most common investment types implies setting up a co ...

The Central Registry of the Republic of Macedonia

The Central Registry of the Republic of Macedonia handles registration of companies and other entities, in charge with keeping an actualized database. The institution is a reliable source of information for the public. Anyone can make an inquiry at the Macedonian Registry accessing extracts, or comp ...

Open Company Branch or Subsidiary in Macedonia

There are plenty of ways to invest in Macedonia including setting up companies or opening branches of already incorporated companies in foreign countries. Macedonia offers encouragement in many business areas. Some foreign entrepreneurs prefer setting up Macedonian branches which are as easy to inco ...

Guide to Company Incorporation in Macedonia

1. What is the minimum share capital of a Limited Liability Company in Macedonia? Limited Liability Companies are the most common form of business organization in Macedonia due to their simple structure perfect for small to medium sized businesses and no capital requirement. However the Macedonian L ...

Paying Taxes in Macedonia

1. What is the corporate tax in Macedonia? A company registered in Macedonia is subject to a flat corporate tax rate of 10%, one of the lowest rates in Europe. The undistributed profits are not subject to taxation in Macedonia.   2. What is the VAT in Macedonia? In Macedonia, the&nbs ...

VAT in Macedonia

1. What is the VAT in Macedonia? The standard VAT rate in Macedonia is 18% for pretty much all supplies of goods and services. A reduced rate of 5% was introduced in 2007 to be levied on pharmaceuticals, food products, production equipment, computers or public transportation. Some goods and services ...

Company Liquidation in Macedonia

BridgeWest handles all steps required for company liquidation in Macedonia. Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any other ne ...

Open a Representative Office in Macedonia

Are there any special requirements for creating a Macedonian Representative Office? A foreign company that is willing to open a representative office in Macedonia must keep in mind that it can perform only certain types of operations through it. A representative office may not perform any commercial ...

Register a Non Profit Organization in Macedonia

The revised “Law On Associations And Foundations” published in the Official Gazette of Republic of Macedonia, No. 52 as of April 16, 2010 contains the main regulations for establishing non-profit organizations in Macedonia. A non-profit organization opened in Macedonia cannot perform any ...

Nominee Director in Macedonia

 Macedonian limited liability companies and joint stock companies are represented on the market and in front of third parties by a company’s administrative. In certain situations, when the confidentiality of the interest of the beneficial owner in that company must be protected, its name ...

Set up a company in Macedonia

Macedonia was recently ranked as the 4th out of 178 countries by the World Bank's ranking of states with the best reform, with an economy structured between services, industry, agriculture and textiles, a significant sector for trade. The Macedonian government encourages foreign entrepreneurs t ...

Open Business in Macedonia
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Skopje

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Skopje, Macedonia. Alternatively you can incorporate your company without traveling to Macedonia.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Macedonia.