Macedonia
Capital: Skopje.
Official languages: Macedonian.
Currency: Macedonian denar.
Company registration provides the following benefits:
- A simple procedure for registering a company.
- Opportunity to do business in Europe.
- Low interest tax rates.
- The country has not signed an agreement on the exchange of tax information.
Macedonia is a southeastern European country located in the center of the Balkan Peninsula. Macedonia was formed after the collapse of Yugoslavia. The jurisdiction borders Serbia, Greece, Bulgaria and Albania.
Registration of a company in Macedonia is characterized by simplicity, low costs and minimal requirements for founders. The country's government creates the most favorable conditions for foreign investors. According to Macedonian law, foreign investors enjoy the same rights as local entrepreneurs.
Features of taxation and reporting
Companies in Macedonia are required to maintain accounting records and file financial statements. The adopted accounting standards are consistent with International Financial Reporting Standards (IFRS).
- Income tax - 10%.
- VAT - 18%. For some types of activities, reduced rates of 5% and 0% apply.
- Income tax - 10%. It only applies to Macedonian residents and not to foreign companies.
- Withholding tax is set at 10% and applies to dividends, interest, royalties and certain other payments to non-residents.
Company registration
Time frame for company registration: up to 2 weeks.
The most popular form of company registration in Macedonia is LLC (DOOEL). This form of company does not require the physical presence of the founders and liability is limited to the contribution to the capital.
Also, a branch of a foreign company, in Macedonia this form is easier to open than DOOEL.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants with notarization.
- In some cases, a certificate of no criminal record from the director may be required.
A quick guide to registering a company in Macedonia:
To quickly register a company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Ease of registration and access to the large European market make Macedonia an attractive place to start a business. However, when choosing a jurisdiction for a company, it is necessary to take into account not only current legislation, but also its possible changes in the future. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
