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North Macedonia

North Macedonia is a country with a rich history, stunning nature and a rapidly developing economy. Situated in the heart of the Balkan Peninsula, it is a unique meeting point of cultures, historical events and modern opportunities.

Strategic location North Macedonia borders five countries: Serbia and Kosovo to the north, Bulgaria to the east, Greece to the south and Albania to the west. This location makes the country an important transport hub connecting Eastern and Western Europe, which opens up vast logistical and trade opportunities.

Cultural diversity North Macedonia, with a population of over 2 million, is a country with a rich cultural heritage and ethnic diversity. Here, various traditions and modern influences intertwine to create a unique atmosphere. The official language is Macedonian, but many residents speak English, making it easier to adapt and do business.

Rich Heritage North Macedonia is famous for its ancient cities, monasteries and architectural monuments. Ohrid, known as the "Jerusalem of the Balkans", is a UNESCO World Heritage Site for its ancient churches and monasteries. The crystal clear Lake Ohrid and the majestic mountains attract tourists and are ideal places for a holiday.

Economic Opportunities North Macedonia has a stable economy, offering attractive conditions for foreign investors. Low taxes, including a 10% tax on dividends, make the country one of the most profitable places to do business in Europe. The state actively supports small and medium-sized businesses, creating favorable conditions for start-ups and entrepreneurs.

Quality of Life Life in North Macedonia is a combination of modern amenities and natural beauty. Here you will find affordable and high-quality healthcare, international schools and universities, as well as a variety of opportunities for active recreation and cultural events. The country is famous for its hospitality and safety, which makes it an ideal place to live and work.

Why choose North Macedonia? North Macedonia is a country that offers unique opportunities for life and business. Its strategic location, economic prospects and high quality of life make it an attractive choice for those looking for a new place to live and invest.

Our services cover all aspects necessary for comfortable and successful business management in the country.

1. Legal support and consultations

Legalization process support: We provide full legal support at all stages of legalization, from filing applications to obtaining the necessary permits.
Consultations on obtaining a residence permit: Our specialists will help you understand the intricacies of the legislation of North Macedonia and choose the best way to obtain a residence permit.
Company registration: We handle all legal aspects of business registration, including the preparation of statutory documents, filing applications and obtaining permits.

2. Accounting support

Full accounting services: Includes bookkeeping, preparation and submission of financial statements in accordance with local legislation.
Tax planning and optimization: We develop strategies to minimize tax liabilities and ensure their compliance with the law.
Preparation and submission of financial reports: Our specialists guarantee the timely and correct preparation of all necessary reports, which will save you from possible fines and sanctions.

3. Search and registration of real estate

Assistance in finding residential and commercial real estate: Together with our partners, large real estate agencies, we will select the best options for purchase or rent.
Cooperation with leading real estate agencies: Thanks to partnerships with agencies such as Property One, you will have access to a wide selection of real estate.
Accompanying the purchase and sale transaction: We provide legal support at all stages of the transaction, including checking the rights to real estate and paperwork.

4. Translation and legalization of documents

Professional translation of legal and financial documents: Our translators ensure the accuracy and compliance of translated documents with all requirements.
Legalization and notarization of documents: We legalize documents for their use in North Macedonia and in other countries.

5. Banking Services

Opening of bank accounts: We will help you open bank accounts for individuals and companies in leading banks in North Macedonia.
Consulting on banking operations and investments: Our experts will give recommendations on effective financial management and investments in North Macedonia.

6. Immigration Services

Support in obtaining temporary and permanent residence permits: We will help you collect and submit all the necessary documents to obtain a residence permit.
Assistance in extending a residence permit and changing its status: We will ensure a timely extension of the residence permit and advise on changing its status.
Consulting on citizenship issues: We provide information and support in the process of obtaining citizenship of North Macedonia.

7. Consulting on running a business

Development of business plans and strategies: We develop effective business strategies, taking into account the specifics of the local market.
Support in finding local partners and co-founders: We will help you establish connections with local businessmen for a successful partnership.
Marketing research and market analysis: Our specialists provide detailed reports on the state of the market, competition and potential opportunities for your business.

8. Obtaining citizenship through investment in tourism

Consultations on the selection of investment projects: We will help you find and select the most suitable objects in the tourism sector of North Macedonia that meet the requirements for obtaining citizenship.
Legal support: Our team of lawyers will provide full support for all legal aspects, including the preparation and submission of the necessary documents, as well as interaction with government agencies.
Full cycle of support: We provide support at all stages of the citizenship process - from the first consultation to obtaining all the necessary documents and completing the procedure.

Why it is worth opening a company in Macedonia ?

REGISTRATION OF A COMPANY IN MACEDONIA 2024

We offer to register or buy a company in Macedonia and start a successful international business. Registration of a company in Macedonia is a quick and not troublesome procedure if the services for paperwork are provided by Urban Consult specialists. Registration of companies and doing business in Macedonia is an important direction in our work. Now offshore and low tax jurisdictions are not a real opportunity to legally increase the profitability of your business. In these countries, although the procedure for registering companies is simplified, there are no currency restrictions and, most importantly, there are no taxes for companies registered in offshore jurisdictions, however, modern banks and partners are too cautious about such companies. The low cost of registering a company offshore and servicing companies is not an additional argument in favor of using this tool. As a result of the global trend of de-offshorization, offshore companies, are being used less and are considered not prestigious and not a viable solution. Offshore in many jurisdictions also does not allow you to open a corporate account and take advantage of reputable banks and other financial institutions.

REQUIREMENTS for registering a company in Macedonia

LLC in Macedonia 2024

The basic capital for registering an LLC in Macedonia is 5,000 euros. The investment does not have to be paid at the time of registration, but can be paid within one year after registration in the Commercial Register. In order to establish a public limited company, and when a company was founded simultaneously without a public offer to subscribe for shares, the minimum nominal value of the share capital must be 25,000 euros, and in the case of a successive establishment of a company by a public offer to subscribe for shares, the minimum nominal value of the share capital must be at least 50,000 euros. Setting up a company is a very fast process that takes place in front of the Trade Registry in Macedonia. The usual time for the issuance of a company registration certificate after application is about 1-3 days. According to the law, companies in Macedonia can only be registered by a lawyer or a law firm that is registered as a registered agent.
Urban Consult is an authorized registered agent in Macedonia.

Individual entrepreneurship

Companies can be created by any local or foreign legal entity or individual. The law does not specify any restrictions related to foreign individuals or legal entities, such as reciprocity or any other types of restrictions.

Limited liability companies

According to the law, any foreign person can be a participant or shareholder. A foreign person may acquire parts or shares in the manner and under the conditions established for citizens of the Republic of Macedonia and legal entities entered in the commercial register in the Republic of Macedonia, unless otherwise provided by law.

Open joint-stock company

The participation of a foreign person in a newly established or existing company is not limited, unless otherwise provided by other law. A company with foreign participation has the same rights and obligations as a company without foreign participation, except as otherwise provided by law.

Why Company in Macedonia is profitable?

Your company registered in North Macedonia will be taxed at 10%. According to Urban Consult experts in Europe, this is one of the lowest rates. The VAT is 18%, and moreover there is no foreign exchange control in Macedonia.

Privacy and protection for your business

The details of the beneficiary in this country are not disclosed. Together with the fact that Macedonia is not a party to tax information exchange agreements. Your privacy will be adequately protected in Macedonia.

Accompanying and full support throughout the transaction

You may encounter a number of difficulties and subsequently lose a lot of time and money. Urban Consult offers you advice and professional support services in setting up a business in Macedonia. Urban Consult specialists will help you register your business in Macedonia in the shortest possible time and at a reasonable price.

Individual approach to each client

Registration of new companies in North Macedonia, as well as the sale of ready-made companies with a bank account. Our specialists consider each case individually, depending on your requirements and the task at hand. Issues such as Preparation of constituent documents, Legal address, Contact person of the company, Remote opening, including the translation of a power of attorney and other documents, these and other points Urban Consult specialists will help in solving them throughout the entire process of interaction.

Business in Macedonia 2024

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Macedonian residence permit for IT specialists

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