Activity of the Company in North Macedonia

Main activity of the Company

In accordance to the Company law of Republic of North Macedonia, a commercial entity shall be any person that independently and continuously performs commercial activities in order to generate a profit from market production, trade and provision of services, by means of:
1) purchase of movables so as to sell them in their original, refined or processed form;
2) sale of movables in a refined or processed form from his/its own production;
3) trading of securities and fund management;
4) banking, exchange and other financial activities;
5) insurance activities;
6) transport of persons and goods;
7) commission-based activities, freight-forwarding services, storage services and leasing;
8) commercial representation and negotiation;
9) hotel and restaurant services, information services, marketing and other intellectual services;
10) production of movies, video-cassettes, audio-visual records, software, as well as other similar activities;
11) publishing and printing activities, as well as other commercial activities relating to trading with books and artistic works; and
12) purchase, construction and decoration of real estate for the purpose of sale and rental.
The activities that the commercial entity shall perform shall be classified according to the activities as stipulated by the National Classification of Activities. 

In addition, with regard to the activity of the company, there are regulations in the Law on One-Stop-Shop System. According to it, a general business clause is defined, which allows the entity to enter the trade register and perform all activities according to the National Classification of Activities.

Pursuant to these provisions, activities for which by the law are  prescribed to be performed solely on the basis of consent, permit or other act of a state authority, the entity may perform such activity after obtaining consent, permit or other act of state authority for the activities. in accordance with the law.

Data on the subjects of entry in the register of other legal entities shall be entered into, which are of importance for performing the activity.
In addition, the law also defines priority activity, that is, by priority activity, the Central Registry includes the new entity in the data for the sectoral distribution of entities by activity in the Republic of Northern Macedonia.

The priority activity does not preclude or limit the application of the general business clause to any entity.