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Company Registration in North Macedonia – Streamlined Business Formation

When it comes to expanding your business horizons, North Macedonia offers an attractive gateway to the European market. The process of forming a Limited Liability Company (LLC) or any business entity here is straightforward, efficient, and highly accessible. In this guide, we’ll walk you through the essential steps for company registration in North Macedonia, highlighting key aspects and regulations you need to know.

Forming Your LLC in North Macedonia

Central Register and Licensed Agents

The first step to forming your LLC in North Macedonia is to register it with the Central Register. However, it’s important to note that only licensed registration agents are authorized to facilitate this process. Collaborating with a licensed agent like Lalicic & Boskoski Law Office, ensures a smooth and compliant registration process.

Foreign Shareholders and Managers

One of the attractive features of North Macedonia’s business environment is that there are no restrictions on foreign individuals or entities holding shares or managing the company. This openness encourages foreign investment and entrepreneurship.

Swift Company Formation

North Macedonia boasts an efficient registration process. Your company can be formed within just one to two working days from the moment you provide the required original documents. This rapid turnaround time minimizes delays and enables you to kick-start your business activities promptly.

Flexibility in Management

Whether you choose to appoint a manager with or without limitations, North Macedonia offers flexibility in management structures. This adaptability allows you to tailor your company’s leadership to suit your specific business needs and strategies.

Capital Requirements

For a regular LLC in North Macedonia, the basic capital requirement is EUR 5,000. However, what sets North Macedonia apart is that this amount can be paid within one year, giving you financial flexibility during the initial stages of your business.

Registration Essentials

Required Information

To initiate the registration process, you’ll need to provide essential information about your company, including its name, registered address, and primary business activity. Additionally, if your company is formed by another foreign entity, you’ll need to supply relevant company extracts. For the manager, a passport is a necessary document.

Conclusion

Navigating the company registration process in North Macedonia is a streamlined and efficient experience. With the help of licensed registration agents such as Lalicic & Boskoski law office, foreign investors and entrepreneurs can quickly establish their businesses and tap into the opportunities offered by this vibrant European market. Whether you’re starting a new venture or expanding an existing one, North Macedonia’s business-friendly environment makes it a promising destination for company registration and growth.

In summary, the key takeaways include:

  • Central Register: Register your company in front of the Central Register.
  • Licensed Registration Agents: Work with licensed registration agents for a compliant process.
  • Foreign Shareholders and Managers: No restrictions on foreign participation.
  • Swift Formation: Companies can be formed within one working day.
  • Management Flexibility: Choose managers with or without limitations.
  • Capital Requirements: Basic capital for a regular LLC is EUR 5,000, payable within a year.
  • Essential Information: Provide company details, extracts, and manager’s passport for registration.

Learn more about the investment conditions in North Macedonia, on the following link: Invest North Macedonia

Note: The above does not constitute legal advice and in no way can be accepted or understood as an instruction to act in a specific case. Each legal situation has its own characteristics that should be reviewed at separately, and for that reason we recommend that you contact a professional – a lawyer – for legal advice.

Business Handbook for companies in North Macedonia

Free Business Handbook for companies in North Macedonia

Start the procedure for company formation in North Macedonia with Lalicic & Boskoski Law Office and get the Business
Handbook for companies in North Macedonia for free.

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str. Makedonija no. 26/1-5
Skopje, Macedonia

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contact@lblaw.com.mk
+ 389 2 609 0218

Lalicic & Boskoski Law Office