Set up a Startup in Macedonia

Opening a startup in Macedonia is not a complex procedure. One must select the business entity, prepare the documents and register for taxation, among other aspects. All the formalities in this regard can be managed by our company formation agents in Macedonia. We can help foreign investors register startups in Macedonia in a fast and reliable manner.

How do I open a startup in Macedonia?

1. The minimum share capital required is EUR 5,000. This must be deposited in a local bank account.
2. One must check the business name and make a reservation.
3. The Articles of Association must comprise information about the activities of the startup, the name of the owners, the board of managers, etc.
4. The registration for taxation is required for startups in Macedonia.
5. One must acquire a business license if necessary.

A business plan for a startup in Macedonia

Can I open a recruitment company as a startup in Macedonia?

Sectors in which you can open a startup in Macedonia

1. Around USD 7.3 billion was the total FDI for Macedonia in 2020.
2. Macedonia ranked 17th out of 190 economies in the world, as stated by the 2020 Doing Business report.
3. Most of the FDIs are directed to the manufacturing sector in Macedonia.
4. A 10-year tax exemption is offered to foreign investors in Macedonia.

10 startup business ideas in Macedonia

1. Travel agency - Macedonia is one of the countries with developed tourism potential. The country is visited by millions of foreigners every year, and opening a travel agency is a good business idea. You can turn your attention to domestic and foreign touristic packages for consistent profits.
2. Construction company - the real estate industry is constantly evolving worldwide, and Macedonia is no exception. If you want to develop a business in this field, prepare a solid business plan first of all.
3. IT company - the activities in the field of technology are numerous and in full development. Profits are also commensurate, and a business in this field can be a good startup idea in Macedonia. You can focus on creating software, maintenance for companies, or developing programs for various companies.
4. Photography business - Another business idea in Macedonia for those interested in startups is photography. You can create a photo studio and have among your clients companies interested in product photography, graphics, and other projects. The investment is small and can be started in a relatively short time.
5. Marketing business - Marketing agencies are constantly looking for those who want to have a professional business image. Promoting activities, research, and creating campaigns are some of the aspects of a marketing company.
6. A restaurant - as Macedonia has a huge tourist potential, maybe you should turn your attention to the food industry. You can open a local or international restaurant in one of the most visited cities. This sector is among those that record consistent profits year after year.
7. Online shop - As high-speed internet is available to anyone, setting up an online store is quite easy. You just need to pay attention to the type of products and services you want to sell on the market. The textile industry is a profitable one, and your shop can also be accessed by customers from abroad.
8. Cryptocurrency company - Visionary entrepreneurs can choose to set up a cryptocurrency company and align themselves with companies operating in this field. Starting in this direction can be complex, but a market analysis is definitely needed. One of our company formation agents in Macedonia can help you with the formalities for startups in Macedonia.
9. A hotel - Opening a hotel in cities with high tourist potential can only be a profitable business. Whether you want to buy one or build one, the business idea will gradually develop and you will enjoy profits over time.
10. A vegan shop - Another type of business that will be profitable from the very beginning is opening a vegan shop. The market of this kind has been on an upward trend for several years. Your business can be successful if you pay special attention to the products offered and if you promote your business permanently.