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Set up a Startup in Macedonia
Updated on Tuesday 20th October 2020
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The startup and tech community are appealing in Macedonia, and many foreign or local entrepreneurs benefit from a stable and generous market in this country. Opening a startup in Macedonia is not complex, yet it is required to pay attention to the legislation and the requirements for company registration in Macedonia. Comprehensive assistance and support can be provided by one of our company formation agents in Macedonia.How do I open a startup in Macedonia?
The DOO is the limited liability company in Macedonia and the most suitable business structure available. The selection of the business form is the first step in forming a startup in Macedonia. Here are a few requirements an entrepreneur should comply with at the time the startup is registered in Macedonia:
- The minimum share capital required is EUR 5,000. This is deposited in a local bank account.
- One must check the business name and make a reservation.
- The Articles of Association must comprise information about the activities of the startup, the name of the owners, the board of managers, etc.
- The registration for taxation is required for startups in Macedonia.
- One must acquire a business license if necessary.
All the stages and requirements involved in registering a startup in Macedonia can be discussed with our specialists in company registration in Macedonia. Our team can help both local and domestic investors start a company in Macedonia.
A business plan for a startup in Macedonia
A double and correct business plan in Macedonia is needed for a startup in Macedonia, just like for any kind of business. This is a requirement for both local and foreign entrepreneurs in Macedonia. Once you decide on the type of activities you wish to develop in Macedonia, you can get in touch with us and let us help you with the business plan for your startup. We have experience in company formation in Macedonia and creating an accurate and strong business plan is our concern. Feel free to talk to our team of company formation agents about how you can open a startup in Macedonia.
Can I open a recruitment company as a startup in Macedonia?
Yes, entrepreneurs can open recruitment companies in Macedonia, as such activities are accepted in this country. This can be a great startup idea and a profitable one if the owners will also concentrate on the business development strategies available. A recruitment company must have a board of managers, an attractive logo, a business place, and an accountant, in large lines. All the business steps are connected, so, each stage must enter the attention of the entrepreneur interested in a startup in Macedonia. Plus, the complete support offered by one of our company formation in Macedonia will help entrepreneurs register their recruitment company in this country. You can discuss with us all the aspects from the beginning and skip any concerns or complex issues that might arise.
Sectors in which you can open a startup in Macedonia
The tech sector in Macedonia hosts a large number of startups, considering the great business climate and the excellent conditions offered. Skopje, the capital of Macedonia is home to a wide range of startups in fields like, IT, communication, education, tourism, manufacturing, and energy, to give a few examples. Plus, many platforms sustain the new business ideas of young entrepreneurs in Macedonia. Business communities are highly developed in Macedonia, so young participants interested in startups in Macedonia can connect to businessmen all over the world. If you wonder why you should open a startup in Macedonia, you should know that the strategic geographic location is a plus. Moreover, the financial stability, the relaxed legislation related to foreign investments, free access to a large number of financial markets, plus the appealing startup costs for young entrepreneurs are interesting advantages that attract numerous investors in Macedonia. Here are other facts and figures that might attract your attention:
- Around USD 6.4 billion was the total FDI for Macedonia in 2019.
- Macedonia ranks 17th out of 190 economies in the world, as stated by the 2020 Doing Business report issued by the World Bank.
- Most of the FDIs are directed to the manufacturing sector in Macedonia.
- A 10-year tax exemption is offered to foreign investors in Macedonia.
Young or experienced entrepreneurs from abroad wanting to open startups in Macedonia can get in touch with one of our company formation agents in Macedonia.
Meet us in Skopje
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Skopje, Macedonia. Alternatively you can incorporate your company without traveling to Macedonia.
As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Macedonia.
Contact usTestimonials
The team from CompanyFormationMacedonia.com is very qualified and benefits from extensive expertise in this area. I
would definitely recommend them to any entrepreneur decided to start his own business here.
Mihai Cuc, Partner of
Enescu&Cuc; Law Firm
www.romanianlawoffice.com
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testimonialsMihai Cuc, Partner of
Enescu&Cuc; Law Firm
www.romanianlawoffice.com