Opening a company in North Macedonia has become one of the most attractive business decisions for foreign entrepreneurs, investors, digital nomads, and international companies looking for an EU-adjacent, low-tax, cost-efficient market with a highly skilled workforce.
As an accounting office with over 30 years of experience, Aleksandar-AK provides full professional support during the entire company lifecycle — from initial consultation and registration to banking, payroll, taxes, and IFRS/GAAP accounting.
We follow IFRS and GAAP standards and offer a proprietary digital accounting platform (Salesforce-based) where clients can monitor financial operations in real-time. This makes us a trusted partner for consolidation reporting with foreign parent companies.
Why Open a Company in North Macedonia? (Top Advantages for Foreign Investors)
North Macedonia offers one of the best business environments in Europe for foreign owners. Here are the key reasons international investors choose this country as their base:
- Lowest Taxes in Europe
- 10% corporate income tax (on profit)
- 10% personal income tax
- 0% tax on reinvested profit
- 0% VAT when invoicing foreign clients (service exports)
- Low Cost of Establishment
- Company formation: 500–800 EUR total costs
- Registration completed in 1–3 working days
- Note: Registration can be done remotely via Power of Attorney.
- Extremely Affordable Operations
- Virtual office / mailbox address: ~55 EUR per month
- Accounting for startups: 100–150 EUR per month
- Digital accounting system included (Web & Mobile App)
- Low Salary Costs
The minimum salaries are competitive for the region (~400 EUR net / ~600 EUR gross). This is ideal for:
- IT companies & Software development
- Outsourcing centers (BPO)
- E-commerce operations
- Consulting agencies & Remote teams
- CEO Does Not Need to Be a Macedonian Citizen
Foreigners have full rights to be:
- 100% Owners
- Directors / CEOs
- Legal representatives
- EU-Adjacent Market + Excellent Banking System
- Swift digital banking with multi-currency accounts
- Fast SWIFT activation (2–5 days)
- Stable currency (Macedonian Denar is pegged to the Euro)
Tax System in North Macedonia
North Macedonia has one of Europe’s simplest tax structures. This flexibility allows foreign companies to optimize their tax obligations based on their business model.
| Annual Company Revenue | Tax Rate |
| Up to 48,000 EUR | 0% Corporate Tax |
| 48,000 – 97,000 EUR | 10% Profit Tax or 1% Revenue Tax |
| Above 97,000 EUR | Flat 10% Corporate Tax |
Double Taxation Treaties — Avoid Paying Twice
North Macedonia has Double Taxation Agreements (DTA) with 49 countries. This means any tax you pay in North Macedonia is recognized in your home country, preventing double taxation.
Countries with active agreements include:
Austria, Belgium, China, Croatia, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Poland, Romania, Russia, Slovenia, Spain, Sweden, Switzerland, Turkey, UAE, UK, and many others.
Types of Companies You Can Register
Before you open a company, it is important to be aware of the legal possibilities available, and which type of company is the most adequate for your business.
Main forms available in North Macedonia are: Limited liability company (LLC) and sole proprietorship (individual entrepreneurship).
- DOOEL (Single-Member LLC): The most common structure for foreigners. Fast, simple, and offers limited liability.
- DOO (Multi-Member LLC): Used when there are 2 or more founders/shareholders.
- Branch Office: For foreign corporations expanding their local operations.
- Sole Proprietor (TP): Only available for Macedonian residents.
Full Step-by-Step Procedure for Opening a Company
The process is fast, transparent, and streamlined.
- Step 1: Fill Out the Company Registration Form
Submit your details via our secure form:
Our representative will contact you immediately to begin the process.
- Step 2: We Prepare All Legal Documentation
We draft the Company Statute, Founding Agreement, and Activity Codes. We prepare the Power of Attorney if you are registering remotely.
- Step 3: Company Registration (1–3 Working Days)
We file your documents at the Central Registry. This step can be completed 100% remotely via our agents.
- Step 4: Opening a Bank Account (2–5 Days)
Once the company is formed, the corporate bank account must be opened.
- Important: Most banks currently require the CEO to be physically present for identification to activate the account.
- We assist you in choosing a bank with the best e-banking and multi-currency options.
Once the bank account is active, your company is fully operational.
Why Choose Aleksandar-AK? (Complete Accounting & Compliance)
Our office provides a complete, end-to-end accounting service tailored specifically for foreign-owned companies. We ensure your business remains fully compliant, efficient, and financially transparent.
- Monthly VAT Return (DDV)
If your company is VAT-registered, we prepare and submit returns to the Public Revenue Office.
- Recording incoming/outgoing invoices
- VAT credit calculation
- English reporting: You receive a monthly summary of your VAT status.
- Payroll Processing (Месечна пресметка на плати)
We manage the complete payroll cycle for your employees and executive directors.
- Calculation of social contributions and personal tax
- Payslip preparation (PDF & Digital Dashboard)
- Registration (M1/M2 forms) of employees
- Result: Your team is paid on time and in full compliance with labor laws.
- Annual Final Account
At the end of the fiscal year, we prepare the comprehensive Annual Final Account required by the Central Registry.
- IFRS/GAAP Compliant: We prepare reports that are easy for foreign parent companies to consolidate.
- Full audit support included.
- Real-Time Digital Accounting Platform
We offer a Salesforce-based system (Web, iOS, Android) that gives you:
- Live overview of transactions
- Drag & drop invoice upload
- Secure document storage
- Multi-user access for your CFO or auditors
Frequently Asked Questions (FAQ)
Q: Can I open a company in North Macedonia without living there?
A: Yes. You do not need to be a resident to own or direct a Macedonian company (DOOEL).
Q: Is the process fully remote?
A: The company registration can be done remotely via Power of Attorney. However, opening the bank account usually requires a one-time visit by the CEO.
Q: Do I need a local accountant?
A: Yes. By law, Macedonian companies must submit financial reports signed by a certified accountant. We provide this service in English.
Ready to Start?
If you are ready to launch your business in a low-tax, high-growth environment, the next step is simple.
Complete the registration form: