La Macedonia

Macedonia

1. Type of law: advantage and inconvenient

Macedonia is operating under Civil law with juridical examination of the legal acts.

Types of the companies: statues

Type of companies

Capital required

Partners and associates and responsibilities

General Partnership

Illimited

2 minimum

illimited

Limited Partnership

Illimited

2 minimum

At least 1

Limited Liability Company (d.o.o.)

5000€ Less than 50

None

Joint Stock Company

25000€ if simultaneous regoupment

50000€ if following regroupment

1 minimum

Limited to the contributed amount

2. Time and formalities: need to create a company

Time:

Time : 3 days

Procedures: 3

Document required:

1. Notarize the company deeds and other documents MKD 1050, 1hour

2. Registration with the Central Registry MKD 2399, 1 day

3. Make a company seal, MKD 400-2,400, 1 day

3. Taxation

Consummation taxes

• Standard rate: 18%

• Reduced rates: 5% for food, water, books and journals.

Export rate : 0.

Exemptions for accomodations furniture, flat rate, bank services, insurances, health and education.

Other taxes: alcohol, tobacco, motors engines, petrol products

Corporation taxes

• Corporation taxation:

• Standard rate: 10%

• Foreign companies : 18%

Gain taxation

On the same base than corporate tax

Deductible elements:

Profits reinvested are not taxed.

IT technologies companies benefits from 10 years of exemption of corporate tax and of a deduction of 50% of their income tax during 5 years

Other enterprises taxes:

Taxe

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