Macedonia, FYR

Starting a Business in

Macedonia, FYR

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Macedonia, FYR. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 185 economies. The most recent round of data collection was completed in June 2012.

Compare Macedonia, FYR to 184 other economies.

  • Standardized Company

  • Legal Form: Društvo sa ograni?enom odgovornoš?u (DOO) - Limited Liability Compan
  • Paid in Minimum Capital Requirement: None
  • City: Skopje

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No. Procedure Time to Complete Associated Costs
1 Notarize the company deeds and other documents

The following documents need to be notarized: (1) agreement for establishing a company (or articles of association); and (2) signature specimen of the manager (or ZP obrazec in Macedonian). The notary fee is charged based on the number of signatures being notarized. The cost per signature is 100 MKD + 50 MKD court tax. Since there are 5 co-founders, the fee for the first document is 5x150=750 MKD. The second document needs to be prepared in at least two copies: one remains with the notary and at least one for the signatory. The notary fee for this document is 150 x 2 copies= 300 MKD. The total cost is 1050 MKD.
1 day (1 hour) MKD 1050
2 Registration with the Central Registry and obtaining a company seal

Company founders can prepare registration documents themselves. A one-stop shop system was implemented on January 1, 2006. The Central Register of Republic of Macedonia is the single institution for registering LLCs and other forms of trade companies, foreign representative offices, and other entities. This registration process includes registering the company with the Trade Register, providing the LLC statistic number, opening the LLC bank account, registering the company in the Public Revenue Office–Tax Office, and publishing the LLC formation notice on the Central Register’s Web site (www.crm.com.mk).
With the amendments on the Law on One Stop Shop (Official Gazette 150/2007 from 12.12.2007) connection is now established between the Central Registry and the Employment Agency which allows registering of first employment of directors through CRM and registering employees with the social fund.

The official costs for registration of the different types companies in the Central register of the Republic of Macedonia are the following:

• Individual trader MKD 1.952
• Limited Liability Company MKD2.399
• Stock company MKD 3.852,00.
• Other type of companies MKD 2.452,00.

In June 2011 the Management Board of the Central Register of Republic of Macedonia made changes to the existing tarif, on which the Macedonian Government has given its consent in September 09/06/2011, pursuant to which the fee for establishing llc or llc by one person using the the system for e-registration is reduced for 10% of the basic tarif and now is 2244.00 denars, and for the for students who decide to establish their company through this system the tarif item is reduced by 50% of the existing and now it is 1,199.00 denars.
1 day MKD 2399 + MKD 250 for standards seals and 1,000 for automatic seals.
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