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Ease of Doing Business in

Macedonia, FYR

Macedonia, FYR Download Profile (1749.6KB, pdf)
Region Europe & Central Asia
Income Category Upper middle income
Population 2,078,453
GNI Per Capita (US$) 5,140
City covered Skopje

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 10 16 up
6
81.74 79.19 down
2.55
Starting a Business 4 3 down
1
98.14 98.14
-
Dealing with Construction Permits 11 12 up
1
81.71 81.34 up
0.37
Getting Electricity 29 44 up
15
84.51 81.33 up
3.18
Registering Property 48 48
-
74.05 74.02 up
0.03
Getting Credit 16 42 up
26
80.00 65.00 up
15.00
Protecting Minority Investors 13 22 up
9
73.33 68.33 up
5.00
Paying Taxes 9 8 down
1
91.67 91.67
-
Trading across Borders 27 27
-
93.87 93.87
-
Enforcing Contracts 36 27 down
9
67.79 70.46 down
2.67
Resolving Insolvency 32 39 up
7
72.38 67.73 up
4.65

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 4

DB 2016 Rank: 3

Change in Rank: down1

DB 2017 DTF (% points): 98.14

DB 2016 DTF (% points): 98.14

Change in DTF (% points): 0.00

Standardized Company
Legal form: Drustvo so ogranicena Odgovornost (DOO) - Limited Liability Company
Paid-in minimum capital requirement: EUR 0
City: Skopje
Indicator Macedonia, FYR Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 2.0 4.9 4.8
Time – Men (days) info_outline 2.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 0.1 4.7 3.1
Procedure – Women (number) info_outline 2.0 4.9 4.8
Time – Women (days) info_outline 2.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 0.1 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Registration with the Central Registry and obtaining a company seal

    Agency: Central Register

    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).

    According to the amendment of the Law on trade companies, Published in the Official Gazette of the Republic of Macedonia nr. 38 from 24.02.2014, registration of LLCs must be conducted in electronic form with the assistance of authorized registration agents who are the only authorized entities to submit applications for registration. The electronic registration is free.
    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.

    Registration agents have public authorization to prepare the application and the accompanying company deeds, and also to convert paper documents issued by other institutions needed for establishing the company into electronic form, to digitally sign and submit them through the existing system for e-registration of the Central Register, in the name and on behalf of different parties. The registration agents have public authorization to determine the identity of the participants, such that the need for notarization of documents is now completely eliminated. The entire company registration procedure is completed at the site of the registration agent.

    The founders shall transfer the amount of the principal capital on a temporary account in a commercial bank of their choosing. After the registration is completed the bank account of the newly founded company shall be opened.
    1 day MKD 250 for standard seals and 2,200 for automatic seals.
    2

    Registration for VAT

    Agency: Public Revenue Office

    Companies beginning with carrying out of a commercial activity which predict to achieve turnover over 2,000,000 denars are obliged to be registered for VAT purposes. The VAT registration is carried out by submitting of an application for registration for the value added tax (Form DDV-01). The application for VAT registration is submitted to the Public Revenue Office.
    Taxpayers who began carrying out commercial the activity during the calendar year must submit VAT registration application within 15 days of the start of the activity.
    1 day free of charge