Business Reforms in Macedonia, FYR

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

DB2013:

Positive Starting a Business:

FYR Macedonia made starting a business easier by simplifying the process for obtaining a company seal.


DB2012:

Positive Dealing with Construction Permits:

FYR Macedonia made dealing with construction permits easier by transferring oversight processes to the private sector and streamlining procedures.


Positive Registering Property:

FYR Macedonia made registering property easier by reducing notary fees and enforcing time limits.


Positive Getting Credit:

FYR Macedonia improved its credit information system by establishing a private credit bureau.


Positive Resolving Insolvency:

FYR Macedonia increased the transparency of bankruptcy proceedings through amendments to its company and bankruptcy laws.


DB2011:

Positive Starting a Business:

FYR Macedonia made it easier to start a business by further improving its one-stop shop.


Positive Paying Taxes:

FYR Macedonia lowered tax costs for businesses by requiring that corporate income tax be paid only on distributed profits.


DB2010:

Positive Starting a Business:

FYR Macedonia simplified business start up by integrating procedures at a one stop shop.


Positive Dealing with Construction Permits:

FYR Macedonia has been reforming the dealing with construction permit process resulting in time reduction.


Positive Registering Property:

FYR Macedonia eased the process of property registration with new time limits at the Real Estate Cadastre decreasing the average time to register a title deed by 8 days, while non-encumbrance certificate can now be obtained from the Real Estate Registry instead of through court.


Positive Getting Credit:

The Public Credit Bureau in FYR Macedonia increased its coverage due to an improved database, inclusion of more information, and a lower minimum loan threshold.


Positive Protecting Investors:

FYR Macedonia increased investors’ protection by regulating the approval of transactions between interested parties, increasing disclosure requirements in the annual report and making it easier to sue directors in cases of prejudicial transactions between interested parties.


Positive Paying Taxes:

FYR Macedonia has clarified social security payments according to five types, and has reduced social security rates.


DB2009:

Positive Starting a Business:

The one-stop shop system was updated to carry out full range of business start-up processes reducing the number of procedures and days.


Positive Registering Property:

The new Law on Cadastre reduced the time needed to register property by increasing the staff in the Cadastre office. As a result of this increased processing capacity, the time to obtain a copy from the cadastre sheet and the time to obtain the new title deed decreased.


Positive Getting Credit:

In FYR Macedonia, the new law on Personal Data Protection guarantees that borrowers can review the data stored in the public credit registry. Borrowers can now check their credit information, improving the quality and accurateness of the information in the registry.


Positive Paying Taxes:

Effective January 1, 2008, the corporate income tax has been reduced from 155 to 10%.


Positive Trading Across Borders:

Rationalization of the customs fee schedule, permit structure, improved risk based inspections, simplification of a customs procedure, and abolishment of a document led to a decrease in export and import time, as well as 1 document.


Positive Enforcing Contracts:

FYR Macedonia continued to equip courts systematically with electronic case management systems. The commercial court in Skopje also began operating.


DB2008:

Positive Starting a Business:

FYR Macedonia eliminated the paid-in minimum capital requirement and is working on online registration system for business start-up.


Positive Dealing with Construction Permits:

FYR Macedonia made obtaining construction permits faster by reducing the time to issue land ownership certificate.


Positive Paying Taxes:

FYR Macedonia reduced the tax burden for companies by reducing CIT and made it easier to pay taxes for companies by introducing electronic facilities for tax filing and payment.


Subnational Reforms

See subnational business reforms in South East Europe

Reform Summaries


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