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.

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:

Business start-up was simplified by integrating procedures at a one-stop shop.


Positive Dealing with Construction Permits:

The construction permit process has been reformed, shortening waiting times but raising fees.


Positive Registering Property:

Property registration was eased with the introduction of new time limits at the real estate cadastre—reducing the average time to register a title deed by eight days—and a non-encumbrance certificate can now be obtained from the real estate registry instead of through the court.


Positive Getting Credit:

The public credit bureau increased its coverage by introducing a better database that includes more information and by lowering the minimum loan threshold.


Positive Protecting Investors:

Investor protections were increased by regulating the approval of transactions between interested parties, increasing disclosure requirements in annual reports, and making it easier to sue directors in cases of prejudicial transactions between interested parties.


Positive Paying Taxes:

Social security payments were classified in five groups, and social security contribution rates reduced.


DB2009:

Positive Starting a Business:

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


Positive Registering Property:

A new cadastre law and a staff increase at the cadastre office helped to reduce the time needed to register property.


Positive Getting Credit:

A new law on personal data protection allows borrowers to check their information at the credit registry, improving its quality and accuracy.


Positive Paying Taxes:

The corporate income tax was reduced to 10 percent effective January 1, 2008.


Positive Trading Across Borders:

The time required to import and export fell, thanks to rationalization of the customs fee schedule, permit structure, improved risk based inspections, simplification of a customs procedure, and abolishment of required documents.


Positive Enforcing Contracts:

The government continued to systematically equip courts with electronic case management systems, and the commercial court in Skopje became operational, speeding contract enforcement in commercial matters.


DB2008:

Positive Starting a Business:

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


Positive Dealing with Construction Permits:

The time to obtain a construction license was decreased through administrative reform of the Real Estate Registry.


Positive Paying Taxes:

The corporate tax rate was lowered to 12% (with further reduction to 10% planned for 2008) and introduced a new e-tax service.


Subnational Reforms

See subnational business reforms in South East Europe

Reform Summaries


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