New business setup in North Macedonia
North Macedonia, situated strategically in Europe, is becoming more popular among entrepreneurs looking for reliability and growth. Learn about the necessary steps, advantages, difficulties, and legal possibilities for establishing a business in North Macedonia. In addition, we offer efficient solutions for setting up a business seamlessly online and remotely.
Formalities and procedures
We offer a range of services to assist you throughout the process and ensure that you meet all the necessary criteria
Business planning
Before starting a new business, it is essential to conduct comprehensive market research and corporate planning. Our assistance includes developing a detailed business plan, analyzing market trends, identifying your target audience, and evaluating the competitive landscape.
Choose your legal structure
North Macedonia provides different types of legal structures that are appropriate for starting new businesses, such as Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, Holding Company, among others. The selection of the type of entity depends on factors such as the size of the business operations, ownership arrangement, and liability preferences.
Reserve a company name
Choose a one-of-a-kind and easily recognizable name for your business and make sure it is not already taken by checking the Commercial Register.
Set up legal address
Having a proper legal address is essential when starting a new business. This address acts as the main contact point for government agencies, legal entities, and important business communications. It is imperative to choose a legal address that follows local laws and meets the requirements of your business.
Draft articles of association
Our knowledgeable team helps you create precise and thorough articles of incorporation customized to your selected legal structure. We guarantee compliance with all legal guidelines and take care of the submission process for you, thus saving you time and energy.
Registration
We handle the registration process with the necessary authorities, including the North Macedonia Trade and Companies Register and tax authorities, to alleviate the administrative burden. This guarantees that your new business is legally acknowledged and compliant right from the beginning.
Open a bank account
Open a business bank account in North Macedonia to make financial transactions easier. Our team of experts will help with the process.
Setup accounting
It is essential to maintain accurate financial records when launching a new business. Our accounting experts can help establish robust accounting and bookkeeping practices that comply with Bosnia’s regulations.
New business examples
Businesses come in a wide range of sizes, having diverse requirements and effects on the economy. Recognizing the market landscape aids aspiring entrepreneurs in pinpointing potential opportunities. Let’s examine possible new ventures across various scales:
Small businesses
Embarking on a small business venture can be thrilling and demanding, while also being essential for the growth of local economies. Some instances include neighborhood coffee shops, online stores selling handcrafted items, pet grooming parlors, and independent web design services.
Medium businesses
Businesses that fall into the medium-sized category, such as regional stores, software companies, event planners, and fitness studios, typically have a larger customer base and staff compared to small businesses. Despite this, they have not yet grown to the magnitude of large corporations.
Large businesses
Big companies such as multinational corporations, airlines, car manufacturers, and retail giants are the leaders in their respective fields. They possess extensive resources, large staffs, and significant market power. Many times, these large businesses have a global presence.
Common mistakes when setting up a new business
New businesses frequently face typical challenges that can be minimized with forethought and strategic planning.
Inaccurate documentation
We guarantee that all of your paperwork is thorough, precise, and meets legal standards, minimizing the chance of bureaucratic problems.
Lack of understanding of local regulations
We offer extensive support on local laws, tax requirements, labor regulations, and other legal responsibilities, making sure you comply with legal requirements.
Inadequate financial planning
Our team helps you create practical financial projections, budget effectively, and secure financial resources to achieve your company’s objectives.
Insufficient market research
Failure to understand the local market properly can impede success. Carry out comprehensive market research to pinpoint both opportunities and challenges.
Inadequate marketing
Numerous businesses face challenges because of a lack of marketing activities. Enhance your online visibility and discover various digital marketing techniques.
Our solutions: Business formation made easy
The team offers solutions that are both practical and effective, tailored to meet your specific needs as a result of this:
Business formation online
Using the North Macedonia online platform, individuals can complete the process of starting a business from anywhere in the world. Monitoring progress, submitting documents, and accessing services can all be done using secure digital channels, creating a smooth and convenient experience.
Business formation remotely
While in North Macedonia, if you prefer a more hands-off approach, we are responsible for handling all of the necessary paperwork. Our team of experts will take care of all the formalities, complete the required documentation, and liaise with the relevant authorities on your behalf to ensure your peace of mind.
Contact us
Don’t let the chance to start your business in North Macedonia slip away. Reach out to us now for customized support, whether you opt for the ease of online registration or the flexibility of remote business formation. Our skilled team is ready to assist you at every stage, guaranteeing a smooth and prosperous launch for your business. Make sure you take advantage of the opportunities that North Macedonia offers for your entrepreneurial ventures!