Legal entity types in North Macedonia compared
We have a team that is dedicated to helping entrepreneurs navigate the complexities of North Macedonia’s business regulations. Our full range of services will help you select the best business structure for your venture and ensure that you are meeting all necessary legal obligations. Let’s examine the different business structures that are available and discuss how we can assist you in establishing your business in this thriving European country.
Legal entities in North Macedonia
Below is a summary of the most commonly used legal entities in North Macedonia:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Limited Liability Company | Друштво со ограничена одговорност | MKD 308000 (€ 5000) | Directors | 7 days |
| Joint Stock Company | Акционерско Друштво | MKD 1540000 – MKD 3080000 (€ 25000 – € 50000) | Board of directors | 12 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Limited Liability Company (Друштво со ограничена одговорност)
The Limited Liability Company is a popular business format in North Macedonia that gives owners limited liability protection. It has adaptable management and capital needs, making it a good choice for entrepreneurs. Our assistance is available to help you establish your Limited Liability Company in North Macedonia.
Joint Stock Company (Акционерско Друштво)
The Joint Stock Company is frequently selected for big businesses in North Macedonia due to its capability to raise funds through public offerings and its flexibility in share transfers. We are available to help you with the registration procedure for your Joint Stock Company in North Macedonia.
Branch Office
A branch office serves as a continuation of the main company, enabling it to operate in a different area while keeping its initial legal status. Opening a branch office in North Macedonia can benefit businesses seeking to grow in the country without forming a new legal entity. By functioning as a branch, the main company can utilize its current brand recognition and assets to enter new markets. We provide extensive assistance in navigating the complexities of establishing and overseeing a branch office in North Macedonia, guaranteeing a seamless and lawful entry into the market.
Holding Company
A holding company is commonly used as a strategic tool to control other companies by owning their shares. In North Macedonia, setting up a holding company can provide advantages like centralized management, risk diversification, and tax benefits. By organizing your business in this way, you can better manage multiple subsidiaries, simplify decision-making, and improve tax planning. Our team of experts offers personalized guidance and support to help you create and run a holding company in North Macedonia while ensuring compliance with regulations and maximizing your corporate structure’s potential.
Requirements for starting the business
Let’s examine the necessary conditions for initiating any form of business organization in North Macedonia and the assistance our committed team provides throughout the process.
Minimum share capital
North Macedonia requires minimum share capital based on the business structure chosen. Our team will help you calculate and meet the required share capital for your company, ensuring regulatory compliance and efficient use of financial resources.
Directors and shareholders
In order to operate in North Macedonia, every company must have appointed directors and shareholders. Our experts can provide valuable guidance in selecting appropriate directors who will contribute their experience to the company and align with your future goals.
Legal duties and obedience
It is essential to stay on top of obligations such as registration, reporting, and tax requirements with the relevant authorities. Our legal team will handle the administrative tasks to ensure that the business remains fully compliant, allowing you to concentrate on your main operations without worrying about paperwork.
Book a consultation
The team makes an effort to comprehend your objectives, sector, and obstacles, allowing us to offer tailored assistance during the establishment of your business. We assure a smooth and trouble-free path to creating a successful company in North Macedonia using our expertise and commitment to delivering excellent service. Don’t let the challenges of starting a business in North Macedonia hinder your success. Trust us to help your company reach its fullest potential. To start your path to success, reach out to us today. Simply complete and submit the form below, and our experts will reach out to you.