Company formation in Macedonia FYR – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN MACEDONIA FYR

Macedonia offers several advantages for international business and is becoming a popular destination for companies to start operations. Macedonia has a well-educated and flexible workforce, business friendly laws and regulations, a stable political environment and infrastructures that support trade and the efficient movement of goods.

  • It's the easiest place to form a company in the world

  • It has low tax rates and has an excellent trade climate

  • Both locals, as well as foreigners, enjoy the same business rights

  • Exempted from personal and corporate tax for the first ten years

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 shareholder (Individual/ Corporate Entity).
  • Minimum 1 director.
  • A director or shareholder can be the same or different person of any nationality.
  • 100% local or foreign shareholding allowed.
  • Minimum requirement of share capital for registration of a company is Eur 5000.
  • A local registered office address is mandatory.
  • There is no requirement to be physically present at the time of company registration, but banks in Macedonia require the physical presence of the company principals at the time of account opening as part of their due diligence procedure.

DOCUMENTS REQUIRED

Individual Shareholder:

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

Corporate Shareholder:

  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Tax Registration.
  • Assistance in the Corporate Bank Account Opening Process.
  • Provision for the Local Registered Office Address in Macedonia for the 1st Year.

Other Maintenance & Compliance Services:

  • Renewal for the Local Registered Office Address in Macedonia Annually.
  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation procedure will last between 2 to 3 weeks while considering the time it takes to provide us with all the necessary valid documents and power to us in correct form.
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