The Former Yugoslav Republic (FYR) of Macedonia is an upper middle-income country that has made great strides in reforming its economy over the last decade. While the country has made significant progress in terms of its economic development, efforts across a range of areas are still needed to generate economic growth that will create jobs and improve living standards for all.

Since its independence in 1991, Macedonia has made significant progress in liberalizing its economy and improving its business environment, but has lagged the Balkan region in attracting foreign investment.

Business climate seminar. Video presentation of key note speaker of the seminar is Mr. Goran Mickovski, the Macedonian Minister for Foreign Investments

There are five forms the business may be organizedMacedonia: Limited Liability Company (Drushtvo so Ogranichena Odgovornost – DOO); Joint-Stock Company (Akcionersko Drushtvo – AD ); General Partnership (Javno Trgovsko Drushtvo – JTD); Limited Partnership (Komanditno Drushtvo – KD); Limited Partnership with Shares (Komanditno Drushtvo so Akcii – KDADA)

See 6.2 (page 26) of this report from PWC on doing business in Macedonia

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Macedonia, 

Macedonia is one of the most financially stable countries in Eastern Europe with one of the easiest company formation processes.

The Corporate Tax Rate in Macedonia stands at 10 percent. Corporate Tax Rate in Macedonia averaged 10.70 percent from 2006 until 2015, reaching an all time high of 15 percent in 2006 and a record low of 10 percent in 2008. Corporate Tax Rate in Macedonia is reported by the Public Revenue Office.

Generally, all resident and non-resident legal entities operating through a permanent establishment (PE) are liable to pay corporate income tax (CIT) in Macedonia.

The Personal Income Tax Rate in Macedonia stands at 10 percent. Personal Income Tax Rate in Macedonia averaged 13.17 percent from 2004 until 2015, reaching an all time high of 24 percent in 2005 and a record low of 10 percent in 2008. Personal Income Tax Rate in Macedonia is reported by the Public Revenue Office.

Personal income is subject to a flat 10% tax rate.

The Sales Tax Rate in Macedonia stands at 18 percent.

In the long-term, the Macedonia Sales Tax Rate | VAT is projected to trend around 18.00 percent in 2020, according to our econometric models.

Visa requirements by country for entry into Macedonia from the Ministry of Foreign Affairs

Comprehensive Information on Macedonia Visa Requirement

59 tips on getting to and getting around Republic of Macedonia from real travelers and locals.

Taxis are the most popular means of travel for visitors to Macedonia, but it’s advisable to avoid drivers soliciting rides at train and bus stations.

As part of EU integration legislation has implemented the principles of the EU’s regulatory framework for communications, established an independent regulator and set out a number of provisions to provide for a competitive telecom market, including wholesale access to the incumbent’s fixed-line network. 

Macedonia’s mobile market is served by a triopoly of mobile network operators, two of which benefit from the technical know-how and financial resources of parent companies Deutsche Telekom and Telekom Austria. 

Labor Code of Macedonia

Labor Relations Act – See Part VII “Termination of Employment”

Labor Code of Macedonia

Latest travel advice for Macedonia including safety and security, entry requirements, travel warnings and health

Travel advice for Macedonia. “Perfectly safe.” That’s how many travellers in different travel forums have described the Republic of Macedonia

This site lists the most popular international and bilingual schools in Macedonia, including nursery schools, primary and secondary (high) schools. 

This site provides a table that describes the levels of education avaialble in Macedonia

Guide to travel, doing business, and studying in Macedonia – culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.

Macedonia on the face of it is still a fairly formal society. This reflects in the rather proper and reserved nature of initial meetings.

Macedonia’s climate features hot summers and cold winters. May-October is an excellent time to visit, as it’s the warmest and driest part of the year.

Republic of Macedonia is characteristic of three different climates: Changed Mediteranean, Mountaneous and Mildly Continental

Average prices of more than 40 products and services in Macedonia. Prices of restaurants, food, transportation, utilities and housing are included.

Cost of living comparisons in more than 1,600 cities all over the world. 

See “People and Society” on this CIA site

This site describes the the demographic features of the population of Republic of Macedonia, including population density,ethnicity, education level, health of the populous, economic status, religious affiliations and other aspects of the population.

This site provides the complete list of Macedonia’s public holidays for 2016 and 2017

Macedonia holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016

Information for US exporters to Macedonia

This site provides key information on the former Yugoslav Republic of Macedonia’s participation in the WTO. The former Yugoslav Republic of Macedonia (FYROM) has been a member of WTO since 4 April 2003.

Macedonia is a signatory of three multilateral Free Trade Agreements. In addition to the multilateral, Macedonia has also signed two bilateral Free Trade Agreements

Customs regulations and procedures for importing and exporting goods at border. 

Vacation rentals in Macedonia

Macedonia benefits from a reasonably well-established tourist industry thanks to the richness of its archaeological and historical sites, as well as its natural beauty.

Information on air and ground transportation, attractions and excursions

Part Balkan, part Mediterranean and rich in Greek, Roman and Ottoman history, Macedoniaoffers impressive ancient sites side by side with buzzing modernity,