Setting Up a Company in North Macedonia: Administrative Guide

Published on May 8, 2026 and written by Cyril Jarnias

North Macedonia offers a favorable environment for entrepreneurs looking to establish their business. With simplified procedures and shortened timelines, the country strives to attract foreign investors. Here is a detailed guide to the steps for setting up your company in North Macedonia.

Key steps to launch your business

Starting a business in North Macedonia involves several essential administrative steps:

1. Choose the legal form of your company

• Limited liability company (DOOEL or DOO)
• Joint-stock company (AD)
• Sole proprietorship

Each legal form has its own advantages and disadvantages in terms of liability, taxation, and management. It is recommended to consult a local lawyer to guide you through this crucial choice.

2. Reserve your company name

Once the legal form is chosen, you must check the availability of the desired name for your company with the Central Registry. This step can be done online or directly at the Registry office. The name must be unique and comply with local regulations.

3. Prepare the company’s articles of association

• The company’s name and address
• The business purpose
• The share capital and its distribution
• The names of partners and directors
• The company’s operating rules

It is highly recommended to hire a local lawyer to draft this crucial document.

4. Open a bank account

Opening a bank account in the company’s name is mandatory. You will need to deposit the minimum required share capital based on the chosen legal form. This account will also be used for the company’s future transactions.

5. Register with the Central Registry

The official registration of your company is done with the Central Registry of North Macedonia. This step can be completed online or in person. You will need to provide all required documents and pay the registration fees.

6. Obtain a tax identification number

After registration, you must obtain a tax identification number from the Macedonian tax administration. This number is essential for all tax filings and business transactions.

7. Register for social security

If you plan to hire employees, you must register with the Macedonian social security institution. This step is mandatory and ensures coverage for your employees.

Essential documents based on your legal structure

The documents required to set up your company vary depending on the chosen legal form. Here is an overview of the main documents to prepare:

• Articles of association
• Identification documents of founders and directors
• Proof of company address
• Certificate of share capital deposit
• Sworn declaration of directors

• Articles of association
• Minutes of the constitutive assembly
• List of shareholders
• Proof of share capital payment
• CVs and identification documents of directors

• Identification document of the founder
• Proof of residence
• Description of the intended activity
• Sworn declaration

Timelines and costs: what you need to know

Setting up a company in North Macedonia is relatively fast and inexpensive:

• Name reservation: 1-2 business days
• Registration with the Central Registry: 1-3 business days
• Obtaining a tax number: 1-2 business days

• Registration fees: approximately 50 euros
• Notary fees (if required): 100-200 euros
• Minimum share capital: – DOOEL: 5,000 euros – DOO: 5,000 euros – AD: 25,000 euros

Tips for a successful setup

To maximize your chances of success when setting up your business in North Macedonia, here are some recommendations:

1. Get support from local professionals

A lawyer and accountant familiar with the local context will be invaluable allies for navigating administrative complexities and avoiding costly mistakes.

2. Master the language

Although English is widely spoken in business circles, proficiency in Macedonian or using an interpreter may be necessary for certain procedures.

3. Familiarize yourself with local culture

Understanding the country’s customs and practices will help you build better business relationships and avoid cultural missteps.

4. Anticipate post-creation steps

Don’t forget the tax, accounting, and social obligations that will follow the creation of your company. Good planning will save you a lot of trouble.

5. Explore available support

Look into tax incentives and support programs for foreign investors offered by the Macedonian government.

Starting a business in North Macedonia may seem complex at first, but with good preparation and proper support, the process can be relatively quick and smooth. The country offers a business-friendly environment and interesting opportunities for foreign entrepreneurs.