Advantages of Doing Business in North Macedonia

Advantages

  • A growing European country with strong economy
  • Full Parliametary democracy
  • Fixed currency to Euro
  • Unrestricted access to EU, CEFTA, Turkey, Ukraine...
  • Crossroad of Silk Road Corridor 8 and Corridor 10
  • Lowest Corporate Tax in EU (10%)
  • Zero tax in Manufacturing Free Zones
  • Lowest Income Tax in EU (10%)
  • Zero tax as non-resident status
  • Well developed infrastrucrture, roads, and railway
  • East (Asia via Turkey and Greece) meets West (via North Macedonia)
  • Short delivery time-of-production to Europe
  • Internationally regulated banks and banking policies
  • Highly skilled and competitive labor cost
  • Easy and fast company/business registration and set-up
  • 100% foreign ownership
  • Excellent governance and reliability of institutions

Top Growing Industries and Exports

  • Automotive Parts manufacturing
  • Machinery
  • Agriculture and Meat
  • Food & Beverage
  • Pharmaceuticals
  • Textile
  • IT and Telecommunications
  • Medical Tourism
  • Pharmaceutial Cannabis
  • Real Estate
  • Banking
  • Free Zone Manufacturing
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