I N V E S T   I N   M A C E D O N I A

 

W H A T   W E   O F F E R

 

Tax Advantages

Macedonia has recently become a tax heaven in Europe. The Government recently introduced a flat tax for corporate and personal income, while corporate tax on re-invested profit is set at 0%.

Macedonia has one of the most attractive packages of taxes in Europe. There are special tax incentives in the Technological–Industrial Development Zones (TIDZ).

The flat tax system enables transparent and efficient administrative procedures. A tax system with a sole flat tax allows simple calculation and easy filling out of tax forms. The tax authorities have established a Special Unit for large tax payers.

In order to avoid double taxation of foreign companies located in the Republic of Macedonia, 32 double taxation agreements have been concluded on a bilateral basis out of which 26 are in force. It is expected that the remaining 6 will be ratified soon.

 

Fast Registration of Companies, One-Stop-Shop System

Because “time is money”, the Government has introduced a one-stop-shop system that enables investors to register their businesses within 3 days. The registration is made by visiting one office, obtaining the information from one place and addressing one employee. This significantly reduces administrative barriers and start up costs.

 

FREE ECONOMIC ZONES and TECHNOLOGY PARKS

Since February 2007 new regulations on Technological–Industrial Development Zones (TIDZ) were introduced to stimulate establishment of centers in which highly productive manufacturing activities are concentrated and new technologies are being developed.

Macedonia offers an excellent range of incentives for projects developed in TIDZ.

The Government pays special attention to production activities, activities from the IT area (software creation, hardware assembling, digital recording, computer chips and the like), scientific research activity and new technologies with high environmental standards, for which additional benefits are envisaged within TIDZ. Investors in TIDZ that perform these activities are exempt from the liability for submission of a guarantee as collateral for any customs arrears.

 

Basic informations

Macroeconomic Stability