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