HOW A FOREIGN CITIZEN CAN ESTABLISH A SOLE PROPRIETOR (SINGLE TRADESMAN) FORM IN NORTH MACEDONIA, IN ORDER TO BE SUBJECT OF ONLY 10% PERSONAL INCOME TAXATION

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According to regulations in North Macedonia a foreign citizen in order to register for a business activity as Sole Proprietor in North Macedonia needs to have a permanent place of residence in North Macedonia. Since according to the Macedonian regulations based on doing working activity a foreign citizen may apply and become temporary residence permit … Read more

BRANCH OFFICE OF A FOREIGN LEGAL PERSON IN NORTH MACEDONIA

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According to regulations in the Macedonian Company Law, foreign company/legal person may organize branch offices and representative offices in North Macedonia. Foreign legal person has a right through its branch office to do according to its form and area of operation all activities, to acquire and take over obligations, is entitled to access to the … Read more

MEANS FOR SECURING OF CREDITORS OPEN CLAIMS AGAINST DEBTORS IN NORTH MACEDONIA

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According to regulations of the Law on securing of claims in North Macedonia, the following legal means stay at creditors disposal for securing its open claims against debtors in North Macedonia: – right on mortgage over immovables,– right on pledge over movable objects,– previous measures,– temporary measures,– transfer of ownership over objects and transfer of … Read more

WITHHOLDING OF TAX IN NORTH MACEDONIA FOR INCOME PAID TO FOREIGN LEGAL PERSONS

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Except if regulated different with international agreements for avoiding of the double taxation, according to the regulations in the Macedonian Law on profit tax , the following persons are obliged to withhold the tax for the paid income to foreign legal person: domestic legal person,domestic natural person registered for doing a business activity,foreign legal person … Read more

TAXATION WITH PROFIT TAX IN NORTH MACEDONIA

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According to the regulations of the Law on profit tax, taxation in North Macedonia with profit tax amounts 10% as flat rate taxation. Tax payer of the profit tax is a legal person resident in North Macedonia which has profit from doing activity in North Macedonia and abroad. Character of resident in North Macedonia is … Read more

TERMS FOR FAILING UNDER THE STATUTE OF LIMITATION FOR DAMAGE COMPENSATION IN NORTH MACEDONIA

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According to the regulations in the Macedonian Law requests for compensation of caused damage fall under the statute of limitation after three years from the date when the damaged person have found out the damage and the person which caused the damage and in any case latest after five years after the date at which … Read more

FORMS OF COMPANIES IN THE REPUBLIC OF NORTH MACEDONIA

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According to the Law on trade companies of North Macedonia, a trade company is a legal entity wherein one or more persons invest money, contributions in kind and/or rights in assets, used for joint operation and where such persons jointly share the profit or loss from such operation. A trade company independently and continuously performs … Read more

CHRISTMAS CARD

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LAWYERS ANTEVSKI wishes to all its clients and business partners Merry Christmas and a happy and prosperous New Year !