North Macedonia Geography and Culture

With a population of just over 2 million people, North Macedonia is a Balkan country located in southeastern Europe. Its capital and largest city is Skopje, housing roughly a quarter of the country’s citizens. The majority of the people are ethnic Macedonians, a South Slavic people, with Albanians forming a significant minority at around 25%.

Macedonia’s temperate climate means it has four distinct seasons, with warm and dry summers and moderately cold and snowy winters. It has large biodiversity with hundreds of flowering plants, as well as mosses and ferns. The native forest fauna includes the rare lynx, bears, wild boars, wolves, foxes, squirrels, chamois, and deer. Forest birds include the blackcap, the grouse, the black grouse, the imperial eagle, and the forest owl.

2021
May 1Labor Day
May 3Easter Monday (Orthodox)
May 13Eid al-Fitr
May 24Saints Cyril and Methodius’ Day
August 2Republic Day
September 8Independence Day
October 11Day of People’s Uprising
October 23Day of the Macedonian Revolutionary Struggle
December 8Saint Kliment Ohridski’s Day
  • A.D./А.Д. (Akcionersko Društvo / Акционерско друштво)
  • D.O.O./Д.О.О. (Društvo so Ograničena Odgovornost / Друштво со ограничена одговорност)
  • D.O.O.E.L./Д.О.О.Е.Л. (Društvo so Ograničena Odgovornost od Edno Lice / Друштво со ограничена одговорност основано од едно лице)
  • K.D./К.Д. (Komanditno Društvo / Командитно друштво)
  • K.D.A./К.Д.А. (Komanditno Društvo so Akcie / Командитно друштво со акции)
  • J.T.D./Ј.Т.Д. (Javno Trgovsko Društvo / Јавно трговско друштво)
  • Corporate Tax: 10%
  • Income Tax (Lowest Marginal Rate): 10%
  • Income Tax (Highest Marginal Rate): 18%
  • VAT/GST/Sales Tax: 18% (standard rate), 5% (reduced rate)
  • AL KOSA – Stip (Local Bank)
  • AM – Skopje (Local Bank)
  • Bavag d.o.o.- Skopje (Local Bank)
  • Fersped d.o.o. – Skopje (Local Bank)
  • FULM stedilnica d.o.o.-Skopje  (Local Bank)
  • Gragjanska stedilnica – Skopje (Local Bank)
  • Inko d.o.o. – Skopje  (Local Bank)
  • Interfalko – Skopje (Local Bank)
  • Peon – Strumica (Local Bank)
  • Mak- BS – Skopje (Local Bank)
  • Mladinec d.o.o. – Skopje (Local Bank)
  • Moznosti – Skopje (Local Bank)
  • Alpha Bank AD Skopje (Commercial Bank)
  • Centralna Kooperativna Banka AD Skopje (Commercial Bank)
  • Eurostandard Bank AD Skopje (Commercial Bank)
  • Halkbank AD Skopje (Commercial Bank)
  • Kapital Banka AD Skopje (Commercial Bank)
  • Komercijalna Banka AD Skopje (Commercial Bank)
  • Stater Banka AD Kumanovo (Commercial Bank)
  • Macedonian Bank for Development Promotion AD Skopje (Commercial Bank)
  • NLB Tutunska banka AD Skopje (Commercial Bank)
  • Ohridska Banka AD Ohrid (Commercial Bank)
  • Poštenska Banka AD Skopje (Commercial Bank)
  • Procredit Bank AD Skopje (Commercial Bank)
  • Sparkasse Bank AD Skopje (Commercial Bank)
  • Stopanska Banka AD Bitola (Commercial Bank)
  • Stopanska Banka AD Skopje (Commercial Bank)
  • TTK Banka AD Skopje (Commercial Bank)
  • Univerzalna Investiciona Banka AD Skopje (Commercial Bank)
  • Bank Austria Creditanstalt AG Representative Office – Skopje (Foreign Bank)

Aadmi can support you with your expansion to North Macedonia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

September 10, 2022
What Is Corporate Maintenance? Corporate maintenance is the practice of complying with the record-keeping requirements a country or a regional government imposes on a corpo...
August 26, 2022
When you are expanding into global markets, one of the first things you need to look into is the tax system. From withholding tax laws for payroll to service taxes, there a...
July 28, 2022
Aadmi Aadmi is a full-service HR consultancy firm and a global expansion/retraction partner that companies can rely upon when expanding into or moving out of another countr...
June 21, 2022
Whether you have already expanded into another country and are hiring local resources or simply wish to draw from a foreign talent pool, there are a few things you need to ...
Not found