Operating a Business

flag North Macedonia North Macedonia: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labour | Social Partners

 

Setting Up a Company

General Partnership
Number of partners: Minimum of 2 partners
Capital (max/min): No minimum required
Shareholders and liability: Unlimited
Limited Partnership
Number of partners: Minimum of 2 partners
Capital (max/min): No minimum required
Shareholders and liability: Active partners have unlimited liability
Limited Liability Company (D.O.O.)
Number of partners: Less than 50
Capital (max/min): EUR 5,000
Shareholders and liability: Liability is limited to the amount contributed
Joint-Stock Company
Number of partners: Minimum of 1 and up to 50.
Capital (max/min): EUR 25,000 for companies incorporated simultaneously
and EUR 50,000 for companies incorporated successively.
Shareholders and liability: Liability limited to the amount of  the partner's investment in the company.
The Competent Organisation
Enterprises are registered at the Central Registry from the Ministry of Economy.
 
Setting Up a Company North Macedonia Eastern Europe & Central Asia
Procedures (number) 6.0 5.3
Time (days) 15.0 11.8

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in North Macedonia
Trade register

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The Active Population in Figures

201820192020
Labour Force 959,881966,408897,070

Source: International Labour Organization, ILOSTAT database

 
201720182019
Total activity rate 65.10%65.25%66.07%
Men activity rate 78.31%78.12%77.16%
Women activity rate 51.49%52.00%54.65%

Source: International Labour Organization, ILOSTAT database

 

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Working Conditions

Legal Weekly Duration
Working hours amount to 40 hours per working week. Consult  Labor Relations Law.
Retirement Age
63 years old for men

 

60 years old for women

There is a minimum of 20 years worked to qualify for retirement.  Consult the Retirement Law.

Working Contracts
Contracts of  permanent employment are of an unlimited period of  time.  There are temporary contracts, limited to  a maximum of nine consecutive months, used for seasonal employment, increment of activities or replacements.
Labour Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labour

Minimum Wage
No minimum wage exists.
Average Wage
The average monthly gross earnings in North Macedonia is MKD 24,770 (EUR 400).
Social Contributions
Social Security Contributions Paid By Employers: Sickness, Maternity: 9.2%

Retirement, Disability: 21.2%

Unemployment: 1.6%

Consult the Retirement and Disability Funds (in Macedonian)
Social Security Contributions Paid By Employees: Insurance is obligatory: 0.5%

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Social Partners

Social Dialogue and Involvement of Social Partners
In the public sector, union power is very important, salaries have been raised after negotiations with labor unions or after strikes of employees.

 

However, in the private sector, unions are almost nonexistent.

Unions
Trade Union of the workers in Chemical, Metal and Non- Metal Industry
European Trade Union Cooperation
Unionisation Rate
45% of the workforce is organized.
Labour Regulation Bodies
Employment  Service Agency
Ministry of Labor and Social Affairs

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Latest Update: November 2022