Despite its small size and modest domestic market, North Macedonia offers compelling advantages for businesses looking to expand or relocate:
Strategic Location
Situated at the crossroads of two major Pan-European transport corridors (Corridors VIII and X), North Macedonia offers direct access to key regional and EU markets.
Liberal Trade Regime
North Macedonia maintains a highly liberalized foreign trade policy. Through bilateral and multilateral agreements, local producers benefit from duty-free access to the European Union, EFTA countries, CEFTA region, Türkiye, Ukraine, and other key markets—positioning the country as a competitive production and export platform.
Macroeconomic Stability
The country boasts a stable monetary environment, low inflation, and a fixed exchange rate pegged to the euro, providing predictability for investors.
Favorable Tax Environment
North Macedonia offers one of the most attractive tax systems in Europe, with a flat 10% corporate income tax rate. Investors operating in the Technological Industrial Development Zones (TIDZs) enjoy additional incentives, including a 10-year tax holiday on corporate profit tax, personal income tax, VAT, customs duties, and other levies.
Skilled and Cost-Effective Workforce
The labor force is highly educated, multilingual, and competitively priced—among the most favorable in Europe in terms of labor costs.
Pro-Business Government
The Government of North Macedonia is committed to supporting foreign investors through streamlined administrative procedures, institutional support, and a predictable legal environment.
Euro-Atlantic Integration
As a NATO member and EU candidate country, North Macedonia ensures long-term political and economic stability.
Fast and Simple Company Registration
Through a streamlined One-Stop-Shop system, businesses can be registered in less than 4 hours, one of the fastest procedures in the region.