Starting a business in North Macedonia

Legal Forms of Companies

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.

Business Setup Procedures

Source: Doing Business - Latest available data.