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Fees and timelines in 2024

Fees

payment by instalmentNorth Macedonia LLC setup costs in Year 1 will amount to €8,725 and annual company costs in Year 2 and thereafter will amount to €2,750. The average fee per engagement amounts to €16,000 including i) North Macedonia company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.

Different Macedonia entity types Cost Draft invoice
Tax resident LLC €16,000 View invoice PDF
JSC €16,600 View invoice PDF
Branch of a foreign company €16,400 View invoice PDF
Representative office €16,600 View invoice PDF
Turnkey solutions €16,950 View invoice PDF

Other fee considerations

Timelines

The average North Macedonia company registration period is 12 weeks as outlined below:

Service LLC JSC Branch Rep Office
Engagement planning 1 week 2 weeks 2 weeks 2 weeks
Company incorporation period 3 weeks 4 weeks 3 weeks 5 weeks
Bank account approval 4 weeks 4 weeks 4 weeks 4 weeks
Internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 12 weeks 14 weeks 12 weeks 15 weeks

North Macedonia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in North Macedonia, please contact our in-house country expert, Ms. Janyl Irsalieva, directly:
Consultant at HC - janyl
  • Ms. Janyl Irsalieva
  • Client Relationship Manager
  • Contact me!
North Macedonian Chambers of Commerce Public Revenue Office of the Republic of North Macedonia Central Register of North Macedonia National Bank of the Republic of North Macedonia Ministry of Foreign Affairs
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