In fact, North Macedonia, hailed as the "Pearl of the Balkans," has demonstrated excellent business competitiveness in evaluations by various renowned media worldwide! According to the World Bank's "2019 Doing Business Report," North Macedonia ranks 10th among 189 economies; according to the Financial Times' "2018/19 Global Manufacturing Competitiveness Report," North Macedonia ranks 4th!
North Macedonia is referred to as "Europe's New Business Paradise," making it an ideal destination for overseas investment.
In recent years, North Macedonia has made attracting foreign investment and developing an open economy a key objective for promoting domestic economic development. It possesses strong competitiveness in areas such as location, taxation, and labor, earning it the title of "Europe's New Business Paradise." North Macedonia excels in capital flow, government operations, and investor protection, making it an ideal destination for individual investors looking to invest overseas. According to statistics from the Ministry of Commerce of China, Chinese companies currently investing in North Macedonia include Huawei, ZTE Corporation, China Hydroelectric Construction Group, China Water Resources and Electric Power Corporation, Zhongyuan International, and Pacific Construction Group.
North Macedonia has a friendly tax system, with a relatively low overall tax burden among European countries. According to an assessment report released by the World Bank and PwC, North Macedonia has the 7th lowest tax burden globally. Currently, North Macedonia implements a unified tax system, with corporate tax and personal income tax set at only 10%, and zero tax for non-residents. Under certain conditions, corporate income tax can be exempted For example, in the Technological and Industrial Development Zones of Macedonia, foreign-invested enterprises can enjoy a 10-year exemption from corporate income tax and personal income tax, as well as exemptions from value-added tax, property tax, and consumption tax; profits from foreign investment that are reinvested are also exempt from taxation.
North Macedonia has significant locational advantages, with investments radiating to the entire European market.
North Macedonia is located at the intersection of the European Corridor 8 and Corridor 10 planned by the EU; it has a developed road network, with major routes connecting to Greece in the south and Montenegro and Serbia in the north, and multiple flights to major cities in Europe and Asia. It is also close to the Port of Thessaloniki in Greece and the Port of Durrës in Albania, making transportation convenient. At the same time, North Macedonia has signed free trade agreements with 41 countries and regions, including the EU, achieving essentially zero-tariff trade with these countries, covering nearly 1 billion consumers, allowing for investment utilizing its locational advantages to radiate to the entire European market!
Great news! The new investment citizenship program launched by North Macedonia in 2021 provides investors with a great opportunity to enter the North Macedonian market! Currently, the highly anticipated North Macedonia investment citizenship program has officially landed in China, with a global limit of 1,000 spots, actively recruiting global investors!
Currently, North Macedonia is an EU candidate country and has been included in the EU's eighth enlargement plan. According to the enlargement strategy for the Western Balkans approved by the European Commission—Western Balkans Strategy, North Macedonia ranks alongside Montenegro in the forefront of the specific steps for the six Western Balkan countries to join the EU! For investors, the North Macedonia citizenship program offers another excellent option for quickly obtaining an EU passport! Investors can apply for the North Macedonia passport, an EU candidate country, by donating €200,000 to a fund designated by the North Macedonian government through the North Macedonia Distinguished Citizen Program.
For more details on obtaining the North Macedonia passport as an EU candidate country in 2021, please call the WorldWay Immigration Service hotline: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798
Some materials in this article are sourced from the internet, and the copyright belongs to the original authors. If there are any copyright issues, please contact the original authors and us for removal.
* Investment involves risks; please choose carefully. The above information is for reference only.*