FYROM: Operating a Business

Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
General Partnership Unlimited	Minimum of 2 Unlimited
Limited Partnership Unlimited	Minimum of 2 At least one of the partners.
Limited Liability Company (D.O.O.) 5,000 Euros	Less than 50 No liability
Joint-Stock Company 25,000 Euros for companies incorporated simultaneously and 50,000 Euros for companies incorporated successively.	Minimum of 1 Liability limited to the amount of the partner's investment in the company.

The Competent Organization: Enterprises are registered at the Central Registry from the Ministry of Economy.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in FYROM.
Trade register, in Slavomacedonian.

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.

Minimum Wage: The minimum monthly salary is 80 Euros.
Average Wage: The average monthly gross earnings in FYROM 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 Slavomacedonian)
Social Security Contributions Paid By Employees: Insurance is obligatory: 0.5%

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: Union of Metal Workers.
European Trade Union Cooperation
Unionization Rate: 45% of the workforce is organized.
Labor Regulation Bodies: Employment Service Agency
Ministry of Labor and Social Affairs

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