Invest in Macedonia!
Favorable business climate and opportunities for economic growth
Dear businessmen around the world:
Macedonia has already established itself as an attractive destination for international investors, including companies and individuals from the United States, Germany, Turkey, Austria, Switzerland, China and other countries.
Dear businessmen from the Macedonian diaspora:
Investing in Macedonia is not just a financial decision, it is a personal investment in the future of your homeland, your family, and in the local community that still believes in development and opportunity.
Key reasons why you should invest in Macedonia!
1. Favorable economic climate
- Low taxes: only 10% personal and corporate tax (one of the lowest in Europe)
- Free Economic Zones (FEZ) with full tax exemption for up to 10 years
- Stable exchange rate and low inflation
- Favorable costs of doing business
- Reduced logistics and administrative costs
2. Logistical and geographical advantage
- Central position in the Balkans with access to the EU, the Middle East and Turkey
- Highway and rail connections with Serbia, Greece, Bulgaria and Albania
- Just a few hours drive to the ports of Thessaloniki and Durres
3. Preferential access to large markets
- Macedonia has signed a Stabilization and Association Agreement with the EU, as well as free trade agreements with EFTA, CEFTA, Turkey and Ukraine.
4. Workforce
- Young and educated staff
- Strong university centers (Skopje, Bitola, Tetovo, Shtip)
- Support for retraining and further education through state programs
5. Political and macroeconomic stability
- Candidate for EU membership
- NATO member
- Supported by international institutions (World Bank, EBRD, IFC)
6. Readiness for green and digital transition
- The government is actively investing in renewable energy sources and digitalization.
- IT startups, energy projects, and “smart industry” initiatives are supported.
Which companies have invested in Macedonia?
Which sectors are most attractive for investment?
1. Information Technology and Outsourcing
Macedonia is rapidly developing as an IT hub in the region. With over 3,000 IT graduates annually and a strong growth in the startup scene, the IT sector offers:
- Potential for development of nearshoring companies
- Support from IT clusters and accelerators
- Tax incentives for innovation activities
2. Agribusiness and food industry
With fertile land, clean water and a tradition in agriculture, the agricultural sector offers great potential for:
- Processing and export of organic products
- Production of wine, oil, honey, fruits and vegetables
- Public-private partnerships for agricultural modernization
3. Tourism and hospitality
More and more foreign tourists are discovering Macedonia. Your investment can be in:
- Hotels
- Eco-tourism
- Mountain and adventure tourism (Galicica, Mavrovo, Shar Planina)
- Gastronomic tourism and local authentic experiences
4. Renewable energy sources
Macedonia has enormous potential for:
- Solar and wind power plants
- Hydropower plants and biomass
State support and institutional assistance 🤝
Investment facilitation mechanisms:
- Foreign Investment Agency for assistance in obtaining permits, connecting with local partners, logistics.
- TIDZ – special zones with full tax exemption.
- Innovation and Technological Development Funds (ITDF) – co-financing of startups and business expansions.
- IPA funds through the EU. Support for agriculture, ecology and social enterprises.