North Macedonia is a landlocked country located in the Southeast of Europe. The country is bordered by Kosovo, Serbia, Bulgaria, Greece, and Albania. It has the 53rd freest economy in the world and the 32nd country in Europe. The country has opted to provide the Free Economic Zone policy, which benefits businesses with a tax holiday for ten years. The country’s agriculture sector provides 1/5th of the country’s employment.
ICT Professionals, Financial Professionals, Agricultural Professionals, Skilled Professionals
The top universities in North Macedonia are:
The table contains the average monthly salary in North Macedonia:
|Job Title||Average Monthly Salary (MKD)||Average Monthly Salary (USD)|
|Information Technology Manager||78,200.00||1,364|
|Developer / Programmer||45,100.00||786|
|Business Development Manager||71,500.00||1,247|
Workers are paid monthly.
The national minimum wage in North Macedonia is MKD 18,000.00 per month.
Overtime pay in North Macedonia is at least 135% of the wage of the employee. On holidays and weekends, the premium is 150%.
Employees are also entitled to a one month salary bonus with 150 hours of overtime and has not been absent from work for more than 21 days in one year.
The 13th-month pay is customary in North Macedonia depending on the employment contract between employer and employee.
|Pension and disability insurance||18.8|
|Additional health insurance||0.5|
There is no Employee payroll tax in North Macedonia.
|Taxable Income||Rate (%)|
|Up to MKD 1,080,000.00||10|
|More than MKD 1,080,000.00||18|
The standard VAT in North Macedonia is 18% with preferential rates of 5% and 10% depending on the goods and services.
Employers can terminate employees based on business (operation), personal (employee’s person) , and economic (downsizing / redundancy) reasons legally. Written notices are required for the aforementioned reasons however for behavorial misconduct (truancy, fraud, etc.), employers are entitled to terminate employees without notice.
The notice period for probationary and regular employees must be at least one month to at the most three months.
Employees are entitled to a severance payment depending on their years of service.
Applying for a business visa to North Macedonia must be submitted no longer than six months and at least 15 days before the trip. An invitation letter from a legal or foreign entity registered in North Macedonia is needed for the successful application for a business visit. Travel insurances are also required to be granted a business visa to North Macedonia.