North Macedonia
How North Macedonia performs
Tax
Light taxes. North Macedonia has one of the lightest tax burdens in the index, 10th of 123. You keep more of what you earn here than in most countries we cover. Personal income tax 10%, corporate tax 1-10%, VAT 18%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Safe. North Macedonia is safer and more stable than most countries we cover (41st of 117).
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Affordable. Everyday life costs less here than in most countries we cover: North Macedonia is 33rd of 118.
Source: Numbeo Cost of Living Index
Education
Good education. Education here is stronger than in most countries we cover: North Macedonia is 43rd of 120.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 1-10% Applicable tax rate varies based on nature of the business |
|---|---|
| Personal income tax | 10% |
| Standard VAT | 18% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 7 years
- Language requirement
- YesProficiency in North Macedonian language
- Investment Immigration Pathway
- Not applicable
- Official languages
- Macedonian and AlbanianTurkish, Romani, Serbian, Bosnian and Aromanian are also widely used
- Dual citizenship
- Allows with conditions
Bulgaria
Romania
Bosnia and Herzegovina
Hungary