ORGANIZATIONAL AND FUNCTIONAL PROCEDURES FOR FORMAL REGISTRATION OF A COMMERCIAL COMPANIES ACCORDING TO MACEDONIAN LAW

Abstract

This paper intended to present the process of formal registration of a company according to Macedonian law. At the same time, this paper is analyzing the position of the Central Register as authorized body for registration of a company. Since the registration of a company is very important phase for the entering into the business, a lot of international institutions are conducting researches in that filed. One of them, Doing Business report of the World Bank, is setting Macedonia among the countries whit easiest procedures for formal registration of a company. Also in this paper are analyzed the facts and numbers from those reports. Those numbers, thorough the years are showing positive tendencies and reforms of the administrative process of formal registration of a company. This made Republic of Macedonia business friendly country in respect of the procedures for registration of a company. Nevertheless, there are a lot of tasks to be done to improve the wider environment for conducting a business (on time payment, bankruptcy procedures, enforcement of contracts etc.).