Democratic System

Macedonia is a sovereign republic with multi – party parliamentary democracy. Authority in Macedonia is based on the principle of a strict division of functions and responsibilities amongst the holders of legislative, executive, and judicial powers.
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Tax Policy

With the recent economic reforms, Macedonia has created one of the most attractive tax package in Europe. These reforms include introduction of flat tax rate of 10% for corporate and personal income, which simplify the tax system and stimulate successful companies to further improve operations and increase profitability.
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Trade Agreements and Treaties

Macedonia is a signatory of three multilateral Free Trade Agreements: SAA, EFTA and CEFTA.
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Technological Industrial Development Zones (TIDZs)

Technological – Industrial Development Zones (TIDZs) are centers in which highly productive clean manufacturing activities are concentrated and new technologies are developed.
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Accounting and Audit

According to the Company Law, all legal entities are obliged to prepare annual accounts at the end of each calendar year. Annual accounts have to be prepared in accordance with local accounting rules.
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Dispute Resolution Mechanisms

Domestic sources of the Macedonian Arbitrary Law include the Constitution of the Republic of Macedonia, the Litigation Procedure Law (Official Paper of SFRY, No. 4/77), the Law on Disputes Settlement (Official Paper of SFRY, No. 43/82),   Law on International Trade Arbitrary (Official Paper of RM  No. 39/06) and the Macedonian Company Law. Arbitration exists within the Chamber of Commerce since 1993 with a permanent elected court.
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Foreign Trade

According to the preliminary data of the State Statistical Office, the export value of goods in the Republic of Macedonia in the period January-December 2013 was 4 226 861 US dollars, and the import value was 6 599 824 thousand US dollars.
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