Visual Stories of Female Entrepreneurs

IFTF#Success 2014
IFTF#Talent 2013
IFTF Warsaw 2012
IFTF Zagreb 2011
IFTF Istanbul 2011

Macedonia

Financial Sector Enabling Environment in Macedonia

Macedonia
Ease of doing business (rank)	23
Starting a business (rank)	5
Starting a business - Cost (% of income per capita)	1.9
Starting a business - Procedures (number)	2
Starting a business - Time (days)	2
Starting a business - Minimum capital (% of income per capita)	0
Dealing with construction permits (rank)	65
Dealing with construction permits - Cost (% of income per capita)	517.8
Dealing with construction permits - Procedures (number)	10
Dealing with construction permits - Time (days)	117
Registering property (rank)	50
Cost (% of property value)	3.2
Procedures (number)	4
Time (days)	40
Protecting Investors (rank)	19
Getting credit (rank)	23
Trading across borders (rank)	76
Enforcing contracts (rank)	59
Enforcing Contracts - Cost (as % of claim)	31.1
Enforcing Contracts - Procedures (number)	37
Enforcing Contracts - Time (days)	370
Resolving insolvency (rank)	60

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Starting a business

Macedonia made starting a business easier by simplifying the process for obtaining a company seal.

Dealing with construction permits

Macedonia made dealing with construction permits easier by transferring oversight processes to the private sector and streamlining procedures.

Registering property

Macedonia made registering property easier by reducing notary fees and enforcing time limits.

Getting credit

Macedonia improved its credit information system by establishing a private credit bureau.

Resolving insolvency

Macedonia increased the transparency of bankruptcy proceedings through amendments to its company and bankruptcy laws.

Conclusion

Property registration indicators improved in terms of number of procedures and time requirements. In general, strengths include comparatively fast contract enforcement and a sound legal regime for investor protection.

The most problematic factors for doing business in Macedonia: