Setting up and managing payroll in Macedonia
Macedonia, now officially called North Macedonia, has developed significantly in recent years and is now increasingly recognized as a good place to do business.
If your organization is looking to expand into Macedonia, one of the first steps will be hiring employees locally, and this requires setting up a payroll in the country. While it is certainly possible to do this, Macedonia’s unique employment laws, as well as language and cultural barriers, can cause delays and make it a lengthy process for foreign businesses.
One way to bypass the process of setting up a payroll in Macedonia is to outsource the complex administrative work and ongoing management. At Horizons, we will establish and run your Macedonia payroll, ensuring full compliance with local legislation. Our outsourcing services are perfect for organizations with or without a Macedonia-based entity.
If you have an entity
Does your organization have a subsidiary in Macedonia? We can help you to create and run your payroll in Macedonia. In addition, we can provide HR, contract, and legal compliance support meaning you won’t have to worry about any of the complex administration and can focus on your expansion efforts.
If you don’t have an entity
If your company does not have an established entity in Macedonia, we can recruit your new workforce through our Macedonia subsidiary. This service enables your organization to bypass the long and complex process of establishing an entity. Additionally, we can provide our standard payroll and setup service to help you focus solely on a successful expansion into Macedonia.
The simplest way to expand into Macedonia
Reliable Delivery
We guarantee that all payments will be on time, your data will be secure, and you can be up and running within just 48 hours.
An Established Presence
Our in-country subsidiary will act as employer of record, offering you a presence in Macedonia for legal local employment.
Flexible Solutions
Our team will manage all of the admin, payroll, HR, and taxes, so you can focus on building your business in Macedonia.
Up-To-Date Compliance
With the ever-changing Macedonia employment laws, we’ll ensure you stay fully compliant at all times.
A Single Point of Contact
Our centralized service gives you a single point of contact, simplifying the entire in-country employment process.
Proven Global Expertise
Our in-house teams of payroll and HR experts have already helped dozens of organizations expand countries all over the world.
Macedonia payroll guide
What are payroll tax and withholdings rules in Macedonia?
Employers in Macedonia are required to withhold several contributions from an employee’s gross salary:
- Pension insurance = 18%
- Employment insurance = 1.2%
- Health insurance = 7.3% (+0.5% for additional insurance)
The income tax rate in Macedonia is 10% to 18%, depending on income level.
The corporate tax rate in Macedonia is 10%.
Entitlements and terminations
Employees in Macedonia are usually entitled to at least one month of notice prior to termination. Additionally, it is common for employers to be required to assist with finding employees a new role, covering the cost of training in new skills, or paying severance of one month of salary for every two years of service. The exact details of severance and termination rights should be laid out clearly in each employment contract.
How to establish a Macedonia payroll
In general, businesses trying to set up a payroll in Macedonia are required to register a legal entity in the country. This process can be complex and time-consuming, and it is important to follow the national regulations to avoid fines and legal issues.
The easiest way to access all the benefits of employing locally, with none of the difficult administration, is to outsource to Horizons. We will offer our Macedonia subsidiary to act as the employer of record for your local workforce, whether you already have an entity in Macedonia or not.
We can also take care of the payroll setup and management, as well as any HR, legal compliance, contracts, and more. This flexible and tailored service is designed to help you successfully expand into Macedonia without delays.
Speak to an expert today.
Your all-in-one solution for payroll outsourcing and Macedonia expansion
Horizons’ Macedonia PEO, payroll, and employer of record services enable your business to quickly and efficiently start trading in Macedonia. With our help, your business can commence operations in Macedonia in just 48 hours, and you could save up to 82% in expansion costs, whether or not you already have a registered entity in the country.
Our experts can also handle your company’s payroll, benefits, and expenses in Macedonia, as well as HR, tax compliance, and more. And as the only global PEO with an in-house recruitment team, Horizons can also take care of the sourcing, recruiting, and onboarding of your Macedonia employees.
