AsiaOne – August 2018

24 | ASIA ONE | JULY-AUGUST 2018

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republic of Macedonia

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This region’s history dates back to antiquity, beginning with the kingdom of

Paeonia, and since then it has fought quite a number of battles before the

modern territory of Macedonia came under the Serbian rule following the

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has emerged strongly as an open, market-based economy

By His Excellency Sasho Tashevski, Ambassador of

the Republic of Macedonia in United Arab Emirates

R

epublic of Macedonia is an upper

middle-income country that has

made great strides in reforming

its economy over the last decade. The

vision of the Government of Republic

of Macedonia is full membership in

European Union and NATO, to ensure

economic stability and improvement in

the life of its citizens.

BUSINESS-ORIENTED

The Government is pro-business

oriented, focusing on attracting FDI

and making it easy for investors for

doing business. In the “Doing Business

Report 2018”, Republic of Macedonia

is on 11th place in the world, and 5th

in Europe for ease of doing business.

“Business Insider” has ranked

Republic of Macedonia No. 1 in the

world for lowest taxation: average

7,4%. The corporate income tax is

10% flat rate. There are 13 free zones

fully operating in the country, with tax

holidays for 10 years (zero taxation for

VAT, corporate & personal income

tax, and zero custom duties for import

of raw materials & machines). Areas

of development include agriculture

(fruits & vegetables), tourism, mining

& minerals (especially marble), IT

sector, textile industry, construction,

healthcare, education, etc. When

mentioning the marble, I am very

proud to say that the Sheikh Zayed

Grand Mosque in Abu Dhabi, United

Arab Emirates, is fully made of the

white marble “Sivec”, coming from

Republic of Macedonia.

TOURISM OPPORTUNITIES

Macedonia is cradle of culture with its