North Macedonia Highlights:
- An EoR (Employer of Record) package is the most efficient and effective way to deploy local and foreign employees in North Macedonia.
- 1WB acts as an EoR ensuring full compliance with country’s regulations.
- The whole deployment process for foreigners takes about 3 weeks whereas for locals within 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- The individual income tax rate is 10%.
- The standard corporation tax rate is 10%.
- Social security contributions – Employers are required to make social security contributions on behalf of their employees at a rate of 7.3% for health insurance, 0.5% for additional health insurance contributions, 18% for the pension and disability fund and 1.2% for unemployment.
- Work Permits - 1WB can sponsor work permits for foreign employees and the processing time is about 4 weeks.