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THE CENTRAL REGISTER OF REPUBLIC OF MACEDONIA

THE CENTRAL REGISTER OF REPUBLIC OF MACEDONIA. The one-stop-shop system (OSS) for registration of companies and other legal entities in the Central register of Republic of Macedonia is established on 1.1.2006 according to the law one-stop-shop for trade and other legal entities.

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THE CENTRAL REGISTER OF REPUBLIC OF MACEDONIA

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  1. THE CENTRAL REGISTER OFREPUBLIC OF MACEDONIA The one-stop-shop system (OSS) for registration of companies and other legal entities in the Central register of Republic of Macedonia is established on 1.1.2006 according to the law one-stop-shop for trade and other legal entities

  2. BENEFITS FROM THE FIRST PHASE OF THE ONE-STOP-SHOP SYSTEM: • Establishing a unique trade register in the country • Establishing an Unique identification number for all legal entities in Macedonia (UINS) • Easy access to financial and credit information • Simplification and reduction of the registration procedure for all institutions involved in the registration (Central register, Public revenue office, Customs, Statistics office and the commercial banks through Clearing house) • Transferring the registration procedure from the court to administrative • Decreasing administrative barriers on Macedonian entrance

  3. COMPANY REGISTRATION • The time required to register any legal entity is reduced to only 4 hours in 2008, as opposed to five days since establishing the OSS in 2006 • There is possibility for On line name search and reservation. Time to complete – few minutes

  4. Procedures for company registration: • Procedure 1: Notarize the company deeds and otherdocuments Time to complete: 1hour • Procedure 2: Registration with the Central Registry Time to complete: 4 hours

  5. ONE-STOP-SHOP 2 COMPONENTS: • Component 1 • e-Filing of registrations to the Registry of trade companies and other legal entities • Exchange of information about employees with the Employment Agency, Health Fund and Pension Fund • Component 2 • Registry of Disqualified Entities, based on court sanctions and blocked bank accounts • e-Solution for management of bankruptcy procedures by the bankruptcy managers • e-Solution for voluntary liquidation of companies • Component 3 • E-Filing of registrations to the Register of Pledge • E-Filing of registrations to the Register of Leasing

  6. ONE-STOP-SHOP PHASE 2 BENEFITS: For the foreign investors: • Complete on-line registration, administration and closing of businesses without the need of physical presence or engagement of intermediaries in Macedonia. • Filling and receiving of business information translated in English as a common international language. • Faster asset recovery rates from more transparent and proceedings for bankruptcies and liquidations.

  7. ONE-STOP-SHOP PHASE 2 BENEFITS: For the Macedonian public: • Faster procedure for establishing of pledges and leasing as collaterals for obtaining credit facilities; • Saving of time and costs by replacement of notaries verifications with personal digital signatures. • Protecting the business community by banning the entities which are prohibited from performing business activities.

  8. ONE-STOP-SHOP PHASE 2 BENEFITS: For the public sector: • Timely and accurate information about the registered legal entities • Avoiding redundancy in data storage and processing, by receiving from the Central Register only “what is domain specific” for each institution • Setting grounds for implementation of national data exchange standard for business information between the institutions by utilizing common XBRL

  9. ONE-STOP-SHOP PHASE 2 BENEFITS: For the judiciary: • Easier management of court proceedings related to businesses due to the e-management of bankruptcies, liquidations and disqualified entities • More accurate reports on the bankruptcy and liquidation status of companies

  10. ONE-STOP-SHOP PHASE 2 BENEFITS: For the Government of Macedonia: • Increase the “closing of business” score in the next World Bank Doing Business report due to introduction of the integrated e-registries for management of bankruptcies and liquidation proceedings, which will make those procedures radically more transparent and faster • Setting Macedonia on a fast track for the possibility of doing online business • More centralized and accurate data for macroeconomic planning

  11. Anti crisis measures – recommendations from the Macedonian Government: According to the recommendations from the Government of R. Macedonia, the Central register created several products with reduced prices, offered through the Internet distribution system for the business environment : • Short statements from the annual accounts • Short statements from the annual accounts and ownership information from the pledge register • Short statements from the annual accounts, ownership information from the pledge register and user information from the leasing register

  12. Trade register – number of registered subjects and number of new registered subjects by years:

  13. REPORT - DOING BUSINESS * According to the latest Doing Business report Macedonia holds the 2nd place for business start-up in Europe, and 6th place in the World.

  14. THANK YOU You are welcome to MACEDONIA THE CENTRAL REGISTER OF REPULIC OF MACEDONIA

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