Macedonia hotels

Joint Stock Company ‐ (AD)

With this type of company the lowest nominal value of basic capital required is €50,000 if established by a public invitation or €25,000 in case without a public invitation. The minimum nominal value of the share shall not be lower than €1 in MKD. The deposit may not be contributed in the form of personal labor or services.

The deposits shall be paid to the time of the entry of the company into trade register, amounting to at least one‐quarter of their nominal value (values exceeding the nominal should be wholly paid in). I t is also possible to put in the company some other assets.

Joint stock company can be established in two different ways:

Simultaneous ‐ when the founders themselves or jointly with other persons, undertake to acquire all the shares without a public invitation (simplified procedure similar to the procedure for the founding of a limited liability company).

Successive ‐ the joint stock company may be founded through subscription to all or to a certain number of shares on the basis of an announcement (this procedure is more complicated and is much longer (min.3 months) and is, in practice, little used).

The joint‐stock company is considered founded once it has been registered in the trade register.

If you have questions about different type of entities in Macedonia, do not hesitate to contact us.