Doing Business in the United Kingdom VS North Macedonia

Doing Business in the United Kingdom VS North Macedonia – A Comparison

Entrepreneurs deciding between starting a business in the United Kingdom and North Macedonia face two very different opportunities. One is a well-established global hub with efficient systems, while the other is an emerging market with strategic advantages in Southeast Europe. The choice depends on your business goals and risk appetite.

The United Kingdom offers a competitive regulatory landscape, transparent systems, and lower setup costs for smaller businesses. North Macedonia, though less developed, has a low corporate tax rate and competitive labor costs, attracting companies seeking cost-effective operations in Europe. Here’s a structured comparison to help you evaluate both destinations.

Key Comparison Points

Business Environment

• The United Kingdom: Offers a highly regulated and stable market, supported by transparent laws and consistent government backing for business.
• North Macedonia: Provides a pro-business government and improving regulatory framework, but some challenges remain in transparency and enforcement.

Taxation

• The United Kingdom: Corporate tax is set at 25%, with incentives for R&D and startups.
• North Macedonia: Has one of the lowest corporate tax rates in Europe at just 10%, and it does not impose capital gains tax on certain transactions.

Ease of Company Incorporation

• The United Kingdom: Known for its smooth and digital company incorporation in the United Kingdom, with a well-structured compliance environment.
• North Macedonia: Offers a simple registration process and one-stop shops for business setup, but digital infrastructure is still catching up.

Cost of Living and Business Operations

• The United Kingdom: Offers stable utility services, well-maintained infrastructure, and affordable company incorporation services especially outside London.
• North Macedonia: Has very low living and operational costs, making it attractive for outsourcing and manufacturing operations.

Access to Markets

• The United Kingdom: Highly connected through trade agreements and international networks, serving as a gateway to Europe, the US, and Commonwealth countries.
• North Macedonia: Benefits from EU-aligned trade policies, proximity to Balkan markets, and candidate status for EU membership, though still developing external trade routes.

Quick Comparison Overview

Here’s a quick overview of the key differences for easy reference.

Factor	The United Kingdom	North Macedonia
Business Environment	Stable, transparent, and pro-investment	Pro-business reforms but with enforcement gaps
Corporate Tax Rate	25%	10%
Capital Gains Tax	Applicable	Not applicable in most cases
Ease of Incorporation	Efficient, digital, and compliant	Simple and low-cost, with less digital integration
Business Costs	Stable and manageable	Very low operating and labor costs
Market Access	Global reach via EU, US, and Commonwealth	Access to Balkan and European markets; EU-aligned

Benefits of Choosing 3E Accounting

When it comes to starting a business in the United Kingdom, navigating the legal and administrative processes can be complex without the right support. That’s where 3E Accounting comes in. As a trusted partner for company incorporation, we provide tailored solutions for entrepreneurs and investors looking to establish a strong business presence. Whether you need help with company registration or expert guidance on setting up businesses in the UK, our experienced team ensures a smooth and efficient process.

From full company incorporation services to ongoing support like corporate secretarial and company secretary services, we offer a complete suite of solutions to support your company setup. Let us help you focus on what matters most—growing your business. Contact 3E Accounting today and take the first step toward successful expansion.

 

Frequently Asked Questions

Why is the United Kingdom preferred over North Macedonia for international businesses?

Answer: The UK provides a globally integrated ecosystem with reliable infrastructure and strong legal systems. Many entrepreneurs refer to starting a business in the United Kingdom resources for clear guidance.

How does the corporate tax rate compare between the UK and North Macedonia?

Answer: The UK has a corporate tax rate of 25%, while North Macedonia offers a significantly lower rate at 10%, one of the most competitive in Europe.

What’s the process of company registration in the United Kingdom?

Answer: The process is efficient, digital, and transparent. You can refer to the company registration guide for full steps and documentation needs.

Is company incorporation in the UK easier than in North Macedonia?

Answer: Yes. The company incorporation in the United Kingdom process is fully online, backed by strong digital infrastructure, unlike North Macedonia’s partial digitisation.

Are there affordable company incorporation services in the UK?

Answer: Yes. 3E Accounting offers reliable company incorporation services tailored for local and foreign founders.

Which country offers better access to global markets?

Answer: The UK offers stronger global reach through trade agreements and is ideal for setting up businesses in the United Kingdom targeting international customers.

What business support is available in the United Kingdom?

Answer: The UK government provides extensive business finance support for startups, SMEs, and foreign investors entering the market.

How can I get help with UK company setup and compliance?

Answer: You can contact 3E Accounting for full guidance on our services, including corporate secretarial and company secretary services.