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North Macedonia

A globally competitive country set to dominate the cannabis market

The government is highly supportive of foreign investment and has acted decisively to offer investors compelling reasons to invest.

North Macedonia has a strong tradition of commercial horticulture – including the cultivation of high-quality tobacco - providing companies with access to a large, skilled labour base seasoned over many years.

While the path to EU membership can be a long one, the government has identified accession to the EU as one of its highest strategic priorities. This creates massive potential for the future.

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  • Low Cost jurisdiction

    • 10% corporate tax rate
    • Globally competitive labour rates
    • Low cost electricity
  • Excellent access to local talent

    • High unemployment rate
    • Strong history of greenhouse production
  • 10th on World Bank ‘Ease of Doing Business’ List 4

  • Advantageous political changes

“What may be the most significant diplomatic step in the Balkans since the end of the Bosnian war”1

“The Republic of North Macedonia deserves a green light for start of the negotiations with EU in October”
Johannes Hahn, EU Commissioner for European Neighbourhood Policy and Enlargement Negotiations2

“We are ready to welcome you into the NATO family”

Jens Stoltenberg, NATO Secretary General3

(1) CNN: Macedonia will change its name. Here's why it matters.

(2) European Western Balkans: Hahn in Skopje: North Macedonia deserves a green light in October.

(3) NATO: Secretary General in North Macedonia: We are ready to welcome you into the NATO family.

(4) World Bank: Doing Business 2019.

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