If your company that is registered in Macedonia is looking to expand operations in other cities in North Macedonia, establishing a branch office is a strategic way to operate in multiple locations. A branch office allows you to perform the same or different activities from your parent company, providing flexibility and growth opportunities. This guide explains everything you need to know about branch offices in North Macedonia, including their definition, registration process, and dissolution.
What is a Branch Office?
A branch office is an organizational unit of a company that operates outside the parent company’s headquarters. It is not a separate legal entity, but it has its own address and includes the name of the parent company followed by the designation “Branch.” Branch offices are commonly used for:
- Expanding operations into new regions
- Simplifying operations across multiple locations
- Increasing the visibility of your business
- Benefits of Opening a Branch Office in North Macedonia
- Cost-effective expansion: Branches operate under the legal framework of the parent company, saving time and costs associated with establishing a new legal entity.
- Flexibility: Branch offices can perform the same or different activities from the parent company, depending on business needs.
- Improved regional reach: Operate closer to customers or clients in different areas.
How to Register a Branch Office in North Macedonia
The registration process for a branch office is conducted through the Central Registry of North Macedonia. Here are the key steps:
Pass a company resolution:
The company’s governing body must adopt a resolution to establish the branch. This resolution should include:
- The name of the branch
- The address of the branch
- The scope of activities to be undertaken (which may differ from those of the parent company)
- Appointment of a branch manager
- Submit required documentation:
- The registration process requires submitting the resolution, proof of parent company registration, and other legal documents.
Approval and registration:
Upon approval, the branch is officially registered, and operations can commence.
Legal Status of a Branch Office
It is important to note that a branch office in North Macedonia is not a separate legal entity. All legal rights and obligations of the branch are directly tied to the parent company. In legal disputes or contractual obligations, the parent company is considered the responsible party.
How to Close a Branch Office
- By company decision:
The parent company’s governing body may decide to close the branch and initiate a deregistration process with the Central Registry. - Parent company dissolution:
If the parent company is dissolved due to bankruptcy, liquidation, or other reasons, the branch office ceases operations automatically.
Closing arguments
Navigating the registration and management of branch offices in North Macedonia requires compliance with strict regulations. Engaging a law firm specialized in corporate law ensures:
Accurate and efficient registration of your branch office
Compliance with all legal obligations
Expert guidance in managing or dissolving branch operations
Expand Your Business in North Macedonia
Establishing a branch office in North Macedonia is a powerful way to grow your business. With expert legal support, you can streamline the process and focus on achieving your business goals.
