New Decree for application of the Law on Trade Companies

The Government adopted a New Decree published in the Official Gazette No. 123 dated 13 May 2020.

Some of the more relevant provisions of the Decree set out the following:

• Scanned documents submitted electronically to the Commercial Register of the Republic of North Macedonia shall be considered as credible accounting documents on the basis of which the commercial books have been kept;
• Deadline for submission of the approved financial reports accompanied with the annual activity report for 2019 for the large and medium size limited liability companies is suspended during the state of emergency and is prolonged by the length of the suspended period. 

Decree for application of the Law on the Employment and Work of the Foreigners

The Decree was published in the Official Gazette No. 123 dated 13 May 2020 and provides for extension of the validity of expired work permits. The validity will be extended during the state of emergency and for additional 60 days as of the day of entering into force of the Decree. Also if the period for performance of the services by the foreigners related to purchase of goods, maintenance of equipment/assets has expired or expires during the state of emergency, this period shall be extended during the state of emergency and for additional 60 days as of the day of publishing of the Decree.

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