1. www.acquisition-intl.com18 Acquisition International - October 2015
Employing nine lawyers comprising of two partners, two senior associates
and five junior associates, the law firm Chichevaliev & Ilijovski has the
single purpose of creating bonds, nurtured through care, responsibility and
dedication with our clients, allowing us to provide quality legal services.
The work of Chichevaliev & Ilijovski, working in
the corporate law area, largely relates to foreign
investments. To date the firm has fully has
represented over 70 reputable companies with
unparalleled success and more than a dozen major
foreign investments in Macedonia, from their entry
on the market to their continuous operation and
expansion.
The firm specialised in representing clients in high
value major cases with international trade element.
The highest value case with international element
which we have won is 8.500.000, 00 US dollars.
The percentage of cases won is over 90% while the
rest are still in front of the higher courts due to legal
remedy procedure.
Chichevaliev & Ilijovski possess the skill, talent
and experience to ensure the smooth operation of
every investment endeavour that one may decide
to take. The benefits we ensure for your company
contributes towards building high profit and safe
business in Macedonia. We take care of your
business 24/7 from your decision to move on the
Macedonian market, to the continuous operation
and expansion.
As a law firm we build more than a team spirit with
our employees. Every member of our firm knows
that their contributions are essential in developing
the firm’s future. The associates’ work closely
with the partners and the junior associates work
the same way with the associates. We depend on
the productiveness and effort of our employees
the same as they depend on our leadership and
experience. Therefore every employee can ask for
advice or any type of consultation with the Partners.
We have extensive experience in foreign
investments and represent more than a dozen major
foreign investments in Macedonia, involved in their
day to day activities ensuring their smooth operation
on the Macedonian market.
One of the biggest challenges in the region is the
fluctuation of regulations. Macedonia is among
the EU markets in the process of harmonizing its
legislation with the EU regulation and directives.
This change ensures transparency and effectiveness
in the system yet requires adaptation to the changes
by companies. Quality legal counsel is the only
remedy for this challenge
The benefits that Macedonia offers to the potential
Investors is that its legislation is tailored for Investors
with an envisioned corporate income tax of 10%;
personal income tax of 11.11 %; VAT: 18% tax on
retained earnings: 0%. However these are available
only if certain legally prescribed procedures are
followed. The agility and knowledge of the legal
counsel is of crucial importance in order for specific
incentives to be awarded.
Aside from the taxes, Macedonia offers incentive
systems for doing business in technology and
industrial zones which can benefit from tax holidays
for up to 10 years for profit tax and personal income
tax for the employees, VAT and customs duties
exemptions. These zones are used to facilitate
economic activities to be performed under special
conditions, including tax and other incentives
for zone users. The aim of the TIDZ is to support
the development of high modern technologies
through an application of the highest environmental
standards.
Additionally, in the past two years Macedonia has
founded tourist and medical zones which are
developed to offer the investors in these industries
major economic and financial advantages and
incentives to contribute towards building profitable
business in a safe, European environment.
Once in a partnership with a company we pledge to
be there from the start of the business through to
its development and growth. We do not back down
when the times get tough for our clients and we will
support and guide our clients through to finding
an acceptable solution. Our strong commitment,
professionalism and efficiency makes making the
right choice for clients, faced with important and
complicated issues much easier of manage. Above
all, the law firm Chichevaliev & Ilijovski values
integrity and ethics, the qualities which we fully
implement in our work and personal lives.
We are aware that other law firms are trial oriented;
we however are completely focused on preventing of
the escalation of legal problems going to trial. This
principle results in great savings of money and time
for our clients. So far our involvement has produced
reduction in 70% of the litigation costs and time for
every company that we work with.
Name: Filip Chichevaliev
and Ilija Ilijovski
Email: info@chil.mk,
chichevaliev@chil.mk,
and ilijovski@chil.mk
Web Address: www.chil.mk
Address: Mitropolit Teodosij
Gologanov no.36/1-2
Telephone: +38975303991,
+38971211079
Foreign Investment
in Macedonia

2. www.acquisition-intl.com Acquisition International - October 2015 19
Foreign Investment in Macedonia
Our working atmosphere, commitment and the
bonds that we create with our clients, combined
with our professionalism, efficiency and ethics
make us unique problem solvers who can handle
the greatest of challenges while maintaining a
professional friendship at the end of the day.
Our long term strategy is to build on the success
that we had this year; we are aiming to maintain its
strong standing in the foreign investments area. It
is our goal for Law Firm Chichevaliev & Ilijovski to
become first stop for every investment in Macedonia
and we are determined to achieve stable growth
while maintaining the quality level that we now
provide for our clients. We are planning serious
expansion in the banking sector which will produce
opening of a Banking Department in our Firm.
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