Distribution Of Dividend Documentation

As the deadline    until which resident companies in North Macedonia can distribute dividends based on their 2020 financial result (September 30, 2021) is approaching, it is worth noting that there is a specific set of documentation required to be submitted to the bank through which the distribution of the dividend will be made, applicable to cases where the dividend recipient is a non-resident (either a legal entity or a physical person). 

The commercial banks are required, by National Bank legislation, to request the following documentation in order to approve a dividend payment transfer: 

• Proof of registration of the initial founding capital of the non-resident in the Registrar of FDI at the Central Registry of North Macedonia (for participations exceeding 10%)