If you want the lightest-weight way to open a business in North Macedonia and you are comfortable with personal liability, the sole proprietor (TP) is it. Many founders compare it against the DOOEL, which costs more to set up but protects personal assets.
What is a sole proprietor (TP)?
A business run by a single individual who is personally liable for all obligations of the business with their entire personal assets. There is no minimum capital. It is the simplest and cheapest form, commonly used by craftspeople, farmers, artists, carriers, and small service providers — but the unlimited personal liability is a significant trade-off.
Documents required for a TP
- Application for registration
- Copy of the ID card or passport
- The required statutory statement
TP vs the limited-liability forms
| Entity | Min. capital | Liability | Best for |
|---|---|---|---|
| Sole Proprietor (TP) | None | Unlimited (personal) | Craftspeople, freelancers, micro-business |
| Simplified LLC (PDOO) | EUR 1 | Limited (with mandatory reserve) | First-time founders, low capital |
| Single-Member LLC (DOOEL) | EUR 5,000 (within 1 yr) | Limited to contribution | Solo entrepreneur, subsidiary |
Frequently asked questions
What is a sole proprietor (TP) in North Macedonia?
A TP (Trgovec Poedinec) is a business run by a single individual who is personally liable for all obligations of the business with their entire personal assets. There is no minimum capital — it is the simplest and cheapest form.
Does a sole proprietor need minimum capital?
No. A sole proprietor (TP) requires no minimum capital at all, unlike a DOO/DOOEL (EUR 5,000) or a PDOO (EUR 1).
What is the downside of registering as a TP?
Unlimited personal liability: the owner answers for all business obligations with their entire personal estate. For many founders, a DOOEL — which limits liability to the contribution — is worth the extra setup.