FDI’s attracting - the case of the Republic of Macedonia
FDI’s attracting - the case of the Republic of Macedonia

Summary/Abstract: The core motivation for this research paper is to analyze the legislation that is fundamental for FDI attracting in the Republic of Macedonia. The Foreign Direct Investments (FDI) is a form of venture capital, which provides a foreign investor to acquire rights to ownership, control and management on the basis of invested capital. The experience has undoubtedly confirmed the fact that FDI is one of the fundamentals that enables and accelerates the economic development of a national economy. Among other things, every national economy must have adequate legislation that will enable a smooth attracting of foreign capital. The main aim of the paper is to look upon the legal aspects for attracting the FDI. To some extent, the paper covers the institutional mechanisms that profiled the framework for doing business. The subject of the research are the laws that regulate this area, as well as the laws related to the fiscal sector, foreign trade, foreign exchange operations, area of labour relations, etc. The results of the research lead to the conclusion that the legal framework, as a significant factor of the business environment in a country, gives numerous possibilities for an intensification of the FDI in the Republic of Macedonia. In the last decade, the Republic of Macedonia has achieved significant results in this area, but there is still the need for further improvement of the relevant legislation. This is more important considering the insufficient volume of FDI.

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