CHALLENGES OF DOING BUSINESS IN THE CONTEMPORARY WORLD
CHALLENGES OF DOING BUSINESS IN THE CONTEMPORARY WORLD

Summary/Abstract: Doing business is an activity that means offering a product or a service to generate profit. The importance of managing business is generating profit and to raise the possibility to increase the level of the profit by the experience of the business. In their daily activities, businesses face with challenges of macroeconomic and microeconomic aspect. Some of the challenges that one business face can be mentioned as above: costs of starting up a business, registering property, getting credit, level of taxes, employee contributions, competition etc. In this paper we will describe in short points the challenges that one business in Macedonia face, and that from the moment of registration till the end of the company describing in short points the process of bankrupt. At the beginning we will describe the facilitations that our country offers to the new businesses, the grants it offers, facilitations in employee contributions etc. The scientific method that we will use in this paper is the comparative analysis and the descriptive method. We will focus on comparing the level of tax in income, value added tax and the employee contributions in our country with the neighbor countries like Albania and Kosovo and finding out which country offers better business conditions in the aspects of the points mentioned above.

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