We operate at the intersection of finance, regulation, and transaction execution, advising clients on the structuring, implementation, and scaling of financial services operations in North Macedonia.
North Macedonia’s financial services sector is evolving, with non-bank lending, fintech platforms, and alternative financing structures playing an increasingly important role alongside traditional banking institutions. This includes consumer lending, leasing, factoring, and a growing range of cross-border financial services. The regulatory framework is developing in parallel, creating both opportunities and complexity for market participants.
We advise a broad range of clients operating across this ecosystem, including non-bank financial institutions, consumer lenders, leasing companies, factoring platforms, financial intermediaries, and fintech operators. Our experience reflects both the regulatory and commercial realities of the market, combining operational advisory with involvement in complex financial transactions.
Our work includes advising on consumer and short-term lending structures, including payday loan models, as well as asset-based financing such as vehicle leasing. We have also supported the structuring and operation of B2B financing platforms facilitating receivables financing and factoring, acting as intermediaries between creditors and debtors. In addition, we have worked with clients involved in foreign exchange services, distribution of investment products such as mutual funds, insurance-related structures, and cooperation frameworks involving international financial institutions and development finance stakeholders.
We regularly advise on the regulatory framework governing financial services in North Macedonia, including the Law on Payment Services and Payment Systems and the consumer protection regime applicable to financial services. Our focus is on ensuring that business models are structured in a manner that is compliant, transparent, and commercially viable, particularly in relation to disclosure obligations, contractual standards, and client-facing practices. We also advise on related areas such as data protection, AML compliance, and internal governance structures.
In addition to regulatory advisory, we are actively involved in the structuring and documentation of financing transactions, including complex and multi-party arrangements. Our experience includes advising on syndicated and structured loan agreements, as well as the design and implementation of security packages covering a broad range of assets. We have worked with pledges, mortgages, receivables assignments, and collateral over movable and immovable property, including industrial equipment and intellectual property rights, as well as transactions involving loan portfolios and portfolio transfers.
Our role typically extends across the full lifecycle of financial operations—from initial structuring and legal feasibility, through documentation and negotiation, to post-closing support and enforcement strategy. This integrated approach allows us to deliver advice that reflects not only the legal framework, but also the practical realities of execution in the local market.
For foreign investors, financial institutions, and fintech companies, we act as a local counsel of choice, providing clear, transaction-oriented advice aligned with international standards and tailored to the Macedonian regulatory environment.
Get in touch to discuss your project in confidence and understand how to move forward efficiently, securely, and with a clear legal framework in place.
Phone: +389 70 257 879
Email: contact@boshnjakovski.com
