It's impossible to for me to say if it's bad idea or not. It could be either. I would consider the following points. But first I want to mentioned that the coun

It's impossible to for me to say if it's bad idea or not. It could be either. I would consider the following points. But first I want to mentioned that the country just recently changed its name to North Macedonia. Do you speak the language? Can you easily get the correct visas to visit and work there? Do you really want to depend on personal favours from a friend to handle the legal part of running a business? You should probably account for the cost of professional legal and accountancy advice for the long term. North Macedonia is one of the best ranked countries (by the World Bank) for ease of doing business. https://en.wikipedia.org/wiki/Ease_of_doing_business_index https://en.wikipedia.org/wiki/Ease_of_doing_business_index North Macedonia is not in the EU yet, so exporting or importing to/from the EU will not be totally frictionless. What would you lose/gain if you just incorporate in your country of residence and hire contractors working remotely in North Macedonia. If the venture is successful, you may well end up spending a large part of your life in North Macedonia. Does that appeal to you? For whatever it's worth I've met someone who lived there for 3 years due to work, and they loved it.