Why Invest

Taxes, Customs and other Incentives

• 10 YEAR TAX HOLIDAY – Investors in the free zones are entitled to a 10-year tax holiday for profit and corporate tax and 100% reduction of personal income tax for a period of up to 10 years. Investors are exempt from payment of value added tax for import and trade of goods in the free zones. Additionally, investors are exempt from payment of customs duties for equipment, machines and spare parts.

• The land in the free zones in Macedonia is available under long-term lease for a period of up to 99 years at concessionary prices.

• Investors are exempt from paying utility taxes to the local municipality, and fees for land building permits .

• Free connection to natural gas, water and sewage network.

• The Government may support growth of capital investments and income with a return of 10% of investment costs in new machines and equipment, or investment in buildings and land up to a maximum of €1 million during a 5-year period.

 

Comparative Advantages

TAX DUTIES
TAXRATE IN THE ZONERATE OUTSIDE THE ZONE
Corporate Tax0% up to 10 years10%
Personal Income Tax0% up to 10 years10%
Value Added Tax0%18%
Excise Tax0%5% – 62%
CUSTOMS DUTIES
PRODUCTSRATE IN THE ZONERATE OUTSIDE THE ZONE
Equipment, machines and spare parts0%5% – 20%

Business opportunities analysis

OUR SERVICES

 

Identification of project specific location factors

Cost analysis

Identification of supplier base

Detailed due diligence

Creating linkages

OUR SERVICES

 

University linkages

Reference company linkages

Recruitment agencies linkages

Organization of meetings with legal advisors and financial partners

One-stop-shop

OUR SERVICES

 

Design and infrastructure approvals

Issuing building and operational permits

Customs outpost in the Zone

Zone Infrastructure maintenance and upgrade

Aftercare

OUR SERVICES

 

Support with relevant tax and customs issues

Assistance in acquiring visas/work permits

Coordination and support in contacts with other state and local authorities

Please download the unofficial consolidated Law on Technological Industrial Development Zones (free zones) at the following link:

Law on Technological Industrial Development Zones