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 | ||
|---|---|---|
| TAX | RATE IN THE ZONE | RATE OUTSIDE THE ZONE |
| Corporate Tax | 0% up to 10 years | 10% |
| Personal Income Tax | 0% up to 10 years | 10% |
| Value Added Tax | 0% | 18% |
| Excise Tax | 0% | 5% – 62% |
| CUSTOMS DUTIES | ||
|---|---|---|
| PRODUCTS | RATE IN THE ZONE | RATE OUTSIDE THE ZONE |
| Equipment, machines and spare parts | 0% | 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:
