Tax incentivizes for the investors in Technological Industrial Development Zones and in accordance with the Law on the Financial Support of Investments
In 2007, the Republic of North Macedonia, a developing country, enacted the Law on Technological Industrial Development Zones (TIDZ) to encourage investments in these zones, fostering economic growth and development. Subsequently, in 2018, the government introduced the Law on the Financial Support of Investments. Both laws aim to stimulate economic growth and employment while enhancing the competitiveness of North Macedonia’s economy.
The government offers compelling incentives to foreign and domestic investors, including:
These incentives have resulted in over 17,000 jobs created by foreign investors in the TIDZ. Moreover, these investors have engaged local companies in their supply chains, facilitating knowledge transfer within their respective industries.
Moreover the TIDZ and the Government are ready to invest in tailor made solutions for each investor, based on his preference and investment capacity.
In 2018, the Macedonian Government introduced the Law on the Financial Support of Investments to attract both foreign and domestic investors. The main incentives under this law include:
Our law firm has been dedicated to assisting foreign investors in securing financial support from the government. We offer guidance in negotiating investment agreements, both within and outside the TIDZ, along with support in project financing and navigating the process of establishing companies in North Macedonia. Our services encompass legal aspects, construction, licensing, employment, structural setup, bylaws, GDPR, and compliance with domestic legislation.
For further information on the benefits and the investment pathway in North Macedonia, please contact our Managing Partner, Ivica Jevtic.
Ivica Jevtic – Managing partner at Tosic & Jevtic law firm