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Invest in Serbia – Financial Incentives

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State grants are offered for Greenfield and Brownfield projects in all industries, except for trade, tourism, hospitality and agriculture. Eligible companies are those involved in manufacturing activities, internationally marketable services sector, and research and development.

Investment in manufacturing activities:

  • Available funds: from €2,000 up to €5,000 per every new employee;
  • The minimum investment amount: between €1 million and €3 million, depending on the unemployment rate in the municipality where the investment is made;
  • The minimum number of new jobs created: 50.

Investment in the internationally marketable services sector:

  • Available funds: from €2,000 up to €10,000 per every new employee;
  • The minimum investment amount: €500,000;
  • The minimum number of new jobs created: 10.

Investment in R&D:

  • Available funds: from €5,000 up to €10,000 per every new employee;
  • The minimum investment amount: €250,000;
  • The minimum number of new jobs created: 10.

Non-refundable funds are awarded to prospective investors in accordance with the number of points earned. Investment projects are scored and evaluated based on the following criteria:

  1. investor’s references,
  2. participation of domestic suppliers in the final product and the investment effect on local companies,
  3. investment’s sustainability and viability,
  4. the effect related to R&D,
  5. the effect on human resources,
  6. the environmental impact,
  7. international turnover of services for investment in this area,
  8. the effect on development of the local community, and
  9. municipality support related to deduction of local fees.

Applications are to be submitted to SIEPA. Upon evaluation and scoring of investment projects, the funds for selected projects are awarded in accordance with the number of points, and paid out in four increments throughout the project’s lifetime:
1st increment: after concluding the contract for sale or lease of land,
2nd increment: after obtaining the construction approval,
3rd increment: after obtaining the right-to-use permit,
4th increment: after achieving full employment envisaged by the investment project.

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To date, 38 foreign and local companies have already been approved €22.9 million of non-refundable funds for the projects worth €292 million providing for 10,756 new jobs.

 

SIEPA

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