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Serbia, What rules for investors is the new Government regulation bringing?

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In order for the investor to be able to count on state aid in the future, he needs to invest a minimum of 300,000 euros, instead of the previous 100,000, according to the amended Government Decree on determining the criteria for awarding incentives to attract direct investments.

The division of local self-governments according to the level of development is abolished, and the territory of Serbia is divided into five regions: Belgrade region, Vojvodina, Šumadija and Western Serbia, Southern and Eastern Serbia, and Kosovo and Metohija.

Here are the new rules for investors:

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Belgrade region – investment of 500,000 euros and at least 50 workers

Vojvodina – investment of 400,000 euros and 40 jobs

In Šumadija and Western Serbia, Southern and Eastern Serbia, as well as in Kosovo and Metohija, – investments of 300,000 euros, employment of at least 30 new workers

(New workers in devastated municipalities had to be employed for an indefinite period of time, and the minimum investment was three times less)

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The new regulation stipulates that for investments greater than five million euros, the deadline for the realization of the investment project is up to 10 years from the date of submission of the application for the allocation of funds.

In the future, investors will be able to receive 20 percent of the justified costs of the gross salary per worker, and a maximum of 2,000 euros, if they plan the investment in the Belgrade region. For new employees in Vojvodina, it follows 25 percent and a maximum of 3,000 euros each. In the regions of Šumadija and West Serbia, South and East Serbia and in Kosovo and Metohija, they will be entitled to 30 percent of the justified expenses of the gross salary, and the limit is 5,000 euros

Let us remind you that according to the Regulation that was in force until now, investors could receive a maximum of 7,000 euros per newly opened workplace in a local self-government unit that, according to the level of development, belongs to a devastated area.

The amended regulations also paid attention to technologies with minimal impact on the environment. These are technologies of renewable energy sources, storage of electrical and thermal energy, heat pumps, network and technologies of renewable fuels of non-biological origin, technologies of sustainable alternative fuels, electrolyzing and fuel cells, for energy production through nuclear processes with minimal waste from the fuel cycle, containment technologies, utilization and storage of carbon compounds, and energy efficiency technologies associated with the energy system.

 

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