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Setting up a Business

Incentives

Taxes, Customs and other Incentives

• 10 YEAR TAX HOLIDAY - Investors in the free zones are entitled to profit tax exemption and 100% reduction of personal income tax for a period of up to 10 years, so that the effective rate of personal income tax will amount to 0%. Investors are exempt from payment of value added tax for goods, raw materials, and equipment. 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 of the Republic of Macedonia may participate up to €500.000 in the construction costs of the investor in the free zone depending on the number of new employees and investment amount.

 

Comparative Advantages

CUSTOMS DUTIES
PRODUCTSRATE IN THE ZONERATE OUTSIDE THE ZONE
Equipment, machines and spare parts 0% 5% - 20%

 

TAX DUTIES
TAXRATE IN THE ZONERATE 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%