Brief Guide: Reasons to Invest: Investment Incentives: SIEPA

Serbia Investment and Export Promotion Agency

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Investment Incentives

Financial Incentives

For large investors, a special financial package is available. If a project's value exceeds €200 million, with the minimum of 1,000 new jobs created, the state may cover 25% of the investment. Investments of over €50 million that create the minimum of 50 new jobs can be subsidized for 20% of the project's value.

For standard-scale Greenfield and Brownfield projects in the manufacturing and export-related services sectors, non-refundable state funds are offered in the range between €2,000 and €10,000 per new job created.

Tax Incentives

10-year Corporate Income Tax holiday for large investments;

5-Year Corporate Income Tax holiday for investments in undeveloped regions;

Corporate Income Tax credits up to 80% of investments in fixed assets;

5-year Corporate Income Tax holiday for concessions;

Carrying forward of losses over a period up to 5 years;

Avoiding double taxation;

Salary Tax and social insurance charges exemptions;

Annual Income Tax deductions up to 50% of the taxable income;

Value Added Tax exemption in Free Zones.