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Financial Aid General Key points from the Law on Financial aid

With the Law on the Financial Support of Investments, the Government of the Republic of North Macedonia offers financial funding of Productive Initial Investments aimed at increasing the competitiveness of the economy and the employment. Many Macedonian companies received financial support and thus contributed to increase the economic capacity of the country.

Entities qualified as beneficiaries of financial support shall be business entities:

  • That have started Productive Initial Investments
  • Generated growth of total revenues from operation
  • The average number of employees has not been decreased by more than 5%

Financial Aid can be granted for:

  • New employments
  • Establishing and promoting the cooperation with suppliers from the Republic of North Macedonia
  • Technological development and research
  • Investments projects of enormous economic interest
  • Capital Investments
  • Support for acquisition of companies that are facing difficulties
  • Increase of the level of trade
  • Support for winning new markets

For Initial Investments of business entities founded by citizens of the Republic of North Macedonia with residence or temporary stay out of the Republic of North Macedonia, the amount of the financial support shall be increased by 10% of the completed investment.

Law on the financial support of Investments (consolidated text)

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Law on the financial support of Investments (Official Gazette of Macedonia no.83/2018)

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Law Amending the Law on the Financial Support of Investments (“Official Gazette of the Republic of North Macedonia” no. 98/2019)

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Law Amending the Law on the Financial Support of Investments (“Official Gazette of the Republic of North Macedonia” no. 124/2019)

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