Through the Law on Financial Support of Investments, the Government of the Republic of North Macedonia provides financial support to business entities for the implementation of productive initial investments, with the objective of enhancing the competitiveness of the economy, encouraging investments, and increasing employment.

Financial support is granted in accordance with the conditions and procedures defined in the Law and the signed Financial Support Agreement between the Government and the beneficiary.

Through this mechanism, numerous companies in North Macedonia have received financial support, contributing to the expansion of their business activities, the strengthening of economic capacities, and the improvement of the country’s investment attractiveness.

CRITERIA

Financial support may be granted to business entities that meet the criteria defined in the Law, including:

1. Implementation of a productive initial investment
2. Growth of total revenues from operations during the investment period
3. The average number of employees not reduced by more than 5% compared to the baseline defined in the agreement

Financial Support can be granted for:

1. New employments
2. R & D Centers and Activities
3. Investments in projects of enormous economic interest
4. Capital Investments
5. Support for the acquisition of companies that are facing difficulties
6. Growth of the competitiveness of companies

ADDITIONAL FINANCIAL SUPPORT

1. For Productive Initial Investments of business entities founded by Macedonian with residence or temporary stay out of the Republic of North Macedonia, the amount of the financial support shall be increased by 15% of the justified investment costs, up to 1.000.000 euros annually.
2. For the purpose of contributing to balanced regional development, the beneficiaries of financial support shall be granted additional financial support depending on the planning region where the production initial investment is implemented.