FAQ Financial Support

Frequently Asked Questions about Financial Support

  1. 1
    How to apply?

    The business entity shall submit an application along with a letter of Intent, a business plan for an investment project and a financial report for the previous years.

  2. 2
    Is there an online application procedure?

    All the documents for applying are attached on the Invest Macedonia web site. You can apply directly to the Agency’s archive.

  3. 3
    Can apply for more measures at the same time?

    The request may be submitted for several types of financial support, not just for one.

  4. 4
    What is an Initial productive investment?

    Investments in assets related to establishment of a new business entity, expansion of the production capacity of the existing one, introduction of a production process, introduction of new product, a fundamental change in the overall production process and acquisition of fixed assets by a business entity under bankruptcy or liquidation procedure are productive initial investments.

  5. 5
    How old should be the documents for applying?

    All documents should not be older than 60 days until the day of submitting the Request.

  6. 6
    Which entities can apply for the financial aid?

    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%.
  7. 7
    Can foreign investors apply for the financial aid?

    A commercial entity registered in the Register of Trade Companies within the Central Register of the Republic of North Macedonia can apply for financial support.

  8. 8
    What is new machine in the meaning of the Law?

    ‘’New machine’’ means every machine, equipment or plant manufactured not earlier than two years as of the date of purchase, which has not been previously used and that has been purchased or manufactured by the beneficiary of the financial support.

  9. 9
    What is an Investment project in the meaning of the law?

    ‘’Investment project’’  means all the activities that are to be undertaken by the business entity and that include investment in the construction of new, that, adaption, reconstruction or expansion of existing facilities, purchase of equipment, machines and plants and creating new jobs.

  10. 10
    When is the deadline for concluding the agreement for financial support?

    The agreement with the company shall be concluded no later than 15th of October of the current year.

  11. 11
    When is the deadline for submitting the payment request of the financial support?

    The beneficiary of the Financial Support that meets the conditions in accordance with the agreement on Financial Support, no later than 15th of November of the current year shall submit a request for payment of the financial support with the required documentation to the Agency.

  12. 12
    An agreement on financial support may be amended?

    An agreement on financial support of investments may be amended if for a particular investment project the business entity submits an application for granting another type of financial support by the 1st of August in the current year at the latest.