Financial Aid

General Key points

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 Initial Investments
  • Generated growth of total revenues from operation
  • The average number of employees has not been decreased by more than 5%
  • Newly registered company
  • Textile & Leather-processing manufacturer
  • Company for military equipment production

Financial Aid can be granted for:

  • New employments
  • Cooperation with local suppliers
  • R & D Centers and Activities
  • Investments projects of enormous economic interest
  • Capital Investments
  • Support for acquisition of companies that are facing difficulties
  • Growth of the competitiveness of companies

For Productive 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 15% of the justified investment costs, up to 1.000.000 euros annually.

Law on the financial support of Investments 2021 (consolidated text)

Download Here

 

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Share on print