Technological Industrial Development Zones

TIDZ

The land in the Free Economic Zones is available under long term lease for a period of up to 99 years for 0.10 euro /m2 per year. Additionally, there is free connection to natural gas, water and sewage network. Furthermore, investors are exempt from paying utility taxes to the local municipality as well as fees for building permits.

The users of the free zones are entitled to 10-year tax holiday for corporate and personal income tax. Investors are also exempt from payment of VAT (value added tax) for imports and trade of goods in the free zones. Furthermore, investors are exempt from payment of custom duties for equipment, machines and spare parts. Additionally, the Government may support growth of capital investment and income with 10% return of investment costs in new machines all types of equipment or investment in construction of building or purchasing land.

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