Tax incentives and other reliefs for investors

Community or Municipality Office:

• consultancy and support services throughout the investment process (from location planning to completion of the investment);
• close cooperation, where necessary, with investors who apply for permits and consents required by law;
• close cooperation, where necessary, with investors who apply to providers of utilities necessary for investment preparation and accomplishment for permits and consents required by law;
• support for projects within the framework of public private partnership;
• comprehensive service is provided within one Division/Department;
• each investment is monitored by an appointed office employee;
• up-to-date portfolio of investment areas available;
• professional investment catalogues available;
• assistance in identifying and acquiring buildings and land that fulfil investors requirements;
• Town/Community Office cooperates with the Labour Office to support investors by:
  • recruitment of employees;
• farmers are provided with consultancy services;
• expert consultancy and assistance concerning the European Union aid programmes;

Tax reliefs:

• statutory tax reliefs - entrepreneur is exempt from tax in the fiscal year in which the building was delivered;
• low taxes and local charges;
• advantageous tax rates;
• advantageous local charges;
• tax may be paid in instalments should the enterprise experience financial difficulties which undermine its existence;
• tax arrears may be paid in instalments should the enterprise experience financial difficulties which undermine its existence;

Other:

• information and consultancy centres for entrepreneurs operating in the Town/Community area;
• meetings with business representatives, held by the local authorities;
• unrestricted access to technical infrastructure within the investment areas;
• each investment offer is considered individually;