WB6 IIP
Western Balkans Six
Investment Incentives Platform
The Western Balkans Six Investment Incentive Platform is the first of its kind in the region, providing detailed information on available incentives in each of the WB6. It is one of the key measures under the Regional Investment Area, which is part of the Common Regional Market Action Plan 2021-2024.
Developed with input from Investment Promotion Agencies (IPAs) across the region, the platform includes both financial and non-financial incentives, categorized by type, sector, and target audience.
It provides comprehensive information for investors looking to invest in the WB6. As an evolving resource, the platform will be updated every six months to ensure it remains current and relevant.
Financial support for new employments
- Economy name
- North Macedonia
- ID
- N8
- Incentive name
- Financial support for new employments
- Brief description
- Financial support of up to 20% of the paid monthly net salary for each new employment with net salary 50% higher than the minimum net salary
- Legal reference name
- Law on Financial Support of Investment No. 83/2018 „Official Gazette of North Macedonia“ No. 98/2019, 124/2019 and 178/2021
- Legal reference
law section / article -
Article 15
(1) Financial support for new employments shall be granted for new full-time employments of
citizens of Macedonia.
(2) Any business entity that continuously pays a monthly net salary which is at least by 50%
higher than the minimum monthly net salary stipulated in the Law on the Minimum Salary of the
North Macedonia shall be entitled to a financial support in the amount of 20% of the paid
monthly net salary for each new employment in the previous year.
(3) The maximum annual amount of the financial support referred to in paragraph (2) of this
Article which may be granted for a new employment shall be EUR 4 400. The maximum annual
amount of financial support shall be defined in proportion to the period as of the day of
employment.
(4) The financial support referred to in paragraph (2) of this Article may not be granted for a
period exceeding five years as of the day of the first employment in the specific job.
- Incentive group
- Financial
- Incentive category
- Grant
- Economy-wide/Sector-specific
- Sector-specific
- Sector (Simplified)
- Manufacturing
- Sector (NACE)
- N/A
- Size of firm that can use incentive
- All sizes of firms
- Level at which incentive is available
- Economy-wide
- Ownership of firm that can use incentive
- Any
- Incentive location
- General
- Main objective of the incentive
- Job creation
- In case of grant, share of grant in investment (in %)
- 0,2
- Contact Info
-
Agency for Foreign Investment and Export Promotion of North Macedonia
st: Nikola Vapcarov No.7, 1000, Skopje
contact: +389 2 3100 111
email: info@invest.gov.mk
web:www.invest.gov.mk
- Weblink to Incentive information in English
- Weblink to Incentive information in local language
- Eligibility criteria
description -
Article 16: 1. Achieve a growth of revenues from the business activity and of the average number of
employees in accordance with Article 9 of this Law and
2. At least 75% of the newly employed persons in the course of the year for which the financial
support is sought should be persons that meet at least one of the following requirements:
- were unemployed at least 3 months prior to the employment and were not employed with the
beneficiary of financial support or any associated business entity at least 12 months prior to the
employment; or
- are employed for the first time with the beneficiary; or
- their last employment was terminated due to initiation of a bankruptcy or liquidation procedure;
or
- were employed in public or government immediately before the employment.
- Eligibility criteria
weblink
- Awarding Authority (Name)
- Agency for Foreign Investment and Export Promotion of North Macedonia (Invest North Macedonia) and the Directorate for Technological Industrial Development Zones
- Application procedure + Weblink (where available)
-
The application form for granting Financial Support for investment outside technological industrial development zones shall be submitted to Invest North Macedonia as a competent authority no later than May 31st of May of the current year.
The application for financial support for investments within the technological industrial development zones shall be submited to the Directorate for Technological Industrial Zones.
In addition to the application, financial statements from the previous four years or for a shorter period depending on the date of establishment of the business entity are submitted.
https://investnorthmacedonia.gov.mk/invest-how-to-apply/
- Implementing Authority (Name)
- Agency for Foreign Investments and Export Promotion of North Macedonia