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 investment in projects of significant economic interest for North Macedonia (salaries)
- Economy name
- North Macedonia
- ID
- N14
- Incentive name
- Financial support for investment in projects of significant economic interest for North Macedonia (salaries)
- Brief description
- Financial support for investment in projects of significant economic interest for North Macedonia - subsidy for net salaries higher by at least 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 23 (c)
Investment projects of significant economic interest for North Macedonia shall be the
following:
- investment projects whose investment is at least EUR 4 000 000 and provides at least 300 new
jobs or
- investment projects whose investment is at least EUR 20 000 000.
d) payment of monetary funds for every employee for whom a net salary higher by at least 50%
higher than the amount of the minimum net salary prescribed under the Law on the Minimum
Salary in North Macedonia has been paid as follows:
- amount of EUR 2 000 in MKD equivalent according to the middle exchange rate of the
Central Bank of North Macedonia on the day of payment for a business entity that
employs up to 300 persons;
- amount of EUR 3 000 in MKD equivalent according to the middle exchange rate of the
Central Bank of North Macedonia on the day of payment for a business entity, only
for the part of the employees from 301 to 500 persons;
- amount of EUR 3 500 in MKD equivalent according to the middle exchange rate of the
Central Bank of North Macedonia on the day of payment for a business entity, only
for the part of the employees from 501 - 1000 persons;
- amount of EUR 4 000 in MKD equivalent according to the middle exchange rate of the
Central Bank of North Macedonia on the day of payment for a business entity, only
for the part of the employees from 1001 - 2000 persons.
- Incentive group
- Financial
- Incentive category
- Subsidy
- 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 %)
- Scalar increase of grant depending of number of people employed
- 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 24. (4) The financial support referred to in Article 23 paragraph (1) point d) lines 1, 2, 3 and 4 of this
Law shall be paid on a one-time basis for each newly created job at an annual level for a period
of four years as of the year of conclusion of the agreement, that is, as of the year of the start of
the investment project. (5) The beneficiary of the financial support should maintain the investment and the newly
created jobs for a period of at least five years as of the last year in which the investment project
is ended.
- 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