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 increasing the competitiveness in the market
- Economy name
- North Macedonia
- ID
- N17
- Incentive name
- Financial support for increasing the competitiveness in the market
- Brief description
- Financial support for achieved growth of sold quantities or growth of revenues from a business activity of sold products on the marker of up to 10% of eligible investment costs
- 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 29
(1) The financial support for business entities that have increased their competitiveness in the
market shall be granted for achieved growth of sold quantities or growth of revenues from a
business activity of sold products in the market.
(2) The maximum amount of the financial support referred to in paragraph (1) of this Article
shall be 10% of the eligible investment costs, but not exceeding EUR 1 000 000 in MKD
equivalent according to the middle exchange rate of Central Bank of Macedonia
on the day of payment.
(3) The financial support referred to in paragraph (1) of this Article shall be granted annually, but
not for a period longer than five years as of the date of the start of the investment project.
- 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
- Market expansion
- In case of grant, share of grant in investment (in %)
- 0,1
- 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 -
to achieve growth of sold quantities or growth of revenues from a business activity regarding
sold products in the market in the year to which its application pertains, by at least 5% more than
the average in the last three years and
- to maintain or achieve growth of the average number of employees and growth of the revenues
from a business activity of at least 5% above the average in the past three years, or for a shorter
period depending on the date on which the enterprise is founded or started its business activity
determined in accordance with the agreement on financial support.
- 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 submitted 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