april , 2013
DESCRIPTION
Agency for Investments and Competitiveness. April , 2013. ABOUT US. The Agency for Investments and Competitiveness (AIK) was established by the Croatian Government on April 29, 2012 (Official Gazette, 5 3 /12) Objective: - PowerPoint PPT PresentationTRANSCRIPT
April, 2013Agency for Investments and Competitiveness
ABOUT US
The Agency for Investments and Competitiveness (AIK) was established by the Croatian Government on April 29, 2012 (Official Gazette, 53/12)
Objective:• Implementation of policies and measures for increasing competitiveness of the Croatian economy
with special emphasis on promoting investments
The AIK’s activities started in September 2012
Currently, there are 25 people employed and it is planned to increase this number up to 40 people in the course of 2013
The AIK’s Supervisory Board (SB) is comprised of 15 members, representatives of relevant ministries (for economy, finance, regional development and EU funds, entrepreneurship and crafts etc.).
AIK focus are investors (companies) that meet EU criteria for large companies (250 employees, turnover of 50 mil Eur and assets 43 mil Eur). The companies that qualify as SME enterprises are subject to the Croatian Agency for Small and Medium Enterprises (HAMAG Invest)
Implementation of policies and measures for increasing competitiveness of Croatian economy with special emphasis on promoting investments, improving efficiency in application of innovation and promoting use of financial mechanisms in order to support economy
ABOUT US
Investments Competitiveness
Providing active support to investors
Promoting Croatia as investment destination
Improving investment environment
Reducing red tape
WHAT WE CAN DO FOR INVESTORS
WE PROVIDE INVESTOR WITH:
Business intelligence
Site selection
Operation costs
analysis
WE CONNECT INVESTOR WITH:
Government bodies
Local and regional
institutions
Utility companies
WE ASSIST INVESTOR WITH:
Organizing site visits
Assistance with gaining all necessary
permits
Assistance with gaining
state incentives
ACTIVE SUPPORT TO INVESTOR
REDUCING RED TAPE
IMPROVING INVESTMENT
ENVIRONMENT
SUPPORTING DEVELOPMENT OF COMPETITIVENESS
CLUSTERS
LINKING NEEDS OF BUSINESS SECTOR WITH
LABOR MARKET
SUPPORTING SPECIALIZATION
OF REGIONS
INCREASING COMPETITIVENESS
HOW CAN WE EFFECT COMPETITIVENESS
CURRENT RESULTS
More than 60 PROJECTS
in Agency's portfolio
eCatalog of Investment projects
- IN DEVELOPMENT
(Agency gather, update and publish list of projects ready to
invest)
3 COMPETITIVENESS CLUSTERSAutomotive,
Wood processing and Food processing clusters
(in plan is 9 more clusters)
WORKING GROUP FOR BUSINESS CLIMATE AND PRIVATE INVESTMENTSas a part of Government Coordination of economy, investments and EU funds
WORKING GROUP FOR BUSINESS CLIMATE AND PRIVATE INVESTMENTS
Agency for Investments and Competitiveness - main expert operational body
Agency will focus on reducing barriers in realization of major private investment projects and removing obstacles
Analyzing and identifying key segments and priorities for improving business and investment climate in Croatia
Proposals of legislative and other solutions to the Government, to enable the improvement of business and investment climate in Croatia
Systematically following preparation and realization of private investment projects
Agency is providing operational platform for realization of working group aims
MAIN AIMS
Regulatory framework already in place:
IMPROVING INVESTMENT ENVIRONMENT AND ENCOURAGING INVESTMENT INCENTIVES
Agency for Investments and Competitiveness supporting investors
INVEST IN CROATIA – EASIER THAN 6 MONTHS AGO
Act on Investment Promotion and Enhancement of Investment Environment
• Manufacturing activities• Technology centeres• Strategic business support services• Tourism (4 plus star hotels and resorts, sports and health centers,
etc)
Sectors
• Tax incentives• Customs preferences• Employment and education grants• Incentives for modernization of technology and R&D activities• Incentives for initial and capital expenses of the investment project• Incentives for labor intensive investment projects
Incentives
• Equipment and machinery and intangible assets: patent rights, licenses, know-how, or
• 2 year-gross salaries
Eligible investment costs
INVESTMENT INCENTIVESELIGIBLE SECTORS AND COSTS
Incentives
Tax incentives 0% - 10% profit tax rate
Employment incentives €3,000 – €18,000 per employee
Incentives for Innovation and Development
20% of the eligible cost of buying the equipment/machinery (up to € 0.5 million)
Incentives for Initial and Capital Expenses of the Investment Project
Cash grant in amount of 10% of the eligible costs (up to € 1.0 million)
Respective investment incentives are calculated on an individual basis.
Minimum investment: 150.000 € - SME’s and large size companies
INVESTMENT INCENTIVES
INVESTMENT INCENTIVESCALCULATOR
You can calculate your investment incentives in Croatia by Investment Incentives Calculator available at AIK web pages
www.aik-invest.hr
Next steps:
Lex Specialis on investment projects of special interest to the Republic of Croatia
Development of Investment Promotion Strategy – middle of 2013
IMPROVING INVESTMENT ENVIRONMENT
Ministry of Economy
THANK YOU!
We are standing at your disposal for any additional questions:
www.aik-invest.hr