Balkans On the Web

10 REASONS FOR INVESTMENT IN SUBOTICA

1. EASY ACCESS TO 210 MILLION CUSTOMER MARKET -

Free trade agreement with Croatia, Bosnia and Hercegovina, Romania, Bulgaria, Macedonia, Albania, Moldova – 60 million consumers market - Free trade agreement with Russian Federation – 150 million consumers market

2. PERFECT STRATEGIC LOCATION FOR BUSINESS DEVELOPMENT

- Pan European corridor 10

- Two international border-crossings

- “Gate of Europe, doorstep of Balkan”

3. VAT 8 TO 18%, PROFIT TAX 10% - LOWEST IN EUROPE

4. EFFICIENT AND BUSINESS FRIENDLY ADMINISTRATION

5. SPECIAL DISCOUNTS FOR INVESTORS

6. FREE ZONE

7. 720 HA OF COMMERCIAL AREAS IN URBAN PLAN

8. WELL TRAINED, HARDWORKING AND EASY TO COME BY LABOR

9. GREAT TOURISTIC RECOGNITION 10. POTENTIAL FOR EDUCATION AND SCIENCE INSTITUTIONS

+ FRIENDLY AND CHEERFUL PEOPLE AND PERFECT ATMOSPHERE FOR LIVING, ENTERTAINMENT AND RELAXATION

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Territory & Infrastructure

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Funding

Financial Incentives for Investors in Sebia In addition to the existing benefits comprising highly qualified labor force at competitive prices, the possibility of duty-free exports to all the markets in South East Europe and Russia, strategic geographic position and the lowest corporate profit tax in Europe at 10%, Serbia is proud to offer financial assistance for future investments in the country. Based on the Serbian Government Decree adopted in late June of 2006, the non-refundable funds will be assigned according to specified criteria for investment projects in all areas, except for trade, tourism, hospitality and agriculture. Eligible companies are those involved in manufacturing activities, internationally marketable services sector* and research and development sector. Investments in manufacturing activities:

Available funds: starting at €2,000 up to €5,000 per every new employee,
The minimum investment amount: between €1 million and €5 million, depending on the unemployment rate in the municipality where the investment is made,
The minimum number of new job positions: 50. Investments in the internationally marketable services sector:
Available funds: starting at €2,000 up to €10,000 per every new employee,
The minimum investment amount: €1 million,
The minimum number of new job positions: 10. Investments in the R&D sector:
Available funds: starting at €5,000 up to €10,000 per every new employee,
The minimum investment amount: €1 million,
The minimum number of new job positions: 10. Investment projects will be scored and evaluated based on the specific criteria:

investor’s references,
participation of domestic suppliers in the final product and the investment effect on local companies,
investment’s sustainability and viability,
the effect related to the R&D sector,
the effect on human resources,
environmental impact,
international turnover of services for investments in this area,
the effect on development of the local community, and
municipality support related to providing all necessary permits and incentives.

Applications are to be submitted to the Serbia Investment and Export Promotion Agency (SIEPA). All necessary documentation will be available at the Agency’s web-site (www.siepa.sr.gov.yu) after the invitation for application is published. Upon evaluation and scoring of investment projects, the funds for selected projects will be awarded in accordance with the number of points, and paid out in four increments throughout the project’s lifetime: 1st increment: after concluding the contract for sale or lease of land, 2nd increment: after obtaining the construction approval, 3rd increment: after obtaining the right-to-use permit, 4th increment: after achieving full employment envisaged by the investment project. We cordially invite you to contact us for detailed information and look forward to working with your company.

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More information about Subotica on the web: www.subotica.org.yu

Subotica Statistical Data

Inhabitants: 148401	Temperature: °C Spring: 12 - 13 Summer: 14 - 15 Autumn: 16 - 17 Winter: 19 - 20
Land Area: 1007 km²
Population density: 147 / km²
Religion: Roman Catholic and Othodox
Language: Serbian, Hungarian and Croatian	Altitude: 10 ASL
Holidays:

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