Tax incentives and other reliefs for investors

Community or Municipality Office:

• online information service for investors (investment opportunities, documents, taxes, community charges, etc.);
• public aid for investment;
• comprehensive service is provided within one Division/Department;
• up-to-date portfolio of investment areas available;
• investment opportunities in the Town/Community area;
• information on investment opportunities is available in the following languages:
  • English;
• investment areas available are both community- and private-owned;
• assistance in negotiations with private owners of investment areas;
• assistance in negotiations with institutional owners of investment areas;
• assistance in identifying and acquiring buildings and land that fulfil investors requirements;
• access to utilities may be provided at community′s own expense;
• local authorities hold meetings with business representatives to discuss major local issues;
• local government authorities cooperate with non-governmental organisations on a business level;
• Town/Community Office cooperates with the Labour Office to support investors by:
  • reducing the investment costs by providing apprenticeship and training funded by the Labour Office;
• extensive promotion of local business activities by the Town/Community Office;
• farmers are provided with consultancy services;
• expert consultancy and assistance concerning the European Union aid programmes;

Tax reliefs:

• statutory tax reliefs - entrepreneur is exempt from tax in the fiscal year in which the building was delivered;
• advantageous tax rates;
• advantageous local charges;
• tax may be paid in instalments should the enterprise experience financial difficulties which undermine its existence;
• tax arrears may be paid in instalments should the enterprise experience financial difficulties which undermine its existence;
• deadlines for tax payment may be extended should the enterprise experience financial difficulties which undermine its existence;
• partial exemption from property tax;
• exemption from land tax;

Other:

• unrestricted access to technical infrastructure within the investment areas;
• each investment offer is considered individually;

For details concerning aid programmes for investors, see the following websites:

• Community;

community photo