Financial Incentives

• National Employment Service ⇒ €850 - €1,700 for employment of up to 50 new workers.
• National Employment Service ⇒ co-financing with €900 retraining programs.
• Provincial Government ⇒ €1,000 - €1,300 per every new job created.
• Provincial Government ⇒ subventions for traineeship programs.
• State grants ⇒ Serbian Government awards non-refundable funds for every new employment. A new investment package has been prepared for investors into Serbia. State grants are offered for Greenfield and Brownfield projects in all industries, except for retail, tourism, hospitality, and agriculture.
• For large investors, a special financial package is available. If a project's value exceeds €200 million, with the minimum of 1,000 new jobs created, the state may cover 25% of the investment. Investments of over €50 million that create the minimum of 300 new jobs can be subsidized for 20% of the project's value.
• For standard-scale Greenfield and Brownfield projects in the manufacturing and export-related services sectors, non-refundable state funds are offered in the range between €2,000 and €10,000 per new job created.

For large-scale projects, the amount of grants is determined by the government, depending on the investment's importance, value, and term.

In case of standard-scale projects, state funds are awarded upon the scoring based on the following criteria:

• Investor's references,
• Participation of domestic suppliers in the final product and the investment effect on local companies,
• Investment sustainability,
• Effects related to R&D,
• Effects on human resources,
• Environmental impact,
• The value of international turnover for investments in the services sector,
• Imports substitution,
• Effects on the development of the local community, and
• Municipal support related to deduction of local fees.

Upon the assessment of investment projects, the funds for selected projects are 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.

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