INFORMATION ABOUT INCENTIVES Advantages of investing in BiH - Stability of the currency; - Low inflation rate; - Favourable geographic position; - Abundant natural resources; - Existing economy capacities; - Educated, qualified and comparably inexpensive labour; - Favourable income tax rate in comparison to the other countries -10%; - Taxes and contributions due to personal payroll -52%; - Availability of international transfer of profit, upon fulfilment of legal obligations towards the Republic; - BiH is a signatory of CEFTA Agreement on Free Trade with West Balkan Countries and Moldova;National dealing with international investors: - To establish a legal entity fully owned by the international investor (international or national investor); - To invest into an existing company; - To invest into bank or insurance company; - To obtain a concession on use natural resources, goods of common utility, and to perform activities of general interest for the Republic. Advantages of investing in the City of Bijeljina - Industrial zones equipped with infrastructure, with favourable conditions of land plot purchase for brownfield investments, extra conveniences provided for construction of a plant for agricultural product processing or buying; - Educated, qualified and comparably inexpensive labour; - Efficient city administration; - Regional centre of economics, culture and healthcare; - Jurisdictions of Bijeljina Registry Court; - Registration timeframe 3-5 days. Incentives available in order to start-up small and medium companies- Incentives to found a company - START-UP; - Incentives for developing the existing and START-UP companies; - Incentives for introducing a quality system; - Incentives for women – entrepreneurs; - Incentives for returnees – entrepreneurs; - Incentives for unincorporated craft shops. Incentive programmes adjusted to each individual investment, based on: - the scope of investment; - number of job vacancies; - values of work positions; and - classification of the investment as priority or a pod-sector. An example of incentives:- Payment for land in industry zones within the period of 60 months, with no interest rate inclusion; - 70% - 90% of reduction of fees and taxes due to production facilities. Information about incentives Relief and exemption from payment of communal taxes Relief of communal fee payment Relief of fee payment due to management of town land for construction