Facilities
Benefits for Operating in the Free Zone Pirot
- Export of goods and services from the Zone and import of goods and services in the Zone are duty and tax free.
- Imported equipment, machinery and construction materials are duty free and free of other charges.
- The goods brought into the Zone are VAT free.
- Transport and other services provided to the users of free zones that are directly related to the entry of goods in a free zone are VAT free.
- Fuels such as electricity, gas, fuel oil, and coal, are VAT free.
- Legal entities, manufacturers who are users of free zones are exempt from paying income tax – 10% (Article 46a).
- Municipality of Pirot exempted the users of the Zone that have employed 200 and more new workers from 30% on the income tax .
- Municipality of Pirot exempted the users of the Free Zone Pirot from 50% on the property tax.
- Municipality of Pirot exempted the users of the Free Zone Pirot from 50% on the property tax.
- For the construction of new facilities in the zone, the users are exempted from:
- Fees for urban planning
- Fees for the taxes and municipal administration fees
- Fees for using urban construction land
- Connections to the local water and sewer infrastructure
- Fees for urban conditions and approvals
- For exploiting the premises, for the period of five years, the users are exempted from:
- Local utility taxes
- Fees for using urban construction land
- 50% of the cost of garbage collection
- For doing business in the Zone, the Municipality give following exemption to the users:
- 50% on the property tax for the new users of the Zone
- 30% of the corresponding income tax of the employees for the manufacturing companies that employ 200 or more new workers, an addition to the reduction of income and property taxes
Benefits of the logistics centre of the Free Zone Pirot
- Customs operating in the Zone – customs papers
- Fast and efficient procedure of import/export
- Expert staff with relevant certificates and licences
- Terminal for customs inspections and parking of the vehicles monitored by the security service
- A set of logistics services – transportation organization, handling, loading, shipping services, etc.
- The project of construction of intramodal logistics terminal as a strategic project on corridor X encompasses:
- expansion of the existing customs terminal with the appropriate equipment
- construction of a modern container terminal
- construction of a Ro-La terminal
- road and rail trans-shipment services
General benefits offered by the Serbian Government to the investors
- Products that are at least 51% of Serbian origin are exported to the Russian market with the duty of just 1%;
- Low tax rates: VAT 18% - in free zones 0%, property tax: 0,4%, tax on profit and capital gains: 20%
- Investments over 7.5 million USD and 100 newly employed workers are not subject to income tax in the period of 10 years
- Various tax incentives for investment, for the maximum period of 10 years and with 20% of tax deduction
- Tax incentives for the newly employed workers
- Tax loan valued 40% of the investment value for investment in assets
- Exemption from income tax for the revenues for the period of 5 years from concessions
- Tax exemptions for the eligible investors that invest in vocational training, vocational rehabilitation and employment of the disabled
- Two-year tax loans for the undeveloped area
- The grants for the development of agriculture, ecology, environmental protection, scientific research, etc.
- Financial incentives for investment in creating new positions - www.siepa.gov.rs
Here you can download the information about facilities and benefits in Freee Zone Pirot (.pdf, 97KB)
