New direct investment regulation - Minimum amount of incentives doubled to EUR 4,000

Government of Serbia has adopted a new direct investment regulation, which doubles the minimum amount of incentives for each newly created job to EUR 4,000, the Ministry of Economy of Serbia told Beta news agency.

As people at the Ministry of Economy pointed out, the maximum amount of incentives is kept at EUR 10,000 per job, but the new Regulation cancels double incentives for devastated areas and areas of special interest.

There are now four groups of municipalities as a result of the government's official classification of their developedness, conditioning only the minimum amount of investments that can be supported by the Regulation, the Ministry of Economy explained.

In order to get incentives for a direct investment in a municipality in, for example, the most underdeveloped, fourth group, the investor needs to invest a minimum of EUR 500,000, people at the Ministry specified.

The new Regulation also introduces a scoring system for various criteria, based on which the amount of incentives per newly created job is determined, reads a statement issued by the Ministry of Economy and Regional Development.

According to the Regulation, investors can obtain incentives for creating 50 or more new jobs.