Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Invest in Croatia

648 views

Published on

Invest in Croatia

Published in: Business
  • Be the first to comment

  • Be the first to like this

Invest in Croatia

  1. 1. INVEST INCROATIA Agency for Investments and Competitiveness June, 2016
  2. 2. REPUBLIC OF CROATIA Land area: 56.594 sq km Population: 4,3 million Unemployment 15,9 % GDP 51,288 € (2014) GDP per capita 10.157 € (2014) FDI (million €) 2.910,1 (2014) Average monthly net salary 735,33 (2013) Consumer price index: 0,1% monthly -1,7 % yearly CATALONIA Land area: 32.108 sq km Population: 7,5 million Unemployment 17,42 % GDP 214,927 € (2015) GDP per capita 27,833 € (2014) FDI (million €) 3,031.6 (2014) Average monthly net salary 1.009,25 € (2013) Consumer price index: 0,7 monthly -0,8 yearly
  3. 3. ABOUT CROATIA BASIC MACROECONOMIC INDICATORS +2,7 %Quarterly GDP for first quarter 2016/2015 +3,2 %Retail trade turnover for April 2016/2015 +4,9 %Industrial production for April 2016/2015 -2% Unemployment rate for April 2016/2015
  4. 4. ABOUT CROATIA Source: Croatian National Bank, 2016 FOREIGN DIRECT INVESTMENTS 20% 19% 9% 7% 7% 5% 5% 4% 4% 3% 17% Netherlands Austria Germany Hungary Luxemburg Italy France Slovenia UK Switzerland Other 23.29% 3.25% 15.52% 12.94% 6.32% 0.40% 19.73% 0.15% 0.82%17.59% Financial Intermediation Hotels and Restaurants Trade Real-estate and Construction Post and Telecommunication Computer and related activities Manufacturing R&D Agriculture, hunting and forestry Other FDI – 29,557 billion € (1993 – 2015) FDI BY COUNTRY FDI BY SECTOR
  5. 5. ABOUT CROATIA INVESTMENT CLIMATE
  6. 6. Jump of 78 places in the last 11 years shorter time for starting a business shorter time for registering a property ABOUT CROATIA INVESTMENT CLIMATE YEARS DAYS DAYS DAYS DAYS
  7. 7. ABOUT CROATIA INVESTMENT CLIMATE out of 189 countries Serbia 59 Israel 53 Italy 45 Belgium 43 Spain 33
  8. 8. ALL THE BENEFITS OF EU COUNTRY •Stability •Single Market •Acquis Communautaire WHY CROATIA CONVENIENT LOCATION BUT STILL CLOSE TO CEFTA MARKET •Borders with 3 CEFTA countries •No tariffs on industrial products to/from Serbia, BaH and Montenegro
  9. 9. WHY CROATIA CONVENIENT LOCATION all of Europe within 3 hours Pan-European Corridors (X, Vb, Vc) cross its territory direct access to Rhine-Main- Danube waterway through four main river ports 6 strategic sea ports
  10. 10. WHY CROATIA CONVENIENT LOCATION – STRATEGIC PORTS 3 MOSTLY CARGO PORTS 3 MOSTLY TRAVEL PORTS RIJEKA PLOČE ŠIBENIK ZADAR SPLIT DUBROVNIK
  11. 11. Source: Eurostat, 2016 WHY CROATIA COST COMPETATIVE 68 68 71 75 76 79 79 79 80 81 81 82 86 88 89 90 100 101 102 105 105 108 113 114 126 130 131 135 136 149 Price level indices for investment, 2014, EU 28 = 100
  12. 12. WHY CROATIA COST COMPETATIVE Average labour costs per hour in 2015, EUR Croatia EU 28 Business economy 9,3 25,0 Industry 8,5 25,8 Manufacturing 8,2 - Construction 8,4 22,3 Information and communcation 13,9 - Administrative and support service activies 5,6 18,3
  13. 13. ITALIAN 14% GERMAN 34% ENGLISH 49% Source: Eurobarometer: Europeans and their Languages, 2006 WHY CROATIA MULTILINGUAL WORKFORCE International Olympiads in Informatics: 11 gold, 30 silver, 31 bronze medals International Mathematical Olympiads: 4 gold, 12 silver, 59 bronze medals ACSL All-Star’s 2016 winners
  14. 14. • Manufacturing activities • Technology centers • Strategic business support services • Tourism (4 plus star hotels and resorts, sports and health centers, etc) Sectors • Tax incentives • Employment and education grants • Incentives for R&D activities • Incentives for capital expenses of the investment project • Incentives for labor intensive investment projects Incentives • Equipment and machinery and intangible assets: patent rights, licenses, know-how, or • 2 year-gross salaries Eligible investment costs ELIGIBLE SECTORS AND COSTS WHY CROATIA INVESTMENT INCENTIVES
  15. 15. Incentives Tax incentives Up to 0% profit tax rate Employment incentives €3,000 – €18,000 per employee Incentives for Innovation and Development 20% of the eligible cost of buying the equipment/machinery (up to € 0.5 million) Incentives for Capital Expenses of the Investment Project Cash grant in amount of 20% of the eligible costs (up to € 1 million) Respective investment incentives are calculated on an individual basis. Minimum investment: €150,000 - SME’s and large size companies WHY CROATIA INVESTMENT INCENTIVES
  16. 16. WHY CROATIA INCENTIVES CALCULATOR
  17. 17. Source: National investment promotion agencies, 2016 CROATIA CZECH REPUBLIC BULGARIA SLOVAKIA Tax incentives Up to 0% of profit tax rate up to 10 years Full or partial corporate income tax relief 10% corporate tax (0% in areas with high unemployment) A company may deduct 125% - 150 % of the actual research and development (R&D) if located in specified regions Employment incentives per employee Up to 18,000 € per employee or up to 60% of two year gross salary Up to 11,000 € per employee Up to 1 year minimum salary and reimbursement of social/health care security From 5,000 up to 29,000 € per employee Training incentives Up to 70% of total training costs Up to 50% of total training costs Up to 25% for the vocational training for obtaining professional qualifications - Other incentives Up to 1.0 mil. € for the equipment Property tax exemption for a period of 5 years in special industrial zones Transfer of ownership rights over real estate (private state or private municipal property) R&D project technical feasibility study 65% of the eligible costs for large enterprises Experimental development activities 40% of the eligible costs for large enterprises 0.5 million € for R&D + EU Structural and Investments funds for Croatia Maximum intensity for large enterprises Guaranteed 25% in the whole teritory of Croatia 25%, except Prague (0%) 25% in the Yugozapaden region (50% in other regions) Depending of the region of investment 25-35%, except Bratislava WHY CROATIA INVESTMENT INCENTIVES COMPARISSON
  18. 18.  Contains information on more than 136 investment locations-business zones in Croatian and English  Includes investment sites that are completely equipped with settled property rights  The Catalogue contains zones of all counties  The Catalogue contains more than 800 companies which are active in 103 business zones and their data were verified  Sale price starts from 1 €/ m2  Total area of ​​the business zones: 6.192 ha  Available : 2.638 ha WHY CROATIA READY INVESTMENT SITES
  19. 19. Location (city/municipality) Šibenik Size of the zone (m²) 5.500.000 Available land size (m²) 2.500.000 Construction purpose Manufacturing and services Allowed construction density 0,4 Construction efficiency coefficient allowed 1,2 Allowed construction height (m) 13 Allowed noise level (at the border of the site, dB) Not foreseen in physical plans WHY CROATIA READY INVESTMENT SITES BUSINESS ZONE PODI
  20. 20. Industrialpark Nova Gradiškaltd. Location (city/municipality) Nova Gradiška Size of the zone (m²) 820.000 Available land size (m²) 570.000 Construction purpose Manufacturing and services Allowed construction density 0,4 Construction efficiency coefficient allowed 1,2 Allowed construction height (m) 14 Allowed noise level (at the border of the site, dB) 80 dB WHY CROATIA READY INVESTMENT SITES INDUSTRIAL PARK NOVA GRADIŠKA
  21. 21. Location (city/municipality) Bakar Size of the zone (m²) 5.000.000 Available land size (m²) 2.300.000 Construction purpose Manufacturing and services Allowed construction density 0,5 Construction efficiency coefficient allowed 1,5 Allowed construction height (m) 12 Allowed noise level (at the border of the site, dB) Not foreseen in physical plans WHY CROATIA READY INVESTMENT SITES INDUSTRIAL ZONE LTD BAKAR
  22. 22. QUICK OBTAINMENT OF BUILDING LICENCES Glass processing factory - Press glass SA 1 day Hotel Valamar President 2 days Factory for leather products - Wollsdorf components Ltd 5 days Washroom hygiene, mats, workwear and textile solutions - Cws-Boco Ltd 8 days Industrial plant for the production of energy bars - Atlantic Multipower Ltd 19 days LEGALDEADLINE: 30days WHY CROATIA INVESTMENT SITES
  23. 23. Catalogue of Investment Opportunities: mutual publication of state institutions and agencies that provides relevant information about public and private projects on sale or in search for strategic partners. Current number of projects: 67 projects, out of which 38 public projects and 29 private projects. Main features of Catalogue: All projects are in high stage of readiness for potential investor Tourism, public infrastructure and industry projects prevail The project values ranges from 4 million EUR up to 1 billion EUR The 8th Catalogue of Investment Opportunities is available for download at Publications section on Agency for Investments and Competitiveness website at www.aik-invest.hr WHY CROATIA READY MADE INVESTMENTS
  24. 24. Project holders: Republic of Croatia and City of Pula Project description: • Developing a former military recruitment center of 170 hectares into a high quality multipurpose resort (hotels, golf course, 2 marinas and sports port, hot balloon airfield, residential area and a number of public facilities such as Military Navy Museum, cultural- congress center, multifunctional hall, tourist office, gallery, entertainment center and beach facilities). • Comprised of 6 separated zones out of which 3 are intended for tourism and residential purpose (Marie Louise zone, Utvrda Muzil and Smokvica) while the other 3 zones (Dolina suza, Fižela, Mali Plato) are intended for supporting infrastructure (beach complex, entertainment center and sailing club) Transaction: Right to Build and Right to Use for a period of 99 years WHY CROATIA READY MADE INVESTMENTS – PROJECT MUZIL
  25. 25. Marie Louise Zone Two land plots of total 69.192 m2 are planned for construction of minimum 4* hotels: WHY CROATIA READY MADE INVESTMENTS – PROJECT MUZIL NUMBER IN THE PICTURE LAND AREA (m2) PURPOSE FLOOR AREA (m2) GROSS DEVELOPED AREA (m2) 1 58,420 Hotel, 630 beds 13,700 37,800 Garage, 200 parking places 6,000 6,000 2 10,772 Hotel, 120 beds 2,310 6,930
  26. 26. Muzil Fort Zone Planned capacities on total land area of 850,468 m2 WHY CROATIA READY MADE INVESTMENTS – PROJECT MUZIL NUMBER IN THE PICTURE LAND AREA (m2) PURPOSE FLOOR AREA (m2) GROSS DEVELOPED AREA (m2) 1 49,088 Tourism, settlement (T2), 250 beds 15,000 22,500 Garage, 100 parking places 2,3 56,307 Hotel (T1), 550 beds 21,900 33,000 14,607 Garage, 280 parking places 8,400 8,400 4 37,253 Residential area 7,400 14,800 5 65,263 Fort - golf house and public spaces 2,040 3,500 431,074 Golf course - - 189,065 Golf - green area - - 6 7,811 Business purpose 1,020 1,020 TOTAL 850,468 55,760 83,220
  27. 27. Smokvica Zone The construction of multipurpose facilities on a total area of 94.485 m2, with possibilities for 2 marinas with up to 190 berths each. WHY CROATIA READY MADE INVESTMENTS – PROJECT MUZIL NUMBER IN THE PICTURE LAND AREA (m2) PURPOSE FLOOR AREA (m2) GROSS DEVELOPED AREA (m2) 1 67,215 Hotel Smokvica 550 beds 10,200 33,000 Residential Area 2 7,800 30,000 Residential Area 3 10,000 35,600 Aquapark 12,500 12,500 Garage, 400 parking places 12,000 12,000 Garage, 260 parking places 7,800 7,800 2 27,270 Hotel Smokvica 400 beds 7,400 24,000 Aquarium 6,500 13,000 Shopping mall and a cinema 6,300 15,750 Garage, 500 parking places 15,000 15,000
  28. 28. Project holder: Special Hospital for Medical Rehabilitation Description: reconstruction and upgrade of existing capacities: • Hotel Minerva into 4* hotel (265 rooms, 4 suites, congress sport and recreational facilities), construction of a polyclinic, therapy area and medical wellness with indoor and outdoor swimming pools • Konstantinov Dom, into 3* hotel ( converting from a hospital to hotel accommodation facility with 64 beds). • Lovrina Kupelj into 3** hotel including water and therapy facilities, a polyclinic with therapy area and a medical wellness centre. Estimated value: 45,87 million EUR Transaction: The project holder is looking for an investor. WHY CROATIA READY MADE INVESTMENTS RECONSTRUCTION OF VARAŽDINSKE TOPLICE SPA
  29. 29. WE PROVIDE YOU Business intelligence Site selection Operation costs analysis After care service WE CONNECT WITH Government bodies RDA Local institutions Utility companies WE ASSIST WITH Investment opportunities identification Organizing site visits Gaining all necessary permits Gaining state incentives WHY CROATIA AGENCY FOR INVESTMENTS AND COMPETITIVENESS
  30. 30. Services 17% Real estate 7% Other 2%Pharmaceutics 10% Manufacturing 23% Tourism 41% SECTORS AGENCY FOR INVESTMENTS AND COMPETITIVENESS PORTFOLIO More than 150 ACTIVE INV. PROJECTS More than 10 BILLION EUR WORTH More than 15,000 NEW WORK PLACES WILL BE CREATED More than 300 INVESTMENT PROJECTS
  31. 31. AGENCY FOR INVESTMENTS AND COMPETITIVENESS HAS RECEIVED AN AWARD FOR THE BEST FDI PROJECT IN EASTERN EUROPE TIMES IN A ROW 2014 1 2016 1 2015 1 3 WHY CROATIA SUCESS STORIES
  32. 32. www.aik-invest.hr We stand at your disposal for any additional questions: THANK YOU!

×