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April , 2013

Agency for Investments and Competitiveness. April , 2013. ABOUT US. The Agency for Investments and Competitiveness (AIK) was established by the Croatian Government on April 29, 2012 (Official Gazette, 5 3 /12) Objective:

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April , 2013

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  1. Agency for Investments and Competitiveness April, 2013

  2. ABOUT US • The Agency for Investments and Competitiveness (AIK) was established by the Croatian Government on April 29, 2012 (Official Gazette,53/12) • Objective: • Implementation of policies and measures for increasing competitiveness of the Croatian economy with special emphasis on promoting investments • The AIK’s activities started in September 2012 • Currently, there are 25 people employed and it is planned to increase this number up to 40 peopleinthecourseof 2013 • The AIK’s Supervisory Board (SB) is comprised of 15 members, representatives of relevant ministries (for economy, finance, regional development and EU funds, entrepreneurship and crafts etc.). • AIK focus are investors (companies) that meet EU criteria for large companies (250 employees, turnover of 50 milEur and assets 43 mil Eur). The companies that qualify as SME enterprises are subject to the Croatian Agency for Small and MediumEnterprises (HAMAGInvest)

  3. ABOUT US Implementation of policies and measures for increasing competitiveness of Croatian economy with special emphasis on promoting investments, improving efficiency in application of innovation and promoting use of financial mechanisms in order to support economy Investments Competitiveness • Providing active support to investors Improving investment environment • Promoting Croatia as investment destination Reducing red tape

  4. ACTIVE SUPPORT TO INVESTOR WHAT WE CAN DO FOR INVESTORS

  5. INCREASING COMPETITIVENESS HOW CAN WE EFFECT COMPETITIVENESS

  6. CURRENT RESULTS More than 60 PROJECTS in Agency's portfolio eCatalog of Investment projects - IN DEVELOPMENT (Agency gather, update and publish list of projects ready to invest) 3 COMPETITIVENESS CLUSTERS Automotive, Wood processing and Food processing clusters (in plan is 9 more clusters) WORKING GROUP FOR BUSINESS CLIMATE AND PRIVATE INVESTMENTS as a part of Government Coordination of economy, investments and EU funds

  7. WORKING GROUP FOR BUSINESS CLIMATE AND PRIVATE INVESTMENTS Agency for Investments and Competitiveness - main expert operational body • Agency is providing operational platform for realization of working group aims MAIN AIMS • Agency will focus on reducing barriers in realization of major private investment projects and removing obstacles • Analyzing and identifying key segments and priorities for improving business and investment climate in Croatia • Proposals of legislative and other solutions to the Government, to enable the improvement of business and investment climate in Croatia • Systematically following preparation and realization of private investment projects

  8. IMPROVING INVESTMENT ENVIRONMENT AND ENCOURAGING INVESTMENT INCENTIVES Regulatory framework already in place: Agency for Investments and Competitiveness supporting investors Act on Investment Promotion and Enhancement of Investment Environment INVEST IN CROATIA – EASIER THAN 6 MONTHS AGO

  9. INVESTMENT INCENTIVES ELIGIBLE SECTORS AND COSTS

  10. INVESTMENT INCENTIVES • Minimum investment: 150.000 € - SME’s and large size companies Respective investment incentives are calculated on an individual basis.

  11. INVESTMENT INCENTIVES CALCULATOR You can calculate your investment incentives in Croatia by Investment Incentives Calculator available at AIK web pages www.aik-invest.hr

  12. IMPROVING INVESTMENT ENVIRONMENT Next steps: Ministry of Economy Lex Specialis on investment projects of special interest to the Republic of Croatia Development of Investment Promotion Strategy –middleof 2013

  13. THANK YOU! We are standing at your disposal for any additional questions: www.aik-invest.hr

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