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INVESTMENT FORUM May 29, 2007, Seoul. Zoran Horvat Strategic Planning Division. RECOGNISED AS…. KNOWN FOR…. City of Korcula - b irthplace of Marco Polo
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INVESTMENT FORUM May 29, 2007, Seoul Zoran Horvat Strategic Planning Division
KNOWN FOR… City of Korcula - birthplace of Marco Polo ... Other explorers before him had changed the geography of the world. Marko Polo changed its history. We see Marko Polo as a fitting symbol of, and role model for, today's young Europeans, epitomizing as he does those qualities of daring, initiative, imagination and intellectual curiosity ...
WHY INVEST IN CROATIA? WISE STRATEGIC LOCATION
WHY INVEST IN CROATIA? MOST MODERN TRANSPORT INFRASTRUCTURE IN THE REGION
WHY INVEST IN CROATIA? ADVANCED ICT INFRASTRUCTURE
WHY INVEST IN CROATIA? INNOVATIVE PEOPLE “Croatia has had a rich history in innovators and the Croatian Government hasdemonstrated its belief in the importance ofKnowledge and IT!” Bill Gates President of Microsoft
WHY INVEST IN CROATIA? INNOVATIVE COMPANIES Source: Worldbank, 2005
WHY INVEST IN CROATIA? EFFECTIVENESS & MULTILINGUALISM “We have employed a highly educated work force, with a very good knowledge of English language.“ Mr.Mats Tilly, CEO TELE2 Croatia “Croats have passion to win!” Ms. Maria Radtke Director Finance & Sourcing ERICSSON Nikola TeslaCroatia
WHY INVEST IN CROATIA? COST COMPETITIVE Source: EUROSTAT
WHY INVEST IN CROATIA? COST COMPETITIVE Source: EUROSTAT
WHY INVEST IN CROATIA? COST COMPETITIVE Source: EUROSTAT
WHY INVEST IN CROATIA? COST COMPETITIVE Source: EUROSTAT
REWARDING INVESTMENTS Investment promotion Law supports: • Manufacturing • Technology and R&D Centers • Strategic and Business Support Services
REWARDING INVESTMENTS EMPLOYMENT INCENTIVES
REWARDING INVESTMENTS TAX INCENTIVES
PRO-BUSINESS ENVIRONMENT • Equal treatment of foreign and domestic investors • Free repatriation of invested capital and profits • Tax exemption on revenues from capital (dividends, interest rates, financial participations, profits from buying/selling securities) • Withholding tax on dividends was cancelled in January 2005 • No custom is levied on imported equipment for the investment • Price of industrial land completely equipped with utilities and infrastructure starting at EUR 0.12 per sqm (example: city of Virovitica) • Over 100 business zones available for investment • Logistic Supply Chain – close to motorway/rail/seaport/airport
AT YOUR SERVICE! Government agency with the main tasks: • To provide full service to investors during and after the implementation of their investment projects • To propose measures to enhance the business environment • To present Croatia internationally as a desirable investment location
Deputy Prime Minister President Minister of Finance Minister of Economy, Labour and Entrepreneurship Deputy President Minister of Foreign Affairs Minister of Environ- mental Protection, Physical Planning and Construction Minister of Sea, Tourism, Transport and Development Two representatives of the business community STEERING COMMITTEE
NATIONAL TEAM REGIONAL TEAM APIU ADVISORY BOARD INVESTORS CLUB NETWORK
SERVICES WE PROVIDE: WE ASSIST: • with all administrative licenses • needed • with gaining access to state and • local incentives • prior, during and after realization • of investment projects • information about economic and • legal investment environment • guidance through free zones • and industrial parks • database of available land and • property • organized site visits tailored to • meet investors’ needs WE NETWORK: • government bodies • local and regional institutions • utility companies • financial, accounting and legal advisors
THANK YOU FOR YOUR ATTENTION! www.apiu.hr Zoran Horvat zoran.horvat@apiu.hr Tel. +385.1.4866.075 Fax. +385.1.4866.007 Address: Andrije Hebranga 34 10000 Zagreb Croatia