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Investment Opportunities in Kosovo

Investment Opportunities in Kosovo. Why investing in Kosovo?. Low taxes regime Abundant resources Stimulating investment environment Stable political system Young and multilingual population Flexible labor market and competitive labor force Sound banking system

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Investment Opportunities in Kosovo

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  1. Investment Opportunities in Kosovo

  2. Why investing in Kosovo? • Low taxes regime • Abundant resources • Stimulating investment environment • Stable political system • Young and multilingual population • Flexible labor market and competitive labor force • Sound banking system • An inviting business environment • New Customs Code –trade facilitations • Many investment opportunities • IPAK

  3. Low taxes regime • Customs duty on imports 10% - a reduced rate of 0% applies to imports of capital goods and agricultural production inputs • VAT rate is 15% • 0% taxes on exports • Personal income tax rates vary from 0- 20% • 0% VAT and customs duty on exports • Corporate income taxes 20%

  4. Stimulating investment environment • Free access to the market of the European Union and the markets of neighboring countries (member of CEFTA agreement); • Simple and quick business registration procedure • Modern and EU compatible legal framework; • The Euro is official currency, eliminating Euro zone currency risk

  5. Law on foreign investments • National treatment investment regime • Guarantees for unrestricted use of income • Prohibition of favoritism and discrimination • Protection against expropriation • 99 year land lease (UN guarantee)

  6. Young and multilingual population • Young and motivated population • 2 million population • 70% under the age of 35 • Official languages: Albanian and Serbian • Other European languages mainly English, Italian, German Swedish, French and Turkish etc

  7. Flexible labor market and competitive labor force • Highly flexible labor force • Average monthly wage 229 EUR • Low income tax 5 % • Mandatory contributions for individual pension saving accounts 10% Abundant resources Abundant natural resources: lignite, lead,zinc, ferronickel and fertile agricultural land

  8. Sound banking system • BPK Authority-regulates banking and insurance sectors • All banks are private • 7 banks, including Raiffeisen Bank,NLB, etc.and 8 insurance companies

  9. New Customs Code –trade facilitations • Bonded Warehousing- store imported goods under customs control, without paying any duties until sale • Inward Processing Relief- import, process and re export , no duty • Other facilitations- processing under customs control, transit, temporary admission, etc.

  10. Energy and mining • Lignite reserves about 14 billion tones • One add. 1000 MW capacity, GDP increase of 17% • Demand for investments in new coalmines • Huge deposits of lead and zinc ( Trepça mines) • Gold and silver • Ferronickel and magnesium

  11. Agriculture • Agriculture sector • Suitable and fertile land (fruits and vegetables) • Area of 1.1 million hectares • Private family small and fast growing farms • Bio products • 0% tariff rates for agro inputs and cap. goods • A long winemaking tradition • Opportunities on reviving livestock production, meat and diary production

  12. Tourism • Winter tourism • One existing ski resort -soon in privatization • Virgin skiing resorts- potentials

  13. Privatization of SOE-s • Run by Kosovo Trust Agency • Nearly 500 SOE to be privatized • 30 rounds past, nearly 200 SOE still to be privatized • Mostly agricultural companies, trade metal processing, textile • Possibility of concessions or leases

  14. Automotive sector • Shock Absorbers Factory • Producer of shocks for cars, trucks, busses seats, • washing machines etc • Supplier of PEUGEOT, Gorenje, Fiat, etc. with OEM

  15. Industrial Park (Drenas) • 24 Hectares of Land • 8 km from Prishtina Railway station • 21 km from Prishtina • Adjacent to Prishtina/Skopje Highway • Easy access to power, water, telecommunications etc

  16. Information on general business environment and specific industries • Information on Taxation, Employment, Customs, Real Estate and other relevant laws and regulations • Linking potential investors to Brownfield, Greenfield, and JV opportunities, including site visit organization • Advice on business service providers: financial, consulting… • Assistance with registration, licensing, work permits, and other documentation • Assistance in dealing with administration on all levels What can IPAK do for you?

  17. KOSOVO IS READY AND OPEN FOR BUSINESS Investment Promotion Agency of Kosova, Qyteza pejton, Perandori Justinian, Nr. 3, Phone& Fax: 038 200 36041

  18. Investment Promotion Agency of KosovoTel & Fax: +381 38 200 36041 web: www.invest-ks.org email: info@invest-ks.org

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