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INVEST
INCROATIA
Agency for Investments and Competitiveness June, 2016
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
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
ABOUT CROATIA
Source: Croatian National Bank, 2016
FOREIGN DIRECT INVESTMENTS
20%
19%
9%7%
7%
5%
5%
4%
4%
3%
17%
NetherlandsAustriaGermanyHungaryLuxemburgItalyFranceSloveniaUKSwitzerlandOther
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 Telecommu-nication
Computer and related activities
Manufacturing
R&D
Agriculture, hunting and forestry
Other
FDI – 29,557 billion € (1993 – 2015)
FDI BY COUNTRY FDI BY SECTOR
ABOUT CROATIA
INVESTMENT CLIMATE
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
ABOUT CROATIA
INVESTMENT CLIMATE
out of 189 countries
Serbia 59
Israel 53
Italy 45
Belgium 43
Spain 33
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
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
WHY CROATIA
CONVENIENT LOCATION – STRATEGIC PORTS
3 MOSTLY CARGO PORTS 3 MOSTLY TRAVEL PORTS
RIJEKA
PLOČE
ŠIBENIK
ZADAR
SPLIT
DUBROVNIK
Source: Eurostat, 2016
WHY CROATIA
COST COMPETATIVE
Croati
a
Hungary
Portugal
Czech Rep
ublic
Lithuan
iaGree
ce
Poland
Slove
nia
Slova
kiaSp
ainLat
via
Estonia
Cypru
sMalt
aIta
ly
Irelan
dEU
28
United Kingd
om
Belgium
Luxembourg
Netherl
ands
Austria
France
German
y
Finlan
dIce
land
Denmark
Swed
en
Switze
rland
Norway
68 68 71 75 76 79 79 79 80 81 81 82 86 88 89 90100 101 102 105 105 108 113 114
126 130 131 135 136149
Price level indices for investment, 2014, EU 28 = 100
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
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
• 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
Incentives
Tax incentives Up to 0% profit tax rateEmployment 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
WHY CROATIA
INCENTIVES CALCULATOR
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 enterprisesExperimental 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
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
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
Industrial park Nova Gradiška ltd.
Location (city/municipality) Nova GradiškaSize 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
Location (city/municipality) BakarSize 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
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
LEGAL DEADLINE: 30 days
WHY CROATIA
INVESTMENT SITES
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
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 CROATIAREADY MADE INVESTMENTS – PROJECT MUZIL
Marie Louise Zone
Two land plots of total 69.192 m2 are planned for construction of minimum 4* hotels:
WHY CROATIAREADY 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 6,0002 10,772 Hotel, 120 beds 2,310 6,930
Muzil Fort Zone
Planned capacities on total land area of 850,468 m2
WHY CROATIAREADY 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
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 CROATIAREADY 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
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 INVESTMENTSRECONSTRUCTION OF VARAŽDINSKE TOPLICE SPA
WE PROVIDE YOUBusiness intelligence
Site selection
Operation costs analysis
After care service
WE CONNECT WITHGovernment bodies RDA
Local institutions
Utility companies
WE ASSIST WITHInvestment opportunities identification
Organizing site visits
Gaining all necessary permits
Gaining state incentives
WHY CROATIA
AGENCY FOR INVESTMENTS AND COMPETITIVENESS
Services17%
Real estate7% Other
2%
Pharmaceutics10%
Manufacturing23%
Tourism41%
SECTORS
AGENCY FOR INVESTMENTS AND COMPETITIVENESS
PORTFOLIO
More than 150ACTIVE INV. PROJECTS
More than 10BILLION EUR WORTH
More than 15,000NEW WORK PLACES WILL BE
CREATED
More than 300 INVESTMENT PROJECTS
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
www.aik-invest.hr
We stand at your disposal for any additional questions:
THANK YOU!