DTIDZ: Best Free Economic Zone Leadership Balkans 2021
Over the past two decades, DTIDZ has created an ideal environment for conducting business in south-eastern Europe. The North Macedonia Free Zones Authority is the governmental body responsible for developing free economic zones (FEZs) throughout the country — and DTIDZ is the focal point for investor support. Free-zone investors enjoy a 10-year tax holiday on profit and corporate tax, plus a 100 percent reduction in personal income tax. They’re exempt from value-added tax on imports and traded goods, and customs duties are waived on equipment, machinery and spare parts. FEZ tenants receive exemptions on utilities taxes and free connection to the natural gas, water and sewerage networks. There are no building permits fees and long-term leases — up to 99 years — are offered at concessionary prices. DTIDZ advises on government support programmes for capital investments that could provide a healthy return on investment. It has implemented a one-stop-service concept that aligns with international best practice, benefitting investors with individualised packages based on 10-year projections on revenues, profits, employment and salaries. Committed after-care services are a priority for the agency. DTIDZ also launched a single-contact after care system enabling direct communication with each company. DTIDZ is more than a development agency; it’s a repository of efficient business concepts led by professionals. The free zones operate through public and private partnerships that facilitate knowledge-sharing and optimal operations. Thanks to these efforts, Northern Macedonia has been hailed as a new business haven for Europe. The CFI.co judging panel notes the country’s business-friendly climate, and recognises the part DTIDZ has played in its achievement. DTIDZ wins the 2021 award for Best Free Economic Zone Leadership (Balkans).
