vojvodina region
Transcription
vojvodina region
Agribusiness Sector INVESTMENT OPPORTUNITIES VOJVODINA REGION Republic of Serbia VOJVODINA INVESTMENT PROMOTION – VIP EU BORDER REGION DISTANCES FROM MAJOR EUROPEAN CITIES Success stories Key Ingredients of Vojvodina Offer Market Advantages Free Trade Agreements EU Russian Federation CEFTA Turkey EFTA Belarus Kazakhstan USA Overview of Tax Rates VAT Standard Rate 20% Lower rate 8% Corporate Profit Tax* Uniform rate 15% (10 year holiday: for investments over €9m and 100 new jobs) Personal Income Tax Salaries 10% Other income 20% Annual Income Tax 10 to 15% Social Insurance Contributions Pension and disability insurance 11% - 13% Health insurance 6,15% Unemployment insurance 0,75% *Serbia has a Double Taxation Treaty with 50 countries Labor Cost Average NET salary in Vojvodina 2013 NET Salary (EUR) % 373.64 Personal Income Tax 10.00 42.06 Contributions (employee) 19.90 103.28 GROSS Salary Contributions (employer) 518.98 17.90 TOTAL COST transport costs holiday allowance meal allowance 92.9 611.88 Incentives Employment Incentives Provincial Government €1,170 National Employment Service €1,350 for co-financing per every new job created up to €0.2m for Greenfield investments retraining programs State Grants €4,000 - €10,000 per employee (€0.5m investment, 10 jobs) Local Government construction land free of charge Agribusiness in Vojvodina • Arable areas covering 1.78 million hectares - 89% of total land surface • Region rich in water - Danube, Sava and Tisa • Agribusiness: 40% of total industrial production and 30% of total export Subsectors in focus: Processing of cereals and flour Meat processing Fruit and vegetable processing Production of Confectionery products VIP FDI MODELS 1) Greenfield investment 2) Brownfield investment: Starting strategic partnership with domestic companies who need technological and financial partners Success Story • Ecoland Telecka in Vojvodina is a part of Ecoland Germany (Danube Soya member) • The assciation of Ecoland Telecka consists of 20 family farms, who export all their products to Germany • On approximately 60 hectares, there is rotating production of Biopaprika, Biocorn, Biosoy, Biomustard, Biopoppyseed and Biopopcorn. Success Story • Sanders – French company for animal feed production • Global numbers: 26,000 buyers (farmers), 3.6 milion tonns of feed produced in 23 different production facilities • 2012 - production started in Vojvodina, Temerin settlement • Products, premixes and feed additives: • cattle feed (cows, buls, heifers, goats, sheep) • poltry feed • pig feed Thank you for your attention! Vojvodina Investment Promotion – VIP Narodnog fronta 23d, 21000 Novi Sad, Serbia Tel: +381 21 472 3245 Fax: +381 21 472 1921 E-mail: [email protected] Web: www.vip.org.rs