Public calls

CREATE LIFE – Support to opening new job positions

Sector for Strategic Investment

Tel: 011/3398-243

ivan.cvetkovic@ras.gov.rs

 

The programme concerns supporting investment projects in the production sector and the sector of services which can be the subject matter of international trade. The amount of aid depends on the level of development of local self-government units, number of new employees and the amount of investments.

Conditions and criteria are clearly defined by the Regulation on terms and conditions of attracting direct investments of the Government of the Republic of Serbia.

 

REGULATION on terms and conditions of attracting direct investments:

• Funds shall be used for financing investment projects in the production sector and the sector of services which can be the subject matter of international trade, in accordance with the Regulation
• Funds shall not be allocated for investment projects in the sector of transport, software development, hospitality, games of chance, trade, production of synthetic fibres, coal and steel, tobacco and processed tobacco products, weaponry and ammunition, shipbuilding, airports, communal sector and sector of energy supply, broadband network, or to the business companies in difficulties,
• Deadline for implementing the investment project and employing new staff associated with the investment project shall be up to three years from the day of submitting application for granting incentive funds, which can be extended after signing the contract on the allocation of incentive funds up to five years at most.

Funds can be allocated for the following:

1) investment projects in the production sector whose eligible investment costs are at least 100,000.00 EUR thus ensuring the employment of at least 10 new employees on a full-time basis in the local self-government units classified as devastated areas according to their development level;

2) investment projects in the production sector whose eligible investment costs are at least 200,000.00 EUR thus ensuring the employment of at least 20 new employees on a full-time basis in the local self-government units classified as belonging to the fourth group according to their development level;

3) investment projects in the production sector whose eligible investment costs are at least 300,000.00 EUR thus ensuring the employment of at least 30 new employees on a full-time basis in the local self-government units classified as belonging to the third group according to their development level;

4) investment projects in the production sector whose eligible investment costs are at least 400,000.00 EUR thus ensuring the employment of at least 40 new employees on a full-time basis in the local self-government units classified as belonging to the second group according to their development level;

5) investment projects in the production sector whose eligible investment costs are at least 500,000.00 EUR thus ensuring the employment of at least 50 new employees on a full-time basis in the local self-government units classified as belonging to the first group according to their development level;

6) investment projects in the sector of services which can be the subject of international trade with the least possible value of 150,000.00 EUR thus ensuring the employment of at least 15 new employees on a full-time basis;

7) investment projects in the sector of agriculture and fishing with the least possible value of 2,000,000.00 EUR thus ensuring the employment of at least 25 new employees on a full-time basis i.e. opening at least 25 new job positions associated with the investment project.

 

Documentation:

 

1) Application and business plan for investment projects for the realisation of which applications are submitted regarding the process of granting funds as part of a public call;

2) original or a certified copy of registered financial statements of the Investor for the previous three years of business activities, followed by the findings of an authorised auditor (if there is a legal obligation for obtaining the finding of an authorized auditor), whereby a foreign legal entity shall submit the original or a certified copy as well as the certified translation in the Serbian language (followed by the findings of the authorised auditor, provided that this is in line with the national legislation of the foreign proponent of the investment project, or the Investor’s statement claiming that he/she is not obliged to obtain the statement of an authorised auditor);

3) original or a certified copy of the excerpt from the Registry of Business Entities, submitted by the Investor seated in the Republic of Serbia, i.e. an excerpt from the appropriate registry of the state where the foreign Investor is seated, not older than three months, certified by the competent authority, as well as the certified translation of the excerpt into Serbian;

4) evidence that previous bankruptcy procedure, restructuring procedure, bankruptcy or liquidation have not been initiated against the business subject in question, in accordance with the regulations governing the processes of bankruptcy and liquidation;

5) written statement that in terms of realising the given investment project, i.e. in terms of the given eligible costs, no state aid has been allocated from the budget of the Republic of Serbia, autonomous province or local self-government unit, and in case it has been allocated, grounds for such allocation, as well as the description of the form and amount of the given state aid shall be provided;

6) evidence on settling liabilities associated with tax, customs and contributions in the Republic of Serbia, and in terms of foreign investors not having business activities in the Republic of Serbia, a signed statement shall be provided claiming that the Investor did not have business activities in the Republic of Serbia and that the Investor does not have identification number provided in accordance with the regulations governing tax procedures and tax administration;

7) excerpt from the Central Registry of Obligatory Social Insurance determining the number of employees and the type of business activity of the Funds Beneficiary at the moment of submitting the Application for Granting Funds;

8) evidence that the responsible person at the business company has not been legally convicted for any criminal offence representing the abuse of economy or property rights, illegal trade or malfeasance in office;

9) evidence that the criminal procedures are not being held against the responsible persons representing the business company;

10) evidence that the business subject has not been convicted for committing a criminal offence while conducting business activities.

The Agency is entitled to require submitting of other documentation, in case it finds it expedient.
Documents submitted by a foreign business subject shall be certified in accordance with the regulations of the state of their issuance and they shall be translated into Serbian by a certified translator.
The day of delivering the Application for Granting Funds to the Agency shall be considered as the actual day of its submitting.

Associated documentation:

List of Development of LSU

Application Form and content of Business Plan i

Public Call