We have extensive experience with investment aid services and have undertaken many projects in different sectors. We have helped clients implement projects valued at over EUR 2.2 bil. and the companies received state aid of almost EUR 363 mil., which created almost 6,200 new jobs.
The new Regional Investment Aid Act, which introduced a number of changes, has been in force since 1 April 2018. At the beginning of July 2018, the legislative framework for the provision of investment aid was complemented by a government directive, an ordinance, and a state aid scheme. These documents stipulate in detail specific conditions for the provision of investment aid, the maximum amount of aid for an investment project in Slovak regions, and the required details of an application for investment aid, for the acceptance of offer, and monitoring reports.
Regional investment aid is a tool for supporting new and established investors who invest in industrial production, technology centres, or shared service centres. Under the new Regional Investment Aid Act, aid is provided as a tax allowance (tax holiday), a subsidy for new jobs created, a subsidy for acquired non-current tangible and intangible assets, or a transfer or lease of real estate at a price lower than the market value. Investment aid is granted up to 25%, or 35% of the total amount of eligible project costs, depending on the main location of the investment.
The new Regional Investment Aid Act responds to changes to the business environment in Slovakia. Its goal is to promote the inflow of investments into less developed Slovak regions, and support higher added-value investments by innovations and automation in line with the Industry 4.0 strategy.
“The new legislation’s goal is, inter alia, to increase the competitiveness of the Slovak economy and promote higher added-value investments with a focus on innovations in line with the Research and Innovation Strategies for Smart Specialization (RIS 3) and Industry 4.0 technological trends.“
