Investment Aid Opportunities for Projects Investment aid – provided under Act 561/2007 Coll. on Investment Aid, amending certain acts, as amended
Sector: Manufacturing (according to SK NACE)
Technological centres
Strategic services centres
Tourism
Forms of investment aid: Grants for non-current tangible and intangible assets, tax relief, contributions toward the creation of new jobs, transfers/exchanges of immovable property for lower than the market value of the asset
Eligible costs: – Tangible assets: land, buildings, machines and technological equipment
– Intangible assets: know-how, patents, licences, off-patent technical knowledge
– Salary expenses: for new jobs over a two-year period
Technologies to be included in eligible costs must be new, i.e. acquired under market conditions and manufactured no earlier than two years prior to acquisition.
Technological centres and strategic services centres
| Technological centres | Strategic services centres |
| Minimum investment of €500,000 | Minimum investment of €400,000 |
| Minimum €250,000 must be covered by equity | Minimum €200,000 must be covered by equity |
| Minimum 70% of staff to be employed must have higher education | Minimum 60% of staff to be employed must have higher education |
| Minimum 30 new jobs | Minimum 40 new jobs |
Manufacturing
– Building a new business
– Expanding manufacturing at an existing business
– Diversifying manufacturing into new, additional products
– Radically changing production at an existing manufacturer
Minimum investment in an industrial project depends on the unemployment rate in the district where the company will be investing, as well as the proportion of new technological equipment to eligible costs. A further condition is the creation of at least 40 new jobs (valid for all districts).
If an established business is going to be expanded, production must increase by at least 15%.
| Unemployment | Maximum investment | Percentage of new techno-logical equipment | Covered by equity | ||
| Large enterprise | SME | Large enterprise | SME | ||
| Below the Slovak average rate | €10 million | €5 million | 60 % | €5 million | €2.5 million |
| Above the Slovak average rate | €5 million | €2.5 million | 50 % | €2.5 million | €1.25 million |
| At least 35 % above the Slovak average rate | €3 million | €1.5 million | 40 % | €1.5 million | €750,000 |
Investment aid
The maximum amount of investment aid is determined by the maximum percentage of eligible costs which may be covered for the investor by approved investment aid. The maximum intensity of investment aid is determined by per capita GDP in the region. Regions in Western, Central and Eastern Slovakia are eligible for investment aid.
For the purpose of contributions to create new jobs, Slovakia is further divided into four zones (A, B, C and D), where maximum possible assistance is greater in districts with a high unemployment rate.
| Western Slovakia | Central Slovakia | Eastern Slovakia | |
| Maximum aid intensity (total) | 25 % | 35 % | 35 % |
| Maximum grant | 25 % | 35 % | 35 % |
| Maximum tax relief | 25 % | 35 % | 35 % |
| Maximum asset transfer | 25 % | 35 % | 35 % |
| Maximum contribution for a new job | Maximum contribution depends on the individual zones(unemployment) within Western, Central and Eastern Slovakia | ||
Work on an investment project is not allowed to begin until it has been submitted to the Ministry of Economy.
An investment project must be maintained for a five-year period after funds in the amount stated in the investment project have been invested);
Jobs must be maintained for a five-year period after the specific job has been filled;
If you are interested in having your company’s investment projects financed with investment aid, you can contact us HERE and we would be pleased to introduce you to the office of Lansky, Ganzger & Partner Rechtsanwälte, spol. s r.o., with which we are cooperating in this area and which has specialised staff available with several years of experience.
