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Sectors Sectors
Tax Tax

Investment and Development Agency of Latvia (http://www.liaa.gov.lv/en)

Accessibility to large markets

Skilled and motivated workforce

Developed infrastructure

Macroeconomic and political stability

Business friendliness

Cost effectiveness

Access to suppliers and resources

Technology transfer

Quality of life

Woodworking

Metalworking and mechanical engineering

Transport and storage

Information technology (including global business services)

Green technology

Health care

Life sciences

Food processing

Corporate income tax – 15%

Personal income tax – 23% ( to active income, e.g. employment, assignment fee)

Real estate tax

Social insurance contributions

VAT – 21% (12% is used e.g. for medical goods, periodicals, accommodation services, and thermal energy supplied to private individuals)

Vehicle operation tax

WHT (part of corporate income tax law) – 10% (5% WHT is applied on rent paid for real estate located in Latvia)

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Sectors Sectors
Tax Tax

Invest Lithuania (https://investlithuania.com/)

Business environment

Talented workforce

Quality and costs

Infrastructure

Innovation and R&D

Lifestyle

Global business services (financial, manufacturing, IT)

Technology (fintech, cybersecurity, game development, data centres); blockchain technology (blockchain centre in Vilnius), one of the three most favourite countries for ICO; manufacturing (automotive components, aviation/ MRO)

Corporate income tax – 15%; in some cases – 5% (WHT – 10% for interest and royalty income paid to non-resident companies)

Personal income tax – 15% (health insurance contribution – 9%)

Social security contributions by the employer from 27.98% to 29.6%, depending of the type of employer

VAT – 21% (some services/items have reduced VAT of 5% or 9%)

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Sectors Sectors
Tax Tax

Strong local consumer market

Favourable country location

Well-educated workforce

According to E&Y, Poland is the second most attractive European country for investment

Quality of life

Developed infrastructure

Business friendliness

Real estate

Agriculture

Industry & Construction

Services

Biotechnology

Business services sector

Domestic appliances

Electronics

Food processing

IT

Health care

Research & Development

Corporate income tax – 15% (for taxpayers starting their business), 19% (dividends, profits from business conducted by resident entities), 20% (for non-resident entities, profits from copyrights, trademarks, know -how, etc), 10% (entities not established in Poland, due fees for commercial shipping)

Personal income tax – from 18% to 32% (according to the progressive tax scale)

Tax on civil law transactions – from 0,5% to 2%

Real estate tax – max. 0,48 PLN/1m2

VAT – 23%

Inheritance tax – from 3% to 12%

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Pros Pros
Sectors Sectors
Tax Tax

Stable political and economic environment

Educated workforce

Relatively low wages

Strong focus on R&D

Attractive regions of the Czech Republic

Quality of life

Aerospace

Automotive (Automotive OEMs, Automotive R&D, E-mobility, Self-driving vehicles, Lightweighting)

Chemical

Business services

Direct taxes:

Personal income and corporate income – 15% on active (employment, self-employment) and passive income (e.g. capital gains, dividends, interests)

Property taxes

Transfer taxes

 

Indirect taxes:

VAT – 21% (15% on foodstuff, non-alcoholic beverages, heat, cold, public transport, accommodation and selected medical/sanitary goods and food-serving services; 10% on baby formula and children’s food, certain pharmaceuticals, certain printed books, children’s picture books, newspapers, magazines, music sheets and food for gluten-intolerant persons

Excise tax

Customs duties

Ecological taxes

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Pros Pros
Sectors Sectors
Tax Tax

Safe investment environment: political and economic stability

Central European hub & favourable geographic location with great export potential

The fastest growing Eurozone member within the last 10 years (CAGR)

Slovakia 10 Year CEE Leadership in Doing Business 2004-2013 (World Bank)

CEE Leader in Physical Property Rights Security (PRA)

CEE leader in labour productivity and in TOP 10 hardworking countries (OECD)

Highly skilled labour force with adaptability to different culture management styles

No. 9 worldwide in adapting to new technologies & high innovation potential

Official currency – the euro

Large selection of industrial land & offices

Steadily growing infrastructure network

Attractive government investment incentives program

Automotive

ICT

SSC & BPO

Wood processing industry

Aerospace

Machinery industry

Chemical industry

Electrical engineering industry

Personal Income tax – 19% or 25% above certain income level

Corporate Income tax – 21%

VAT – 20%, drugs, books and certain food products VAT – 10%

Excise taxes (alcohol, tobacco products, mineral oils, electricity, gas and coal) – lump sum depends on the volume of goods

Real estate tax – tax rate depends on the location

Motor vehicle tax – from 61 to 2700 EUR, depends on the type of vehicle

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Pros Pros
Sectors Sectors
Tax Tax

Location in the heart of Europe

Dynamic economic growth

Business-friendly environment

Membership in the European Union and NATO

Long-term political stability

EU conform investment incentives

Highly developed logistical, transport and communications infrastructure

Well-trained, creative and flexible human capital

High productivity/wage ratio

Strong presence of foreign and multinational companies

Automotive

Electronics

ICT

SSC

Logistics

Food industry

Life sciences

Medical technologies

Renewable energy

Corporate income tax – 9%

Social security contributions – 22%

Real estate transfer tax – 4%

VAT – 27% (standard fee)

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Pros Pros
Sectors Sectors
Tax Tax

Industrial parks (with additional benefits for companies in parks)

Cost of living (Bucharest is approx. 50% cheaper than Western European capitals and approx. 12% cheaper than other CEE capitals)

Labor costs (approx 5EUR/h which is 1/5 of the EU average)

Education

Macroeconomic situation (rapid GDP grow since 2013)

ICT

Automotive

Aerospace

Agriculture

Bioeconomy industry

Creative industry

Personal income tax – 10%

Corporate income tax – 16%

VAT – 19% (food – 9%; some forms of entertainment – 5%)

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Pros Pros
Sectors Sectors
Tax Tax

Safe investment environment: political and economic stability

Skilled and educated workforce

High ratio of job openings to applicants

Highly developed logistical, transport and communications infrastructure

Leader in advanced technology and R&D

Strong focus on new technologies and high innovation

National growth strategy to double the value of FDI by 2020 compared to the end of 2012

Incorporation of rules for corporate governance, and special economic zones to become more business-friendly country
Quality of life

Pharma & Healthcare

Cosmetic

Electric machinery

Transportation equipment production

General machinery

Finance and assurance

Services

Automotive

Real estate

Corporate income tax – 22% – 30% [Depending on industry and capital]

VAT – 8% [Japan’s consumption tax corresponding to VAT is currently 8%, and it is expected to be changed to 10% from October 1, 2019]

Personal income tax – 5% – 45% [Varies according to annual salary]

Property acquisition tax – Property estimated value x4%

Fixed assed estimated value x1.7%

Customs duties and tariffs vary depending on original country, goods

Social security – 31.11% of income (based on 0.35% of work injury insurance).

Note: health insurance 18.3%, annual insurance 9.91%, employment insurance 0.25-8.8%, nursing insurance 1.65%

Corporate burden: 15.88%; Individual burden: 15.23%

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Pros Pros
Sectors Sectors
Tax Tax

The world’s largest population (about 1.4 billion inhabitants)

The fastest-growing economy (world economic power)

Domestic consumption constantly increasing along with educated middle-class

Talented workforce

Cost efficient (in secondary and tertiary cities, and central-west areas)

Strong focus on R&D, innovation, and digitalization

Attractive local government investment incentives program: industrial parks

Favorable location: Oriental Asia country with access to South East Asian and Central Asia, main transportation routes from Asia to the world

Pharma & Healthcare

Cosmetic

Culture, Advertising & Media

Consumer & retail (e-commerce)

Commercial real estate

Automotive

ICT

Green and renewable technology

Manufacturing and machinery industry

Travel & Leisure

Corporate income tax – 25% [Note: Companies are divided, eligible SMEs is 20%; high and new technology companies is 15%]

VAT – 6%

Personal income tax varies according to annual salary

Costums duties decided according to product features

Capital tax rate – 20% [Note: general tariff agreement is 10%]

Social security contributions depends on cities/areas/provinces in the country

Pros Pros
Sectors Sectors
Tax Tax

Major force in the global economic market having considerable impact on global trading

Favourable business environment,

Good administrative setup,

Attractive foreign policies providing attractive incentives to investors and initiative of government

The world’s fastest growing economy

Available, abundant skilled workforce as well as Young and growing youth population (about two-thirds of the total population is of working age )

Broad legal framework and independent judicial system

Well-organized banking sector and capital market

Infrastructure

Pharma & Healthcare

IT

Automotive

FMCG

Logistics

Consumer & retail (including FMCG and e-commerce)

Manufacturing

Domestic Corporate Income tax – 30%/25%* [*Note: Companies Tax rate is 25%, if turnover or gross receipts of the Domestic Company in the Previous Year 2016-17 doesn’t exceed Rs. 250 crore]

Foreign Corporate Income tax – 40%

Goods and Service Tax – 0%, 5%, 12%, 18% & 28% (Rate is different for different categories of Goods)

Personal Income Tax varies according to age of Individual and annual Income earned (Defined in Slab of Income Tax for Individual)

Customs duties decided according to product

Long Term/Short Term Capital Gain tax rate – 10%/15%/20%/30% [As per different categories of the Capital Goods]

Professional Tax varies as per different State Law

Pros Pros
Sectors Sectors
Tax Tax

Leading economy in EU

High productivity and quality-awarness

Strong R&D

High standards in study and vocational training

Excellent infrastructure

Attractive public funding programs

Safe investment environment

Efficient Legal System

High Live quality

Automotive

Machinery industry

Chemical industry

Electrical engineering

Consumer and retail

Environmental engineering

Renewable energy

Banking & financial services

Insurance

Press and media

19% VAT ,standard 7% VAT reduced rate for certain sectors
15% Corporate Income tax + solidarity surcharge of 5,5 %
14 % – 45 % Income Tax for natural persons