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)
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%)
PAIH (https://www.paih.gov.pl/en)
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%
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
CzechInvest (https://www.czechinvest.org/en)
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
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
HIPA (https://hipa.hu/main)
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)
Invest Romania (http://investromania.gov.ro/web/)
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%)
InvestBulgaria Agency (IBA): http://www.investbg.government.bg/en
Sofia Investment Agency: http://investsofia.com/en/
Predictable political environment.
Sustainable economical growth.
Save environment; absence of violance and terorrism; respect to human rights.
Cost of living.
Transport and logistic
Machinery industry
Consumer and retail
Construction & Engineering,
Tourism and hotel industry
Temporary employment
Real estates and rental
Public procurement
Agriculture
Business services sector
Informational technology
Energy and Renewable
Environmental engineering
Sport
Value added tax amounting of 20%, except for accommodation hotel services where 9% VAT is applied.
Coorporate tax – flat tax amounting of 10% on the ground of yearly profit.
Withholding tax – flat tax amounting of 10% (sell of stocks/shares, technical services, interests, rental, copyright license fees and
management fees).
Dividends (including at liquidation) – flat tax amounting of 5% applied for individuals.
Income tax – flat tax amounting of 10 %.
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%
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
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
